Extreme Networks (NASDAQ:EXTR) Stock Rating Lowered by Wall Street Zen
by Scott Moore · The Cerbat GemExtreme Networks (NASDAQ:EXTR – Get Free Report) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.
A number of other equities analysts have also commented on the stock. Needham & Company LLC cut their price objective on shares of Extreme Networks from $24.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, January 29th. UBS Group restated a “neutral” rating and issued a $17.00 price objective on shares of Extreme Networks in a research report on Thursday, January 29th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $25.00 target price on shares of Extreme Networks in a research note on Thursday, January 29th. Finally, Weiss Ratings downgraded shares of Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, February 17th. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.67.
View Our Latest Report on Extreme Networks
Extreme Networks Price Performance
EXTR stock opened at $17.59 on Friday. The firm has a 50 day moving average of $15.40 and a 200-day moving average of $16.55. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 1.61. Extreme Networks has a 12 month low of $12.29 and a 12 month high of $22.89. The firm has a market capitalization of $2.36 billion, a P/E ratio of 251.32, a price-to-earnings-growth ratio of 1.85 and a beta of 1.62.
Extreme Networks (NASDAQ:EXTR – Get Free Report) last released its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. Extreme Networks had a net margin of 0.75% and a return on equity of 75.56%. The company had revenue of $317.93 million during the quarter, compared to analyst estimates of $312.33 million. During the same period last year, the business earned $0.21 earnings per share. Extreme Networks’s revenue was up 13.8% compared to the same quarter last year. Extreme Networks has set its Q3 2026 guidance at 0.230-0.250 EPS and its FY 2026 guidance at 0.980-1.020 EPS. As a group, sell-side analysts predict that Extreme Networks will post 0.47 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, CEO Edward Meyercord sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $15.30, for a total value of $765,000.00. Following the sale, the chief executive officer directly owned 1,897,270 shares of the company’s stock, valued at $29,028,231. This trade represents a 2.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.60% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Extreme Networks
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Penbrook Management LLC purchased a new stake in Extreme Networks in the first quarter valued at approximately $1,260,000. Louisiana State Employees Retirement System purchased a new stake in Extreme Networks in the first quarter valued at approximately $897,000. OP Asset Management Ltd purchased a new stake in Extreme Networks in the first quarter valued at approximately $8,173,000. Diversified Trust Co raised its stake in shares of Extreme Networks by 184.8% during the first quarter. Diversified Trust Co now owns 31,528 shares of the technology company’s stock worth $475,000 after acquiring an additional 20,459 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in shares of Extreme Networks by 313.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,957 shares of the technology company’s stock worth $33,000 after acquiring an additional 1,484 shares in the last quarter. 91.05% of the stock is owned by hedge funds and other institutional investors.
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.