Extreme Networks (NASDAQ:EXTR) Price Target Lowered to $21.00 at Needham & Company LLC

Extreme Networks (NASDAQ:EXTR) had its target price lowered by Needham & Company LLC from $24.00 to $21.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

Several other equities analysts have also recently commented on EXTR. Oppenheimer raised shares of Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 price objective for the company in a research note on Thursday, October 30th. B. Riley reaffirmed a “buy” rating on shares of Extreme Networks in a research note on Thursday, October 30th. Bank of America started coverage on shares of Extreme Networks in a report on Wednesday, November 19th. They set a “buy” rating and a $24.00 price target for the company. Wall Street Zen raised shares of Extreme Networks from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 25th. Finally, Rosenblatt Securities restated a “buy” rating and set a $25.00 target price on shares of Extreme Networks in a report on Thursday. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $22.67.

Extreme Networks Price Performance

Shares of NASDAQ EXTR opened at $14.37 on Thursday. The stock’s 50 day moving average price is $16.55 and its 200-day moving average price is $18.65. The company has a quick ratio of 0.75, a current ratio of 0.95 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $1.92 billion, a PE ratio of 205.32, a PEG ratio of 1.67 and a beta of 1.64. Extreme Networks has a twelve month low of $10.10 and a twelve month high of $22.89.

Extreme Networks (NASDAQ:EXTR) last posted its quarterly earnings results on Wednesday, January 28th. The technology company reported $0.26 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $312.33 million. During the same quarter in the prior year, the business earned $0.21 earnings per share. The firm’s revenue for the quarter 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. On average, equities analysts anticipate that Extreme Networks will post 0.31 EPS for the current year.

Insider Buying and Selling

In related news, CEO Edward Meyercord sold 50,000 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $16.54, for a total transaction 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in EXTR. Royal Bank of Canada increased its stake in shares of Extreme Networks by 20.8% in the first quarter. Royal Bank of Canada now owns 73,610 shares of the technology company’s stock worth $974,000 after purchasing an additional 12,667 shares in the last quarter. AQR Capital Management LLC grew its holdings in Extreme Networks by 6.6% during the 1st quarter. AQR Capital Management LLC now owns 34,375 shares of the technology company’s stock valued at $455,000 after buying an additional 2,122 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Extreme Networks by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,723 shares of the technology company’s stock valued at $1,015,000 after purchasing an additional 3,349 shares in the last quarter. Millennium Management LLC increased 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 buying an additional 781,103 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Extreme Networks by 7.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 319,434 shares of the technology company’s stock worth $4,226,000 after acquiring an additional 22,209 shares during the last quarter. 91.05% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Extreme Networks

Here are the key news stories impacting Extreme Networks this week:

• Positive Sentiment: Q2 results beat consensus: EXTR reported $0.26 EPS vs. $0.24 est. and revenue of $317.9M (up 13.8% YoY), with management citing platform bookings that outpaced plan — a core reason for the upside reaction to the quarter. Business Wire: Q2 Results
• Positive Sentiment: Raised forward guidance: company set FY26 EPS guidance of $0.98–$1.02 (well above consensus) and Q3 EPS guidance above street expectations, supporting a more constructive earnings outlook. Slide Deck / Press Release
• Positive Sentiment: Management projects ~11% revenue growth for fiscal 2026 and is emphasizing its AI-driven Extreme Platform ONE and market-share gains — a longer-term growth narrative that could support re-rating if execution continues. Seeking Alpha: FY26 Growth Projection
• Positive Sentiment: Rosenblatt reaffirmed a Buy rating with a $25 price target, signaling continued analyst conviction at some firms. Benzinga: Rosenblatt
• Neutral Sentiment: Company scheduled investor conferences in Feb–Mar 2026 — gives management additional forums to detail AI strategy, bookings cadence and margin progression (helpful for clarity but not an immediate catalyst). Business Wire: Investor Conferences
• Neutral Sentiment: Coverage and transcripts are available (earnings call and slide deck), which investors can review for product cadence and margin details that will matter to future quarters. Seeking Alpha: Call Transcript
• Negative Sentiment: Needham cut its price target from $24 to $21 (but kept a Buy rating), which may cap near-term upside and contributed to some selling pressure despite the beat. Benzinga: Needham

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.