Extreme Networks - EXTR Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Extreme Networks in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" EXTR shares.
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3 Wall Street analysts have issued twelve-month target prices for Extreme Networks' stock. Their EXTR share price forecasts range from $18.00 to $23.50. On average, they anticipate the company's stock price to reach $21.42 in the next twelve months. This suggests a possible upside of 20.4% from the stock's current price.
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Extreme Networks' stock was trading at $18.31 at the start of the year. Since then, EXTR shares have decreased by 2.8% and is now trading at $17.79.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
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Extreme Networks, Inc. (NASDAQ:EXTR) issued its quarterly earnings data on Tuesday, November, 2nd. The technology company reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.05. The technology company earned $267.70 million during the quarter, compared to the consensus estimate of $256.94 million. Extreme Networks had a trailing twelve-month return on equity of 71.00% and a net margin of 4.13%. The firm's revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the previous year, the firm 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), Invesco DWA Technology Momentum ETF (PTF), Convergence Long/Short Equity ETF (CLSE), Ballast Small/Mid Cap ETF (MGMT) and Invesco S&P SmallCap Quality ETF (XSHQ).

Extreme Networks updated its third quarter 2023 earnings guidance on Wednesday, January, 25th. The company provided earnings per share guidance of $0.23-$0.29 for the period, compared to the consensus EPS estimate of $0.26. The company issued revenue guidance of $315.00 million-$325.00 million, compared to the consensus revenue estimate of $313.88 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 onsemi (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 investors include Paradigm Capital Management Inc. NY (4.33%), Voss Capital LLC (2.68%), Driehaus Capital Management LLC (1.95%), Geode Capital Management LLC (1.88%), Renaissance Technologies LLC (1.44%) and Dimensional Fund Advisors LP (1.43%). Insiders that own company stock include Charles Carinalli, Edward H Kennedy, 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 $17.79.

Extreme Networks (NASDAQ:EXTR) has a market capitalization of $2.30 billion and generates $1.11 billion in revenue each year. The technology company earns $44.27 million in net income (profit) each year or $0.36 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.