B. Riley Financial Forecasts Strong Price Appreciation for Extreme Networks (NASDAQ:EXTR) Stock

Posted by Stanley Muller on Aug 6th, 2026

Extreme Networks (NASDAQ:EXTR – Get Free Report) had its price objective lifted by analysts at B. Riley Financial from $28.00 to $34.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. B. Riley Financial’s price target points to a potential upside of 35.84% from the company’s current price.

Several other research firms have also weighed in on EXTR. Oppenheimer reiterated an “outperform” rating on shares of Extreme Networks in a research note on Thursday. Rosenblatt Securities reduced their price objective on Extreme Networks from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday. Lake Street Capital boosted their target price on Extreme Networks from $25.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, June 15th. Wall Street Zen lowered Extreme Networks from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 18th. Finally, Needham & Company LLC lowered their price target on Extreme Networks from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $32.43.

View Our Latest Stock Analysis on Extreme Networks

Extreme Networks Trading Down 4.4%

EXTR traded down $1.16 during trading on Thursday, reaching $25.03. The company had a trading volume of 252,490 shares, compared to its average volume of 2,070,596. The firm’s 50-day simple moving average is $30.36 and its 200 day simple moving average is $21.80. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.78 and a current ratio of 0.91. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 208.58, a PEG ratio of 1.99 and a beta of 1.79. Extreme Networks has a 12-month low of $13.48 and a 12-month high of $33.73.

Extreme Networks (NASDAQ:EXTR – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.29 by $0.03. Extreme Networks had a net margin of 1.30% and a return on equity of 81.88%. The business had revenue of $338.55 million during the quarter, compared to the consensus estimate of $332.49 million. During the same quarter in the prior year, the firm earned $0.25 EPS. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. Extreme Networks has set its FY 2027 guidance at 1.280-1.330 EPS and its Q1 2027 guidance at 0.270-0.290 EPS. Equities research analysts anticipate that Extreme Networks will post 0.53 earnings per share for the current year.

Insiders Place Their Bets

In other Extreme Networks news, insider Katayoun Motiey sold 30,000 shares of Extreme Networks stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $31.03, for a total value of $930,900.00. Following the transaction, the insider directly owned 120,834 shares of the company’s stock, valued at $3,749,479.02. The trade was a 19.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kevin R. Rhodes sold 35,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $30.43, for a total value of $1,065,050.00. Following the completion of the sale, the chief financial officer directly owned 151,296 shares of the company’s stock, valued at $4,603,937.28. This represents a 18.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 422,182 shares of company stock valued at $11,905,205. Company insiders own 3.60% of the company’s stock.

Institutional Trading of Extreme Networks

A number of hedge funds have recently bought and sold shares of the stock. Alyeska Investment Group L.P. boosted its stake in shares of Extreme Networks by 301.9% during the fourth quarter. Alyeska Investment Group L.P. now owns 2,971,718 shares of the technology company’s stock valued at $49,479,000 after acquiring an additional 2,232,373 shares during the last quarter. Jain Global LLC purchased a new stake in shares of Extreme Networks during the fourth quarter worth about $17,361,000. SEB Asset Management AB acquired a new position in shares of Extreme Networks in the first quarter valued at approximately $12,192,000. Millennium Management LLC boosted its position in Extreme Networks by 163.0% during the first quarter. Millennium Management LLC now owns 1,260,362 shares of the technology company’s stock worth $16,675,000 after acquiring an additional 781,103 shares during the last quarter. Finally, Glenmede Trust Co. NA acquired a new position in Extreme Networks in the 1st quarter valued at $10,129,000. 91.05% of the stock is owned by institutional investors.

Extreme Networks News Roundup

Here are the key news stories impacting Extreme Networks this week:

Positive Sentiment: Fourth-quarter results beat expectations: Extreme Networks reported adjusted earnings of $0.32 per share versus the $0.29 consensus estimate, while revenue of $338.55 million exceeded expectations of $332.49 million. Revenue increased 10.3% year over year, and EPS rose from $0.25 in the prior-year quarter. Extreme Networks Q4 Earnings and Revenues Beat Estimates
Positive Sentiment: Fiscal 2027 outlook topped EPS expectations: Management forecast first-quarter EPS of $0.27–$0.29 and revenue of $334 million–$339 million, both ahead of consensus. Full-year EPS guidance of $1.28–$1.33 also exceeded the $1.21 analyst estimate, although full-year revenue guidance was broadly in line with expectations. Extreme Networks Reports Fiscal 2026 Results
Neutral Sentiment: Analysts remain constructive but trimmed targets: Needham reduced its target from $38 to $35 and Rosenblatt lowered its target from $39 to $38; both retained Buy ratings. The target cuts may signal more limited near-term upside after the earnings release.
Negative Sentiment: Valuation and profitability remain concerns: Extreme Networks trades at a high earnings multiple, while its reported net margin was only 1.30%. Investors may be demanding stronger growth or profitability to support the valuation.
Negative Sentiment: CEO share sale adds pressure: CEO Edward Meyercord sold 50,000 shares worth approximately $1.49 million, reducing his direct stake by 3.04%. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, which reduces its significance as a discretionary bearish signal, but it can still weigh on sentiment. Extreme Networks CEO Sells 50,000 Shares

About Extreme Networks

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Extreme Networks, Inc (NASDAQ: EXTR) is a global provider of end-to-end networking solutions designed to support enterprise, data center, and service provider environments. The company’s product portfolio encompasses high-performance wired and wireless access switches, routers, network security appliances, and software-defined networking (SDN) tools. Driven by a cloud-native management architecture, Extreme’s Intelligent Edge Platform integrates network analytics, automation and orchestration capabilities to help organizations optimize performance, reduce operational complexity and strengthen security.

Since its founding in the mid-1990s and subsequent public listing in 1999, Extreme Networks has expanded its technology footprint through targeted acquisitions.