Extreme Networks (NASDAQ:EXTR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Extreme Networks (NASDAQ:EXTR) from a buy rating to a strong-buy rating in a research note published on Friday.

Other analysts have also issued research reports about the company. B. Riley reissued a “buy” rating on shares of Extreme Networks in a report on Thursday, October 30th. Rosenblatt Securities reissued a “buy” rating and issued a $25.00 price objective on shares of Extreme Networks in a research note on Tuesday, November 11th. Bank of America began coverage on shares of Extreme Networks in a research report on Wednesday, November 19th. They set a “buy” rating and a $24.00 target price for the company. Oppenheimer upgraded shares of Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 price target on the stock in a research report on Thursday, October 30th. Finally, UBS Group raised their price objective on shares of Extreme Networks from $15.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $23.83.

Extreme Networks Trading Up 0.1%

Shares of Extreme Networks stock opened at $17.50 on Friday. The company has a 50-day moving average of $19.26 and a two-hundred day moving average of $18.82. Extreme Networks has a 12-month low of $10.10 and a 12-month high of $22.89. The company has a current ratio of 0.91, a quick ratio of 0.74 and a debt-to-equity ratio of 2.32. The stock has a market cap of $2.34 billion, a PE ratio of 250.00, a price-to-earnings-growth ratio of 1.89 and a beta of 1.82.

Extreme Networks (NASDAQ:EXTR) last announced 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 for the quarter, compared to analyst estimates of $295.72 million. During the same quarter in the previous year, the company earned $0.17 EPS. The company’s quarterly revenue was up 15.2% on a year-over-year basis. Extreme Networks has set its FY 2026 guidance at EPS. Q2 2026 guidance at 0.230-0.250 EPS. On average, research analysts anticipate that Extreme Networks will post 0.31 EPS for the current fiscal year.

Institutional Trading of Extreme Networks

Institutional investors and hedge funds have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership lifted 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 buying an additional 2,388,527 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Extreme Networks in the first quarter worth $14,147,000. Millennium Management LLC raised 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 acquiring an additional 781,103 shares during the period. Trigran Investments Inc. lifted its holdings in shares of Extreme Networks by 30.3% during the 1st quarter. Trigran Investments Inc. now owns 3,106,446 shares of the technology company’s stock valued at $41,098,000 after acquiring an additional 722,121 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in Extreme Networks during the 2nd quarter worth $11,265,000. Institutional investors and hedge funds own 91.05% of the company’s stock.

Extreme Networks Company Profile

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.