Extreme Networks, Inc. (NASDAQ:EXTR) Stock Has Consensus Target Price of $32.25 According to Brokerages

Extreme Networks, Inc. (NASDAQ:EXTR) has earned a consensus rating of “Moderate Buy” from the nine analysts that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $32.25.

A number of brokerages recently commented on EXTR. Weiss Ratings upgraded shares of Extreme Networks from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday. Wall Street Zen upgraded Extreme Networks from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Craig Hallum reiterated a “buy” rating and issued a $31.00 price objective on shares of Extreme Networks in a research note on Thursday, August 6th. B. Riley Financial boosted their price objective on shares of Extreme Networks from $28.00 to $34.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Rosenblatt Securities lowered their target price on shares of Extreme Networks from $39.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th.

Extreme Networks Stock Up 0.8%

Shares of Extreme Networks stock opened at $21.91 on Thursday. The company has a market cap of $2.90 billion, a P/E ratio of 70.68, a PEG ratio of 1.43 and a beta of 1.76. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.81 and a current ratio of 0.93. Extreme Networks has a one year low of $13.48 and a one year high of $33.73. The firm has a fifty day moving average of $22.60 and a two-hundred day moving average of $24.78.

Extreme Networks (NASDAQ:EXTR) last issued its earnings results on Wednesday, August 5th. The technology company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.03. Extreme Networks had a net margin of 3.28% and a return on equity of 88.88%. The business had revenue of $338.55 million for the quarter, compared to the consensus estimate of $332.49 million. During the same quarter in the previous year, the firm earned $0.25 earnings per share. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. Extreme Networks has set its FY 2027 guidance at 1.280-1.330 EPS and its Q1 2027 guidance at 0.270-0.290 EPS. On average, analysts forecast that Extreme Networks will post 0.75 earnings per share for the current year.

Insider Activity at Extreme Networks

In related news, CFO Kevin R. Rhodes sold 21,825 shares of Extreme Networks stock in a transaction on Friday, August 21st. The stock was sold at an average price of $22.30, for a total transaction of $486,697.50. Following the completion of the transaction, the chief financial officer directly owned 196,803 shares of the company’s stock, valued at approximately $4,388,706.90. The trade was a 9.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Edward Meyercord sold 50,000 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $29.79, for a total value of $1,489,500.00. Following the sale, the chief executive officer owned 1,596,475 shares in the company, valued at approximately $47,558,990.25. The trade was a 3.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 121,825 shares of company stock valued at $3,064,698 over the last ninety days. 3.20% 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 added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of Extreme Networks during the 2nd quarter worth about $25,000. Public Employees Retirement System of Ohio acquired a new position in shares of Extreme Networks in the 2nd quarter valued at $28,000. CoreCap Advisors LLC boosted its holdings in shares of Extreme Networks by 72.3% in the 3rd quarter. CoreCap Advisors LLC now owns 1,201 shares of the technology company’s stock valued at $26,000 after purchasing an additional 504 shares during the last quarter. Nykredit A S purchased a new stake in shares of Extreme Networks during the 2nd quarter valued at $48,000. Finally, Rockefeller Capital Management L.P. grew its stake in shares of Extreme Networks by 313.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,957 shares of the technology company’s stock valued at $33,000 after buying an additional 1,484 shares during the period. Hedge funds and other institutional investors own 91.05% of the company’s stock.

About Extreme Networks

Extreme Networks, Inc (NASDAQ: EXTR) develops enterprise networking solutions that help organizations connect, manage and secure users, devices and applications. Its portfolio includes wired and wireless network infrastructure, cloud-managed networking, network management software, analytics, security capabilities and software-defined wide-area networking solutions.

The company serves a broad range of customers, including businesses, schools and universities, healthcare organizations, government agencies, retailers, manufacturers and hospitality providers.