Extreme Networks, Inc. (NASDAQ:EXTR) Receives $29.33 Consensus Target Price from Analysts

Extreme Networks, Inc. (NASDAQ:EXTR) has received an average recommendation of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $30.8333.

EXTR has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Extreme Networks from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 24th. Rosenblatt Securities increased their target price on shares of Extreme Networks from $29.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Bank of America increased their target price on shares of Extreme Networks from $28.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Lake Street Capital increased their target price on shares of Extreme Networks from $25.00 to $34.00 and gave the stock a “buy” rating in a report on Monday. Finally, Needham & Company LLC increased their target price on shares of Extreme Networks from $21.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, April 30th.

Insider Buying and Selling at Extreme Networks

In other Extreme Networks news, Director Kathleen M. Holmgren sold 19,521 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $24.78, for a total transaction of $483,730.38. Following the sale, the director directly owned 219,308 shares in the company, valued at $5,434,452.24. This represents a 8.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Katayoun Motiey sold 30,000 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was 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 approximately $3,749,479.02. This trade represents a 19.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 642,182 shares of company stock valued at $16,188,978 in the last quarter. Corporate insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Extreme Networks

A number of hedge funds have recently added to or reduced their stakes in the business. Alyeska Investment Group L.P. increased its position in shares of Extreme Networks by 301.9% in the 4th quarter. Alyeska Investment Group L.P. now owns 2,971,718 shares of the technology company’s stock valued at $49,479,000 after purchasing an additional 2,232,373 shares during the last quarter. Jain Global LLC purchased a new stake in shares of Extreme Networks in the 4th quarter valued at approximately $17,361,000. SEB Asset Management AB purchased a new stake in shares of Extreme Networks in the 1st quarter valued at approximately $12,192,000. Millennium Management LLC increased its position in shares of Extreme Networks by 163.0% in the 1st quarter. Millennium Management LLC now owns 1,260,362 shares of the technology company’s stock valued at $16,675,000 after purchasing an additional 781,103 shares during the last quarter. Finally, Glenmede Trust Co. NA purchased a new stake in shares of Extreme Networks in the 1st quarter valued at approximately $10,129,000. 91.05% of the stock is currently owned by institutional investors and hedge funds.

Extreme Networks Stock Performance

Shares of EXTR stock opened at $31.51 on Friday. The firm’s 50 day moving average price is $23.23 and its 200-day moving average price is $18.27. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.78 and a current ratio of 0.91. Extreme Networks has a one year low of $13.48 and a one year high of $32.21. The firm has a market cap of $4.12 billion, a P/E ratio of 262.58, a P/E/G ratio of 2.99 and a beta of 1.81.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.26 EPS for the quarter, topping 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 firm had revenue of $316.87 million for the quarter, compared to analyst estimates of $311.48 million. During the same period in the prior year, the business posted $0.21 EPS. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. As a group, equities research analysts predict that Extreme Networks will post 0.53 EPS for the current year.

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.