Extreme Networks, Inc. (NASDAQ:EXTR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Extreme Networks, Inc. (NASDAQ:EXTR) have received an average rating of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $22.6667.

EXTR has been the topic of a number of recent research reports. Needham & Company LLC lowered their target price on Extreme Networks from $24.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, January 29th. Rosenblatt Securities reissued a “buy” rating and issued a $25.00 price target on shares of Extreme Networks in a report on Thursday, January 29th. UBS Group reaffirmed a “neutral” rating and set a $17.00 price objective on shares of Extreme Networks in a research note on Thursday, January 29th. Weiss Ratings lowered shares of Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 17th. Finally, Wall Street Zen raised shares of Extreme Networks from a “buy” rating to a “strong-buy” rating in a research note on Saturday.

Extreme Networks Stock Down 0.4%

EXTR stock opened at $14.19 on Wednesday. The company has a market capitalization of $1.91 billion, a P/E ratio of 202.74, a price-to-earnings-growth ratio of 1.53 and a beta of 1.67. Extreme Networks has a 12 month low of $10.10 and a 12 month high of $22.89. The firm’s fifty day simple moving average is $15.26 and its 200-day simple moving average is $18.02. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.95 and a quick ratio of 0.80.

Extreme Networks (NASDAQ:EXTR) last posted its earnings results on Wednesday, January 28th. The technology company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. Extreme Networks had a net margin of 0.75% and a return on equity of 75.56%. The company had revenue of $317.93 million during the quarter, compared to the consensus estimate of $312.33 million. During the same period in the previous year, the firm posted $0.21 earnings per share. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. 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 research analysts forecast that Extreme Networks will post 0.31 earnings per share for the current year.

Insider Transactions at Extreme Networks

In other Extreme Networks news, CEO Edward Meyercord sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $14.91, for a total value of $745,500.00. Following the sale, the chief executive officer directly owned 1,871,418 shares of the company’s stock, valued at approximately $27,902,842.38. This trade represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Extreme Networks

Institutional investors have recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. raised its stake in Extreme Networks by 18.3% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 822,706 shares of the technology company’s stock worth $14,768,000 after acquiring an additional 126,972 shares during the period. Axecap Investments LLC bought a new position in shares of Extreme Networks during the third quarter valued at approximately $1,609,000. Lisanti Capital Growth LLC raised its position in shares of Extreme Networks by 72.5% during the 3rd quarter. Lisanti Capital Growth LLC now owns 248,712 shares of the technology company’s stock worth $5,136,000 after purchasing an additional 104,557 shares during the period. Calamos Advisors LLC raised its position in shares of Extreme Networks by 40.0% during the 2nd quarter. Calamos Advisors LLC now owns 74,188 shares of the technology company’s stock worth $1,332,000 after purchasing an additional 21,197 shares during the period. Finally, Vontobel Holding Ltd. bought a new stake in shares of Extreme Networks in the 3rd quarter worth approximately $2,199,000. 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.