Extreme Networks (NASDAQ:EXTR) Upgraded to Strong-Buy at Wall Street Zen

Extreme Networks (NASDAQ:EXTR) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Friday.

A number of other equities research analysts also recently issued reports on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Extreme Networks in a research note on Wednesday. Lake Street Capital upgraded shares of Extreme Networks from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Thursday, August 7th. Needham & Company LLC restated a “buy” rating and set a $24.00 price target on shares of Extreme Networks in a research note on Monday, November 24th. Oppenheimer upgraded Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 price target for the company in a research report on Thursday, October 30th. Finally, Bank of America began coverage on Extreme Networks in a report on Wednesday, November 19th. They issued a “buy” rating and a $24.00 price objective on the stock. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $23.83.

Extreme Networks Stock Performance

Shares of Extreme Networks stock opened at $17.50 on Friday. The firm has a market cap of $2.34 billion, a PE ratio of 250.00, a price-to-earnings-growth ratio of 1.89 and a beta of 1.82. The company has a quick ratio of 0.74, a current ratio of 0.91 and a debt-to-equity ratio of 2.32. Extreme Networks has a 52 week low of $10.10 and a 52 week high of $22.89. The business’s fifty day simple moving average is $19.26 and its 200-day simple moving average is $18.78.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings data on Wednesday, October 29th. The technology company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. Extreme Networks had a return on equity of 81.83% and a net margin of 0.73%.The firm had revenue of $310.25 million during the quarter, compared to the consensus estimate of $295.72 million. During the same period last year, the company earned $0.17 EPS. The company’s quarterly revenue was up 15.2% on a year-over-year basis. Extreme Networks has set its FY 2026 guidance at EPS. Q2 2026 guidance at 0.230-0.250 EPS. Equities analysts forecast that Extreme Networks will post 0.31 earnings per share for the current year.

Institutional Trading of Extreme Networks

Several hedge funds have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership grew its stake in Extreme Networks by 3,302.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,460,851 shares of the technology company’s stock worth $44,172,000 after purchasing an additional 2,388,527 shares in the last quarter. Nuveen LLC purchased a new position in shares of Extreme Networks in the 1st quarter valued at about $14,147,000. Millennium Management LLC boosted its stake in shares of Extreme Networks by 163.0% in the 1st quarter. Millennium Management LLC now owns 1,260,362 shares of the technology company’s stock valued at $16,675,000 after buying an additional 781,103 shares during the period. Trigran Investments Inc. grew its position in shares of Extreme Networks by 30.3% during the first quarter. Trigran Investments Inc. now owns 3,106,446 shares of the technology company’s stock worth $41,098,000 after buying an additional 722,121 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Extreme Networks during the second quarter worth approximately $11,265,000. 91.05% of the stock is currently owned by institutional investors and hedge funds.

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.