Extreme Networks (EXTR) Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Extreme Networks in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" EXTR shares.
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5 brokers have issued 1 year target prices for Extreme Networks' stock. Their EXTR share price forecasts range from $17.50 to $24.00. On average, they predict the company's stock price to reach $20.83 in the next twelve months. This suggests that the stock has a possible downside of 8.7%.
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Extreme Networks' stock was trading at $18.31 at the beginning of 2023. Since then, EXTR stock has increased by 24.6% and is now trading at $22.82.
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Extreme Networks saw a increase in short interest in May. As of May 15th, there was short interest totaling 9,950,000 shares, an increase of 11.0% from the April 30th total of 8,960,000 shares. Based on an average daily volume of 1,410,000 shares, the days-to-cover ratio is presently 7.1 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our EXTR earnings forecast.

Extreme Networks, Inc. (NASDAQ:EXTR) posted its quarterly earnings data on Tuesday, November, 2nd. The technology company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.05. The technology company earned $267.70 million during the quarter, compared to analysts' expectations of $256.94 million. Extreme Networks had a trailing twelve-month return on equity of 79.08% and a net margin of 4.73%. The firm's revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the business earned $0.02 earnings per share.

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 Dynamic Networking ETF (PXQ), Invesco S&P SmallCap Information Technology ETF (PSCT), Ballast Small/Mid Cap ETF (MGMT), Invesco S&P SmallCap Quality ETF (XSHQ), Convergence Long/Short Equity ETF (CLSE) and Rayliant Quantitative Developed Market Equity ETF (RAYD).

Extreme Networks issued an update on its FY 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.29 billion-$1.29 billion, compared to the consensus revenue estimate of $1.27 billion.

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. (14.47%), Voss Capital LLC (4.50%), Paradigm Capital Management Inc. NY (4.14%), State Street Corp (3.53%), FMR LLC (2.64%) and Bank of New York Mellon Corp (2.41%). 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 $22.82.

Extreme Networks (NASDAQ:EXTR) has a market capitalization of $2.94 billion and generates $1.11 billion in revenue each year. The technology company earns $44.27 million in net income (profit) each year or $0.43 on an earnings per share basis.

The company employs 2,643 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.