Rosenblatt Securities Lowers Extreme Networks (NASDAQ:EXTR) Price Target to $38.00

Extreme Networks (NASDAQ:EXTR) had its price target lowered by Rosenblatt Securities from $39.00 to $38.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Rosenblatt Securities’ target price would indicate a potential upside of 45.09% from the stock’s previous close.

A number of other research firms have also issued reports on EXTR. Weiss Ratings upgraded Extreme Networks from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, July 6th. B. Riley Financial reiterated a “buy” rating on shares of Extreme Networks in a report on Thursday, April 30th. Bank of America upped their price target on Extreme Networks from $28.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, June 8th. UBS Group set a $28.00 price objective on Extreme Networks in a research report on Thursday, April 30th. Finally, Lake Street Capital upped their target price on Extreme Networks from $25.00 to $34.00 and gave the company a “buy” rating in a report on Monday, June 15th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $32.17.

Extreme Networks Trading Down 19.0%

Shares of EXTR opened at $26.19 on Thursday. The business’s 50-day moving average price is $30.36 and its 200 day moving average price is $21.80. 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 has a market capitalization of $3.43 billion, a P/E 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.

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

Insider Buying and Selling at Extreme Networks

In related news, CFO Kevin R. Rhodes sold 35,000 shares of the business’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 value of $1,065,050.00. Following the completion of the sale, the chief financial officer directly owned 151,296 shares in the company, valued at approximately $4,603,937.28. The trade was a 18.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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. Over the last ninety days, insiders sold 422,182 shares of company stock valued at $11,905,205. Corporate insiders own 3.60% of the company’s stock.

Institutional Trading of Extreme Networks

Hedge funds have recently added to or reduced their stakes in the business. First Bank & Trust raised its holdings in shares of Extreme Networks by 2.4% during the 2nd quarter. First Bank & Trust now owns 13,191 shares of the technology company’s stock worth $427,000 after buying an additional 306 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Extreme Networks by 13.2% in the second quarter. GAMMA Investing LLC now owns 4,001 shares of the technology company’s stock valued at $130,000 after buying an additional 465 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Extreme Networks by 3.1% in the third quarter. Envestnet Asset Management Inc. now owns 22,783 shares of the technology company’s stock valued at $470,000 after acquiring an additional 683 shares during the last quarter. ProShare Advisors LLC raised its holdings in Extreme Networks by 3.0% during the 4th quarter. ProShare Advisors LLC now owns 25,609 shares of the technology company’s stock worth $426,000 after purchasing an additional 735 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Extreme Networks by 7.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,001 shares of the technology company’s stock worth $166,000 after purchasing an additional 735 shares during the last quarter. Institutional investors own 91.05% of the company’s stock.

Key Extreme Networks News

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

• Positive Sentiment: Extreme Networks reported fiscal Q4 adjusted earnings of $0.32 per share, exceeding the $0.29 analyst consensus and improving from $0.25 a year earlier. Revenue rose 10.3% year over year to $338.55 million, also ahead of the $332.49 million estimate. Extreme Networks Q4 Earnings and Revenues Beat Estimates
• Positive Sentiment: Management’s fiscal 2027 outlook calls for EPS of $1.28–$1.33, above the $1.21 consensus. First-quarter fiscal 2027 EPS guidance of $0.27–$0.29 and revenue guidance of $334 million–$339 million likewise exceed analyst expectations, signaling continued earnings momentum. Extreme Networks Reports Fourth Quarter and Fiscal Year 2026 Financial Results
• Neutral Sentiment: Needham lowered its price target from $38 to $35 but maintained a Buy rating. The revised target still implies substantial upside from recent trading levels, although the cut may pressure the stock in the short term. Extreme Networks Price Target Lowered at Needham
• Negative Sentiment: CEO Edward Meyercord sold 50,000 shares for approximately $1.49 million, reducing his direct ownership by 3.04%. The transaction occurred under a pre-arranged Rule 10b5-1 plan, which makes it less indicative of a discretionary bearish view but can still weigh on investor sentiment. Extreme Networks CEO Sells 50,000 Shares
• Negative Sentiment: At roughly $3.4 billion in market value, EXTR trades at a very high reported P/E ratio, while its quick and current ratios remain below 1. Investors may be taking profits or demanding stronger evidence that the projected growth justifies the company’s valuation and balance-sheet risk.

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.