Extreme Networks (NASDAQ:EXTR) Stock Price Expected to Rise, B. Riley Financial Analyst Says

Extreme Networks (NASDAQ:EXTR) had its price objective upped by equities research analysts at B. Riley Financial from $28.00 to $34.00 in a research report issued to clients and investors on Thursday, MarketBeat reports. The brokerage presently has a “buy” rating on the technology company’s stock. B. Riley Financial’s target price suggests a potential upside of 41.84% from the stock’s current price.

A number of other research analysts have also recently weighed in on the stock. Bank of America boosted their target price on shares of Extreme Networks from $28.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Oppenheimer restated an “outperform” rating on shares of Extreme Networks in a research note on Thursday. Weiss Ratings raised shares of Extreme Networks from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, July 6th. Rosenblatt Securities dropped their price objective on Extreme Networks from $39.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, UBS Group set a $28.00 price objective on Extreme Networks in a report on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $32.25.

Extreme Networks Stock Performance

Shares of EXTR opened at $23.97 on Thursday. The stock has a 50 day moving average of $30.27 and a 200 day moving average of $21.88. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of 77.33, a PEG ratio of 1.48 and a beta of 1.79. Extreme Networks has a 12 month low of $13.48 and a 12 month high of $33.73. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 1.63.

Extreme Networks (NASDAQ:EXTR) last posted its quarterly earnings data 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. The business had revenue of $338.55 million for the quarter, compared to analysts’ expectations of $332.49 million. Extreme Networks had a return on equity of 88.88% and a net margin of 3.28%.The business’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.25 earnings per share. 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. As a group, sell-side analysts forecast that Extreme Networks will post 0.81 earnings per share for the current year.

Insider Activity at Extreme Networks

In other news, CFO Kevin R. Rhodes sold 35,000 shares of the stock in a transaction on Thursday, June 11th. The shares were 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 of the company’s stock, valued at $4,603,937.28. This represents a 18.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Edward Meyercord sold 100,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $26.10, for a total transaction of $2,610,000.00. Following the sale, the chief executive officer owned 1,721,902 shares in the company, valued at approximately $44,941,642.20. This trade represents a 5.49% 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. Insiders sold 422,182 shares of company stock worth $11,905,205 in the last 90 days. 3.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Extreme Networks

Hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new stake in Extreme Networks in the third quarter worth approximately $31,000. Rockefeller Capital Management L.P. raised its stake in shares of 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 worth $33,000 after acquiring an additional 1,484 shares in the last quarter. CWM LLC lifted its holdings in shares of Extreme Networks by 51.7% in the 4th quarter. CWM LLC now owns 3,179 shares of the technology company’s stock worth $53,000 after acquiring an additional 1,084 shares during the last quarter. Quarry LP lifted its holdings in shares of Extreme Networks by 74.9% in the 3rd 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. Finally, Advisors Asset Management Inc. boosted its stake in shares of Extreme Networks by 136.8% in the 4th quarter. Advisors Asset Management Inc. now owns 3,221 shares of the technology company’s stock valued at $54,000 after purchasing an additional 1,861 shares in the last quarter. Institutional investors own 91.05% of the company’s stock.

More Extreme Networks News

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

• Positive Sentiment: Strong quarterly results: Extreme Networks reported fiscal Q4 adjusted EPS of $0.32, ahead of the $0.29 consensus estimate, while revenue of $338.55 million exceeded expectations of $332.49 million and increased 10.3% year over year. The company also issued fiscal 2027 EPS guidance of $1.28-$1.33. Extreme Networks Fiscal Q4 Earnings Snapshot
• Positive Sentiment: B. Riley raised its target: B. Riley Financial increased its price target from $28 to $34 and maintained a “buy” rating, signaling substantial potential upside based on its outlook for EXTR. Extreme Networks Price Target Raised at B. Riley Financial
• Positive Sentiment: Rosenblatt remains bullish: Rosenblatt Securities trimmed its target modestly from $39 to $38 but retained a “buy” rating, indicating continued confidence despite the adjustment.
• Neutral Sentiment: Upcoming investor conferences: Extreme Networks will participate in investor conferences during August and September, giving management opportunities to discuss demand, execution, and its financial outlook with investors. Extreme Networks Announces Investor Conferences
• Negative Sentiment: Insider selling pressured the shares: Reports of insider sales prompted a gap lower, raising concerns about management or other insiders reducing exposure after the stock’s previous rally. Extreme Networks Shares Gap Down on Insider Selling
• Negative Sentiment: Valuation concerns remain: One analysis argues that Extreme Networks is still overvalued even after its pullback. With a high earnings multiple and only modest profitability, investors may be taking profits despite the earnings beat. Extreme Networks Q4 Fine Print But Still Overvalued After the Pullback
• Negative Sentiment: Mixed target revisions: Needham lowered its price target to $35, while the differing analyst revisions suggest expectations remain positive but are not uniformly strengthening. Extreme Networks Price Target Lowered at Needham

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.