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NASDAQ:EXTR

Extreme Networks - EXTR Stock Forecast, Price & News

$13.20
-0.43 (-3.15%)
(As of 08/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$13.11
$13.70
50-Day Range
$8.59
$13.90
52-Week Range
$8.49
$16.60
Volume
1.15 million shs
Average Volume
1.21 million shs
Market Capitalization
$1.73 billion
P/E Ratio
38.82
Dividend Yield
N/A
Price Target
$16.13

Extreme Networks MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
22.2% Upside
$16.13 Price Target
Short Interest
Bearish
4.86% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.22mentions of Extreme Networks in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$902,630 Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

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

1.93 out of 5 stars

Computer And Technology Sector

473rd out of 644 stocks

Computer & Office Equipment Industry

12th out of 13 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.

Extreme Networks Trading Down 1.9 %

Shares of Extreme Networks stock opened at $13.63 on Tuesday. Extreme Networks has a fifty-two week low of $8.49 and a fifty-two week high of $16.60. The firm has a market cap of $1.78 billion, a PE ratio of 40.09 and a beta of 2.10. The business's fifty day moving average is $10.26 and its two-hundred day moving average is $10.96. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.99.

Extreme Networks (NASDAQ:EXTR - Get Rating) last issued its earnings results on Wednesday, July 27th. The technology company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. The business had revenue of $278.20 million for the quarter, compared to analyst estimates of $268.96 million. Extreme Networks had a return on equity of 82.16% and a net margin of 3.98%. The business's quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the company posted $0.12 EPS. Analysts anticipate that Extreme Networks will post 0.68 earnings per share for the current year.

Analyst Upgrades and Downgrades

EXTR has been the topic of a number of research reports. Needham & Company LLC upped their price target on Extreme Networks from $13.50 to $14.50 and gave the stock a "buy" rating in a report on Thursday, July 28th. Rosenblatt Securities increased their target price on Extreme Networks from $13.50 to $15.00 and gave the company a "buy" rating in a report on Thursday, July 28th. StockNews.com upgraded Extreme Networks from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 10th. Finally, B. Riley increased their target price on Extreme Networks from $17.00 to $18.00 in a report on Thursday, July 28th. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $16.13.

Insider Buying and Selling

In other Extreme Networks news, CFO Remi Thomas sold 10,000 shares of the firm's stock in a transaction dated Thursday, June 23rd. The stock was sold at an average price of $8.75, for a total value of $87,500.00. Following the transaction, the chief financial officer now directly owns 104,454 shares of the company's stock, valued at $913,972.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Extreme Networks news, CFO Remi Thomas sold 10,000 shares of the firm's stock in a transaction dated Thursday, June 23rd. The stock was sold at an average price of $8.75, for a total value of $87,500.00. Following the transaction, the chief financial officer now directly owns 104,454 shares of the company's stock, valued at $913,972.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Joseph A. Vitalone sold 46,682 shares of the firm's stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $12.83, for a total value of $598,930.06. Following the completion of the transaction, the executive now directly owns 44,979 shares in the company, valued at $577,080.57. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 76,682 shares of company stock valued at $902,630. 3.10% of the stock is currently owned by company insiders.

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EXTR Stock News Headlines

Extreme Networks (NASDAQ:EXTR) PT Raised to $15.00
What 4 Analyst Ratings Have To Say About Extreme Networks
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EXTR Company Calendar

Last Earnings
7/27/2022
Today
8/09/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
6/30/2023

Industry, Sector and Symbol

Industry
Computer & office equipment
Sub-Industry
Communications Equipment
Current Symbol
NASDAQ:EXTR
CUSIP
30226D10
Employees
2,441
Year Founded
1996

Price Target and Rating

Average Stock Price Forecast
$16.13
High Stock Price Forecast
$18.00
Low Stock Price Forecast
$14.50
Forecasted Upside/Downside
+22.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$44.27 million
Pretax Margin
4.69%

Debt

Sales & Book Value

Annual Sales
$1.11 billion
Cash Flow
$0.89 per share
Book Value
$0.69 per share

Miscellaneous

Free Float
126,780,000
Market Cap
$1.73 billion
Optionable
Optionable
Beta
2.10

Social Links


Key Executives














EXTR Stock - Frequently Asked Questions

Should I buy or sell Extreme Networks stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Extreme Networks in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street research 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 2022?

3 brokers have issued 12-month price targets for Extreme Networks' shares. Their EXTR share price forecasts range from $14.50 to $18.00. On average, they predict the company's stock price to reach $16.13 in the next year. This suggests a possible upside of 22.5% from the stock's current price.
View analysts price targets for EXTR
or view top-rated stocks among Wall Street analysts.

How has Extreme Networks' stock price performed in 2022?

Extreme Networks' stock was trading at $15.70 on January 1st, 2022. Since then, EXTR shares have decreased by 16.2% and is now trading at $13.16.
View the best growth stocks for 2022 here
.

When is Extreme Networks' next earnings date?

Extreme Networks is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our EXTR earnings forecast
.

How were Extreme Networks' earnings last quarter?

Extreme Networks, Inc. (NASDAQ:EXTR) issued its quarterly earnings data on Wednesday, July, 27th. The technology company reported $0.15 earnings per share for the quarter, hitting analysts' consensus estimates of $0.15. The technology company had revenue of $278.20 million for the quarter, compared to the consensus estimate of $268.96 million. Extreme Networks had a trailing twelve-month return on equity of 82.16% and a net margin of 3.98%. The firm's revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.12 EPS.

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

Extreme Networks updated its first quarter 2023 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of $0.15-$0.20 for the period, compared to the consensus earnings per share estimate of $0.17. The company issued revenue guidance of $279.00 million-$289.00 million, compared to the consensus revenue estimate of $278.51 million.

What is Ed Meyercord's approval rating as Extreme Networks' CEO?

380 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.

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 institutional and retail investors. Top institutional shareholders include Paradigm Capital Management Inc. NY (4.57%), Rock Creek Group LP (0.59%), Thompson Siegel & Walmsley LLC (0.55%), Lisanti Capital Growth LLC (0.50%), Assenagon Asset Management S.A. (0.45%) and Mirador Capital Partners LP (0.29%). Insiders that own company stock include Charles Carinalli, Edward H Kennedy, Edward Meyercord, Ingrid Burton, John C Shoemaker, Joseph A Vitalone, Raj Khanna, Remi Thomas and Robert J Gault.
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 $13.16.

How much money does Extreme Networks make?

Extreme Networks (NASDAQ:EXTR) has a market capitalization of $1.72 billion and generates $1.11 billion in revenue each year. The technology company earns $44.27 million in net income (profit) each year or $0.34 on an earnings per share basis.

How many employees does Extreme Networks have?

Extreme Networks employs 2,441 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 Australia Ltd., Aerohive Networks Europe Ltd., Aerohive Networks Inc., Aerohive Networks LLC, Aerohive Networks Netherlands BV, Aerohive Networks Netherlands Cooperatief UA, Aerohive Networks New Zealand Ltd., Avaya - Networking business, Enterasys Networks, Enterasys Networks Argentina SA, Enterasys Networks Inc., Extreme Federal Inc., Extreme Networks APAC Sdn Bhd., Extreme Networks Australia PTY Ltd., Extreme Networks BV, Extreme Networks Canada Inc., Extreme Networks Chile Ltda, Extreme Networks China Ltd., Extreme Networks Delaware LLC, Extreme Networks Do Brasil Ltda., Extreme Networks Do Brazil Ltda, Extreme Networks EMEA Ltd., 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 Limited, Extreme Networks Ireland Ops Limited, 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 SARL, 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 Limited, Extreme Networks s.r.o., IHC Networks AB, Optranet, Soapstone Networks, Summit CV, and Zebra Technologies - Wireless LAN Business.
Read More

When was Extreme Networks founded?

Extreme Networks was founded in 1996.

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 8/9/2022 by MarketBeat.com Staff

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