Extreme Networks, Inc. (NASDAQ:EXTR) Stock Has Consensus Price Target of $32.25 According to Brokerages

Shares of Extreme Networks, Inc. (NASDAQ:EXTR) have earned a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $32.25.

Several equities research analysts have recently issued reports on EXTR shares. Craig Hallum restated a “buy” rating and issued a $31.00 price objective on shares of Extreme Networks in a research note on Thursday, August 6th. Lake Street Capital upped their target price on shares of Extreme Networks from $25.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, June 15th. Oppenheimer reissued an “outperform” rating on shares of Extreme Networks in a report on Thursday, August 6th. 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 research report on Wednesday, August 5th. Finally, Weiss Ratings upgraded shares of Extreme Networks from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, August 31st.

Extreme Networks Price Performance

Shares of NASDAQ:EXTR opened at $21.52 on Friday. The business has a 50 day moving average price of $24.49 and a 200 day moving average price of $23.82. Extreme Networks has a twelve month low of $13.48 and a twelve month high of $33.73. The company has a market cap of $2.84 billion, a price-to-earnings ratio of 69.42, a PEG ratio of 1.42 and a beta of 1.76. The company has a quick ratio of 0.81, a current ratio of 0.93 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 (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $332.49 million. During the same quarter last year, the firm posted $0.25 EPS. The company’s revenue 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. Research analysts predict that Extreme Networks will post 0.75 earnings per share for the current year.

Insider Transactions at Extreme Networks

In other Extreme Networks news, CEO Edward Meyercord sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $29.79, for a total value of $1,489,500.00. Following the completion of the sale, the chief executive officer owned 1,596,475 shares in the company, valued at approximately $47,558,990.25. This trade represents a 3.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevin R. Rhodes sold 21,825 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $22.30, for a total value of $486,697.50. Following the completion of the sale, the chief financial officer owned 196,803 shares of the company’s stock, valued at $4,388,706.90. This represents a 9.98% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. BlackRock Inc. bought a new position in Extreme Networks in the second quarter worth $674,661,000. Paradigm Capital Management Inc. NY increased its holdings in Extreme Networks by 5.3% in the 1st quarter. Paradigm Capital Management Inc. NY now owns 5,234,900 shares of the technology company’s stock valued at $78,942,000 after buying an additional 262,400 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Extreme Networks by 7.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,247,680 shares of the technology company’s stock valued at $48,975,000 after buying an additional 230,617 shares in the last quarter. Southernsun Asset Management LLC raised its stake in shares of Extreme Networks by 16.6% in the 1st quarter. Southernsun Asset Management LLC now owns 2,297,933 shares of the technology company’s stock valued at $34,653,000 after buying an additional 327,047 shares in the last quarter. Finally, Trigran Investments Inc. lifted its holdings in shares of Extreme Networks by 4.2% during the 4th quarter. Trigran Investments Inc. now owns 2,285,391 shares of the technology company’s stock worth $38,052,000 after acquiring an additional 92,990 shares during the period. 91.05% of the stock is currently owned by institutional investors and hedge funds.

Extreme Networks Company Profile

Extreme Networks, Inc (NASDAQ: EXTR) provides cloud-driven networking solutions for enterprises and organizations. Its portfolio includes wired and wireless network infrastructure, Ethernet switches, wireless access points, routers, network management software, analytics, and security tools designed to help customers build, monitor, and operate modern networks.

The company’s cloud networking offerings include ExtremeCloud IQ, a platform for managing and analyzing network environments across distributed locations.