B. Riley Decreases Earnings Estimates for Extreme Networks

Extreme Networks, Inc. (NASDAQ:EXTR) – Stock analysts at B. Riley reduced their Q3 2026 EPS estimates for Extreme Networks in a research report issued on Wednesday, October 29th. B. Riley analyst D. Kang now forecasts that the technology company will post earnings per share of $0.10 for the quarter, down from their previous forecast of $0.12. B. Riley currently has a “Buy” rating on the stock. The consensus estimate for Extreme Networks’ current full-year earnings is $0.31 per share. B. Riley also issued estimates for Extreme Networks’ Q4 2026 earnings at $0.15 EPS, Q1 2027 earnings at $0.14 EPS, Q2 2027 earnings at $0.18 EPS, Q3 2027 earnings at $0.16 EPS, Q4 2027 earnings at $0.23 EPS and FY2027 earnings at $0.70 EPS.

Extreme Networks (NASDAQ:EXTR) last posted its quarterly earnings data on Wednesday, October 29th. The technology company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The business had revenue of $310.25 million during the quarter, compared to analysts’ expectations of $295.72 million. Extreme Networks had a net margin of 0.73% and a return on equity of 81.83%. The business’s revenue was up 15.2% on a year-over-year basis. During the same period last year, the firm posted $0.17 earnings per share. Extreme Networks has set its FY 2026 guidance at EPS. Q2 2026 guidance at 0.230-0.250 EPS.

A number of other analysts have also recently weighed in on the stock. Rosenblatt Securities restated a “buy” rating and set a $25.00 target price on shares of Extreme Networks in a report on Thursday, October 30th. Oppenheimer upgraded shares of Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 target price for the company in a report on Thursday, October 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Extreme Networks in a report on Friday. Needham & Company LLC raised their target price on shares of Extreme Networks from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Finally, UBS Group raised their target price on shares of Extreme Networks from $15.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Extreme Networks presently has a consensus rating of “Moderate Buy” and an average target price of $23.80.

Extreme Networks Trading Down 1.3%

Extreme Networks stock opened at $18.78 on Monday. The stock has a market capitalization of $2.51 billion, a PE ratio of 268.29, a price-to-earnings-growth ratio of 1.89 and a beta of 1.81. 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 firm has a 50 day simple moving average of $21.00 and a 200-day simple moving average of $18.30.

Institutional Investors Weigh In On Extreme Networks

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC purchased a new stake in Extreme Networks in the 3rd quarter worth approximately $27,000. CWM LLC lifted its position in Extreme Networks by 44.8% in the 3rd quarter. CWM LLC now owns 2,095 shares of the technology company’s stock worth $43,000 after buying an additional 648 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Extreme Networks by 85.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,201 shares of the technology company’s stock worth $45,000 after buying an additional 1,014 shares in the last quarter. GAMMA Investing LLC lifted its position in Extreme Networks by 105.6% in the 1st quarter. GAMMA Investing LLC now owns 3,170 shares of the technology company’s stock worth $42,000 after buying an additional 1,628 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Extreme Networks in the 3rd quarter worth approximately $70,000. Hedge funds and other institutional investors own 91.05% of the company’s stock.

Insider Activity at Extreme Networks

In related news, CFO Kevin R. Rhodes sold 14,000 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $21.52, for a total value of $301,280.00. Following the completion of the sale, the chief financial officer owned 126,202 shares in the company, valued at approximately $2,715,867.04. This represents a 9.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raj Khanna sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $19.91, for a total transaction of $298,650.00. Following the completion of the sale, the director owned 216,708 shares of the company’s stock, valued at approximately $4,314,656.28. This trade represents a 6.47% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 68,000 shares of company stock worth $1,401,460. 3.60% of the stock is owned by corporate insiders.

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.