<div id="readability-page-1"><p><span>Extreme Networks (NASDAQ:EXTR - Get Free Report)</span> was downgraded by analysts at Wall Street Zen from a &#34;strong-buy&#34; rating to a &#34;buy&#34; rating in a research report issued on Saturday.</p><div><p><span></span><span>Get <strong>Extreme Networks</strong> alerts:</span></p></div><ul><li>Ciena Stock: Powering the AI Boom - A Network Infrastructure Play</li></ul><p>Other equities research analysts have also recently issued reports about the stock. Lake Street Capital  reaffirmed a &#34;buy&#34; rating and issued a $25.00 price objective on shares of Extreme Networks in a research report on Thursday, April 30th. Rosenblatt Securities  reaffirmed a &#34;buy&#34; rating and issued a $25.00 price objective on shares of Extreme Networks in a research report on Thursday, January 29th. Weiss Ratings raised shares of Extreme Networks from a &#34;sell (d+)&#34; rating to a &#34;hold (c-)&#34; rating in a research report on Friday, May 1st. Needham &amp; Company LLC boosted their price objective on shares of Extreme Networks from $21.00 to $26.00 and gave the company a &#34;buy&#34; rating in a research report on Thursday, April 30th. Finally, B. Riley Financial  reaffirmed a &#34;buy&#34; rating on shares of Extreme Networks in a research report on Thursday, April 30th. Six analysts have rated the stock with a Buy rating and two have issued  a Hold rating to the stock. Based on data from MarketBeat.com, Extreme Networks  has a consensus rating of &#34;Moderate Buy&#34; and an average target price of $25.50.</p><p><b>View Our Latest Report on Extreme Networks</b></p><h2>Extreme Networks Trading Down 0.2%</h2><ul><li>Arista Networks Advances the Era of AI and  Microperimeters  </li></ul><p>EXTR opened at $24.66 on Friday. The stock has a market capitalization of $3.22 billion, a P/E ratio of 205.50, a P/E/G ratio of 2.33 and a beta of 1.77. Extreme Networks has a 12 month low of $13.48 and a 12 month high of $25.13. The firm's fifty day simple moving average is $17.59 and its 200 day simple moving average is $16.77. The company has a current ratio of 0.91, a quick ratio of 0.78 and a debt-to-equity ratio of 1.89. </p><p>Extreme Networks (NASDAQ:EXTR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. The business had revenue of $316.87 million for the quarter, compared to analysts' expectations of $311.48 million. Extreme Networks had a net margin of 1.30% and a return on equity of 81.88%. The firm's revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 EPS. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS.  As a group, research analysts anticipate that  Extreme Networks will post 0.53 EPS for the current fiscal year. </p><h2>Insiders Place Their Bets</h2><ul><li>Extreme Networks Snags an Upgrade on Inventory Normalization</li></ul><p>In other Extreme Networks news, CEO Edward Meyercord sold 21,209 shares of the business's stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $23.12, for a total transaction of $490,352.08. Following the sale, the chief executive officer directly owned 1,797,270 shares of the company's stock, valued at $41,552,882.40. The trade was a 1.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Edward H. Kennedy sold 50,000 shares of the business's stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $22.86, for a total transaction of $1,143,000.00. Following the transaction, the director owned 576,045 shares in the company, valued at $13,168,388.70. This represents a 7.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 270,000 shares of company stock valued at $5,773,273 in the last three months. 3.60% of the stock is currently owned by corporate insiders. </p><h2>Institutional Inflows and Outflows</h2><p>Several institutional investors have recently modified their holdings of the company. Entropy Technologies LP increased its stake in shares of  Extreme Networks by 9.4% during the 1st quarter. Entropy Technologies LP now owns 31,749 shares of the technology company's stock worth $479,000 after purchasing an additional 2,730 shares during the last quarter.  Renaissance Technologies LLC increased its stake in shares of  Extreme Networks by 32.6% during the 1st quarter. Renaissance Technologies LLC now owns 2,076,080 shares of the technology company's stock worth $31,307,000 after purchasing an additional 510,215 shares during the last quarter.  Paradigm Capital Management Inc. NY increased its stake in shares of  Extreme Networks by 5.3% during the 1st quarter. Paradigm Capital Management Inc. NY now owns 5,234,900 shares of the technology company's stock worth $78,942,000 after purchasing an additional 262,400 shares during the last quarter.  Arrowstreet Capital Limited Partnership increased its stake in shares of  Extreme Networks by 7.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,247,680 shares of the technology company's stock worth $48,975,000 after purchasing an additional 230,617 shares during the last quarter.  Finally, Sei Investments Co. increased its stake in shares of  Extreme Networks by 50.8% during the 1st quarter. Sei Investments Co. now owns 360,866 shares of the technology company's stock worth $5,442,000 after purchasing an additional 121,535 shares during the last quarter. 91.05% of the stock is currently owned by institutional investors and hedge funds. </p><h2>Extreme Networks Company Profile</h2> (Get Free Report)<p>Extreme Networks, Inc <span>NASDAQ: EXTR<span></span></span> 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.  </p><p>Since its founding in the mid-1990s and subsequent public listing in 1999, Extreme Networks has expanded its technology footprint through targeted acquisitions.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Extreme Networks</li><li>Viking Sails to All-Time Highs—Fundamentals Signal More to Come</li><li>Datavalut Gains Traction: 5 Reasons to Sell Now</li><li>TMC Stock: Why This Pre-Revenue Miner Is Worth Watching</li><li>The Power Grid Is Dying—Is It Time to Buy Its Replacement?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RVhUUg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RVhUUg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Extreme Networks Right Now?</h2><p>Before you consider Extreme Networks, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Extreme Networks wasn't on the list.</p><p>While Extreme Networks currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

EXTR

<p>Wall Street Zen downgraded Extreme Networks (NASDAQ:EXTR) from a 'strong-buy' to a 'buy' rating. Other analysts maintained 'buy' ratings with a target price of $25.00. The stock opened at $24.66, with a market cap of $3.22 billion. Extreme Networks reported a quarterly EPS of $0.26, exceeding estimates, and anticipates a Q4 2026 EPS of 0.280-0.300. Recent insider sales included CEO Edward Meyercord selling 21,209 shares.</p>

Extreme Networks (NASDAQ:EXTR) Downgraded to "Buy" Rating by Wall Street Zen