Extreme Networks (NASDAQ:EXTR) Stock Rating Upgraded by Wall Street Zen

Extreme Networks (NASDAQ:EXTR) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Sunday.

Other analysts also recently issued research reports about the company. Needham & Company LLC reissued a “buy” rating and issued a $24.00 price objective on shares of Extreme Networks in a research note on Monday, November 24th. Oppenheimer raised Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 target price on the stock in a report on Thursday, October 30th. B. Riley reiterated a “buy” rating on shares of Extreme Networks in a research report on Thursday, October 30th. Rosenblatt Securities restated a “buy” rating and set a $25.00 price objective on shares of Extreme Networks in a research report on Tuesday, November 11th. Finally, Bank of America began coverage on shares of Extreme Networks in a research note on Wednesday, November 19th. They issued a “buy” rating and a $24.00 price objective on the stock. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Extreme Networks currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.83.

Extreme Networks Stock Down 2.9%

EXTR stock opened at $14.75 on Friday. The firm’s 50-day moving average is $16.72 and its two-hundred day moving average is $18.74. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 210.71, a price-to-earnings-growth ratio of 1.64 and a beta of 1.64. Extreme Networks has a 52 week low of $10.10 and a 52 week high of $22.89. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 2.32.

Extreme Networks (NASDAQ:EXTR) last posted its quarterly earnings data on Wednesday, October 29th. The technology company reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. Extreme Networks had a net margin of 0.73% and a return on equity of 81.83%. The business had revenue of $310.25 million for the quarter, compared to analyst estimates of $295.72 million. During the same quarter last year, the business earned $0.17 earnings per share. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. Extreme Networks has set its Q2 2026 guidance at 0.230-0.250 EPS. On average, analysts forecast that Extreme Networks will post 0.31 earnings per share for the current fiscal 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 that occurred on Friday, January 2nd. The shares were sold at an average price of $16.54, for a total value of $827,000.00. Following the transaction, the chief executive officer directly owned 1,871,418 shares of the company’s stock, valued at $30,953,253.72. This trade represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Extreme Networks

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its stake in Extreme Networks by 45.1% during the 4th quarter. State of Alaska Department of Revenue now owns 105,619 shares of the technology company’s stock valued at $1,757,000 after purchasing an additional 32,824 shares during the period. Centurion Wealth Management LLC grew its holdings in shares of Extreme Networks by 46.4% during the fourth quarter. Centurion Wealth Management LLC now owns 32,509 shares of the technology company’s stock valued at $541,000 after buying an additional 10,309 shares in the last quarter. Mirador Capital Partners LP grew its holdings in shares of Extreme Networks by 1.2% during the fourth quarter. Mirador Capital Partners LP now owns 410,668 shares of the technology company’s stock valued at $6,838,000 after buying an additional 4,902 shares in the last quarter. Byrne Asset Management LLC raised its position in Extreme Networks by 111.0% during the fourth quarter. Byrne Asset Management LLC now owns 14,370 shares of the technology company’s stock valued at $239,000 after buying an additional 7,560 shares during the period. Finally, SG Americas Securities LLC lifted its stake in Extreme Networks by 41.6% in the 4th quarter. SG Americas Securities LLC now owns 108,536 shares of the technology company’s stock worth $1,807,000 after acquiring an additional 31,885 shares in the last quarter. Institutional investors and hedge funds own 91.05% of the company’s stock.

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.