Brokerages Set Extreme Networks, Inc. (NASDAQ:EXTR) Target Price at $22.67

Shares of Extreme Networks, Inc. (NASDAQ:EXTR) have received an average rating of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $22.6667.

Several research firms have weighed in on EXTR. Wall Street Zen upgraded Extreme Networks from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 28th. Bank of America started coverage on Extreme Networks in a report on Wednesday, November 19th. They issued a “buy” rating and a $24.00 price target for the company. Rosenblatt Securities reiterated a “buy” rating and issued a $25.00 price objective on shares of Extreme Networks in a research report on Thursday, January 29th. Needham & Company LLC lowered their target price on Extreme Networks from $24.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, January 29th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $17.00 price target on shares of Extreme Networks in a research note on Thursday, January 29th.

Extreme Networks Stock Performance

Shares of EXTR stock opened at $14.26 on Wednesday. The stock has a market cap of $1.91 billion, a PE ratio of 203.74, a price-to-earnings-growth ratio of 1.51 and a beta of 1.67. The stock has a 50-day moving average of $14.99 and a 200-day moving average of $17.81. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.95 and a quick ratio of 0.80. Extreme Networks has a one year low of $10.10 and a one year high of $22.89.

Extreme Networks (NASDAQ:EXTR) last issued its earnings results on Wednesday, January 28th. The technology company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. Extreme Networks had a net margin of 0.75% and a return on equity of 75.56%. The firm had revenue of $317.93 million during the quarter, compared to the consensus estimate of $312.33 million. During the same quarter in the prior year, the firm earned $0.21 earnings per share. The business’s quarterly revenue was up 13.8% on a year-over-year basis. Extreme Networks has set its Q3 2026 guidance at 0.230-0.250 EPS and its FY 2026 guidance at 0.980-1.020 EPS. As a group, sell-side analysts expect that Extreme Networks will post 0.31 earnings per share for the current year.

Insider Activity at Extreme Networks

In other news, CEO Edward Meyercord sold 50,000 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $14.91, for a total transaction of $745,500.00. Following the completion of the transaction, the chief executive officer directly owned 1,871,418 shares of the company’s stock, valued at $27,902,842.38. This represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.60% of the stock is currently owned by company insiders.

Institutional Trading of Extreme Networks

A number of hedge funds and other institutional investors have recently made changes to their positions in EXTR. Salomon & Ludwin LLC acquired a new stake in Extreme Networks in the 3rd quarter valued at $27,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Extreme Networks during the 3rd quarter worth approximately $31,000. CWM LLC raised its stake in shares of Extreme Networks by 44.8% during the 3rd quarter. CWM LLC now owns 2,095 shares of the technology company’s stock worth $43,000 after purchasing an additional 648 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of 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 buying an additional 1,014 shares during the last quarter. Finally, Quarry LP grew its stake in shares of Extreme Networks by 74.9% in the third quarter. Quarry LP now owns 2,610 shares of the technology company’s stock valued at $54,000 after buying an additional 1,118 shares in the last quarter. 91.05% of the stock is currently owned by institutional investors and hedge funds.

Extreme Networks Company Profile

Extreme Networks, Inc (NASDAQ: EXTR) is a global provider of end-to-end networking solutions designed to support enterprise, data center, and service provider environments. The company’s product portfolio encompasses high-performance wired and wireless access switches, routers, network security appliances, and software-defined networking (SDN) tools. Driven by a cloud-native management architecture, Extreme’s Intelligent Edge Platform integrates network analytics, automation and orchestration capabilities to help organizations optimize performance, reduce operational complexity and strengthen security.

Since its founding in the mid-1990s and subsequent public listing in 1999, Extreme Networks has expanded its technology footprint through targeted acquisitions.