Q3 EPS Estimate for Extreme Networks Decreased by Analyst

Extreme Networks, Inc. (NASDAQ:EXTR) – Investment analysts at B. Riley dropped their Q3 2026 earnings per share estimates for Extreme Networks in a research report issued to clients and investors on Thursday, May 1st. B. Riley analyst D. Kang now forecasts that the technology company will earn $0.12 per share for the quarter, down from their prior forecast of $0.13. The consensus estimate for Extreme Networks’ current full-year earnings is $0.31 per share.

Other equities research analysts also recently issued research reports about the company. UBS Group dropped their price objective on Extreme Networks from $16.50 to $15.00 and set a “neutral” rating on the stock in a research report on Thursday, May 1st. Needham & Company LLC restated a “buy” rating and issued a $20.00 price target on shares of Extreme Networks in a report on Wednesday, April 30th. Lake Street Capital decreased their target price on shares of Extreme Networks from $16.00 to $15.00 and set a “hold” rating for the company in a research report on Thursday, May 1st. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $18.00 price objective on shares of Extreme Networks in a report on Thursday, May 1st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $18.58.

Extreme Networks Price Performance

NASDAQ EXTR opened at $14.19 on Monday. Extreme Networks has a 52-week low of $10.10 and a 52-week high of $19.24. The firm’s 50 day moving average price is $13.30 and its 200-day moving average price is $15.34. The company has a market cap of $1.89 billion, a PE ratio of -15.10, a P/E/G ratio of 3.06 and a beta of 1.67. The company has a debt-to-equity ratio of 3.34, a quick ratio of 0.68 and a current ratio of 0.93.

Extreme Networks (NASDAQ:EXTR) last released its earnings results on Wednesday, April 30th. The technology company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The business had revenue of $284.51 million for the quarter, compared to analyst estimates of $280.32 million. Extreme Networks had a negative return on equity of 110.86% and a negative net margin of 11.98%. The business’s revenue was up 34.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.19) earnings per share.

Institutional Investors Weigh In On Extreme Networks

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its stake in shares of Extreme Networks by 27.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 21,543 shares of the technology company’s stock valued at $361,000 after purchasing an additional 4,610 shares during the period. Barclays PLC boosted its stake in shares of Extreme Networks by 369.8% during the 3rd quarter. Barclays PLC now owns 217,875 shares of the technology company’s stock worth $3,274,000 after acquiring an additional 171,500 shares in the last quarter. Essex Investment Management Co. LLC purchased a new position in shares of Extreme Networks in the 4th quarter valued at about $2,599,000. Geode Capital Management LLC raised its holdings in Extreme Networks by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 3,068,854 shares of the technology company’s stock worth $51,385,000 after purchasing an additional 49,888 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Extreme Networks by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 17,919,069 shares of the technology company’s stock valued at $299,965,000 after buying an additional 690,262 shares in the last quarter. 91.05% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Extreme Networks

In other news, CEO Edward Meyercord sold 35,725 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $13.73, for a total value of $490,504.25. Following the sale, the chief executive officer now owns 1,510,719 shares in the company, valued at $20,742,171.87. This represents a 2.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.70% of the stock is owned by insiders.

Extreme Networks declared that its board has authorized a share buyback program on Tuesday, February 18th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the technology company to purchase up to 9.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

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.