Extreme Networks, Inc. (NASDAQ:EXTR) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Extreme Networks, Inc. (NASDAQ:EXTR) have been assigned an average rating of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $30.8333.

Several research analysts have issued reports on EXTR shares. Wall Street Zen raised Extreme Networks from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 24th. Lake Street Capital lifted their target price on Extreme Networks from $25.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, June 15th. Rosenblatt Securities boosted their target price on Extreme Networks from $29.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. B. Riley Financial reaffirmed a “buy” rating on shares of Extreme Networks in a report on Thursday, April 30th. Finally, Needham & Company LLC increased their price target on Extreme Networks from $21.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, April 30th.

Insider Activity

In other news, insider Katayoun Motiey sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $31.03, for a total transaction of $930,900.00. Following the sale, the insider owned 120,834 shares in the company, valued at $3,749,479.02. The trade was a 19.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kevin R. Rhodes sold 35,000 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $30.43, for a total transaction of $1,065,050.00. Following the completion of the sale, the chief financial officer owned 151,296 shares of the company’s stock, valued at approximately $4,603,937.28. This trade represents a 18.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 592,182 shares of company stock valued at $15,423,978 over the last ninety days. Corporate insiders own 3.60% of the company’s stock.

Institutional Trading of Extreme Networks

A number of hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. grew its holdings in shares of Extreme Networks by 3.1% during the third quarter. Envestnet Asset Management Inc. now owns 22,783 shares of the technology company’s stock valued at $470,000 after buying an additional 683 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of Extreme Networks by 3.0% in the 4th quarter. ProShare Advisors LLC now owns 25,609 shares of the technology company’s stock valued at $426,000 after purchasing an additional 735 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Extreme Networks by 7.2% during the first quarter. PNC Financial Services Group Inc. now owns 11,001 shares of the technology company’s stock worth $166,000 after purchasing an additional 735 shares during the period. Oregon Public Employees Retirement Fund grew its position in Extreme Networks by 3.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 30,633 shares of the technology company’s stock valued at $510,000 after purchasing an additional 900 shares in the last quarter. Finally, CWM LLC increased its stake in Extreme Networks by 51.7% in the 4th quarter. CWM LLC now owns 3,179 shares of the technology company’s stock valued at $53,000 after buying an additional 1,084 shares during the period. Hedge funds and other institutional investors own 91.05% of the company’s stock.

Extreme Networks Price Performance

NASDAQ:EXTR traded down $0.76 during mid-day trading on Tuesday, reaching $30.57. 121,725 shares of the stock were exchanged, compared to its average volume of 2,102,650. The company has a current ratio of 0.91, a quick ratio of 0.78 and a debt-to-equity ratio of 1.89. The business has a fifty day moving average price of $27.12 and a 200 day moving average price of $19.63. Extreme Networks has a 1-year low of $13.48 and a 1-year high of $33.10. The firm has a market capitalization of $4.00 billion, a PE ratio of 254.73, a PEG ratio of 1.83 and a beta of 1.77.

Extreme Networks (NASDAQ:EXTR) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. Extreme Networks had a net margin of 1.30% and a return on equity of 81.88%. The company had revenue of $316.87 million during the quarter, compared to analyst estimates of $311.48 million. During the same quarter last year, the firm posted $0.21 EPS. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. Research analysts expect that Extreme Networks will post 0.53 earnings per share for the current fiscal year.

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.