Extreme Networks (NASDAQ:EXTR) Given “Buy” Rating at Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of Extreme Networks (NASDAQ:EXTR) in a research note released on Thursday,Benzinga reports. Rosenblatt Securities currently has a $25.00 price target on the technology company’s stock.

A number of other research firms have also recently commented on EXTR. Needham & Company LLC reissued a “buy” rating and issued a $24.00 target price 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 research note on Friday, January 16th. B. Riley restated a “buy” rating on shares of Extreme Networks in a research note on Thursday, October 30th. Oppenheimer raised shares of Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 target price for the company in a report on Thursday, October 30th. Finally, Bank of America began coverage on shares of Extreme Networks in a report on Wednesday, November 19th. They set a “buy” rating and a $24.00 price target on the stock. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Extreme Networks currently has an average rating of “Moderate Buy” and a consensus price target of $22.67.

Extreme Networks Price Performance

Shares of EXTR opened at $14.37 on Thursday. Extreme Networks has a fifty-two week low of $10.10 and a fifty-two week high of $22.89. The firm’s 50-day simple moving average is $16.55 and its two-hundred day simple moving average is $18.65. The stock has a market cap of $1.92 billion, a PE ratio of 205.32, a price-to-earnings-growth ratio of 1.67 and a beta of 1.64. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.75 and a current ratio of 0.95.

Extreme Networks (NASDAQ:EXTR) last released its earnings results on Wednesday, January 28th. The technology company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02. The firm had revenue of $317.93 million during the quarter, compared to analyst estimates of $312.33 million. Extreme Networks had a net margin of 0.75% and a return on equity of 75.56%. The business’s revenue was up 13.8% on a year-over-year basis. During the same period last year, the business earned $0.21 earnings per share. 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. Analysts anticipate that Extreme Networks will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Extreme Networks

In other news, CEO Edward Meyercord sold 50,000 shares of the firm’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $16.54, for a total value of $827,000.00. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is available at this link. 3.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership grew its stake in shares of Extreme Networks by 3,302.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,460,851 shares of the technology company’s stock valued at $44,172,000 after purchasing an additional 2,388,527 shares during the period. Millennium Management LLC grew its position in Extreme Networks by 163.0% during the first quarter. Millennium Management LLC now owns 1,260,362 shares of the technology company’s stock valued at $16,675,000 after buying an additional 781,103 shares during the period. Cubist Systematic Strategies LLC bought a new stake in Extreme Networks during the second quarter valued at approximately $11,265,000. American Century Companies Inc. increased its holdings in Extreme Networks by 21.7% during the second quarter. American Century Companies Inc. now owns 3,494,851 shares of the technology company’s stock valued at $62,733,000 after buying an additional 622,953 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its position in Extreme Networks by 181.9% in the third quarter. Qube Research & Technologies Ltd now owns 959,444 shares of the technology company’s stock worth $19,813,000 after acquiring an additional 619,154 shares during the period. Institutional investors own 91.05% of the company’s stock.

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.