Extreme Networks (NASDAQ:EXTR) Given New $34.00 Price Target at B. Riley Financial

Extreme Networks (NASDAQ:EXTR) had its target price hoisted by research analysts at B. Riley Financial from $28.00 to $34.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. B. Riley Financial’s target price indicates a potential upside of 35.84% from the stock’s current price.

Other equities analysts have also issued reports about the company. Bank of America upped their target price on Extreme Networks from $28.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Lake Street Capital raised their price target on Extreme Networks from $25.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. Weiss Ratings upgraded Extreme Networks from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, July 6th. Rosenblatt Securities dropped their price objective on shares of Extreme Networks from $39.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Needham & Company LLC cut their price objective on shares of Extreme Networks from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $32.43.

Extreme Networks Price Performance

EXTR stock traded down $1.16 on Thursday, reaching $25.03. The company had a trading volume of 252,490 shares, compared to its average volume of 2,070,596. The company’s fifty day moving average is $30.36 and its 200 day moving average is $21.80. The company has a market cap of $3.27 billion, a P/E ratio of 208.58, a PEG ratio of 1.99 and a beta of 1.79. 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 1 year low of $13.48 and a 1 year high of $33.73.

Extreme Networks (NASDAQ:EXTR) last released its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. The company had revenue of $338.55 million during the quarter, compared to analysts’ expectations of $332.49 million. Extreme Networks had a return on equity of 81.88% and a net margin of 1.30%.The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.25 earnings per share. 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, research analysts forecast that Extreme Networks will post 0.53 earnings per share for the current year.

Insider Activity at Extreme Networks

In related news, CEO Edward Meyercord sold 50,000 shares of Extreme Networks stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $29.79, for a total value of $1,489,500.00. Following the completion of the sale, the chief executive officer owned 1,596,475 shares in the company, valued at approximately $47,558,990.25. The trade was a 3.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Katayoun Motiey sold 30,000 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $31.03, for a total transaction of $930,900.00. Following the completion of the sale, the insider directly owned 120,834 shares in the company, valued at $3,749,479.02. This represents a 19.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 422,182 shares of company stock worth $11,905,205 over the last three months. 3.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Extreme Networks

Several institutional investors have recently modified their holdings of EXTR. Caitong International Asset Management Co. Ltd bought a new position in shares of Extreme Networks in the third quarter valued at approximately $31,000. Rockefeller Capital Management L.P. raised its stake in shares of Extreme Networks by 313.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,957 shares of the technology company’s stock worth $33,000 after buying an additional 1,484 shares in the last quarter. Quarry LP lifted its holdings in shares of Extreme Networks by 74.9% in the third quarter. Quarry LP now owns 2,610 shares of the technology company’s stock valued at $54,000 after buying an additional 1,118 shares during the period. CWM LLC grew its holdings in Extreme Networks by 51.7% during the fourth quarter. CWM LLC now owns 3,179 shares of the technology company’s stock worth $53,000 after acquiring an additional 1,084 shares during the period. Finally, Advisors Asset Management Inc. raised its position in Extreme Networks by 136.8% in the fourth quarter. Advisors Asset Management Inc. now owns 3,221 shares of the technology company’s stock worth $54,000 after acquiring an additional 1,861 shares in the last quarter. Institutional investors own 91.05% of the company’s stock.

More Extreme Networks News

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

• Positive Sentiment: Fourth-quarter results beat expectations: Extreme Networks reported adjusted earnings of $0.32 per share versus the $0.29 consensus estimate, while revenue of $338.55 million exceeded expectations of $332.49 million. Revenue increased 10.3% year over year, and EPS rose from $0.25 in the prior-year quarter. Extreme Networks Q4 Earnings and Revenues Beat Estimates
• Positive Sentiment: Fiscal 2027 outlook topped EPS expectations: Management forecast first-quarter EPS of $0.27–$0.29 and revenue of $334 million–$339 million, both ahead of consensus. Full-year EPS guidance of $1.28–$1.33 also exceeded the $1.21 analyst estimate, although full-year revenue guidance was broadly in line with expectations. Extreme Networks Reports Fiscal 2026 Results
• Neutral Sentiment: Analysts remain constructive but trimmed targets: Needham reduced its target from $38 to $35 and Rosenblatt lowered its target from $39 to $38; both retained Buy ratings. The target cuts may signal more limited near-term upside after the earnings release.
• Negative Sentiment: Valuation and profitability remain concerns: Extreme Networks trades at a high earnings multiple, while its reported net margin was only 1.30%. Investors may be demanding stronger growth or profitability to support the valuation.
• Negative Sentiment: CEO share sale adds pressure: CEO Edward Meyercord sold 50,000 shares worth approximately $1.49 million, reducing his direct stake by 3.04%. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, which reduces its significance as a discretionary bearish signal, but it can still weigh on sentiment. Extreme Networks CEO Sells 50,000 Shares

About Extreme Networks

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.