Extreme Networks (NASDAQ:EXTR) Price Target Cut to $21.00 by Analysts at Needham & Company LLC

Extreme Networks (NASDAQ:EXTR) had its target price lowered by analysts at Needham & Company LLC from $24.00 to $21.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price target would suggest a potential upside of 39.81% from the stock’s previous close.

EXTR has been the topic of several other research reports. Weiss Ratings downgraded shares of Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, January 16th. Oppenheimer upgraded shares of Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 target price on the stock in a research note on Thursday, October 30th. B. Riley reaffirmed a “buy” rating on shares of Extreme Networks in a report on Thursday, October 30th. Bank of America started coverage on Extreme Networks in a report on Wednesday, November 19th. They set a “buy” rating and a $24.00 price target on the stock. Finally, Wall Street Zen raised Extreme Networks from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Extreme Networks presently has an average rating of “Moderate Buy” and a consensus target price of $23.33.

Extreme Networks Price Performance

NASDAQ EXTR opened at $15.02 on Thursday. The business’s fifty day moving average is $16.60 and its 200 day moving average is $18.68. Extreme Networks has a fifty-two week low of $10.10 and a fifty-two week high of $22.89. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.75 and a current ratio of 0.91. The company has a market capitalization of $2.01 billion, a PE ratio of 214.57, a price-to-earnings-growth ratio of 1.63 and a beta of 1.64.

Extreme Networks (NASDAQ:EXTR) last posted its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.24 by $0.02. The firm had revenue of $317.93 million for the quarter, compared to the consensus estimate of $312.33 million. Extreme Networks had a return on equity of 81.83% and a net margin of 0.73%.The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 earnings per share. 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. Sell-side analysts predict that Extreme Networks will post 0.31 earnings per share for the current year.

Insider Buying and Selling

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 sale, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Extreme Networks

Several large investors have recently made changes to their positions in the company. Calamos Advisors LLC lifted its position in shares of Extreme Networks by 15.6% in the fourth quarter. Calamos Advisors LLC now owns 111,894 shares of the technology company’s stock worth $1,863,000 after buying an additional 15,065 shares in the last quarter. NBC Securities Inc. bought a new stake in Extreme Networks in the 4th quarter worth approximately $448,000. M&T Bank Corp increased its stake in Extreme Networks by 547.7% in the 4th quarter. M&T Bank Corp now owns 77,937 shares of the technology company’s stock worth $1,298,000 after acquiring an additional 65,904 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of Extreme Networks by 9.4% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 29,788 shares of the technology company’s stock worth $496,000 after acquiring an additional 2,563 shares in the last quarter. Finally, Round Rock Advisors LLC boosted its position in shares of Extreme Networks by 95.0% during the 4th quarter. Round Rock Advisors LLC now owns 40,803 shares of the technology company’s stock valued at $741,000 after acquiring an additional 19,883 shares during the last quarter. 91.05% of the stock is owned by institutional investors.

Trending Headlines about Extreme Networks

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

• Positive Sentiment: Q2 results beat expectations — Extreme reported $0.26 EPS vs. $0.24 consensus and revenue of $317.93M vs. ~$312M expected; revenue grew 13.8% year‑over‑year, signaling continued share gains. Extreme Networks Reports Second Quarter Fiscal Year 2026 Financial Results
• Positive Sentiment: FY‑2026 guidance raised — management set FY EPS at $0.980–1.020 versus the prior consensus of ~$0.80, indicating materially stronger full‑year profitability expectations. (Guidance cited in company release/earnings commentary.) Press Release / Slide Deck
• Positive Sentiment: Q3 guidance ahead of estimates — Q3 EPS guided to $0.230–0.250 vs. consensus ~$0.19 and revenue guided roughly in line/above expectations; management highlighted that Extreme Platform ONE bookings were ~2x plan, supporting future revenue cadence. Earnings Snapshot / Call Materials
• Neutral Sentiment: Widespread coverage and call/transcript availability — multiple outlets published earnings transcripts and summaries (Seeking Alpha, MarketWatch, Zacks, Yahoo), providing transparency for investors reviewing the quarter and guidance. EXTR Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Short‑interest data appears anomalous — a report shows a large reported increase but the underlying numbers display zeros/NaN and a 0.0 days short‑interest ratio; treat that data as unreliable until clarified by exchanges/brokers. (Unclear near‑term impact.)

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.