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NASDAQ:EXTR

Extreme Networks (EXTR) Stock Forecast, Price & News

$24.21
-0.14 (-0.57%)
(As of 02:27 PM ET)
Compare
Today's Range
$23.62
$24.51
50-Day Range
$23.11
$32.27
52-Week Range
$12.61
$32.73
Volume
1.10 million shs
Average Volume
1.82 million shs
Market Capitalization
$3.14 billion
P/E Ratio
41.74
Dividend Yield
N/A
Price Target
$30.63

Extreme Networks MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
26.9% 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
0.52mentions of Extreme Networks in the last 14 days
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

76th out of 607 stocks

Computer & Office Equipment Industry

6th out of 12 stocks


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

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?
U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Extreme Networks (NASDAQ:EXTR) Trading 4.3% Higher
Extreme Networks (NASDAQ:EXTR) Coverage Initiated at UBS Group
Windfall profits possible with this under-the-radar lithium stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Extreme Networks, Inc. (NASDAQ:EXTR) CRO Sells $1,069,083.90 in Stock
What 9 Analyst Ratings Have To Say About Extreme Networks
What 8 Analyst Ratings Have To Say About Extreme Networks
See More Headlines
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EXTR Company Calendar

Last Earnings
8/02/2023
Today
9/28/2023
Next Earnings (Estimated)
10/26/2023
Fiscal Year End
6/30/2024

Industry, Sector and Symbol

Industry
Computer & office equipment
Sub-Industry
Communications Equipment
Current Symbol
NASDAQ:EXTR
CUSIP
30226D10
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
+26.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$78.07 million
Pretax Margin
7.17%

Debt

Sales & Book Value

Annual Sales
$1.31 billion
Cash Flow
$1.13 per share
Book Value
$0.91 per share

Miscellaneous

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. 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













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 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.
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 beginning of 2023. Since then, EXTR stock has increased by 31.8% and is now trading at $24.13.
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 trading volume of 2,230,000 shares, the short-interest ratio is presently 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) 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%.

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

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.

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 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.
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 $24.13.

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 9/28/2023 by MarketBeat.com Staff

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