Extreme Networks (NASDAQ:EXTR) Earns “Buy” Rating from Rosenblatt Securities

Extreme Networks (NASDAQ:EXTR)‘s stock had its “buy” rating restated by analysts at Rosenblatt Securities in a research note issued on Tuesday,Benzinga reports. They presently have a $25.00 target price on the technology company’s stock. Rosenblatt Securities’ target price points to a potential upside of 36.84% from the stock’s current price.

EXTR has been the topic of a number of other reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Extreme Networks in a research note on Friday, October 31st. UBS Group increased their target price on shares of Extreme Networks from $15.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. B. Riley reiterated a “buy” rating on shares of Extreme Networks in a research report on Thursday, October 30th. Lake Street Capital upgraded Extreme Networks from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Thursday, August 7th. Finally, Oppenheimer raised Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 price objective for the company in a research note on Thursday, October 30th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.80.

Extreme Networks Stock Performance

Shares of EXTR stock opened at $18.27 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.74 and a debt-to-equity ratio of 2.32. The stock has a 50 day simple moving average of $20.47 and a 200-day simple moving average of $18.55. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 261.00, a price-to-earnings-growth ratio of 1.89 and a beta of 1.82. Extreme Networks has a 12-month low of $10.10 and a 12-month high of $22.89.

Extreme Networks (NASDAQ:EXTR) last posted its quarterly earnings results on Wednesday, October 29th. The technology company reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. The firm had revenue of $310.25 million for the quarter, compared to the consensus estimate of $295.72 million. Extreme Networks had a return on equity of 81.83% and a net margin of 0.73%.The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.17 earnings per share. Extreme Networks has set its FY 2026 guidance at EPS. Q2 2026 guidance at 0.230-0.250 EPS. On average, equities analysts forecast that Extreme Networks will post 0.31 EPS for the current year.

Insider Buying and Selling

In other news, Director Raj Khanna sold 15,000 shares of the company’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $19.91, for a total value of $298,650.00. Following the sale, the director directly owned 216,708 shares in the company, valued at $4,314,656.28. This represents a 6.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kevin R. Rhodes sold 14,000 shares of Extreme Networks stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $21.52, for a total value of $301,280.00. Following the sale, the chief financial officer owned 126,202 shares of the company’s stock, valued at approximately $2,715,867.04. This represents a 9.99% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 43,000 shares of company stock worth $901,210. 3.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EXTR. Salomon & Ludwin LLC purchased a new stake in shares of Extreme Networks during the third quarter worth about $27,000. CWM LLC grew its stake in Extreme Networks by 44.8% in the 3rd quarter. CWM LLC now owns 2,095 shares of the technology company’s stock worth $43,000 after acquiring an additional 648 shares during the period. Farther Finance Advisors LLC raised its holdings in Extreme Networks by 85.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,201 shares of the technology company’s stock valued at $45,000 after acquiring an additional 1,014 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Extreme Networks during the 3rd quarter worth $70,000. Finally, Globeflex Capital L P purchased a new position in shares of Extreme Networks during the 2nd quarter worth $102,000. 91.05% of the stock is currently owned by hedge funds and other institutional investors.

About Extreme Networks

Extreme Networks, Inc delivers cloud-driven networking solutions that leverage the powers of machine learning, artificial intelligence, analytics, and automation.
The company designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security, and access controls.