Extreme Networks (NASDAQ:EXTR) Releases Quarterly Earnings Results, Misses Expectations By $0.07 EPS

Extreme Networks (NASDAQ:EXTR) posted its quarterly earnings data on Wednesday. The technology company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.07), Zacks reports. Extreme Networks had a negative return on equity of 117.77% and a negative net margin of 11.98%. Extreme Networks updated its FY 2025 guidance to EPS and its Q3 2025 guidance to 0.160-0.200 EPS.

Extreme Networks Trading Down 0.4 %

Shares of EXTR stock opened at $15.71 on Friday. Extreme Networks has a 52-week low of $10.49 and a 52-week high of $19.24. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of -16.73, a P/E/G ratio of 3.44 and a beta of 1.75. The company has a debt-to-equity ratio of 5.33, a quick ratio of 0.63 and a current ratio of 0.91. The firm has a fifty day moving average of $17.19 and a 200-day moving average of $15.59.

Insider Activity

In related news, Director Charles Carinalli sold 5,000 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $16.70, for a total transaction of $83,500.00. Following the completion of the sale, the director now owns 366,793 shares in the company, valued at $6,125,443.10. This trade represents a 1.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 3.70% of the company’s stock.

Wall Street Analysts Forecast Growth

EXTR has been the subject of several recent analyst reports. Lake Street Capital upped their price objective on shares of Extreme Networks from $15.00 to $16.00 and gave the stock a “hold” rating in a report on Thursday. 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 upped their target price on shares of Extreme Networks from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday. B. Riley upped their target price on shares of Extreme Networks from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, StockNews.com upgraded shares of Extreme Networks from a “hold” rating to a “buy” rating in a research note on Thursday, December 19th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Extreme Networks presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.25.

About Extreme Networks

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.