Extreme Networks’ (EXTR) “Buy” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Extreme Networks (NASDAQ:EXTR) in a report issued on Wednesday morning,Benzinga reports. They currently have a $24.00 price objective on the technology company’s stock.

A number of other equities analysts also recently issued reports on EXTR. UBS Group lifted their price objective 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. Weiss Ratings reiterated a “sell (d-)” rating on shares of Extreme Networks in a research note on Friday, October 31st. Oppenheimer upgraded Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 target price on the stock in a research note on Thursday, October 30th. B. Riley reaffirmed a “buy” rating on shares of Extreme Networks in a report on Thursday, October 30th. Finally, Lake Street Capital raised Extreme Networks from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Thursday, August 7th. Five investment 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’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $23.80.

Extreme Networks Stock Down 3.4%

EXTR traded down $0.62 during midday trading on Wednesday, reaching $17.65. 1,450,473 shares of the company were exchanged, compared to its average volume of 1,383,845. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 252.17, a price-to-earnings-growth ratio of 1.89 and a beta of 1.82. Extreme Networks has a one year low of $10.10 and a one year high of $22.89. The company’s fifty day moving average price is $20.47 and its 200 day moving average price is $18.55. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.74 and a current ratio of 0.91.

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

Insider Activity

In other Extreme Networks news, CFO Kevin R. Rhodes sold 14,000 shares of the stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $21.52, for a total transaction of $301,280.00. Following the completion of the transaction, the chief financial officer owned 126,202 shares in the company, valued at $2,715,867.04. This trade represents a 9.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Raj Khanna sold 15,000 shares of Extreme Networks stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $19.91, for a total transaction of $298,650.00. Following the completion of the transaction, the director owned 216,708 shares of the company’s stock, valued at $4,314,656.28. The trade was a 6.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 43,000 shares of company stock worth $901,210. Insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Extreme Networks

A number of hedge funds and other institutional investors have recently bought and sold shares of EXTR. CWM LLC raised its position in Extreme Networks by 44.8% during the 3rd 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. Envestnet Asset Management Inc. raised 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 acquiring an additional 683 shares in the last quarter. Arizona State Retirement System lifted its stake in Extreme Networks by 1.8% in the third quarter. Arizona State Retirement System now owns 39,405 shares of the technology company’s stock worth $814,000 after acquiring an additional 685 shares during the period. Police & Firemen s Retirement System of New Jersey boosted its holdings in Extreme Networks by 3.3% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 29,356 shares of the technology company’s stock valued at $527,000 after acquiring an additional 934 shares in the last quarter. Finally, Vestcor Inc increased its position in Extreme Networks by 4.6% during the 1st quarter. Vestcor Inc now owns 22,462 shares of the technology company’s stock valued at $297,000 after purchasing an additional 988 shares during the period. Institutional investors own 91.05% of the company’s stock.

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.