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

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

EXTR has been the subject of a number of other reports. Rosenblatt Securities reissued a “buy” rating and issued a $25.00 price objective on shares of Extreme Networks in a report on Thursday, January 29th. UBS Group reissued a “neutral” rating and issued a $17.00 price target on shares of Extreme Networks in a research note on Thursday, January 29th. Weiss Ratings cut shares of Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, February 17th. Needham & Company LLC decreased their target price on shares of Extreme Networks from $24.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, January 29th. Finally, Bank of America started coverage on shares of Extreme Networks in a research report on Wednesday, November 19th. They set a “buy” rating and a $24.00 price target on the stock. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $22.67.

Extreme Networks Stock Performance

EXTR stock opened at $13.98 on Friday. Extreme Networks has a 1 year low of $10.10 and a 1 year high of $22.89. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 199.74, a PEG ratio of 1.51 and a beta of 1.68. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.80 and a current ratio of 0.95. The stock’s fifty day moving average is $15.36 and its two-hundred day moving average is $18.13.

Extreme Networks (NASDAQ:EXTR) last released its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The business had revenue of $317.93 million for the quarter, compared to analysts’ expectations of $312.33 million. Extreme Networks had a net margin of 0.75% and a return on equity of 75.56%. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter last year, the company 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. On average, research analysts predict that Extreme Networks will post 0.31 EPS for the current year.

Insider Buying and Selling at Extreme Networks

In related news, CEO Edward Meyercord sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $14.91, for a total value of $745,500.00. Following the sale, the chief executive officer directly owned 1,871,418 shares in the company, valued at $27,902,842.38. The trade was a 2.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership boosted its position in 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 worth $44,172,000 after acquiring an additional 2,388,527 shares during the period. Alyeska Investment Group L.P. boosted its holdings in shares of Extreme Networks by 301.9% during the fourth quarter. Alyeska Investment Group L.P. now owns 2,971,718 shares of the technology company’s stock worth $49,479,000 after purchasing an additional 2,232,373 shares during the period. Jain Global LLC purchased a new position in Extreme Networks during the fourth quarter valued at approximately $17,361,000. 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 purchasing an additional 781,103 shares in the last quarter. Finally, Southernsun Asset Management LLC increased its stake in Extreme Networks by 46.9% in the 4th quarter. Southernsun Asset Management LLC now owns 1,970,886 shares of the technology company’s stock valued at $32,815,000 after buying an additional 629,486 shares during the period. 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.