Extreme Networks, Inc. (NASDAQ:EXTR) Receives $22.67 Consensus Price Target from Analysts

Extreme Networks, Inc. (NASDAQ:EXTR) has received a consensus rating of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $22.6667.

A number of equities analysts have weighed in on the company. Rosenblatt Securities reissued a “buy” rating and set a $25.00 price objective on shares of Extreme Networks in a research note on Thursday, January 29th. Weiss Ratings downgraded Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, February 17th. Wall Street Zen upgraded Extreme Networks from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 28th. UBS Group reissued a “neutral” rating and set a $17.00 price target on shares of Extreme Networks in a research report on Thursday, January 29th. Finally, Needham & Company LLC dropped their price objective on shares of Extreme Networks from $24.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, January 29th.

Extreme Networks Stock Up 1.1%

EXTR stock opened at $15.36 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 1.61. The firm has a 50-day moving average of $14.66 and a two-hundred day moving average of $17.07. Extreme Networks has a 12 month low of $10.10 and a 12 month high of $22.89. The company has a market cap of $2.06 billion, a price-to-earnings ratio of 219.46, a PEG ratio of 1.64 and a beta of 1.62.

Extreme Networks (NASDAQ:EXTR) last issued its earnings results on Wednesday, January 28th. The technology company reported $0.26 earnings per share for the quarter, topping the consensus estimate 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 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 firm 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, analysts forecast that Extreme Networks will post 0.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Edward Meyercord sold 50,000 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $15.30, for a total value of $765,000.00. Following the completion of the sale, the chief executive officer owned 1,897,270 shares of the company’s stock, valued at $29,028,231. This represents a 2.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.60% of the stock is owned by insiders.

Institutional Trading of Extreme Networks

Several institutional investors have recently made changes to their positions in EXTR. Arrowstreet Capital Limited Partnership raised its position in Extreme Networks by 3,302.5% in 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 purchasing an additional 2,388,527 shares during the period. Alyeska Investment Group L.P. lifted its stake 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 valued at $49,479,000 after purchasing an additional 2,232,373 shares during the last quarter. Jain Global LLC purchased a new position in shares of Extreme Networks during the 4th quarter worth $17,361,000. Millennium Management LLC grew its holdings in shares of Extreme Networks by 163.0% during the 1st quarter. Millennium Management LLC now owns 1,260,362 shares of the technology company’s stock worth $16,675,000 after purchasing an additional 781,103 shares during the period. Finally, Southernsun Asset Management LLC increased its position 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 worth $32,815,000 after purchasing an additional 629,486 shares during the last quarter. 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.