Extreme Networks (NASDAQ:EXTR) Coverage Initiated by Analysts at Bank of America

Research analysts at Bank of America began coverage on shares of Extreme Networks (NASDAQ:EXTR) in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage set a “buy” rating and a $24.00 price target on the technology company’s stock. Bank of America‘s price target points to a potential upside of 43.45% from the company’s previous close.

Several other analysts have also recently weighed in on EXTR. Rosenblatt Securities restated a “buy” rating and set a $25.00 price target on shares of Extreme Networks in a report on Tuesday, November 11th. Wall Street Zen lowered shares of Extreme Networks from a “strong-buy” rating to a “buy” rating in a report on Saturday. Lake Street Capital raised shares of Extreme Networks from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Thursday, August 7th. B. Riley restated a “buy” rating on shares of Extreme Networks in a report on Thursday, October 30th. Finally, Oppenheimer raised Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 target price on the stock in a report on Thursday, October 30th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Extreme Networks currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.83.

Extreme Networks Stock Performance

NASDAQ EXTR opened at $16.73 on Wednesday. The firm’s fifty day moving average price is $20.09 and its two-hundred day moving average price is $18.69. The stock has a market cap of $2.24 billion, a PE ratio of 239.00, a PEG ratio of 1.89 and a beta of 1.82. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.74 and a current ratio of 0.91. Extreme Networks has a fifty-two week low of $10.10 and a fifty-two week high of $22.89.

Extreme Networks (NASDAQ:EXTR) last released its quarterly earnings data on Wednesday, October 29th. The technology company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $310.25 million for the quarter, compared to the consensus estimate of $295.72 million. Extreme Networks had a return on equity of 81.83% and a net margin of 0.73%.Extreme Networks’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter last year, the business posted $0.17 EPS. Extreme Networks has set its FY 2026 guidance at EPS. Q2 2026 guidance at 0.230-0.250 EPS. On average, equities analysts expect that Extreme Networks will post 0.31 EPS for the current fiscal year.

Insider Activity

In other news, Director Raj Khanna sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $19.91, for a total transaction of $298,650.00. Following the completion of the sale, the director owned 216,708 shares of the company’s stock, valued at $4,314,656.28. This trade represents a 6.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Kevin R. Rhodes sold 14,000 shares of the business’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $21.52, for a total transaction of $301,280.00. Following the transaction, the chief financial officer owned 126,202 shares in the company, valued at $2,715,867.04. The trade was a 9.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 43,000 shares of company stock worth $901,210. 3.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in EXTR. XTX Topco Ltd grew its holdings in Extreme Networks by 69.8% during the first quarter. XTX Topco Ltd now owns 53,464 shares of the technology company’s stock worth $707,000 after buying an additional 21,981 shares in the last quarter. Focus Partners Wealth raised its holdings in shares of Extreme Networks by 25.3% in the first quarter. Focus Partners Wealth now owns 324,736 shares of the technology company’s stock valued at $4,296,000 after purchasing an additional 65,535 shares during the last quarter. Alberta Investment Management Corp lifted its position in shares of Extreme Networks by 27.3% during the first quarter. Alberta Investment Management Corp now owns 181,355 shares of the technology company’s stock valued at $2,399,000 after purchasing an additional 38,905 shares in the last quarter. Northern Trust Corp boosted its holdings in Extreme Networks by 0.8% during the first quarter. Northern Trust Corp now owns 1,494,018 shares of the technology company’s stock worth $19,766,000 after purchasing an additional 11,905 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Extreme Networks by 18.3% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 822,706 shares of the technology company’s stock worth $14,768,000 after purchasing an additional 126,972 shares in the last quarter. Institutional investors own 91.05% of the company’s stock.

Extreme Networks Company Profile

Extreme Networks, Inc delivers cloud-driven networking solutions that leverage the powers of machine learning, artificial intelligence, analytics, and automation.
The company designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security, and access controls.