Extreme Networks, Inc. (NASDAQ:EXTR) Receives Average Recommendation of “Moderate Buy” from Brokerages

Extreme Networks, Inc. (NASDAQ:EXTR) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $30.8333.

EXTR has been the topic of several recent analyst reports. Needham & Company LLC lifted their price target on Extreme Networks from $21.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Wall Street Zen upgraded Extreme Networks from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 24th. Lake Street Capital lifted their price target on Extreme Networks from $25.00 to $34.00 and gave the company a “buy” rating in a research note on Monday. Weiss Ratings lowered Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 15th. Finally, Bank of America lifted their price target on Extreme Networks from $28.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, June 8th.

Extreme Networks Trading Up 1.8%

Shares of EXTR opened at $31.38 on Friday. Extreme Networks has a 52-week low of $13.48 and a 52-week high of $32.21. The business’s fifty day moving average is $23.84 and its 200-day moving average is $18.46. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.78 and a current ratio of 0.91. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 261.50, a PEG ratio of 2.91 and a beta of 1.81.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02. Extreme Networks had a return on equity of 81.88% and a net margin of 1.30%.The company had revenue of $316.87 million for the quarter, compared to analyst estimates of $311.48 million. During the same quarter last year, the company posted $0.21 EPS. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. Equities analysts anticipate that Extreme Networks will post 0.53 EPS for the current fiscal year.

Insider Transactions at Extreme Networks

In related news, Director Kathleen M. Holmgren sold 19,521 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $24.78, for a total transaction of $483,730.38. Following the sale, the director owned 219,308 shares of the company’s stock, valued at $5,434,452.24. This trade represents a 8.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Kevin R. Rhodes sold 35,000 shares of the firm’s 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 sale, the chief financial officer directly owned 151,296 shares in the company, valued at approximately $4,603,937.28. This trade represents a 18.79% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 642,182 shares of company stock worth $16,188,978. Insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Extreme Networks

Several hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its holdings in shares of Extreme Networks by 3.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 22,783 shares of the technology company’s stock valued at $470,000 after acquiring an additional 683 shares in the last quarter. ProShare Advisors LLC boosted its holdings in shares of Extreme Networks by 3.0% during the 4th quarter. ProShare Advisors LLC now owns 25,609 shares of the technology company’s stock valued at $426,000 after acquiring an additional 735 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Extreme Networks by 7.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,001 shares of the technology company’s stock valued at $166,000 after acquiring an additional 735 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Extreme Networks by 3.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 30,633 shares of the technology company’s stock valued at $510,000 after buying an additional 900 shares during the period. Finally, CWM LLC lifted its stake in shares of Extreme Networks by 51.7% in the fourth 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 period. Institutional investors and hedge funds own 91.05% of the company’s stock.

Extreme Networks Company Profile

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.