Extreme Networks, Inc. (NASDAQ:EXTR) Receives $30.83 Average Price Target from Brokerages

Shares of Extreme Networks, Inc. (NASDAQ:EXTR) have earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $30.8333.

A number of equities analysts have issued reports on the company. Weiss Ratings raised Extreme Networks from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, July 6th. Needham & Company LLC lifted their price target on shares of Extreme Networks from $21.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Lake Street Capital upped their price target on shares of Extreme Networks from $25.00 to $34.00 and gave the company a “buy” rating in a report on Monday, June 15th. UBS Group set a $28.00 target price on shares of Extreme Networks in a research report on Thursday, April 30th. Finally, B. Riley Financial restated a “buy” rating on shares of Extreme Networks in a research note on Thursday, April 30th.

Extreme Networks Price Performance

EXTR stock traded up $0.84 during midday trading on Tuesday, hitting $33.71. 2,379,375 shares of the stock were exchanged, compared to its average volume of 2,072,937. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.78 and a current ratio of 0.91. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 280.92, a PEG ratio of 2.07 and a beta of 1.77. Extreme Networks has a fifty-two week low of $13.48 and a fifty-two week high of $33.73. The stock’s 50-day moving average price is $28.20 and its 200-day moving average price is $20.03.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. Extreme Networks had a return on equity of 81.88% and a net margin of 1.30%.The firm had revenue of $316.87 million during the quarter, compared to the consensus estimate of $311.48 million. During the same period in the previous year, the firm posted $0.21 EPS. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. Research analysts predict that Extreme Networks will post 0.53 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Katayoun Motiey sold 30,000 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $31.03, for a total value of $930,900.00. Following the completion of the sale, the insider directly owned 120,834 shares of the company’s stock, valued at $3,749,479.02. The trade was a 19.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Edward Meyercord sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $26.10, for a total value of $2,610,000.00. Following the sale, the chief executive officer owned 1,721,902 shares in the company, valued at $44,941,642.20. The trade was a 5.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 592,182 shares of company stock valued at $15,423,978. 3.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Extreme Networks

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Extreme Networks by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 19,112,223 shares of the technology company’s stock worth $318,219,000 after purchasing an additional 349,199 shares during the period. State Street Corp boosted its holdings in shares of Extreme Networks by 3.9% in the 4th quarter. State Street Corp now owns 5,664,493 shares of the technology company’s stock valued at $94,314,000 after buying an additional 213,094 shares during the period. Paradigm Capital Management Inc. NY grew its position in shares of Extreme Networks by 5.3% during the 1st quarter. Paradigm Capital Management Inc. NY now owns 5,234,900 shares of the technology company’s stock valued at $78,942,000 after buying an additional 262,400 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Extreme Networks by 7.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,247,680 shares of the technology company’s stock worth $48,975,000 after acquiring an additional 230,617 shares during the last quarter. Finally, Alyeska Investment Group L.P. boosted its stake in Extreme Networks by 301.9% in the fourth quarter. Alyeska Investment Group L.P. now owns 2,971,718 shares of the technology company’s stock valued at $49,479,000 after acquiring an additional 2,232,373 shares during the period. 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.