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NASDAQ:EXTR

Extreme Networks - EXTR Stock Forecast, Price & News

$17.78
-0.25 (-1.39%)
(As of 02/1/2023 10:57 AM ET)
Add
Compare
Today's Range
$17.62
▼
$18.01
50-Day Range
$16.50
▼
$20.97
52-Week Range
$8.49
▼
$21.03
Volume
213,653 shs
Average Volume
1.69 million shs
Market Capitalization
$2.30 billion
P/E Ratio
49.39
Dividend Yield
N/A
Price Target
$21.25

Extreme Networks MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
19.5% Upside
$21.25 Price Target
Short Interest
Bearish
7.80% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.31
Upright™ Environmental Score
News Sentiment
0.33mentions of Extreme Networks in the last 14 days
Based on 21 Articles This Week
Insider Trading
Selling Shares
$848,494 Sold Last Quarter
Proj. Earnings Growth
60.66%
From $0.61 to $0.98 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.39 out of 5 stars

Computer And Technology Sector

164th out of 630 stocks

Computer & Office Equipment Industry

7th out of 12 stocks

See Top Rated MarketRank™ Stocks Here

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.

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EXTR Stock News Headlines

February 1, 2023 | marketbeat.com
Should You Buy Dividend Achiever Cisco Ahead Of Earnings? (EXTR)
Cisco has increased its dividend in each of the past 12 years. The stock has been forming a base with a 10% correction ahead of its February 15 earnings report.
January 30, 2023 | marketbeat.com
Why Extreme Networks is a Recession-Proof Technology Play
Spending cuts and layoffs are continually making headlines as the economy contracts. Some of the most prominent household names have announced plans or
February 1, 2023 | Investing Trends (Ad)
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January 29, 2023 | americanbankingnews.com
Needham & Company LLC Boosts Extreme Networks (NASDAQ:EXTR) Price Target to $23.50
January 28, 2023 | americanbankingnews.com
Extreme Networks (NASDAQ:EXTR) Shares Up 6.1% After Analyst Upgrade
January 27, 2023 | finance.yahoo.com
Extreme Networks Second Quarter 2023 Earnings: Beats Expectations
January 27, 2023 | americanbankingnews.com
Joseph A. Vitalone Sells 19,854 Shares of Extreme Networks, Inc. (NASDAQ:EXTR) Stock
January 26, 2023 | markets.businessinsider.com
Rosenblatt Securities Keeps Their Buy Rating on Extreme Networks (EXTR)
February 1, 2023 | PressReach (Ad)
Top Lithium Stock To Watch
Today's stock market news features a lithium stock with blue sky potential.
January 26, 2023 | finance.yahoo.com
Extreme Networks, Inc. (NASDAQ:EXTR) Q2 2023 Earnings Call Transcript
January 25, 2023 | finance.yahoo.com
Why Extreme Networks Stock Took a Dive Today
January 25, 2023 | marketwatch.com
Extreme Networks Stock Plunges on CFO Exit
January 25, 2023 | seekingalpha.com
Extreme Networks, Inc. (EXTR) Q2 2023 Earnings Call Transcript
January 25, 2023 | msn.com
Extreme Networks stock slumps ~20% amid CFO resignation, despite Q2 beat, raised outlook
January 25, 2023 | markets.businessinsider.com
Extreme Networks Plunges Following CFO's Resignation
January 25, 2023 | finance.yahoo.com
Extreme Networks Clocks 13% Revenue Growth In Q2; Initiates Search For New CFO After Rémi Thomas Resigns
January 25, 2023 | marketwatch.com
Extreme Networks Financial Chief Remi Thomas Resigns >EXTR
January 25, 2023 | msn.com
Extreme Networks CFO Rémi Thomas to resign
January 25, 2023 | markets.businessinsider.com
Extreme Networks Inc. Q2 Profit Increases, beats estimates
January 25, 2023 | finance.yahoo.com
Extreme Networks Announces CFO Transition
January 25, 2023 | finance.yahoo.com
Extreme Networks (EXTR) Tops Q2 Earnings and Revenue Estimates
January 24, 2023 | msn.com
Earnings Preview: Extreme Networks
January 24, 2023 | markets.businessinsider.com
Here's what Wall Street expects from Extreme Networks's earnings report
January 23, 2023 | finance.yahoo.com
Extreme Networks Likely To Beat Q2 Driven By Backlogs As Supply Constraints Ease Out, Analyst Says
January 23, 2023 | forbes.com
A First Chat With New Infoblox President And CEO Scott Harrel
January 23, 2023 | finance.yahoo.com
Calculating The Fair Value Of Extreme Networks, Inc. (NASDAQ:EXTR)
January 23, 2023 | markets.businessinsider.com
Rosenblatt Securities Reaffirms Their Buy Rating on Extreme Networks (EXTR)
See More Headlines
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EXTR Company Calendar

Last Earnings
11/02/2021
Today
2/01/2023
Next Earnings (Estimated)
4/26/2023
Fiscal Year End
6/30/2023
Get Stock Alerts

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
2,643
Year Founded
1996

Price Target and Rating

Average Stock Price Forecast
$21.25
High Stock Price Forecast
$23.50
Low Stock Price Forecast
$18.00
Forecasted Upside/Downside
+19.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$0.36
Trailing P/E Ratio
49.39
Forward P/E Ratio
29.15
P/E Growth
N/A
Net Income
$44.27 million
Net Margins
4.13%
Pretax Margin
4.85%
Return on Equity
71.00%
Return on Assets
6.48%

Debt

Debt-to-Equity Ratio
2.63
Current Ratio
0.94
Quick Ratio
0.82

Sales & Book Value

Annual Sales
$1.11 billion
Price / Sales
2.06
Cash Flow
$0.95 per share
Price / Cash Flow
18.62
Book Value
$0.65 per share
Price / Book
27.35

Miscellaneous

Outstanding Shares
129,180,000
Free Float
127,194,000
Market Cap
$2.30 billion
Optionable
Optionable
Beta
2.10

Social Links


Key Executives

  • Mr. Edward B. Meyercord IIIMr. 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

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?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Extreme Networks in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" EXTR shares.
View EXTR analyst ratings or view top-rated stocks.

What is Extreme Networks' stock price forecast for 2023?

4 analysts have issued 1-year price targets for Extreme Networks' stock. Their EXTR share price forecasts range from $18.00 to $23.50. On average, they predict the company's stock price to reach $21.25 in the next twelve months. This suggests a possible upside of 17.9% 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 the year. Since then, EXTR stock has decreased by 1.5% and is now trading at $18.03.
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 Wednesday, April 26th 2023.
View our EXTR earnings forecast.

How were Extreme Networks' earnings last quarter?

Extreme Networks, Inc. (NASDAQ:EXTR) announced 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 the consensus estimate of $256.94 million. Extreme Networks had a net margin of 4.13% and a trailing twelve-month return on equity of 71.00%. The business's quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.02 EPS.

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

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 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.

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 onsemi (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 shareholders include Lyell Wealth Management LP (0.42%), Capital Advantage Inc. (0.15%), Calamos Advisors LLC (0.12%), Comerica Bank (0.11%), Ironwood Investment Management LLC (0.09%) and New York State Common Retirement Fund (0.07%). 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.
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 $18.03.

How much money does Extreme Networks make?

Extreme Networks (NASDAQ:EXTR) has a market capitalization of $2.37 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.

How many employees does Extreme Networks have?

The company employs 2,643 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.
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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 2/1/2023 by MarketBeat.com Staff