Extreme Networks (EXTR) Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Extreme Networks in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" EXTR shares.
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6 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 expect the company's share price to reach $30.63 in the next year. This suggests a possible upside of 26.9% from the stock's current price.
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Extreme Networks' stock was trading at $18.31 at the beginning of 2023. Since then, EXTR stock has increased by 31.8% and is now trading at $24.13.
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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 trading volume of 2,230,000 shares, the short-interest ratio is presently 6.4 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
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Extreme Networks, Inc. (NASDAQ:EXTR) issued its quarterly earnings results on Wednesday, August, 2nd. The technology company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.03. The technology company earned $363.91 million during the quarter, compared to analyst estimates of $344.85 million. Extreme Networks had a trailing twelve-month return on equity of 95.31% and a net margin of 5.95%.

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).

Extreme Networks issued an update on 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 earnings per share 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.

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.

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).

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

Extreme Networks' stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.45%), Paradigm Capital Management Inc. NY (4.06%), State Street Corp (3.55%), Goldman Sachs Group Inc. (2.71%), Geode Capital Management LLC (2.00%) and Renaissance Technologies LLC (1.89%). Insiders that own company stock include Charles Carinalli, Cristina Tate, Edward Meyercord, Ingrid Burton, John C Shoemaker, Joseph A Vitalone, Kathleen M Holmgren, Raj Khanna and Remi Thomas.
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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.
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One share of EXTR stock can currently be purchased for approximately $24.13.

Extreme Networks (NASDAQ:EXTR) has a market capitalization of $3.13 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.

The company employs 2,849 workers across the globe.

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.