Needham & Company LLC Has Lowered Expectations for Extreme Networks (NASDAQ:EXTR) Stock Price

Extreme Networks (NASDAQ:EXTR) had its target price decreased by investment analysts at Needham & Company LLC from $24.00 to $21.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s target price indicates a potential upside of 44.03% from the stock’s current price.

EXTR has been the topic of a number of other reports. Bank of America initiated 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. Weiss Ratings downgraded Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, January 16th. B. Riley reiterated a “buy” rating on shares of Extreme Networks in a report on Thursday, October 30th. Oppenheimer raised Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 price objective for the company in a research report on Thursday, October 30th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $25.00 price objective on shares of Extreme Networks in a report on Thursday. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $22.67.

Extreme Networks Trading Up 1.5%

Shares of EXTR stock opened at $14.58 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.75 and a debt-to-equity ratio of 1.61. Extreme Networks has a twelve month low of $10.10 and a twelve month high of $22.89. The company’s 50-day moving average price is $16.50 and its 200-day moving average price is $18.63. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 208.32, a PEG ratio of 1.59 and a beta of 1.64.

Extreme Networks (NASDAQ:EXTR) last released its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. The firm had revenue of $317.93 million during the quarter, compared to analysts’ expectations of $312.33 million. Extreme Networks had a net margin of 0.75% and a return on equity of 75.56%. Extreme Networks’s revenue was up 13.8% compared to the same quarter last year. During the same period last year, the business earned $0.21 earnings per share. 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, equities analysts predict that Extreme Networks will post 0.31 earnings per share for the current year.

Insider Activity

In related news, CEO Edward Meyercord sold 50,000 shares of the business’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $16.54, for a total value of $827,000.00. Following the sale, the chief executive officer owned 1,871,418 shares in the company, valued at approximately $30,953,253.72. The trade was a 2.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On Extreme Networks

Several institutional investors have recently bought and sold shares of the company. Salomon & Ludwin LLC purchased a new stake in Extreme Networks during the third quarter worth about $27,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Extreme Networks in the third quarter valued at approximately $31,000. CWM LLC grew its holdings 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 purchasing an additional 648 shares in the last quarter. Farther Finance Advisors LLC increased its stake 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. Finally, Quarry LP increased its stake in Extreme Networks by 74.9% during the 3rd quarter. Quarry LP now owns 2,610 shares of the technology company’s stock worth $54,000 after buying an additional 1,118 shares during the period. 91.05% of the stock is owned by institutional investors and hedge funds.

Key Extreme Networks News

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

• Positive Sentiment: Q2 FY2026 results beat expectations — EXTR topped revenue and EPS estimates and reported its seventh consecutive quarter of growth, supporting the market’s positive reaction to the quarter. Extreme Networks (EXTR) Reports Fiscal Q2 2026 Results, Here’s What You Need to Know
• Positive Sentiment: Shares gapped up after the earnings beat — short‑term price action shows investor enthusiasm for the stronger-than-expected quarter. Extreme Networks (NASDAQ:EXTR) Shares Gap Up After Better-Than-Expected Earnings
• Positive Sentiment: Company projects ~11% revenue growth for fiscal 2026 and highlights progress on an AI-driven networking platform and market-share gains — revenue guide and AI strategy bolster medium‑term growth expectations. Extreme Networks projects 11% revenue growth for fiscal 2026 while advancing AI-driven platform and market share gains
• Positive Sentiment: Analyst support: Rosenblatt reaffirmed a “buy” rating with a $25 price target, signaling upside from current levels and adding to bullish sentiment. Benzinga coverage of analyst action
• Neutral Sentiment: Investor events scheduled in Feb–Mar 2026 — management will be presenting to investors, which could provide more color on execution and the AI roadmap but is informational rather than immediately value‑moving. Extreme Networks Announces Investor Conferences for February and March 2026
• Negative Sentiment: Needham trimmed its price target from $24 to $21 (but kept a “buy” rating) — the cut dampens some upside expectations and suggests less bullishness on valuation despite positive operational news. Benzinga coverage of analyst action

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.