Rosenblatt Securities Reaffirms “Buy” Rating for Extreme Networks (NASDAQ:EXTR)

Extreme Networks (NASDAQ:EXTR)‘s stock had its “buy” rating reaffirmed by investment analysts at Rosenblatt Securities in a research note issued to investors on Thursday,Benzinga reports. They currently have a $25.00 price target on the technology company’s stock. Rosenblatt Securities’ price target would suggest a potential upside of 71.47% from the stock’s current price.

Other research analysts also recently issued reports about the company. Oppenheimer upgraded Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 price objective on the stock in a report on Thursday, October 30th. B. Riley restated a “buy” rating on shares of Extreme Networks in a research note on Thursday, October 30th. Wall Street Zen raised shares of Extreme Networks from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 25th. Weiss Ratings cut shares of Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, January 16th. Finally, Needham & Company LLC reissued a “buy” rating and set a $24.00 target price on shares of Extreme Networks in a research report on Monday, November 24th. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Extreme Networks has an average rating of “Moderate Buy” and a consensus price target of $22.67.

Extreme Networks Trading Up 1.5%

NASDAQ EXTR opened at $14.58 on Thursday. The stock has a market cap of $1.95 billion, a PE ratio of 208.32, a PEG ratio of 1.59 and a beta of 1.64. Extreme Networks has a 12 month low of $10.10 and a 12 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 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 (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, beating the consensus estimate of $0.24 by $0.02. The company 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%. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.21 EPS. 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. Equities research analysts forecast that Extreme Networks will post 0.31 earnings per share for the current 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Extreme Networks

Institutional investors have recently bought and sold shares of the company. Salomon & Ludwin LLC acquired a new position in shares of Extreme Networks during the third quarter worth $27,000. Caitong International Asset Management Co. Ltd purchased a new stake in Extreme Networks in the third quarter valued at about $31,000. CWM LLC raised its stake in 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 during the last quarter. Farther Finance Advisors LLC boosted its holdings in Extreme Networks by 85.4% in the third quarter. Farther Finance Advisors LLC now owns 2,201 shares of the technology company’s stock worth $45,000 after acquiring an additional 1,014 shares in the last quarter. Finally, Quarry LP grew its stake in shares of Extreme Networks by 74.9% during the third quarter. Quarry LP now owns 2,610 shares of the technology company’s stock worth $54,000 after acquiring an additional 1,118 shares during the last quarter. 91.05% of the stock is currently owned by institutional investors and hedge funds.

Extreme Networks News Roundup

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.