Extreme Networks, Inc. (NASDAQ:EXTR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Extreme Networks, Inc. (NASDAQ:EXTR) has been given a consensus recommendation of “Moderate Buy” by the eight research firms that are covering the company, Marketbeat Ratings reports. One equities research 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 brokers that have updated their coverage on the stock in the last year is $25.50.

Several research firms have recently weighed in on EXTR. Lake Street Capital reissued a “buy” rating and set a $25.00 price target on shares of Extreme Networks in a report on Thursday, April 30th. B. Riley Financial reissued a “buy” rating on shares of Extreme Networks in a report on Thursday, April 30th. Rosenblatt Securities reissued a “buy” rating and set a $25.00 price target on shares of Extreme Networks in a report on Thursday, January 29th. Weiss Ratings cut Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 15th. Finally, Wall Street Zen cut Extreme Networks from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th.

Insider Buying and Selling

In related news, Director Raj Khanna sold 10,000 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $23.20, for a total value of $232,000.00. Following the transaction, the director directly owned 210,062 shares of the company’s stock, valued at approximately $4,873,438.40. This trade represents a 4.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Edward Meyercord sold 78,791 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $23.06, for a total value of $1,816,920.46. Following the completion of the transaction, the chief executive officer directly owned 1,818,479 shares in the company, valued at approximately $41,934,125.74. This represents a 4.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 297,182 shares of company stock worth $6,448,528 in the last quarter. Company insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On Extreme Networks

A number of institutional investors have recently bought and sold shares of EXTR. Caitong International Asset Management Co. Ltd bought a new position in Extreme Networks in the 3rd quarter worth $31,000. Rockefeller Capital Management L.P. raised its holdings in 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 purchasing an additional 1,484 shares during the period. CWM LLC raised its holdings in Extreme Networks by 44.8% in the 3rd quarter. CWM LLC now owns 2,095 shares of the technology company’s stock worth $43,000 after purchasing an additional 648 shares during the period. Quarry LP raised its holdings in Extreme Networks by 74.9% in 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 period. Finally, Advisors Asset Management Inc. raised its holdings in Extreme Networks by 136.8% in the 4th quarter. Advisors Asset Management Inc. now owns 3,221 shares of the technology company’s stock worth $54,000 after purchasing an additional 1,861 shares during the period. 91.05% of the stock is owned by institutional investors.

Extreme Networks Price Performance

NASDAQ EXTR opened at $25.60 on Monday. The business’s fifty day moving average price is $18.58 and its 200-day moving average price is $16.93. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 213.33, a PEG ratio of 2.26 and a beta of 1.77. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.91 and a quick ratio of 0.78. Extreme Networks has a 1-year low of $13.48 and a 1-year high of $25.84.

Extreme Networks (NASDAQ:EXTR) last released its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. The firm had revenue of $316.87 million for the quarter, compared to analysts’ expectations of $311.48 million. Extreme Networks had a return on equity of 81.88% and a net margin of 1.30%.The company’s revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 EPS. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. On average, equities analysts predict that Extreme Networks will post 0.53 earnings per share for the current year.

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.