Extreme Networks, Inc. (NASDAQ:EXTR) Given Average Rating of “Moderate Buy” by Brokerages

Extreme Networks, Inc. (NASDAQ:EXTR) has been assigned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $23.8333.

Several research firms have recently commented on EXTR. Weiss Ratings reissued a “hold (c-)” rating on shares of Extreme Networks in a research note on Monday, December 29th. Bank of America assumed coverage on Extreme Networks in a research note on Wednesday, November 19th. They set a “buy” rating and a $24.00 price target on the stock. Oppenheimer upgraded 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. Needham & Company LLC reaffirmed a “buy” rating and issued a $24.00 target price on shares of Extreme Networks in a research note on Monday, November 24th. Finally, Wall Street Zen upgraded shares of Extreme Networks from a “buy” rating to a “strong-buy” rating in a report on Friday, November 28th.

Extreme Networks Stock Performance

Extreme Networks stock opened at $15.60 on Tuesday. The firm has a market capitalization of $2.09 billion, a P/E ratio of 222.86, a P/E/G ratio of 1.73 and a beta of 1.64. The stock has a fifty day moving average price of $17.10 and a two-hundred day moving average price of $18.92. Extreme Networks has a 52-week low of $10.10 and a 52-week high of $22.89. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.91 and a quick ratio of 0.75.

Extreme Networks (NASDAQ:EXTR) last released its quarterly earnings results on Wednesday, October 29th. The technology company reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. Extreme Networks had a return on equity of 81.83% and a net margin of 0.73%.The firm had revenue of $310.25 million during the quarter, compared to analysts’ expectations of $295.72 million. During the same period last year, the firm posted $0.17 EPS. The business’s revenue was up 15.2% on a year-over-year basis. Extreme Networks has set its Q2 2026 guidance at 0.230-0.250 EPS. As a group, analysts anticipate that Extreme Networks will post 0.31 EPS for the current fiscal year.

Insider Activity at Extreme Networks

In related news, CEO Edward Meyercord sold 50,000 shares of the company’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $16.54, for a total value of $827,000.00. Following the completion of the sale, the chief executive officer owned 1,871,418 shares in the company, valued at approximately $30,953,253.72. This represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Extreme Networks

Several hedge funds have recently bought and sold shares of the company. CWM LLC increased its position in shares of Extreme Networks by 44.8% in the 3rd quarter. CWM LLC now owns 2,095 shares of the technology company’s stock valued at $43,000 after buying an additional 648 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Extreme Networks by 3.1% during the third quarter. Envestnet Asset Management Inc. now owns 22,783 shares of the technology company’s stock worth $470,000 after purchasing an additional 683 shares during the period. Arizona State Retirement System lifted its holdings in shares of Extreme Networks by 1.8% during the 3rd quarter. Arizona State Retirement System now owns 39,405 shares of the technology company’s stock valued at $814,000 after purchasing an additional 685 shares in the last quarter. Police & Firemen s Retirement System of New Jersey grew its position in shares of Extreme Networks by 3.3% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 29,356 shares of the technology company’s stock valued at $527,000 after purchasing an additional 934 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings 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. 91.05% of the stock is currently owned by institutional investors and hedge funds.

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.