Extreme Networks (NASDAQ:EXTR) Upgraded at Zacks Research

Posted by Francis Steltz on Nov 4th, 2026

Extreme Networks (NASDAQ:EXTR – Get Free Report) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday, Zacks reports.

Several other analysts have also issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and set a $35.00 price target on shares of Extreme Networks in a research report on Wednesday, October 28th. Craig Hallum restated a “buy” rating on shares of Extreme Networks in a research report on Thursday, October 29th. Weiss Ratings upgraded Extreme Networks from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. Wall Street Zen upgraded Extreme Networks from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Finally, UBS Group set a $32.00 target price on Extreme Networks in a report on Thursday, October 29th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $33.86.

Get Our Latest Stock Report on Extreme Networks

Extreme Networks Trading Up 2.3%

EXTR opened at $22.81 on Monday. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 58.49, a P/E/G ratio of 1.44 and a beta of 1.81. The company has a quick ratio of 0.87, a current ratio of 1.02 and a debt-to-equity ratio of 2.27. Extreme Networks has a twelve month low of $13.48 and a twelve month high of $33.73. The company has a 50-day simple moving average of $22.48 and a 200 day simple moving average of $22.05.

Extreme Networks (NASDAQ:EXTR – Get Free Report) last released its earnings results on Wednesday, October 28th. The technology company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.28 by $0.05. Extreme Networks had a net margin of 3.99% and a return on equity of 102.41%. The firm had revenue of $341.09 million for the quarter, compared to analyst estimates of $336.75 million. During the same period last year, the firm earned $0.22 EPS. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. Analysts predict that Extreme Networks will post 0.86 EPS for the current fiscal year.

Insider Transactions at Extreme Networks

In related news, CEO Edward Meyercord sold 50,000 shares of Extreme Networks stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $21.77, for a total transaction of $1,088,500.00. Following the sale, the chief executive officer directly owned 1,710,097 shares of the company’s stock, valued at approximately $37,228,811.69. The trade was a 2.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevin R. Rhodes sold 21,825 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $22.30, for a total transaction of $486,697.50. Following the transaction, the chief financial officer owned 196,803 shares of the company’s stock, valued at approximately $4,388,706.90. This represents a 9.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Extreme Networks

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. First Bank & Trust lifted its stake in shares of Extreme Networks by 2.4% in the 2nd quarter. First Bank & Trust now owns 13,191 shares of the technology company’s stock valued at $427,000 after acquiring an additional 306 shares during the last quarter. GAMMA Investing LLC grew its position in Extreme Networks by 13.2% during the 2nd quarter. GAMMA Investing LLC now owns 4,001 shares of the technology company’s stock worth $130,000 after acquiring an additional 465 shares during the last quarter. CoreCap Advisors LLC grew its position in Extreme Networks by 72.3% during the 3rd quarter. CoreCap Advisors LLC now owns 1,201 shares of the technology company’s stock worth $26,000 after acquiring an additional 504 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in Extreme Networks by 2.3% in the 3rd quarter. Verdence Capital Advisors LLC now owns 25,166 shares of the technology company’s stock worth $540,000 after purchasing an additional 561 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Extreme Networks by 7.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,001 shares of the technology company’s stock worth $166,000 after purchasing an additional 735 shares in the last quarter. Institutional investors own 91.05% of the company’s stock.

Extreme Networks Company Profile

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Extreme Networks, Inc develops networking solutions that help organizations connect, manage and secure users, devices and applications across campus, data center and distributed environments. Its portfolio includes wired and wireless network infrastructure, Ethernet switches, access points, software-defined wide-area networking (SD-WAN), network access control and cloud-based network management.

The company’s ExtremeCloud platform supports centralized monitoring, configuration, analytics and automation for network operations.