Q3 EPS Estimates for Extreme Networks Reduced by B. Riley

Extreme Networks, Inc. (NASDAQ:EXTR) – Equities researchers at B. Riley reduced their Q3 2026 earnings per share (EPS) estimates for shares of Extreme Networks in a note issued to investors on Wednesday, October 29th. B. Riley analyst D. Kang now forecasts that the technology company will post earnings of $0.10 per share for the quarter, down from their previous estimate of $0.12. B. Riley currently has a “Buy” rating on the stock. The consensus estimate for Extreme Networks’ current full-year earnings is $0.31 per share. B. Riley also issued estimates for Extreme Networks’ Q4 2026 earnings at $0.15 EPS, Q1 2027 earnings at $0.14 EPS, Q2 2027 earnings at $0.18 EPS, Q3 2027 earnings at $0.16 EPS, Q4 2027 earnings at $0.23 EPS and FY2027 earnings at $0.70 EPS.

Extreme Networks (NASDAQ:EXTR) last released its quarterly earnings data on Wednesday, October 29th. The technology company reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. The company had revenue of $310.25 million for the quarter, compared to analysts’ expectations of $295.72 million. Extreme Networks had a net margin of 0.73% and a return on equity of 81.83%. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter last year, the company 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.

Several other brokerages have also issued reports on EXTR. Lake Street Capital raised Extreme Networks from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Thursday, August 7th. UBS Group raised their price target on Extreme Networks from $15.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Oppenheimer raised Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 price target on the stock in a research report on Thursday, October 30th. Rosenblatt Securities reissued a “buy” rating and issued a $25.00 price objective on shares of Extreme Networks in a report on Thursday, October 30th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Extreme Networks in a research report on Friday, October 31st. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Extreme Networks presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.80.

Extreme Networks Price Performance

Shares of NASDAQ:EXTR opened at $17.80 on Monday. Extreme Networks has a 12 month low of $10.10 and a 12 month high of $22.89. The firm has a market capitalization of $2.38 billion, a P/E ratio of 254.29, a P/E/G ratio of 1.89 and a beta of 1.81. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.91 and a quick ratio of 0.74. The company’s fifty day moving average price is $20.94 and its 200 day moving average price is $18.35.

Insiders Place Their Bets

In other Extreme Networks news, CFO Kevin R. Rhodes sold 14,000 shares of Extreme Networks stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $21.52, for a total value of $301,280.00. Following the transaction, the chief financial officer directly owned 126,202 shares in the company, valued at approximately $2,715,867.04. This trade represents a 9.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Edward H. Kennedy sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $20.01, for a total value of $500,250.00. Following the completion of the transaction, the director directly owned 612,691 shares in the company, valued at approximately $12,259,946.91. The trade was a 3.92% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 68,000 shares of company stock valued at $1,401,460. 3.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Extreme Networks

Large investors have recently bought and sold shares of the company. CWM LLC increased 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 valued at $43,000 after purchasing an additional 648 shares in the last quarter. Arizona State Retirement System grew its holdings in Extreme Networks by 1.8% in the third quarter. Arizona State Retirement System now owns 39,405 shares of the technology company’s stock valued at $814,000 after purchasing an additional 685 shares during the last quarter. Police & Firemen s Retirement System of New Jersey increased its position in shares of Extreme Networks by 3.3% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 29,356 shares of the technology company’s stock valued at $527,000 after buying an additional 934 shares in the last quarter. Vestcor Inc increased its position in shares of Extreme Networks by 4.6% in the first quarter. Vestcor Inc now owns 22,462 shares of the technology company’s stock valued at $297,000 after buying an additional 988 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Extreme Networks by 85.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,201 shares of the technology company’s stock worth $45,000 after buying an additional 1,014 shares during the last quarter. Hedge funds and other institutional investors own 91.05% of the company’s stock.

Extreme Networks Company Profile

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.