Extreme Networks, Inc. (EXTR) – What Are Researchers Thinking About This Stock?

Extreme Networks, Inc. (NASDAQ:EXTR) has received an average rating of “Moderate Buy” from the nine research firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $32.25.

Several research firms have recently weighed in on EXTR. Wall Street Zen upgraded Extreme Networks from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Craig Hallum reissued a “buy” rating and set a $31.00 price objective on shares of Extreme Networks in a research report on Thursday, August 6th. Weiss Ratings upgraded shares of Extreme Networks from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 16th. Rosenblatt Securities cut their price objective on shares of Extreme Networks from $39.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Finally, Needham & Company LLC cut their price objective on shares of Extreme Networks from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, August 5th.

Insider Activity at Extreme Networks

In other news, CEO Edward Meyercord sold 50,000 shares of Extreme Networks stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $29.79, for a total value of $1,489,500.00. Following the sale, the chief executive officer directly owned 1,596,475 shares in the company, valued at $47,558,990.25. This trade represents a 3.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevin Rhodes sold 21,825 shares of Extreme Networks stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $22.30, for a total transaction of $486,697.50. Following the completion of the sale, the chief financial officer owned 196,803 shares in the company, valued at $4,388,706.90. This trade represents a 9.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 121,825 shares of company stock valued at $3,064,698 over the last ninety days. Company insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. First Bank & Trust grew its stake in Extreme Networks by 2.4% in the second quarter. First Bank & Trust now owns 13,191 shares of the technology company’s stock valued at $427,000 after purchasing an additional 306 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Extreme Networks by 13.2% during the 2nd quarter. GAMMA Investing LLC now owns 4,001 shares of the technology company’s stock worth $130,000 after purchasing an additional 465 shares during the last quarter. CoreCap Advisors LLC raised its stake in shares of Extreme Networks by 72.3% during the 3rd quarter. CoreCap Advisors LLC now owns 1,201 shares of the technology company’s stock worth $26,000 after purchasing an additional 504 shares in the last quarter. PNC Financial Services Group Inc. raised its stake 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 worth $166,000 after purchasing an additional 735 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Extreme Networks in the 2nd quarter valued at approximately $25,000. Institutional investors own 91.05% of the company’s stock.

Extreme Networks Price Performance

Extreme Networks stock opened at $22.54 on Thursday. The company has a market capitalization of $2.98 billion, a PE ratio of 72.71, a price-to-earnings-growth ratio of 1.46 and a beta of 1.76. The business has a 50 day simple moving average of $22.53 and a 200 day simple moving average of $24.88. Extreme Networks has a one year low of $13.48 and a one year high of $33.73. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.93 and a quick ratio of 0.81.

Extreme Networks (NASDAQ:EXTR) last released its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. Extreme Networks had a return on equity of 88.88% and a net margin of 3.28%. The business had revenue of $338.55 million during the quarter, compared to analysts’ expectations of $332.49 million. During the same period in the previous year, the business posted $0.25 earnings per share. The firm’s revenue for the quarter 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, sell-side analysts forecast that Extreme Networks will post 0.75 EPS for the current fiscal year.

About Extreme Networks

Extreme Networks, Inc develops networking solutions that help organizations connect, manage and secure users, devices and applications across campus, data center and distributed environments. Its portfolio includes wired and wireless network infrastructure, Ethernet switches, access points, software-defined wide-area networking (SD-WAN), network access control and cloud-based network management.

The company’s ExtremeCloud platform supports centralized monitoring, configuration, analytics and automation for network operations.