Extreme Networks (NASDAQ:EXTR) Given “Buy” Rating at Rosenblatt Securities

Extreme Networks (NASDAQ:EXTR)‘s stock had its “buy” rating reissued by investment analysts at Rosenblatt Securities in a report issued on Thursday,Benzinga reports. They currently have a $25.00 price target on the technology company’s stock. Rosenblatt Securities’ price target indicates a potential upside of 66.44% from the company’s previous close.

Other research analysts also recently issued reports about the company. Wall Street Zen upgraded Extreme Networks from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Weiss Ratings downgraded Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, January 16th. B. Riley reiterated a “buy” rating on shares of Extreme Networks in a report on Thursday, October 30th. Needham & Company LLC reissued a “buy” rating and issued a $24.00 price objective on shares of Extreme Networks in a research report on Monday, November 24th. Finally, Oppenheimer upgraded shares of Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 target price for the company in a research note on Thursday, October 30th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $23.33.

Extreme Networks Stock Performance

NASDAQ EXTR opened at $15.02 on Thursday. The firm has a market capitalization of $2.01 billion, a P/E ratio of 214.57, a price-to-earnings-growth ratio of 1.63 and a beta of 1.64. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 2.32. The firm’s fifty day moving average price is $16.60 and its two-hundred day moving average price is $18.68. Extreme Networks has a 1 year low of $10.10 and a 1 year high of $22.89.

Extreme Networks (NASDAQ:EXTR) last issued its earnings results on Wednesday, January 28th. The technology company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02. Extreme Networks had a net margin of 0.73% and a return on equity of 81.83%. The business had revenue of $317.93 million during the quarter, compared to the consensus estimate of $312.33 million. During the same period last year, the business posted $0.21 EPS. Extreme Networks’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, research analysts anticipate 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 the business’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $16.54, for a total value of $827,000.00. Following the completion of the sale, the chief executive officer owned 1,871,418 shares of the company’s stock, valued at approximately $30,953,253.72. The trade was a 2.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.60% of the company’s stock.

Institutional Trading of Extreme Networks

Hedge funds and other institutional investors have recently bought and sold shares of the business. Salomon & Ludwin LLC bought a new stake in Extreme Networks in the 3rd quarter valued at about $27,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Extreme Networks during the third quarter worth approximately $31,000. CWM LLC raised its position in shares of Extreme Networks by 44.8% in the third quarter. CWM LLC now owns 2,095 shares of the technology company’s stock valued at $43,000 after buying an additional 648 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Extreme Networks by 85.4% in the third 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 in the last quarter. Finally, Quarry LP boosted 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 during the period. Institutional investors and hedge funds own 91.05% of the company’s stock.

Trending Headlines about Extreme Networks

Here are the key news stories impacting Extreme Networks this week:

• Positive Sentiment: Q2 results beat expectations — Extreme reported $0.26 EPS vs. $0.24 consensus and revenue of $317.93M vs. ~$312M expected; revenue grew 13.8% year‑over‑year, signaling continued share gains. Extreme Networks Reports Second Quarter Fiscal Year 2026 Financial Results
• Positive Sentiment: FY‑2026 guidance raised — management set FY EPS at $0.980–1.020 versus the prior consensus of ~$0.80, indicating materially stronger full‑year profitability expectations. (Guidance cited in company release/earnings commentary.) Press Release / Slide Deck
• Positive Sentiment: Q3 guidance ahead of estimates — Q3 EPS guided to $0.230–0.250 vs. consensus ~$0.19 and revenue guided roughly in line/above expectations; management highlighted that Extreme Platform ONE bookings were ~2x plan, supporting future revenue cadence. Earnings Snapshot / Call Materials
• Neutral Sentiment: Widespread coverage and call/transcript availability — multiple outlets published earnings transcripts and summaries (Seeking Alpha, MarketWatch, Zacks, Yahoo), providing transparency for investors reviewing the quarter and guidance. EXTR Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Short‑interest data appears anomalous — a report shows a large reported increase but the underlying numbers display zeros/NaN and a 0.0 days short‑interest ratio; treat that data as unreliable until clarified by exchanges/brokers. (Unclear near‑term impact.)

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.