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

Shares of Extreme Networks, Inc. (NASDAQ:EXTR) have earned an average rating of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $23.8333.

Several research analysts have commented on EXTR shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Extreme Networks in a research report on Monday, December 29th. Wall Street Zen upgraded Extreme Networks from a “buy” rating to a “strong-buy” rating in a report on Friday, November 28th. Needham & Company LLC reissued a “buy” rating and set a $24.00 price target on shares of Extreme Networks in a research report on Monday, November 24th. Oppenheimer raised shares of Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 price objective for the company in a research report on Thursday, October 30th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $25.00 price objective on shares of Extreme Networks in a research note on Tuesday, November 11th.

Extreme Networks Trading Up 0.2%

NASDAQ EXTR opened at $16.09 on Tuesday. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 229.86, a PEG ratio of 1.78 and a beta of 1.64. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.75 and a current ratio of 0.91. Extreme Networks has a one year low of $10.10 and a one year high of $22.89. The company’s 50 day moving average price is $17.00 and its 200 day moving average price is $18.87.

Extreme Networks (NASDAQ:EXTR) last released its quarterly earnings data 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 company had revenue of $310.25 million during the quarter, compared to analyst estimates of $295.72 million. Extreme Networks had a net margin of 0.73% and a return on equity of 81.83%. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.17 earnings per share. Extreme Networks has set its Q2 2026 guidance at 0.230-0.250 EPS. On average, sell-side analysts predict that Extreme Networks will post 0.31 EPS for the current year.

Insider Transactions at Extreme Networks

In other Extreme Networks news, CEO Edward Meyercord sold 50,000 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $16.54, for a total value of $827,000.00. Following the transaction, the chief executive officer owned 1,871,418 shares in the company, valued at $30,953,253.72. The trade was a 2.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

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

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.