Extreme Networks (EXTR) Expected to Announce Earnings on Wednesday

Extreme Networks (NASDAQ:EXTR - Get Free Report) is projected to announce its Q3 2025 earnings results before the market opens on Wednesday, April 30th. Analysts expect Extreme Networks to post earnings of $0.19 per share and revenue of $280.32 million for the quarter. Extreme Networks has set its FY 2025 guidance at EPS and its Q3 2025 guidance at 0.160-0.200 EPS.

Extreme Networks (NASDAQ:EXTR - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The technology company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. On average, analysts expect Extreme Networks to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Extreme Networks Stock Up 3.3 %

NASDAQ:EXTR traded up $0.41 during mid-day trading on Monday, hitting $12.90. 480,652 shares of the company's stock were exchanged, compared to its average volume of 1,453,088. The company has a market cap of $1.71 billion, a PE ratio of -13.74, a P/E/G ratio of 3.06 and a beta of 1.57. The company has a debt-to-equity ratio of 3.34, a current ratio of 0.93 and a quick ratio of 0.68. Extreme Networks has a one year low of $10.10 and a one year high of $19.24. The business has a fifty day moving average price of $13.54 and a 200 day moving average price of $15.41.

Extreme Networks announced that its Board of Directors has approved a share repurchase program on Tuesday, February 18th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 9.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

EXTR has been the subject of a number of recent research reports. Lake Street Capital lifted their price objective on Extreme Networks from $15.00 to $16.00 and gave the company a "hold" rating in a research note on Thursday, January 30th. Rosenblatt Securities dropped their price target on shares of Extreme Networks from $22.00 to $18.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Finally, Needham & Company LLC reissued a "buy" rating and set a $20.00 price objective on shares of Extreme Networks in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $19.50.

Insider Transactions at Extreme Networks

In other news, CEO Edward Meyercord sold 35,725 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $15.39, for a total transaction of $549,807.75. Following the completion of the transaction, the chief executive officer now directly owns 1,478,941 shares of the company's stock, valued at $22,760,901.99. The trade was a 2.36 % 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. Company insiders own 3.70% 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.