Analysts’ Recent Ratings Changes for Extreme Networks (EXTR)

Extreme Networks (NASDAQ: EXTR) has recently received a number of price target changes and ratings updates:

• 2/7/2025 – Extreme Networks had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $22.00 price target on the stock.
• 1/30/2025 – Extreme Networks had its price target raised by analysts at Lake Street Capital from $15.00 to $16.00. They now have a “hold” rating on the stock.
• 1/30/2025 – Extreme Networks had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $20.00 price target on the stock.
• 1/30/2025 – Extreme Networks had its price target raised by analysts at Rosenblatt Securities from $21.00 to $22.00. They now have a “buy” rating on the stock.

Extreme Networks Trading Down 1.5 %

Extreme Networks stock opened at $16.09 on Thursday. The company has a 50 day moving average price of $16.81 and a 200 day moving average price of $15.80. Extreme Networks, Inc. has a 52 week low of $10.49 and a 52 week high of $19.24. The company has a debt-to-equity ratio of 3.34, a quick ratio of 0.68 and a current ratio of 0.93. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of -17.12, a P/E/G ratio of 3.16 and a beta of 1.73.

Extreme Networks (NASDAQ:EXTR) last released its earnings results on Wednesday, January 29th. The technology company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). Extreme Networks had a negative return on equity of 110.86% and a negative net margin of 11.98%. Research analysts forecast that Extreme Networks, Inc. will post 0.31 EPS for the current year.

Insiders Place Their Bets

In other Extreme Networks news, CEO Edward Meyercord sold 35,725 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $15.39, for a total value of $549,807.75. Following the completion of the sale, the chief executive officer now owns 1,478,941 shares in the company, valued at $22,760,901.99. This represents a 2.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles Carinalli sold 5,000 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $16.70, for a total transaction of $83,500.00. Following the transaction, the director now owns 366,793 shares in the company, valued at $6,125,443.10. This represents a 1.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 45,725 shares of company stock worth $713,608 in the last quarter. 3.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of EXTR. Creative Planning raised its holdings in Extreme Networks by 32.1% in the 3rd quarter. Creative Planning now owns 21,140 shares of the technology company’s stock worth $318,000 after acquiring an additional 5,133 shares during the period. Raymond James & Associates raised its holdings in Extreme Networks by 2.0% in the 3rd quarter. Raymond James & Associates now owns 460,153 shares of the technology company’s stock worth $6,916,000 after acquiring an additional 9,217 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Extreme Networks by 134.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 11,700 shares of the technology company’s stock worth $176,000 after acquiring an additional 6,703 shares during the period. Aquila Investment Management LLC bought a new position in Extreme Networks in the 3rd quarter worth $962,000. Finally, Andina Capital Management LLC raised its holdings in Extreme Networks by 4.1% in the 3rd quarter. Andina Capital Management LLC now owns 20,405 shares of the technology company’s stock worth $307,000 after acquiring an additional 795 shares during the period. Institutional investors own 91.05% of the company’s stock.

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.