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

Shares of Extreme Networks, Inc. (NASDAQ:EXTR) have been given a consensus recommendation of “Moderate Buy” by the nine analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $32.25.

EXTR has been the topic of several recent analyst reports. Bank of America increased their price objective on shares of Extreme Networks from $28.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Lake Street Capital upped their price target on shares of Extreme Networks from $25.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, June 15th. Weiss Ratings downgraded shares of Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, August 17th. Needham & Company LLC decreased their price target on shares of Extreme Networks from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, August 5th. Finally, Oppenheimer reissued an “outperform” rating on shares of Extreme Networks in a research note on Thursday, August 6th.

Insider Buying and Selling

In related news, CFO Kevin R. Rhodes sold 35,000 shares of Extreme Networks stock in a transaction 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 transaction, the chief financial officer owned 151,296 shares in the company, valued at approximately $4,603,937.28. This trade represents a 18.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Katayoun Motiey sold 30,000 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $31.03, for a total value of $930,900.00. Following the sale, the insider directly owned 120,834 shares of the company’s stock, valued at approximately $3,749,479.02. This trade represents a 19.89% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 144,325 shares of company stock valued at $4,197,148. 3.60% of the stock is currently owned by company insiders.

Institutional Trading of Extreme Networks

Institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new stake in Extreme Networks during the 2nd quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd acquired a new position in Extreme Networks during the third quarter valued at approximately $31,000. Rockefeller Capital Management L.P. lifted its position in Extreme Networks by 313.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,957 shares of the technology company’s stock valued at $33,000 after buying an additional 1,484 shares in the last quarter. Nykredit A S purchased a new stake in Extreme Networks during the second quarter worth approximately $48,000. Finally, CWM LLC grew its stake 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 buying an additional 1,084 shares during the period. Hedge funds and other institutional investors own 91.05% of the company’s stock.

Extreme Networks Stock Performance

Extreme Networks stock opened at $21.78 on Wednesday. The firm has a market capitalization of $2.84 billion, a P/E ratio of 70.26, a PEG ratio of 1.48 and a beta of 1.76. The stock has a fifty day moving average price of $27.90 and a 200 day moving average price of $22.90. Extreme Networks has a 52 week low of $13.48 and a 52 week high of $33.73. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.63.

Extreme Networks (NASDAQ:EXTR) last released its earnings results on Wednesday, August 5th. The technology company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.03. Extreme Networks had a return on equity of 88.88% and a net margin of 3.28%.The firm had revenue of $338.55 million for the quarter, compared to the consensus estimate of $332.49 million. During the same period in the prior year, the business posted $0.25 earnings per share. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. 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. Equities research analysts anticipate that Extreme Networks will post 0.75 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.