Extreme Networks, Inc. (NASDAQ:EXTR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Extreme Networks, Inc. (NASDAQ:EXTR) has been given a consensus recommendation of “Moderate Buy” by the eight research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $22.6667.

EXTR has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Extreme Networks from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Bank of America started coverage on shares of Extreme Networks in a report on Wednesday, November 19th. They issued a “buy” rating and a $24.00 price target on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $25.00 price target on shares of Extreme Networks in a research report on Thursday, January 29th. Weiss Ratings cut Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 17th. Finally, Needham & Company LLC reduced their target price on Extreme Networks from $24.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, January 29th.

Extreme Networks Stock Down 0.4%

Extreme Networks stock opened at $14.19 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 1.61. The firm has a market cap of $1.91 billion, a P/E ratio of 202.74, a P/E/G ratio of 1.53 and a beta of 1.67. The business has a fifty day moving average of $15.26 and a two-hundred day moving average of $18.02. Extreme Networks has a twelve month low of $10.10 and a twelve month high of $22.89.

Extreme Networks (NASDAQ:EXTR) last released its quarterly earnings results on Wednesday, January 28th. The technology company reported $0.26 EPS for the quarter, topping 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 return on equity of 75.56% and a net margin of 0.75%.The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the previous year, the company posted $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, analysts forecast 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 company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $14.91, for a total transaction of $745,500.00. Following the transaction, the chief executive officer owned 1,871,418 shares in the company, valued at $27,902,842.38. This represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 3.60% of the company’s stock.

Institutional Trading of Extreme Networks

Several large investors have recently bought and sold shares of the stock. Salomon & Ludwin LLC purchased a new position in shares of Extreme Networks in the third quarter worth $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in Extreme Networks during the 3rd quarter worth about $31,000. CWM LLC grew 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 valued at $43,000 after purchasing an additional 648 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Extreme Networks by 85.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,201 shares of the technology company’s stock valued at $45,000 after purchasing an additional 1,014 shares during the last quarter. Finally, Quarry LP increased its holdings 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 valued at $54,000 after purchasing an additional 1,118 shares during the period. Hedge funds and other 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.