Extreme Networks (NASDAQ:EXTR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Extreme Networks (NASDAQ:EXTR) from a buy rating to a strong-buy rating in a research note released on Saturday.

EXTR has been the subject of a number of other research reports. Rosenblatt Securities reissued a “buy” rating and set a $25.00 target price on shares of Extreme Networks in a research note on Thursday, January 29th. UBS Group reissued a “neutral” rating and set a $17.00 target price on shares of Extreme Networks in a report on Thursday, January 29th. Needham & Company LLC decreased their target price on Extreme Networks from $24.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, January 29th. Weiss Ratings cut Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 17th. Finally, Bank of America initiated coverage on Extreme Networks in a research note on Wednesday, November 19th. They issued a “buy” rating and a $24.00 price objective for the company. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.67.

Extreme Networks Stock Up 1.9%

Shares of EXTR opened at $14.25 on Friday. The firm has a market cap of $1.91 billion, a P/E ratio of 203.60, a PEG ratio of 1.50 and a beta of 1.67. Extreme Networks has a 12 month low of $10.10 and a 12 month high of $22.89. The stock’s 50 day moving average is $15.31 and its two-hundred day moving average is $18.06. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 1.61.

Extreme Networks (NASDAQ:EXTR) last announced its earnings results on Wednesday, January 28th. The technology company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. Extreme Networks had a return on equity of 75.56% and a net margin of 0.75%.The firm had revenue of $317.93 million for the quarter, compared to analyst estimates of $312.33 million. During the same quarter last year, the firm posted $0.21 EPS. The business’s revenue was up 13.8% on a year-over-year basis. Extreme Networks has set its Q3 2026 guidance at 0.230-0.250 EPS and its FY 2026 guidance at 0.980-1.020 EPS. Analysts predict that Extreme Networks will post 0.31 earnings per share for the current fiscal 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 on Monday, February 2nd. The stock was sold at an average price of $14.91, for a total value of $745,500.00. Following the completion of the sale, the chief executive officer directly owned 1,871,418 shares of the company’s stock, valued at $27,902,842.38. This trade represents a 2.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Extreme Networks

Hedge funds and other institutional investors have recently bought and sold shares of the company. Salomon & Ludwin LLC acquired a new position in Extreme Networks in the 3rd quarter valued at about $27,000. Caitong International Asset Management Co. Ltd acquired a new position in Extreme Networks in the third quarter valued at approximately $31,000. CWM LLC lifted its holdings in Extreme Networks by 44.8% in the third quarter. CWM LLC now owns 2,095 shares of the technology company’s stock valued at $43,000 after acquiring an additional 648 shares during the last quarter. Farther Finance Advisors LLC grew its position in Extreme Networks by 85.4% in the third quarter. Farther Finance Advisors LLC now owns 2,201 shares of the technology company’s stock worth $45,000 after acquiring an additional 1,014 shares during the period. Finally, Quarry LP increased its stake in Extreme Networks by 74.9% during the third quarter. Quarry LP now owns 2,610 shares of the technology company’s stock worth $54,000 after acquiring an additional 1,118 shares during the last quarter. 91.05% of the stock is currently owned by institutional investors and hedge funds.

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.