Extreme Networks (EXTR) Stock Price, News & Analysis

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Extreme Networks in the last twelve months. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" EXTR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EXTR, but not buy additional shares or sell existing shares.
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7 brokerages have issued 12 month target prices for Extreme Networks' stock. Their EXTR share price targets range from $13.00 to $35.00. On average, they expect the company's share price to reach $20.50 in the next year. This suggests a possible upside of 83.0% from the stock's current price.
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Extreme Networks' stock was trading at $17.64 on January 1st, 2024. Since then, EXTR stock has decreased by 36.5% and is now trading at $11.20.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
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Extreme Networks, Inc. (NASDAQ:EXTR) released its quarterly earnings results 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 had revenue of $267.70 million for the quarter, compared to analysts' expectations of $256.94 million. Extreme Networks had a negative net margin of 0.52% and a positive trailing twelve-month return on equity of 37.36%. The company's quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous 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 U.S. Digital Infrastructure and Real Estate ETF (IGN), SPDR S&P Telecom ETF (XTL), SRH U.S. Quality ETF (SRHQ), AdvisorShares Let Bob AI Powered Momentum ETF (LETB), Defiance Next Gen Connectivity ETF (FIVG), Invesco S&P SmallCap Information Technology ETF (PSCT), Invesco S&P SmallCap Quality ETF (XSHQ) and Pacer US Small Cap Cash Cows 100 ETF (CALF).

Extreme Networks issued an update on its fourth quarter 2024 earnings guidance on Wednesday, May, 1st. The company provided earnings per share (EPS) guidance of 0.110-0.150 for the period, compared to the consensus EPS estimate of 0.150. The company issued revenue guidance of $250.0 million-$260.0 million, compared to the consensus revenue estimate of $271.2 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' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Principal Financial Group Inc. (0.61%), Raymond James & Associates (0.43%), BNP Paribas Financial Markets (0.34%), Horrell Capital Management Inc. (0.26%), Nordea Investment Management AB (0.19%) and Mirador Capital Partners LP (0.19%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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