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

Shares of Extreme Networks, Inc. (NASDAQ:EXTR) have earned an average rating of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $22.6667.

Several brokerages recently weighed in on EXTR. Weiss Ratings raised shares of Extreme Networks from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, January 30th. Needham & Company LLC dropped their price objective on shares of Extreme Networks from $24.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, January 29th. Rosenblatt Securities reaffirmed a “buy” rating and set a $25.00 price objective on shares of Extreme Networks in a research report on Thursday, January 29th. UBS Group reiterated a “neutral” rating and set a $17.00 target price on shares of Extreme Networks in a research note on Thursday, January 29th. Finally, B. Riley Financial reissued a “buy” rating on shares of Extreme Networks in a report on Thursday, October 30th.

Insider Activity at Extreme Networks

In other news, CEO Edward Meyercord sold 50,000 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $14.91, for a total value of $745,500.00. Following the transaction, the chief executive officer owned 1,871,418 shares in the company, valued at approximately $27,902,842.38. This represents a 2.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders sold 150,000 shares of company stock valued at $2,445,500. Corporate insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On Extreme Networks

Several hedge funds have recently added to or reduced their stakes in EXTR. Salomon & Ludwin LLC purchased a new stake in shares of Extreme Networks during the 3rd quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in Extreme Networks during the 3rd quarter worth $31,000. CWM LLC raised its stake 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 in the last quarter. Farther Finance Advisors LLC lifted its position in Extreme Networks by 85.4% in the third quarter. Farther Finance Advisors LLC now owns 2,201 shares of the technology company’s stock valued at $45,000 after acquiring an additional 1,014 shares during the last quarter. Finally, Quarry LP boosted its stake in Extreme Networks by 74.9% in the third quarter. Quarry LP now owns 2,610 shares of the technology company’s stock valued at $54,000 after acquiring an additional 1,118 shares in the last quarter. 91.05% of the stock is currently owned by hedge funds and other institutional investors.

Extreme Networks Stock Up 1.2%

Shares of NASDAQ EXTR opened at $15.24 on Friday. The stock has a market cap of $2.05 billion, a P/E ratio of 217.75, a PEG ratio of 1.62 and a beta of 1.68. The business’s fifty day simple moving average is $16.25 and its 200-day simple moving average is $18.55. Extreme Networks has a 12-month low of $10.10 and a 12-month high of $22.89. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 1.61.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings results on Wednesday, January 28th. The technology company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.02. The company had revenue of $317.93 million for the quarter, compared to the consensus estimate of $312.33 million. Extreme Networks had a return on equity of 75.56% and a net margin of 0.75%.Extreme Networks’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.21 EPS. 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. As a group, equities analysts predict that Extreme Networks will post 0.31 EPS for the current fiscal year.

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.