NASDAQ:EXTR

Extreme Networks (EXTR) Stock Forecast, Price & News

$24.16

-0.16 (-0.66%)

(As of 09/26/2023 ET)

Compare

Today's Range: $24.01
▼
$24.41
50-Day Range: $23.11
▼
$32.27
52-Week Range: $12.27
▼
$32.73

Volume: 1.72 million shs
Average Volume: 1.83 million shs
Market Capitalization: $3.13 billion

P/E Ratio: 41.66
Dividend Yield: N/A
Price Target: $30.63

Extreme Networks MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 26.8% Upside
$30.63 Price Target
Short Interest: Bearish
8.33% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -1.31
Upright™ Environmental Score
News Sentiment: 0.57
Based on 9 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.

2.81 out of 5 stars

Computer And Technology Sector

82nd out of 581 stocks

Computer & Office Equipment Industry

6th out of 12 stocks

4.3

Analyst's Opinion

Consensus Rating
Extreme Networks has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $30.63, Extreme Networks has a forecasted upside of 26.8% from its current price of $24.16.
Amount of Analyst Coverage
Extreme Networks has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
8.33% of the outstanding shares of Extreme Networks have been sold short.
Short Interest Ratio / Days to Cover
Extreme Networks has a short interest ratio ("days to cover") of 5.
Change versus previous month
Short interest in Extreme Networks has recently increased by 4.86%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Extreme Networks does not currently pay a dividend.
Dividend Growth
Extreme Networks does not have a long track record of dividend growth.

2.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Extreme Networks has received a 23.89% net impact score from Upright. Extreme Networks seems to create the most significant positive value in categories "Taxes", "Knowledge infrastructure", and "Jobs". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Network monitoring and management software", "Backbone routers", and "Network switches" products. See details.
Environmental Sustainability
The Environmental Impact score for Extreme Networks is -1.31.

2.5

News and Social Media Coverage

News Sentiment
Extreme Networks has a news sentiment score of 0.57. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Extreme Networks this week, compared to 7 articles on an average week.
Search Interest
Only 18 people have searched for EXTR on MarketBeat in the last 30 days. This is a decrease of -14% compared to the previous 30 days.
MarketBeat Follows
18 people have added Extreme Networks to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Extreme Networks insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,069,084.00 in company stock.
Percentage Held by Insiders
Only 3.16% of the stock of Extreme Networks is held by insiders.
Percentage Held by Institutions
86.95% of the stock of Extreme Networks is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Extreme Networks are expected to grow by 42.61% in the coming year, from $1.15 to $1.64 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Extreme Networks is 41.66, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.24.
Price to Earnings Ratio vs. Sector
The P/E ratio of Extreme Networks is 41.66, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 287.88.
Price to Earnings Growth Ratio
Extreme Networks has a PEG Ratio of 1.23. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Extreme Networks has a P/B Ratio of 26.55. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

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 26, 2023 | finance.yahoo.com

Extreme Networks (EXTR) Stock Moves -0.66%: What You Should Know

September 27, 2023 | Chaikin Analytics (Ad)

Wall Street Insider Makes Prediction about Hot A.I. Stock

50-year Wall Street Veteran Marc Chaikin just detailed why he's avoiding NVDA and buying this overlooked A.I. stock instead. Learn more here.

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

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 27, 2023 | Behind the Markets (Ad)

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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 19, 2023 | americanbankingnews.com

Extreme Networks, Inc. (NASDAQ:EXTR) CRO Sells $1,069,083.90 in Stock

September 19, 2023 | americanbankingnews.com

Needham & Company LLC Reiterates "Buy" Rating for Extreme Networks (NASDAQ:EXTR)

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: 9/27/2023
Next Earnings (Estimated): 10/26/2023
Fiscal Year End: 6/30/2024

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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: +26.8%
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: 41.66
Forward P/E Ratio: 21.01
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: 2.38
Cash Flow: $1.13 per share
Price / Cash Flow: 21.30
Book Value: $0.91 per share
Price / Book: 26.55

Miscellaneous

Outstanding Shares: 129,530,000
Free Float: 125,437,000
Market Cap: $3.13 billion
Optionable: Optionable
Beta: 2.04

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Key Executives

Mr. Edward B. Meyercord III (Age 56)
Pres, CEO & Exec. Director
Comp: $1.12M

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 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.
View EXTR analyst ratings or view top-rated stocks.
What is Extreme Networks' stock price forecast for 2023?: 6 brokers have issued 12 month target prices for Extreme Networks' stock. Their EXTR share price forecasts range from $18.00 to $35.00. On average, they anticipate the company's share price to reach $30.63 in the next twelve months. This suggests a possible upside of 26.8% 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 at the start of the year. Since then, EXTR shares have increased by 31.9% and is now trading at $24.16.
View the best growth stocks for 2023 here.
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) posted its earnings results on Wednesday, August, 2nd. The technology company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.03. The technology company had revenue of $363.91 million for the quarter, compared to analysts' expectations of $344.85 million. Extreme Networks had a trailing twelve-month return on equity of 95.31% and a net margin of 5.95%.
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 EPS 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."
Who are Extreme Networks' major shareholders?: Extreme Networks' stock is owned by many different institutional and retail investors. Top institutional investors 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.
View institutional ownership trends.
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 $24.16.
How much money does Extreme Networks make?: 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.
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 9/27/2023 by MarketBeat.com Staff

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