Extreme Networks, Inc. (NASDAQ:EXTR) Receives $22.92 Average Target Price from Analysts

by · The Markets Daily

Shares of Extreme Networks, Inc. (NASDAQ:EXTR – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are 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 five have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $23.80.

Several equities research analysts have recently commented on the company. Needham & Company LLC upped their price target on Extreme Networks from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Rosenblatt Securities restated a “buy” rating and set a $25.00 price target on shares of Extreme Networks in a research note on Thursday. UBS Group upped their price target on Extreme Networks from $15.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Lake Street Capital upgraded Extreme Networks from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Thursday, August 7th. Finally, Oppenheimer raised Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 price objective on the stock in a report on Thursday.

Get Our Latest Report on Extreme Networks

Extreme Networks Price Performance

Extreme Networks stock opened at $19.02 on Thursday. Extreme Networks has a 12 month low of $10.10 and a 12 month high of $22.89. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.91 and a quick ratio of 0.74. The business has a 50 day simple moving average of $21.04 and a 200-day simple moving average of $18.21. The stock has a market capitalization of $2.54 billion, a PE ratio of 271.71, a price-to-earnings-growth ratio of 1.89 and a beta of 1.81.

Extreme Networks (NASDAQ:EXTR – Get Free Report) last released its quarterly earnings results on Wednesday, October 29th. The technology company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. Extreme Networks had a return on equity of 81.83% and a net margin of 0.73%.The business had revenue of $310.25 million during the quarter, compared to analysts’ expectations of $295.72 million. During the same quarter in the prior year, the business earned $0.17 earnings per share. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. Extreme Networks has set its FY 2026 guidance at EPS. Q2 2026 guidance at 0.230-0.250 EPS. Equities analysts predict that Extreme Networks will post 0.31 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Kevin R. Rhodes sold 14,000 shares of the company’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $21.52, for a total transaction of $301,280.00. Following the transaction, the chief financial officer owned 126,202 shares of the company’s stock, valued at $2,715,867.04. This represents a 9.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Edward H. Kennedy sold 25,000 shares of the company’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $20.01, for a total value of $500,250.00. Following the transaction, the director directly owned 612,691 shares in the company, valued at $12,259,946.91. This represents a 3.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 68,000 shares of company stock valued at $1,401,460 over the last quarter. Company insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of EXTR. Arrowstreet Capital Limited Partnership grew its holdings 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 worth $44,172,000 after acquiring an additional 2,388,527 shares during the period. Nuveen LLC acquired a new stake in Extreme Networks in the first quarter valued at $14,147,000. Millennium Management LLC grew its holdings in Extreme Networks by 163.0% in 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 during the last quarter. Trigran Investments Inc. grew its holdings in Extreme Networks by 30.3% in the first quarter. Trigran Investments Inc. now owns 3,106,446 shares of the technology company’s stock valued at $41,098,000 after purchasing an additional 722,121 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in Extreme Networks in the second quarter valued at $11,265,000. Institutional investors and hedge funds own 91.05% of the company’s stock.

Extreme Networks Company Profile

(Get Free Report)

Extreme Networks, Inc delivers cloud-driven networking solutions that leverage the powers of machine learning, artificial intelligence, analytics, and automation.
The company designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security, and access controls.

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