Extreme Networks’ (EXTR) “Buy” Rating Reaffirmed at Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of Extreme Networks (NASDAQ:EXTR) in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has a $25.00 price target on the technology company’s stock.

EXTR has been the topic of a number of other research reports. Lake Street Capital raised shares of Extreme Networks from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Thursday, August 7th. UBS Group raised their price target on shares of Extreme Networks from $15.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Oppenheimer raised Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 price target on the stock in a report on Thursday, October 30th. B. Riley restated a “buy” rating on shares of Extreme Networks in a research report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Extreme Networks in a research note on Friday, October 31st. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.80.

Extreme Networks Trading Down 2.1%

Shares of NASDAQ EXTR opened at $17.54 on Tuesday. 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 $2.35 billion, a price-to-earnings ratio of 250.57, a price-to-earnings-growth ratio of 1.89 and a beta of 1.82. 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’s 50 day simple moving average is $20.54 and its 200 day simple moving average is $18.55.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings data on Wednesday, October 29th. The technology company reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. The firm had revenue of $310.25 million during the quarter, compared to the consensus estimate of $295.72 million. Extreme Networks had a return on equity of 81.83% and a net margin of 0.73%.The firm’s revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.17 EPS. Extreme Networks has set its FY 2026 guidance at EPS. Q2 2026 guidance at 0.230-0.250 EPS. Equities research analysts expect that Extreme Networks will post 0.31 EPS for the current year.

Insider Activity at Extreme Networks

In other Extreme Networks news, CFO Kevin R. Rhodes sold 14,000 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The stock was 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 directly owned 126,202 shares in the company, valued at $2,715,867.04. This represents a 9.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Raj Khanna sold 15,000 shares of Extreme Networks stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $19.91, for a total value of $298,650.00. Following the transaction, the director owned 216,708 shares in the company, valued at approximately $4,314,656.28. This trade represents a 6.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 43,000 shares of company stock worth $901,210. 3.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Extreme Networks

Several large investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership grew its stake in shares of Extreme Networks by 3,302.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,460,851 shares of the technology company’s stock worth $44,172,000 after purchasing an additional 2,388,527 shares during the last quarter. Nuveen LLC bought a new stake in Extreme Networks during the first quarter worth approximately $14,147,000. Millennium Management LLC grew its position in Extreme Networks by 163.0% in the first quarter. Millennium Management LLC now owns 1,260,362 shares of the technology company’s stock worth $16,675,000 after buying an additional 781,103 shares during the last quarter. Trigran Investments Inc. grew its position in Extreme Networks by 30.3% in the first quarter. Trigran Investments Inc. now owns 3,106,446 shares of the technology company’s stock worth $41,098,000 after buying an additional 722,121 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Extreme Networks in the second quarter valued at $11,265,000. Institutional investors own 91.05% of the company’s stock.

About Extreme Networks

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.