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

Shares of Extreme Networks, Inc. (NASDAQ:EXTR) have been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $22.6667.

A number of equities analysts have commented on the stock. Wall Street Zen raised shares of Extreme Networks from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 28th. Weiss Ratings cut shares of Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 17th. Rosenblatt Securities reaffirmed a “buy” rating and set a $25.00 price objective on shares of Extreme Networks in a report on Thursday, January 29th. Needham & Company LLC cut 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, UBS Group reissued a “neutral” rating and issued a $17.00 target price on shares of Extreme Networks in a research note on Thursday, January 29th.

Extreme Networks Price Performance

Shares of NASDAQ EXTR opened at $15.26 on Friday. The stock’s 50-day simple moving average is $14.67 and its two-hundred day simple moving average is $17.23. Extreme Networks has a twelve month low of $10.10 and a twelve month high of $22.89. The firm has a market capitalization of $2.05 billion, a P/E ratio of 218.03, a P/E/G ratio of 1.64 and a beta of 1.67. The company has a quick ratio of 0.80, a current ratio of 0.95 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. The firm had revenue of $317.93 million during 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%.The company’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter last 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. As a group, equities analysts anticipate that Extreme Networks will post 0.31 EPS for the current fiscal year.

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 transaction of $745,500.00. Following the transaction, the chief executive officer directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.60% of the company’s stock.

Institutional Trading of Extreme Networks

A number of hedge funds have recently bought and sold shares of EXTR. Arrowstreet Capital Limited Partnership grew its position in Extreme Networks by 3,302.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,460,851 shares of the technology company’s stock valued at $44,172,000 after acquiring an additional 2,388,527 shares during the last quarter. Alyeska Investment Group L.P. lifted its holdings in shares of Extreme Networks by 301.9% in the 4th quarter. Alyeska Investment Group L.P. now owns 2,971,718 shares of the technology company’s stock worth $49,479,000 after acquiring an additional 2,232,373 shares during the last quarter. Jain Global LLC purchased a new stake in shares of Extreme Networks in the 4th quarter valued at $17,361,000. Millennium Management LLC boosted its stake 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 valued at $16,675,000 after purchasing an additional 781,103 shares in the last quarter. Finally, Southernsun Asset Management LLC grew its holdings in shares of Extreme Networks by 46.9% during 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 purchasing an additional 629,486 shares during the last quarter. 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.