Extreme Networks (NASDAQ:EXTR) Updates Q1 2027 Earnings Guidance

Extreme Networks (NASDAQ:EXTR) updated its first quarter 2027 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.270-0.290 for the period, compared to the consensus EPS estimate of 0.260. The company issued revenue guidance of $334.0 million-$339.0 million, compared to the consensus revenue estimate of $332.3 million. Extreme Networks also updated its FY 2027 guidance to 1.280-1.330 EPS.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on EXTR shares. Bank of America raised their price objective 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. Rosenblatt Securities reduced their target price on Extreme Networks from $39.00 to $38.00 and set a “buy” rating for the company in a report on Thursday. Wall Street Zen downgraded Extreme Networks from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 18th. B. Riley Financial upped their target price on shares of Extreme Networks from $28.00 to $34.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Needham & Company LLC reduced their price target on shares of Extreme Networks from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.25.

Extreme Networks Stock Performance

Shares of NASDAQ EXTR traded down $1.85 during midday trading on Thursday, hitting $24.34. 1,803,047 shares of the company’s stock traded hands, compared to its average volume of 2,081,089. The firm has a fifty day moving average of $30.36 and a 200 day moving average of $21.80. Extreme Networks has a 1 year low of $13.48 and a 1 year high of $33.73. 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 stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of 203.26, a price-to-earnings-growth ratio of 1.99 and a beta of 1.79.

Extreme Networks (NASDAQ:EXTR) last announced its earnings results on Wednesday, August 5th. The technology company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.03. Extreme Networks had a net margin of 1.30% and a return on equity of 81.88%. The company had revenue of $338.55 million during the quarter, compared to analyst estimates of $332.49 million. During the same period in the previous year, the business posted $0.25 earnings per share. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. 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. On average, analysts forecast that Extreme Networks will post 0.53 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 company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $29.79, for a total value of $1,489,500.00. Following the completion of the sale, the chief executive officer owned 1,596,475 shares in the company, valued at $47,558,990.25. This represents a 3.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Katayoun Motiey sold 30,000 shares of Extreme Networks stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $31.03, for a total value of $930,900.00. Following the transaction, the insider directly owned 120,834 shares in the company, valued at approximately $3,749,479.02. The trade was a 19.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 422,182 shares of company stock valued at $11,905,205. Company insiders own 3.60% of the company’s stock.

Key Extreme Networks News

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

• Positive Sentiment: Quarterly results exceeded expectations. Extreme Networks reported fiscal fourth-quarter adjusted EPS of $0.32, above the $0.29 consensus estimate, while revenue of $338.55 million surpassed forecasts of $332.49 million and increased 10.3% year over year. Extreme Networks Q4 Earnings and Revenues Beat Estimates
• Positive Sentiment: Fiscal 2027 guidance came in above consensus. Management forecast first-quarter EPS of $0.27-$0.29 and revenue of $334 million-$339 million, ahead of consensus estimates of $0.26 and $332.3 million, respectively. Full-year EPS guidance of $1.28-$1.33 also exceeded the $1.21 analyst consensus. Extreme Networks Reports Fourth Quarter and Fiscal Year 2026 Financial Results
• Positive Sentiment: B. Riley became more bullish. The firm raised its price target from $28 to $34 and maintained a “buy” rating, implying substantial potential upside based on the referenced share price. Benzinga
• Neutral Sentiment: Analyst sentiment remains positive but targets are being recalibrated. Rosenblatt reduced its target from $39 to $38, and Needham lowered its target from $38 to $35; both firms retained “buy” ratings. These revisions may temper enthusiasm despite the continued bullish recommendations. Extreme Networks Price Target Lowered at Needham
• Negative Sentiment: CEO insider selling may weigh on sentiment. Chief Executive Edward Meyercord sold 50,000 shares for approximately $1.49 million, reducing his direct stake by 3.04%. The sale was conducted under a pre-arranged Rule 10b5-1 plan, which lessens its significance as a discretionary bearish signal. Extreme Networks CEO Sells Shares

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Summit Global Investments bought a new position in shares of Extreme Networks during the fourth quarter worth $218,000. WINTON GROUP Ltd purchased a new position in shares of Extreme Networks during the fourth quarter valued at about $238,000. Larson Financial Group LLC grew its position in shares of Extreme Networks by 8,569.1% during the third quarter. Larson Financial Group LLC now owns 10,663 shares of the technology company’s stock valued at $220,000 after purchasing an additional 10,540 shares in the last quarter. Vident Advisory LLC bought a new stake in shares of Extreme Networks in the second quarter worth about $263,000. Finally, Man Group plc bought a new stake in shares of Extreme Networks in the second quarter worth about $270,000. Institutional investors 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.