Extreme Networks (NASDAQ:EXTR) Raised to Strong-Buy at Wall Street Zen

Extreme Networks (NASDAQ:EXTR) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Sunday.

EXTR has been the topic of several other research reports. B. Riley restated a “buy” rating on shares of Extreme Networks in a research note on Thursday, October 30th. Bank of America assumed coverage on Extreme Networks in a research report on Wednesday, November 19th. They set a “buy” rating and a $24.00 price target on the stock. Needham & Company LLC restated a “buy” rating and set a $24.00 price objective on shares of Extreme Networks in a research note on Monday, November 24th. 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, Rosenblatt Securities restated a “buy” rating and issued a $25.00 price target on shares of Extreme Networks in a research report on Tuesday, November 11th. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $23.83.

Extreme Networks Trading Down 2.9%

EXTR opened at $14.75 on Friday. Extreme Networks has a 12-month low of $10.10 and a 12-month 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. The stock has a market capitalization of $1.97 billion, a PE ratio of 210.71, a P/E/G ratio of 1.64 and a beta of 1.64. The firm’s fifty day moving average price is $16.72 and its 200 day moving average price is $18.74.

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

Insider Buying and Selling at Extreme Networks

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

Institutional Investors Weigh In On Extreme Networks

A number of hedge funds have recently made changes to their positions in EXTR. Salomon & Ludwin LLC acquired a new position in shares of Extreme Networks during the third quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd bought a new stake in Extreme Networks during the 3rd quarter valued at $31,000. CWM LLC boosted its position in Extreme Networks by 44.8% during the 3rd quarter. CWM LLC now owns 2,095 shares of the technology company’s stock worth $43,000 after acquiring an additional 648 shares during the period. Farther Finance Advisors LLC grew its stake in shares of 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 purchasing an additional 1,014 shares in the last quarter. Finally, Quarry LP grew its stake in shares of Extreme Networks by 74.9% in the third quarter. Quarry LP now owns 2,610 shares of the technology company’s stock worth $54,000 after purchasing an additional 1,118 shares in the last quarter. Institutional investors own 91.05% of the company’s stock.

About Extreme Networks

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.