Analysts Set Extreme Networks, Inc. (NASDAQ:EXTR) Price Target at $23.83

Extreme Networks, Inc. (NASDAQ:EXTR) has received an average rating of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat 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 1 year target price among analysts that have issued a report on the stock in the last year is $23.8333.

Several equities analysts recently commented on EXTR shares. Needham & Company LLC restated a “buy” rating and set a $24.00 target price on shares of Extreme Networks in a research report on Monday, November 24th. Weiss Ratings cut shares of Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. Wall Street Zen lowered shares of Extreme Networks from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Bank of America initiated coverage on shares of Extreme Networks in a research note on Wednesday, November 19th. They issued a “buy” rating and a $24.00 price target for the company. Finally, B. Riley restated a “buy” rating on shares of Extreme Networks in a research report on Thursday, October 30th.

Extreme Networks Price Performance

Shares of NASDAQ:EXTR opened at $15.96 on Tuesday. The company has a 50 day moving average of $16.98 and a 200 day moving average of $18.85. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 2.32. The stock has a market cap of $2.13 billion, a P/E ratio of 228.00, a P/E/G ratio of 1.77 and a beta of 1.64. Extreme Networks has a 12 month low of $10.10 and a 12 month high of $22.89.

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

Insider Transactions at Extreme Networks

In other news, CEO Edward Meyercord sold 50,000 shares of the company’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $16.54, for a total value of $827,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,871,418 shares in the company, valued at approximately $30,953,253.72. This represents a 2.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Extreme Networks

Large investors have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. lifted its position in Extreme Networks by 18.3% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 822,706 shares of the technology company’s stock valued at $14,768,000 after acquiring an additional 126,972 shares during the period. Focus Partners Wealth grew its holdings in Extreme Networks by 25.3% in the first quarter. Focus Partners Wealth now owns 324,736 shares of the technology company’s stock worth $4,296,000 after purchasing an additional 65,535 shares during the period. Centurion Wealth Management LLC purchased a new stake in Extreme Networks in the second quarter worth about $395,000. Y Intercept Hong Kong Ltd bought a new position in shares of Extreme Networks during the second quarter valued at approximately $1,300,000. Finally, Mirador Capital Partners LP lifted its holdings in shares of Extreme Networks by 6.7% during the second quarter. Mirador Capital Partners LP now owns 405,202 shares of the technology company’s stock valued at $7,273,000 after purchasing an additional 25,307 shares during the last quarter. 91.05% of the stock is owned by hedge funds and other institutional investors.

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.