Extreme Networks, Inc. (NASDAQ:EXTR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Extreme Networks, Inc. (NASDAQ:EXTR) has been given a consensus rating of “Moderate Buy” by the eight brokerages that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $23.8333.

A number of research firms have weighed in on EXTR. Wall Street Zen upgraded Extreme Networks from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 28th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Extreme Networks in a research report on Monday, December 29th. B. Riley reissued a “buy” rating on shares of Extreme Networks in a research report on Thursday, October 30th. Bank of America started coverage on Extreme Networks in a report on Wednesday, November 19th. They set a “buy” rating and a $24.00 price target for the company. Finally, Needham & Company LLC restated a “buy” rating and issued a $24.00 price objective on shares of Extreme Networks in a research note on Monday, November 24th.

Insider Buying and Selling

In other Extreme Networks news, CEO Edward Meyercord sold 50,000 shares of Extreme Networks stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $16.54, for a total transaction of $827,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,871,418 shares of the company’s stock, valued at $30,953,253.72. The trade was a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.60% of the stock is currently owned by company insiders.

Institutional Trading of Extreme Networks

Several hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC raised its holdings in Extreme Networks by 44.8% in the 3rd quarter. CWM LLC now owns 2,095 shares of the technology company’s stock valued at $43,000 after acquiring an additional 648 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Extreme Networks by 3.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 22,783 shares of the technology company’s stock worth $470,000 after purchasing an additional 683 shares during the last quarter. Arizona State Retirement System boosted its stake in Extreme Networks by 1.8% in the 3rd quarter. Arizona State Retirement System now owns 39,405 shares of the technology company’s stock valued at $814,000 after purchasing an additional 685 shares during the period. Police & Firemen s Retirement System of New Jersey grew its holdings in Extreme Networks by 3.3% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 29,356 shares of the technology company’s stock valued at $527,000 after buying an additional 934 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in Extreme Networks by 85.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,201 shares of the technology company’s stock worth $45,000 after buying an additional 1,014 shares during the period. Institutional investors own 91.05% of the company’s stock.

Extreme Networks Stock Performance

EXTR opened at $15.60 on Tuesday. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.91 and a quick ratio of 0.75. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 222.86, a P/E/G ratio of 1.73 and a beta of 1.64. The business’s 50-day moving average price is $17.10 and its two-hundred day moving average price is $18.92. Extreme Networks has a 1 year low of $10.10 and a 1 year high of $22.89.

Extreme Networks (NASDAQ:EXTR) last released its quarterly earnings results on Wednesday, October 29th. The technology company reported $0.22 earnings per share 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 quarter in the prior year, the firm posted $0.17 EPS. The business’s revenue was up 15.2% on a year-over-year basis. Extreme Networks has set its Q2 2026 guidance at 0.230-0.250 EPS. Equities analysts expect that Extreme Networks will post 0.31 EPS for the current fiscal year.

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.