Brokerages Set Extreme Networks, Inc. (NASDAQ:EXTR) Price Target at $32.83

Extreme Networks, Inc. (NASDAQ:EXTR) has earned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $32.3333.

A number of brokerages have commented on EXTR. Rosenblatt Securities boosted their target price on Extreme Networks from $29.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. UBS Group set a $28.00 price objective on Extreme Networks in a report on Thursday, April 30th. Bank of America lifted their target price on shares of Extreme Networks from $28.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Weiss Ratings upgraded shares of Extreme Networks from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, July 6th. Finally, Needham & Company LLC reduced their price objective on shares of Extreme Networks from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday.

Insider Buying and Selling

In other Extreme Networks news, CFO Kevin R. Rhodes sold 35,000 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $30.43, for a total transaction of $1,065,050.00. Following the completion of the sale, the chief financial officer owned 151,296 shares of the company’s stock, valued at $4,603,937.28. This represents a 18.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kathleen M. Holmgren sold 19,521 shares of Extreme Networks 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 completion of the transaction, the director directly owned 219,308 shares in the company, valued at approximately $5,434,452.24. This represents a 8.17% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 422,182 shares of company stock worth $11,905,205. Insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new stake in Extreme Networks during the third quarter valued at about $31,000. Rockefeller Capital Management L.P. lifted its position in shares of Extreme Networks by 313.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,957 shares of the technology company’s stock worth $33,000 after purchasing an additional 1,484 shares during the last quarter. Quarry LP lifted its position in shares of Extreme Networks by 74.9% during the 3rd quarter. Quarry LP now owns 2,610 shares of the technology company’s stock worth $54,000 after purchasing an additional 1,118 shares during the last quarter. CWM LLC boosted its stake in Extreme Networks by 51.7% during the 4th quarter. CWM LLC now owns 3,179 shares of the technology company’s stock valued at $53,000 after purchasing an additional 1,084 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in Extreme Networks by 136.8% during the 4th quarter. Advisors Asset Management Inc. now owns 3,221 shares of the technology company’s stock valued at $54,000 after purchasing an additional 1,861 shares during the period. 91.05% of the stock is currently owned by institutional investors and hedge funds.

Extreme Networks Stock Performance

Shares of EXTR stock opened at $26.19 on Friday. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of 218.25, a P/E/G ratio of 1.99 and a beta of 1.79. Extreme Networks has a 1-year low of $13.48 and a 1-year high of $33.73. The company has a current ratio of 0.91, a quick ratio of 0.78 and a debt-to-equity ratio of 1.89. The stock’s fifty day simple moving average is $30.36 and its 200-day simple moving average is $21.80.

Extreme Networks (NASDAQ:EXTR) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.03. The firm had revenue of $338.55 million for the quarter, compared to analyst estimates of $332.49 million. Extreme Networks had a net margin of 1.30% and a return on equity of 81.88%. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 EPS. Extreme Networks has set its FY 2027 guidance at 1.280-1.330 EPS and its Q1 2027 guidance at 0.270-0.290 EPS. On average, sell-side analysts predict that Extreme Networks will post 0.53 earnings per share for the current fiscal year.

Key Extreme Networks News

Here are the key news stories impacting Extreme Networks this week:

• Positive Sentiment: Extreme Networks reported fourth-quarter adjusted earnings of $0.32 per share, exceeding the $0.29 consensus estimate and rising from $0.25 a year earlier. Revenue of $338.55 million also surpassed expectations of $332.49 million and increased 10.3% year over year. Extreme Networks Q4 Earnings and Revenues Beat Estimates
• Positive Sentiment: Management’s first-quarter fiscal 2027 outlook was stronger than consensus, calling for earnings of $0.27-$0.29 per share versus $0.26 expected and revenue of $334 million-$339 million versus $332.3 million. Full-year EPS guidance of $1.28-$1.33 also exceeded the $1.21 analyst consensus.
• Positive Sentiment: Needham lowered its price target to $35 from $38 but maintained a “buy” rating, implying substantial potential upside from the recent trading level. The broader analyst consensus remains “Moderate Buy,” with an average target of $32.83. Benzinga
• Neutral Sentiment: CEO Edward Meyercord sold 50,000 shares for approximately $1.49 million, reducing his direct ownership by 3.04%. The transaction was executed under a pre-arranged Rule 10b5-1 plan, which reduces its significance as a current bearish signal. Extreme Networks CEO Insider Sale
• Negative Sentiment: The stock’s reaction suggests investors may have expected an even stronger outlook or are locking in gains after a sharp run-up. Extreme Networks also trades at a high earnings multiple, leaving the shares vulnerable to disappointment despite the quarterly beat.
• Negative Sentiment: Needham’s target reduction from $38 to $35 introduces a more cautious valuation signal, even though the firm retained its buy rating.

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.