Wall Street Zen Downgrades Extreme Networks (NASDAQ:EXTR) to Buy

Extreme Networks (NASDAQ:EXTR) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Monday.

EXTR has been the subject of several other reports. Needham & Company LLC lowered their target price 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. Bank of America initiated coverage on Extreme Networks in a research note on Wednesday, November 19th. They set a “buy” rating and a $24.00 price objective for the company. Oppenheimer raised Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 target price on the stock in a report on Thursday, October 30th. B. Riley reissued a “buy” rating on shares of Extreme Networks in a research note on Thursday, October 30th. Finally, Weiss Ratings raised Extreme Networks from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Extreme Networks currently has a consensus rating of “Moderate Buy” and an average target price of $22.67.

Extreme Networks Price Performance

Shares of EXTR stock opened at $14.89 on Monday. The business’s fifty day moving average is $16.40 and its 200 day moving average is $18.62. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 1.61. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 212.74, a PEG ratio of 1.59 and a beta of 1.68. Extreme Networks has a twelve month low of $10.10 and a twelve month high of $22.89.

Extreme Networks (NASDAQ:EXTR) last announced its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. The business had revenue of $317.93 million during the quarter, compared to analyst estimates 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 firm posted $0.21 earnings per share. 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. Research analysts expect 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 business’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $14.91, for a total value of $745,500.00. Following the completion of the transaction, the chief executive officer owned 1,871,418 shares in the company, valued at $27,902,842.38. The trade was a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders sold 150,000 shares of company stock valued at $2,445,500. 3.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Extreme Networks

Several large investors have recently bought and sold shares of EXTR. Salomon & Ludwin LLC purchased a new position in Extreme Networks in the 3rd quarter worth about $27,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Extreme Networks in the third quarter worth approximately $31,000. CWM LLC raised its holdings in shares of Extreme Networks by 44.8% during the third quarter. CWM LLC now owns 2,095 shares of the technology company’s stock valued at $43,000 after purchasing an additional 648 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Extreme Networks by 85.4% during the third quarter. Farther Finance Advisors LLC now owns 2,201 shares of the technology company’s stock valued at $45,000 after purchasing an additional 1,014 shares during the period. Finally, Quarry LP lifted its position in Extreme Networks by 74.9% during the third quarter. Quarry LP now owns 2,610 shares of the technology company’s stock valued at $54,000 after purchasing an additional 1,118 shares during the period. 91.05% of the stock is currently owned by institutional investors.

Extreme Networks Company Profile

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.