Q3 Earnings Estimate for Extreme Networks Issued By B. Riley

Extreme Networks, Inc. (NASDAQ:EXTR) – Equities research analysts at B. Riley dropped their Q3 2026 earnings per share estimates for Extreme Networks in a research note issued on Wednesday, October 29th. B. Riley analyst D. Kang now forecasts that the technology company will post earnings of $0.10 per share for the quarter, down from their prior forecast of $0.12. B. Riley currently has a “Buy” rating on the stock. The consensus estimate for Extreme Networks’ current full-year earnings is $0.31 per share. B. Riley also issued estimates for Extreme Networks’ Q4 2026 earnings at $0.15 EPS, Q1 2027 earnings at $0.14 EPS, Q2 2027 earnings at $0.18 EPS, Q3 2027 earnings at $0.16 EPS, Q4 2027 earnings at $0.23 EPS and FY2027 earnings at $0.70 EPS.

Extreme Networks (NASDAQ:EXTR) last posted its earnings results on Wednesday, October 29th. The technology company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. The business had revenue of $310.25 million during the quarter, compared to analyst estimates of $295.72 million. Extreme Networks had a return on equity of 81.83% and a net margin of 0.73%.The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.17 earnings per share. Extreme Networks has set its FY 2026 guidance at EPS. Q2 2026 guidance at 0.230-0.250 EPS.

EXTR has been the subject of several other reports. Weiss Ratings restated a “sell (d-)” rating on shares of Extreme Networks in a research note on Friday. Rosenblatt Securities reissued a “buy” rating and issued a $25.00 price objective on shares of Extreme Networks in a research report on Thursday. UBS Group raised their target price on Extreme Networks from $15.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Oppenheimer raised Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 price target for the company in a report on Thursday. Finally, Lake Street Capital upgraded Extreme Networks from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Thursday, August 7th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Extreme Networks presently has a consensus rating of “Moderate Buy” and an average price target of $23.80.

Extreme Networks Stock Up 2.7%

Shares of NASDAQ:EXTR opened at $19.02 on Monday. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 271.71, a price-to-earnings-growth ratio of 1.89 and a beta of 1.81. The company has a 50 day moving average of $21.04 and a two-hundred day moving average of $18.25. Extreme Networks has a 52-week low of $10.10 and a 52-week high of $22.89. The company has a quick ratio of 0.74, a current ratio of 0.91 and a debt-to-equity ratio of 2.32.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership raised its stake in Extreme Networks by 3,302.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,460,851 shares of the technology company’s stock worth $44,172,000 after acquiring an additional 2,388,527 shares during the period. Nuveen LLC bought a new stake in shares of Extreme Networks in the 1st quarter worth approximately $14,147,000. Millennium Management LLC lifted its holdings in shares of Extreme Networks by 163.0% in the 1st quarter. Millennium Management LLC now owns 1,260,362 shares of the technology company’s stock worth $16,675,000 after purchasing an additional 781,103 shares during the last quarter. Trigran Investments Inc. boosted its holdings in shares of Extreme Networks by 30.3% during the first quarter. Trigran Investments Inc. now owns 3,106,446 shares of the technology company’s stock valued at $41,098,000 after acquiring an additional 722,121 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in Extreme Networks in the 2nd quarter worth about $11,265,000. 91.05% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Extreme Networks

In other Extreme Networks news, Director Raj Khanna sold 15,000 shares of Extreme Networks stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $19.91, for a total value of $298,650.00. Following the completion of the transaction, the director owned 216,708 shares of the company’s stock, valued at $4,314,656.28. The trade was a 6.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Kevin R. Rhodes sold 14,000 shares of the business’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $21.52, for a total transaction of $301,280.00. Following the sale, the chief financial officer owned 126,202 shares of the company’s stock, valued at approximately $2,715,867.04. The trade was a 9.99% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 68,000 shares of company stock worth $1,401,460. 3.60% of the stock is currently owned by corporate insiders.

Extreme Networks Company Profile

Extreme Networks, Inc delivers cloud-driven networking solutions that leverage the powers of machine learning, artificial intelligence, analytics, and automation.
The company designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security, and access controls.