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NASDAQ:EXTR

Extreme Networks (EXTR) Stock Forecast, Price & News

$23.76
-0.72 (-2.94%)
(As of 10/3/2023 ET)
Compare
Today's Range
$23.38
▼
$24.40
50-Day Range
$23.11
▼
$32.27
52-Week Range
$12.61
▼
$32.73
Volume
1.39 million shs
Average Volume
1.83 million shs
Market Capitalization
$3.08 billion
P/E Ratio
40.97
Dividend Yield
N/A
Price Target
$30.63
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Extreme Networks MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
28.9% Upside
$30.63 Price Target
Short Interest
Bearish
11.05% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.31
Upright™ Environmental Score
News Sentiment
0.64mentions of Extreme Networks in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$1.07 M Sold Last Quarter
Proj. Earnings Growth
42.61%
From $1.15 to $1.64 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.76 out of 5 stars

Computer And Technology Sector

91st out of 596 stocks

Computer & Office Equipment Industry

4th out of 12 stocks

See Top Rated MarketRank™ Stocks Here

EXTR stock logo

About Extreme Networks (NASDAQ:EXTR) 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. Over 50,000 customers globally trust their end-to-end, cloud-driven networking solutions and rely on our top-rated services and support to accelerate their digital transformation efforts.

EXTR Price History

EXTR Stock News Headlines

September 6, 2023 | marketbeat.com
Does Ciena's Earnings Beat Signal New Networking Boom Ahead? (EXTR)
Network gear maker Ciena saw a sizeable gap-up in stock price after strong Q3 earnings. What does that say about prospects for the broader industry?
September 29, 2023 | finance.yahoo.com
Global Data Center Fabric Market 2023-2028: Brocade Communications and Extreme Networks - Setting New Standards in Data Center Fabric Efficiency
October 3, 2023 | Oxford Club (Ad)
AI Stock Caught Trading Under Secret Name
We have uncovered perhaps the most unusual AI stock we've ever seen.It's expected to see massive revenue this year - $215 billion.  The company holds over 29,000 patents in the U.S. It pays an enormous dividend.
September 28, 2023 | benzinga.com
Extreme Networks Unusual Options Activity For September 28
September 26, 2023 | finance.yahoo.com
Extreme Networks (EXTR) Stock Moves -0.66%: What You Should Know
September 24, 2023 | americanbankingnews.com
Extreme Networks (NASDAQ:EXTR) Trading 4.3% Higher
September 24, 2023 | americanbankingnews.com
Extreme Networks (NASDAQ:EXTR) Coverage Initiated at UBS Group
September 23, 2023 | msn.com
UBS Initiates Coverage of Extreme Networks (EXTR) with Buy Recommendation
October 3, 2023 | Legacy Research (Ad)
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video)
“Hi, I’m Teeka Tiwari...I’m about to get in this Tesla and drive up to a facility just a few miles from here to show you what could be the secret behind Elon Musk’s new AI project… What happens next will shock you…”
September 22, 2023 | finance.yahoo.com
Extreme Networks (EXTR): Is It Truly Overvalued? An In-Depth Exploration
September 21, 2023 | finance.yahoo.com
Extreme Networks (EXTR) Stock Moves -0.29%: What You Should Know
September 20, 2023 | seekingalpha.com
Extreme Networks: Impressive Performance Amid Tough Competition
September 19, 2023 | msn.com
Extreme Networks: Unleashing Extreme Potential, Though A Little Expensive
September 18, 2023 | markets.businessinsider.com
What 9 Analyst Ratings Have To Say About Extreme Networks
September 8, 2023 | finance.yahoo.com
Extreme Networks (EXTR) Outpaces Stock Market Gains: What You Should Know
September 5, 2023 | finance.yahoo.com
Why Extreme Networks, Inc. (NASDAQ:EXTR) Looks Like A Quality Company
September 4, 2023 | finance.yahoo.com
3 Reasons Growth Investors Will Love Extreme Networks (EXTR)
September 1, 2023 | finance.yahoo.com
Extreme Networks (EXTR) Stock Sinks As Market Gains: What You Should Know
August 29, 2023 | finance.yahoo.com
Extreme Networks (EXTR) Upgraded to Strong Buy: Here's What You Should Know
August 28, 2023 | msn.com
Unusual Put Option Trade in Extreme Networks (EXTR) Worth $320.34K
August 25, 2023 | finance.yahoo.com
Extreme Networks Inc's Uncertain Future: Understanding the Barriers to Outperformance
August 25, 2023 | msn.com
Rosenblatt Reiterates Extreme Networks (EXTR) Buy Recommendation
August 24, 2023 | markets.businessinsider.com
What 8 Analyst Ratings Have To Say About Extreme Networks
August 23, 2023 | finance.yahoo.com
Zacks Industry Outlook Highlights Cisco, Extreme Networks and RADCOM
August 22, 2023 | finance.yahoo.com
Zacks.com featured highlights include Extreme Networks, Builders FirstSource and M.D.C. Holdings
August 18, 2023 | tmcnet.com
Connecting the Red Devils' Faithful: Extreme Networks Brings Wi-Fi Solutions to Old Trafford
August 18, 2023 | finance.yahoo.com
Here is Why Growth Investors Should Buy Extreme Networks (EXTR) Now
See More Headlines
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EXTR Company Calendar

Last Earnings
8/02/2023
Today
10/03/2023
Next Earnings (Estimated)
10/26/2023
Fiscal Year End
6/30/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Computer & office equipment
Sub-Industry
Communications Equipment
Sector
Computer and Technology
Current Symbol
NASDAQ:EXTR
CUSIP
30226D10
CIK
1078271
Web
www.extremenetworks.com
Phone
408-579-2800
Fax
408-904-7002
Employees
2,849
Year Founded
1996

Price Target and Rating

Average Stock Price Forecast
$30.63
High Stock Price Forecast
$35.00
Low Stock Price Forecast
$18.00
Forecasted Upside/Downside
+28.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$0.58
Trailing P/E Ratio
40.97
Forward P/E Ratio
20.66
P/E Growth
1.23
Net Income
$78.07 million
Net Margins
5.95%
Pretax Margin
7.17%
Return on Equity
95.31%
Return on Assets
9.14%

Debt

Debt-to-Equity Ratio
1.61
Current Ratio
1.00
Quick Ratio
0.85

Sales & Book Value

Annual Sales
$1.31 billion
Price / Sales
2.34
Cash Flow
$1.11 per share
Price / Cash Flow
21.33
Book Value
$0.91 per share
Price / Book
26.11

Miscellaneous

Outstanding Shares
129,530,000
Free Float
125,230,000
Market Cap
$3.08 billion
Optionable
Optionable
Beta
2.05

Social Links

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Key Executives

  • Mr. Edward B. Meyercord III (Age 56)
    Pres, CEO & Exec. Director
    Comp: $1.12M
  • Mr. Rémi ThomasMr. Rémi Thomas (Age 53)
    Exec. VP & CFO
    Comp: $620.54k
  • Mr. Norman J. Rice III (Age 47)
    Chief Operating Officer
  • Mr. Nabil Bukhari
    CTO & Chief Product Officer
  • Mr. John Abel
    Chief Information Officer
  • Ms. Katayoun Motiey
    Chief Sustainability Officer, Chief Admin. Officer & Corp. Sec.
  • Mr. Stanley Kovler
    VP of Strategy & Investor Relations
  • Ms. Gina M. Christopher
    Deputy Gen. Counsel
  • Mr. Wesley Dean Durow (Age 55)
    Chief Marketing Officer
  • Mr. Stephen Patak
    Sr. VP of Sales-Americas

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













EXTR Stock - Frequently Asked Questions

Should I buy or sell Extreme Networks stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Extreme Networks in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" EXTR shares.
View EXTR analyst ratings or view top-rated stocks.

What is Extreme Networks' stock price forecast for 2023?

6 equities research analysts have issued 12-month price objectives for Extreme Networks' stock. Their EXTR share price forecasts range from $18.00 to $35.00. On average, they anticipate the company's stock price to reach $30.63 in the next year. This suggests a possible upside of 28.9% from the stock's current price.
View analysts price targets for EXTR or view top-rated stocks among Wall Street analysts.

How have EXTR shares performed in 2023?

Extreme Networks' stock was trading at $18.31 on January 1st, 2023. Since then, EXTR shares have increased by 29.8% and is now trading at $23.76.
View the best growth stocks for 2023 here.

Are investors shorting Extreme Networks?

Extreme Networks saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 14,310,000 shares, an increase of 32.6% from the August 31st total of 10,790,000 shares. Based on an average daily trading volume, of 2,230,000 shares, the short-interest ratio is currently 6.4 days.
View Extreme Networks' Short Interest.

When is Extreme Networks' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our EXTR earnings forecast.

How were Extreme Networks' earnings last quarter?

Extreme Networks, Inc. (NASDAQ:EXTR) released its earnings results on Wednesday, August, 2nd. The technology company reported $0.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.03. The technology company had revenue of $363.91 million for the quarter, compared to analyst estimates of $344.85 million. Extreme Networks had a net margin of 5.95% and a trailing twelve-month return on equity of 95.31%.

What ETFs hold Extreme Networks' stock?

ETFs with the largest weight of Extreme Networks (NASDAQ:EXTR) stock in their portfolio include iShares North American Tech-Multimedia Networking ETF (IGN), SPDR S&P Telecom ETF (XTL), Invesco Next Gen Connectivity ETF (PXQ), Aztlan Global Stock Selection DM SMID ETF (AZTD), Invesco Dorsey Wright Technology Momentum ETF (PTF), Invesco S&P SmallCap Information Technology ETF (PSCT), Convergence Long/Short Equity ETF (CLSE) and Ballast Small/Mid Cap ETF (MGMT).

What guidance has Extreme Networks issued on next quarter's earnings?

Extreme Networks updated its first quarter 2024 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of $0.28-$0.33 for the period, compared to the consensus estimate of $0.31. The company issued revenue guidance of $342.00 million-$352.00 million, compared to the consensus revenue estimate of $341.91 million.

What is Ed Meyercord's approval rating as Extreme Networks' CEO?

521 employees have rated Extreme Networks Chief Executive Officer Ed Meyercord on Glassdoor.com. Ed Meyercord has an approval rating of 62% among the company's employees. This puts Ed Meyercord in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 70.0% of employees surveyed would recommend working at Extreme Networks to a friend.

What other stocks do shareholders of Extreme Networks own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Extreme Networks investors own include Micron Technology (MU), NVIDIA (NVDA), Advanced Micro Devices (AMD), Alibaba Group (BABA), AT&T (T), Applied Materials (AMAT), General Electric (GE), Tesla (TSLA), Cisco Systems (CSCO) and ON Semiconductor (ON).

What is Extreme Networks' stock symbol?

Extreme Networks trades on the NASDAQ under the ticker symbol "EXTR."

How do I buy shares of Extreme Networks?

Shares of EXTR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Extreme Networks' stock price today?

One share of EXTR stock can currently be purchased for approximately $23.76.

How much money does Extreme Networks make?

Extreme Networks (NASDAQ:EXTR) has a market capitalization of $3.08 billion and generates $1.31 billion in revenue each year. The technology company earns $78.07 million in net income (profit) each year or $0.58 on an earnings per share basis.

How many employees does Extreme Networks have?

The company employs 2,849 workers across the globe.

Does Extreme Networks have any subsidiaries?
The following companies are subsidiares of Extreme Networks: Aerohive Networks, Aerohive Networks (Hangzhou) Ltd., Aerohive Networks Europe Ltd., Aerohive Networks Inc., Aerohive Networks LLC, Aerohive Networks Ltd., Avaya - Networking business, Brocade Communications Systems, Enterasys Networks, Enterasys Networks Inc., Extreme Federal Inc., Extreme Network Bilisim Teknolojileri Hizmetleri Limited Sirketi, Extreme Networks APAC Sdn Bhd, Extreme Networks Australia PTY Ltd., Extreme Networks Belgium SARL, Extreme Networks Canada Inc., Extreme Networks Chile Ltda., Extreme Networks China Ltd., Extreme Networks Delaware LLC, Extreme Networks Do Brazil Ltda, Extreme Networks EMEA Ltd., Extreme Networks France SAS, Extreme Networks GmbH, Extreme Networks Hong Kong Ltd., Extreme Networks IHC Inc., Extreme Networks Inc., Extreme Networks India Private Ltd., Extreme Networks International Ltd., Extreme Networks Ireland Holding Ltd., Extreme Networks Ireland Ltd., Extreme Networks Ireland Ops Ltd., Extreme Networks KK, Extreme Networks Korea Ltd., Extreme Networks Mauritius, Extreme Networks Mexico SA de CV, Extreme Networks Netherlands BV, Extreme Networks Rus LLC, Extreme Networks SRL, Extreme Networks Singapore Pte. Ltd., Extreme Networks Spain SL, Extreme Networks Switzerland GmbH, Extreme Networks Technology Co. (Beijing) Ltd., Extreme Networks UK Technology Ltd., Extreme Networks s.r.o., IHC Networks AB, IpanemaTech UK Ltd, Ipanematech SAS, Optranet, Soapstone Networks, and Zebra Technologies - Wireless LAN Business.
Read More
How can I contact Extreme Networks?

Extreme Networks' mailing address is 6480 VIA DEL ORO, SAN JOSE CA, 95119. The official website for the company is www.extremenetworks.com. The technology company can be reached via phone at 408-579-2800, via email at investor_relations@extremenetworks.com, or via fax at 408-904-7002.

This page (NASDAQ:EXTR) was last updated on 10/3/2023 by MarketBeat.com Staff

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