B. Riley Research Analysts Cut Earnings Estimates for EXTR

Extreme Networks, Inc. (NASDAQ:EXTR - Free Report) - Equities researchers at B. Riley cut their Q4 2025 earnings per share (EPS) estimates for shares of Extreme Networks in a report issued on Wednesday, January 29th. B. Riley analyst D. Kang now anticipates that the technology company will post earnings of $0.09 per share for the quarter, down from their previous forecast of $0.11. B. Riley has a "Buy" rating and a $21.00 price objective on the stock. The consensus estimate for Extreme Networks' current full-year earnings is $0.27 per share. B. Riley also issued estimates for Extreme Networks' Q1 2026 earnings at $0.08 EPS and Q4 2026 earnings at $0.19 EPS.

Several other research analysts have also recently commented on EXTR. Needham & Company LLC reaffirmed a "buy" rating and issued a $20.00 target price on shares of Extreme Networks in a research report on Thursday, January 30th. Craig Hallum upped their target price on shares of Extreme Networks from $17.00 to $22.50 and gave the company a "buy" rating in a research note on Thursday, October 31st. Rosenblatt Securities raised their price target on shares of Extreme Networks from $21.00 to $22.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Lake Street Capital upped their price objective on Extreme Networks from $15.00 to $16.00 and gave the company a "hold" rating in a research note on Thursday, January 30th. Finally, StockNews.com upgraded Extreme Networks from a "hold" rating to a "buy" rating in a research report on Thursday, December 19th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $20.30.

Extreme Networks Stock Performance

Shares of EXTR stock traded up $0.41 during mid-day trading on Monday, reaching $15.79. The stock had a trading volume of 1,064,932 shares, compared to its average volume of 1,016,047. Extreme Networks has a one year low of $10.49 and a one year high of $19.24. The firm has a market cap of $2.10 billion, a PE ratio of -16.80, a P/E/G ratio of 3.44 and a beta of 1.73. The firm's 50 day simple moving average is $17.12 and its 200 day simple moving average is $15.65. The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 3.34.

Extreme Networks (NASDAQ:EXTR - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The technology company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). Extreme Networks had a negative net margin of 11.98% and a negative return on equity of 110.86%.

Insider Buying and Selling at Extreme Networks

In other news, CEO Edward Meyercord sold 35,725 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $15.39, for a total transaction of $549,807.75. Following the transaction, the chief executive officer now directly owns 1,478,941 shares in the company, valued at approximately $22,760,901.99. This represents a 2.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles Carinalli sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $16.06, for a total transaction of $80,300.00. Following the completion of the sale, the director now directly owns 371,793 shares of the company's stock, valued at approximately $5,970,995.58. This represents a 1.33 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,725 shares of company stock worth $713,608. 3.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Extreme Networks

Several large investors have recently made changes to their positions in the company. Quarry LP bought a new stake in shares of Extreme Networks during the third quarter worth approximately $26,000. GAMMA Investing LLC lifted its stake in shares of Extreme Networks by 109.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,980 shares of the technology company's stock valued at $30,000 after purchasing an additional 1,035 shares during the period. Byrne Asset Management LLC bought a new position in shares of Extreme Networks in the 4th quarter worth $30,000. Pacer Advisors Inc. grew its stake in shares of Extreme Networks by 31.4% during the fourth quarter. Pacer Advisors Inc. now owns 3,104 shares of the technology company's stock worth $52,000 after purchasing an additional 741 shares during the period. Finally, KBC Group NV boosted its holdings in Extreme Networks by 54.3% during the third quarter. KBC Group NV now owns 4,959 shares of the technology company's stock worth $75,000 after buying an additional 1,745 shares during the last quarter. Institutional investors and hedge funds own 91.05% of the company's stock.

Extreme Networks Company Profile

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.