Analysts Set Extreme Networks, Inc. (NASDAQ:EXTR) PT at $22.67

Shares of Extreme Networks, Inc. (NASDAQ:EXTR) have received an average recommendation of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $22.6667.

Several analysts have issued reports on EXTR shares. Wall Street Zen upgraded shares of Extreme Networks from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 28th. Rosenblatt Securities restated a “buy” rating and set a $25.00 price target on shares of Extreme Networks in a research report on Thursday, January 29th. Weiss Ratings cut shares of Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 17th. UBS Group reiterated a “neutral” rating and issued a $17.00 price objective on shares of Extreme Networks in a research report on Thursday, January 29th. Finally, Needham & Company LLC dropped their price objective 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.

Extreme Networks Trading Up 0.7%

NASDAQ:EXTR opened at $15.08 on Friday. Extreme Networks has a 1 year low of $10.10 and a 1 year high of $22.89. The stock’s fifty day moving average price is $14.66 and its two-hundred day moving average price is $17.09. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.95 and a quick ratio of 0.80. The company has a market cap of $2.02 billion, a P/E ratio of 215.46, a P/E/G ratio of 1.61 and a beta of 1.67.

Extreme Networks (NASDAQ:EXTR) last announced its quarterly earnings results on Wednesday, January 28th. The technology company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. Extreme Networks had a return on equity of 75.56% and a net margin of 0.75%.The firm had revenue of $317.93 million for the quarter, compared to analysts’ expectations of $312.33 million. During the same period in the prior year, the business posted $0.21 earnings per share. The company’s 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, analysts expect that Extreme Networks will post 0.31 EPS for the current year.

Insider Buying and Selling at Extreme Networks

In other news, CEO Edward Meyercord sold 50,000 shares of Extreme Networks 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 sale, the chief executive officer owned 1,871,418 shares in the company, valued at approximately $27,902,842.38. This trade represents a 2.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Extreme Networks

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership grew its position in Extreme Networks by 3,302.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,460,851 shares of the technology company’s stock worth $44,172,000 after acquiring an additional 2,388,527 shares in the last quarter. Alyeska Investment Group L.P. raised its position in Extreme Networks by 301.9% during the fourth quarter. Alyeska Investment Group L.P. now owns 2,971,718 shares of the technology company’s stock valued at $49,479,000 after purchasing an additional 2,232,373 shares in the last quarter. Jain Global LLC bought a new stake in Extreme Networks during the fourth quarter worth about $17,361,000. Millennium Management LLC lifted its stake in Extreme Networks by 163.0% during the first quarter. Millennium Management LLC now owns 1,260,362 shares of the technology company’s stock worth $16,675,000 after purchasing an additional 781,103 shares during the last quarter. Finally, Southernsun Asset Management LLC boosted its holdings in shares of Extreme Networks by 46.9% in the 4th quarter. Southernsun Asset Management LLC now owns 1,970,886 shares of the technology company’s stock worth $32,815,000 after purchasing an additional 629,486 shares in the last quarter. 91.05% of the stock is owned by hedge funds and other institutional investors.

About Extreme Networks

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.