Extreme Networks (EXTR) Stock Forecast, Price Target & Predictions
EXTR Stock Forecast
Extreme Networks stock forecast is as follows: an average price target of $19.33 (represents a 30.17% upside from EXTR’s last price of $14.85) and a rating consensus of 'Buy', based on 6 wall street analysts offering a 1-year stock forecast.
EXTR Price Target
The average price target for Extreme Networks (EXTR) is $19.33 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $35.00 to $13.00. This represents a potential 30.17% upside from EXTR's last price of $14.85.
EXTR Analyst Ratings
According to 6 Wall Street analysts, Extreme Networks's rating consensus is 'Buy'. The analyst rating breakdown for EXTR stock is 0 'Strong Buy' (0.00%), 4 'Buy' (66.67%), 1 'Hold' (16.67%), 1 'Sell' (16.67%), and 0 'Strong Sell' (0.00%).
Extreme Networks Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| May 16, 2024 | Christian Schwab | Craig-Hallum | $14.00 | $10.84 | 29.15% | -5.72% |
| May 02, 2024 | Mike Genovese | Rosenblatt Securities | $17.00 | $11.45 | 48.47% | 14.48% |
| Apr 29, 2024 | Eric Martinuzzi | Loop Capital Markets | $13.00 | $11.57 | 12.31% | -12.46% |
| Apr 15, 2024 | Dave King | C.L. King | $14.00 | $10.70 | 30.84% | -5.72% |
| Dec 28, 2023 | Alex Henderson | Needham | $23.00 | $17.95 | 28.10% | 54.88% |
| Jun 28, 2023 | Timothy Horan | Oppenheimer | $35.00 | $24.23 | 44.45% | 135.69% |
| Jan 04, 2023 | - | Needham | $23.00 | $18.43 | 24.80% | 54.88% |
The latest Extreme Networks stock forecast, released on May 16, 2024 by Christian Schwab from Craig-Hallum, set a price target of $14.00, which represents a 29.15% increase from the stock price at the time of the forecast ($10.84), and a -5.72% decrease from EXTR last price ($14.85).
Extreme Networks Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 5 |
| Avg Price Target | - | - | $16.20 |
| Last Closing Price | $14.85 | $14.85 | $14.85 |
| Upside/Downside | -100.00% | -100.00% | 9.09% |
In the current month, the average price target of Extreme Networks stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Extreme Networks's last price of $14.85. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 08, 2024 | Craig-Hallum | Buy | Buy | Hold |
| Jun 10, 2024 | Needham | Underperform | Underperform | Hold |
| Jun 10, 2024 | Rosenblatt Securities | Buy | Buy | Hold |
| May 16, 2024 | Craig-Hallum | - | Buy | Upgrade |
| May 15, 2024 | Rosenblatt Securities | Buy | Buy | Hold |
| May 15, 2024 | Needham | Underperform | Underperform | Hold |
| May 02, 2024 | B. Riley | Buy | Buy | Hold |
| Apr 29, 2024 | Lake Street | Hold | Hold | Hold |
| Apr 15, 2024 | Needham | Underperform | Underperform | Hold |
| Apr 15, 2024 | UBS | Buy | Buy | Hold |
Extreme Networks's last stock rating was published by Craig-Hallum on Aug 08, 2024. The company gave EXTR a "Buy" rating, the same as its previous rate.
Extreme Networks Financial Forecast
Extreme Networks Revenue Forecast
| Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $296.38M | $353.14M | $363.91M | $332.51M | $318.35M | $297.69M | $278.20M | $285.51M | $280.93M | $267.68M | $278.09M | $253.40M | $242.13M | $235.80M | $215.52M | $209.52M |
| Avg Forecast | $322.16M | $309.24M | $306.13M | $305.79M | $318.20M | $300.94M | $300.21M | $287.11M | $298.16M | $279.87M | $277.91M | $260.55M | $253.21M | $205.53M | $303.02M | $347.10M | $343.54M | $319.42M | $304.37M | $282.85M | $268.95M | $280.77M | $272.07M | $256.94M | $263.88M | $244.73M | $243.74M | $232.50M | $212.68M | $209.94M |
| High Forecast | $326.06M | $312.97M | $309.83M | $309.48M | $322.05M | $304.58M | $303.84M | $290.58M | $301.76M | $283.26M | $281.27M | $262.24M | $256.27M | $208.01M | $306.68M | $351.96M | $347.69M | $323.28M | $308.05M | $286.27M | $271.45M | $283.37M | $274.59M | $259.33M | $266.33M | $247.00M | $246.00M | $234.66M | $214.66M | $211.89M |
| Low Forecast | $317.77M | $305.02M | $301.96M | $301.62M | $313.87M | $296.84M | $296.12M | $283.19M | $294.09M | $276.06M | $274.12M | $258.86M | $249.76M | $202.73M | $298.89M | $342.06M | $338.85M | $315.07M | $300.22M | $279.00M | $266.25M | $277.95M | $269.33M | $254.36M | $261.23M | $242.27M | $241.29M | $230.17M | $210.55M | $207.83M |
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | - | 1 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 15 | 9 | 9 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | 1.02% | 1.06% | 1.04% | 1.05% | 1.05% | 1.03% | 1.02% | 1.03% | 1.04% | 1.05% | 1.04% | 0.99% | 1.01% | 1.01% | 1.00% |
Extreme Networks's average Quarter revenue forecast for Mar 24 based on 0 analysts is $205.53M, with a low forecast of $202.73M, and a high forecast of $208.01M. EXTR's average Quarter revenue forecast represents a -30.65% decrease compared to the company's last Quarter revenue of $296.38M (Dec 23).
Extreme Networks EBITDA Forecast
| Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | - | 1 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 15 | 9 | 9 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $10.32M | $35.90M | $47.87M | $39.95M | $33.69M | $28.11M | $21.14M | $30.08M | $28.24M | $30.24M | $30.54M | $24.69M | $18.74M | $14.39M | $2.20M | $-20.66M |
| Avg Forecast | $22.01M | $21.13M | $20.91M | $20.89M | $21.74M | $20.56M | $20.51M | $19.61M | $20.37M | $19.12M | $18.98M | $17.80M | $17.30M | $27.07M | $20.70M | $23.71M | $23.47M | $24.61M | $20.79M | $26.21M | $18.37M | $22.37M | $18.59M | $17.55M | $18.03M | $18.99M | $16.65M | $15.88M | $14.53M | $-20.66M |
| High Forecast | $22.27M | $21.38M | $21.17M | $21.14M | $22.00M | $20.81M | $20.76M | $19.85M | $20.61M | $19.35M | $19.21M | $17.91M | $17.51M | $32.48M | $20.95M | $24.04M | $23.75M | $29.53M | $21.04M | $31.45M | $18.54M | $26.84M | $18.76M | $17.72M | $18.19M | $22.79M | $16.81M | $16.03M | $14.66M | $-16.53M |
| Low Forecast | $21.71M | $20.84M | $20.63M | $20.60M | $21.44M | $20.28M | $20.23M | $19.35M | $20.09M | $18.86M | $18.73M | $17.68M | $17.06M | $21.65M | $20.42M | $23.37M | $23.15M | $19.68M | $20.51M | $20.97M | $18.19M | $17.89M | $18.40M | $17.38M | $17.85M | $15.19M | $16.48M | $15.72M | $14.38M | $-24.79M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.50% | 1.51% | 2.04% | 1.62% | 1.62% | 1.07% | 1.15% | 1.34% | 1.52% | 1.72% | 1.69% | 1.30% | 1.13% | 0.91% | 0.15% | 1.00% |
0 analysts predict EXTR's average Quarter EBITDA for Mar 24 to be $27.07M, with a high of $32.48M and a low of $21.65M. This is 162.37% upper than Extreme Networks's previous annual EBITDA (Dec 23) of $10.32M.
Extreme Networks Net Income Forecast
| Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | - | 1 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 15 | 9 | 9 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $3.99M | $28.68M | $25.43M | $22.13M | $17.93M | $12.59M | $5.41M | $12.82M | $13.34M | $12.70M | $10.33M | $3.47M | $-3.05M | $-8.81M | $-21.22M | $-44.35M |
| Avg Forecast | $41.35M | $35.22M | $35.75M | $32.64M | $38.29M | $32.16M | $32.74M | $26.99M | $31.90M | $23.95M | $23.56M | $15.76M | $16.44M | $12.93M | $32.23M | $41.16M | $40.97M | $11.76M | $30.61M | $11.00M | $18.86M | $10.69M | $22.38M | $20.51M | $22.53M | $2.67M | $18.25M | $8.55M | $-3.53M | $-44.35M |
| High Forecast | $42.00M | $35.78M | $36.31M | $33.16M | $38.89M | $32.67M | $33.26M | $27.42M | $32.40M | $24.33M | $23.93M | $16.01M | $16.70M | $15.52M | $37.00M | $43.73M | $41.61M | $14.11M | $31.09M | $13.20M | $19.09M | $12.82M | $22.65M | $20.76M | $22.80M | $3.20M | $18.47M | $8.65M | $-3.48M | $-35.48M |
| Low Forecast | $40.62M | $34.60M | $35.12M | $32.07M | $37.61M | $31.59M | $32.16M | $26.51M | $31.33M | $23.53M | $23.14M | $15.48M | $16.15M | $10.34M | $27.45M | $37.30M | $40.24M | $9.40M | $30.07M | $8.80M | $18.62M | $8.55M | $22.08M | $20.25M | $22.23M | $2.14M | $18.02M | $8.44M | $-3.57M | $-53.22M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.12% | 0.70% | 0.62% | 1.88% | 0.59% | 1.14% | 0.29% | 1.20% | 0.60% | 0.62% | 0.46% | 1.30% | -0.17% | -1.03% | 6.01% | 1.00% |
Extreme Networks's average Quarter net income forecast for Mar 24 is $12.93M, with a range of $10.34M to $15.52M. EXTR's average Quarter net income forecast represents a 224.24% increase compared to the company's last Quarter net income of $3.99M (Dec 23).
Extreme Networks SG&A Forecast
| Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | - | 1 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 15 | 9 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $110.54M | $115.79M | $119.64M | $105.64M | $104.62M | $96.93M | $96.64M | $90.55M | $89.44M | $86.53M | $92.24M | $86.92M | $83.09M | $80.79M | $82.50M | $85.25M |
| Avg Forecast | $113.02M | $108.48M | $107.39M | $107.27M | $111.63M | $105.57M | $105.32M | $100.72M | $104.60M | $98.18M | $97.49M | $91.40M | $88.83M | $91.31M | $106.30M | $121.77M | $120.52M | $83.01M | $106.78M | $74.99M | $94.35M | $75.46M | $95.44M | $90.14M | $92.57M | $66.86M | $85.51M | $81.56M | $74.61M | $85.25M |
| High Forecast | $114.38M | $109.79M | $108.69M | $108.57M | $112.98M | $106.85M | $106.59M | $101.94M | $105.86M | $99.37M | $98.67M | $92.00M | $89.90M | $109.57M | $107.59M | $123.47M | $121.97M | $99.61M | $108.07M | $89.99M | $95.23M | $90.55M | $96.33M | $90.98M | $93.43M | $80.23M | $86.30M | $82.32M | $75.30M | $102.30M |
| Low Forecast | $111.48M | $107.01M | $105.93M | $105.81M | $110.11M | $104.13M | $103.88M | $99.35M | $103.17M | $96.84M | $96.16M | $90.81M | $87.62M | $73.05M | $104.85M | $120.00M | $118.87M | $66.41M | $105.32M | $59.99M | $93.40M | $60.37M | $94.49M | $89.23M | $91.64M | $53.49M | $84.65M | $80.75M | $73.86M | $68.20M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.04% | 0.95% | 0.99% | 1.27% | 0.98% | 1.29% | 1.02% | 1.20% | 0.94% | 0.96% | 1.00% | 1.30% | 0.97% | 0.99% | 1.11% | 1.00% |
Extreme Networks's average Quarter SG&A projection for Mar 24 is $91.31M, based on 0 Wall Street analysts, with a range of $73.05M to $109.57M. The forecast indicates a -17.40% fall compared to EXTR last annual SG&A of $110.54M (Dec 23).
Extreme Networks EPS Forecast
| Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | - | 1 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 15 | 9 | 9 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.03 | $0.22 | $0.20 | $0.17 | $0.14 | $0.10 | $0.04 | $0.10 | $0.10 | $0.10 | $0.08 | $0.03 | $-0.02 | $-0.07 | $-0.18 | $-0.37 |
| Avg Forecast | $0.32 | $0.27 | $0.27 | $0.25 | $0.29 | $0.25 | $0.25 | $0.21 | $0.25 | $0.18 | $0.18 | $0.12 | $0.13 | $-0.18 | $0.25 | $0.32 | $0.31 | $0.26 | $0.24 | $0.17 | $0.14 | $0.18 | $0.17 | $0.16 | $0.17 | $0.13 | $0.14 | $0.07 | $-0.03 | $-0.14 |
| High Forecast | $0.32 | $0.28 | $0.28 | $0.25 | $0.30 | $0.25 | $0.26 | $0.21 | $0.25 | $0.19 | $0.18 | $0.12 | $0.13 | $-0.18 | $0.28 | $0.34 | $0.32 | $0.26 | $0.24 | $0.17 | $0.15 | $0.18 | $0.17 | $0.16 | $0.18 | $0.13 | $0.14 | $0.07 | $-0.03 | $-0.13 |
| Low Forecast | $0.31 | $0.27 | $0.27 | $0.25 | $0.29 | $0.24 | $0.25 | $0.20 | $0.24 | $0.18 | $0.18 | $0.12 | $0.12 | $-0.18 | $0.21 | $0.29 | $0.31 | $0.25 | $0.23 | $0.17 | $0.14 | $0.18 | $0.17 | $0.16 | $0.17 | $0.13 | $0.14 | $0.06 | $-0.03 | $-0.14 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.12% | 0.70% | 0.64% | 0.66% | 0.59% | 0.59% | 0.28% | 0.55% | 0.58% | 0.63% | 0.46% | 0.23% | -0.14% | -1.07% | 6.63% | 2.71% |
According to 0 Wall Street analysts, Extreme Networks's projected average Quarter EPS for Mar 24 is $-0.18, with a low estimate of $-0.18 and a high estimate of $-0.18. This represents a -678.19% decrease compared to EXTR previous annual EPS of $0.03 (Dec 23).
Extreme Networks Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| CASA | Casa Systems | $0.04 | $9.50 | 23650.00% | - |
| ADTN | ADTRAN | $5.44 | $15.67 | 188.05% | Buy |
| KVHI | KVH Industries | $4.69 | $13.00 | 177.19% | Buy |
| CMTL | Comtech Telecommunications | $3.30 | $9.00 | 172.73% | Hold |
| CLFD | Clearfield | $39.64 | $61.60 | 55.40% | Buy |
| DGII | Digi | $26.60 | $39.80 | 49.62% | Buy |
| EXTR | Extreme Networks | $14.85 | $19.33 | 30.17% | Buy |
| HLIT | Harmonic | $13.41 | $17.00 | 26.77% | Buy |
| CIEN | Ciena | $56.17 | $64.74 | 15.26% | Buy |
| HPE | Hewlett Packard Enterprise Company | $17.15 | $19.06 | 11.14% | Hold |
| NTGR | NETGEAR | $21.94 | $22.00 | 0.27% | Buy |
| MSI | Motorola Solutions | $441.76 | $344.83 | -21.94% | Buy |
| SATS | EchoStar | $24.27 | $14.13 | -41.78% | Hold |
EXTR Forecast FAQ
Is Extreme Networks a good buy?
Yes, according to 6 Wall Street analysts, Extreme Networks (EXTR) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 66.67% of EXTR's total ratings.
What is EXTR's price target?
Extreme Networks (EXTR) average price target is $19.33 with a range of $13 to $35, implying a 30.17% from its last price of $14.85. The data is based on 6 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Extreme Networks stock go up soon?
According to Wall Street analysts' prediction for EXTR stock, the company can go up by 30.17% (from the last price of $14.85 to the average price target of $19.33), up by 135.69% based on the highest stock price target, and down by -12.46% based on the lowest stock price target.
Can Extreme Networks stock reach $20?
EXTR's highest twelve months analyst stock price target of $35 supports the claim that Extreme Networks can reach $20 in the near future.
What are Extreme Networks's analysts' financial forecasts?
Extreme Networks's analysts financial forecasts for the fiscal year (Jun 2026) are as follows: average revenue is $1.21B (high $1.22B, low $1.19B), average EBITDA is $82.42M (high $83.42M, low $81.3M), average net income is $130.18M (high $132.23M, low $127.88M), average SG&A $423.24M (high $428.36M, low $417.47M), and average EPS is $1 (high $1.02, low $0.983). EXTR's analysts financial forecasts for the fiscal year (Jun 2027) are as follows: average revenue is $1.24B (high $1.26B, low $1.23B), average EBITDA is $84.94M (high $85.96M, low $83.78M), average net income is $144.97M (high $147.25M, low $142.4M), average SG&A $436.17M (high $441.44M, low $430.23M), and average EPS is $1.11 (high $1.13, low $1.09).
Did the EXTR's actual financial results beat the analysts' financial forecasts?
Based on Extreme Networks's last annual report (Jun 2023), the company's revenue was $1.31B, beating the average analysts forecast of $1.25B by 4.98%. Apple's EBITDA was $149.62M, beating the average prediction of $95.07M by 57.37%. The company's net income was $78.07M, missing the average estimation of $94.34M by -17.24%. Apple's SG&A was $426.84M, beating the average forecast of $385.29M by 10.78%. Lastly, the company's EPS was $0.6, missing the average prediction of $0.979 by -38.70%. In terms of the last quarterly report (Dec 2023), Extreme Networks's revenue was $296.38M, missing the average analysts' forecast of $303.02M by -2.19%. The company's EBITDA was $10.32M, missing the average prediction of $20.7M by -50.17%. Extreme Networks's net income was $3.99M, missing the average estimation of $32.23M by -87.63%. The company's SG&A was $110.54M, beating the average forecast of $106.3M by 3.98%. Lastly, the company's EPS was $0.0309, missing the average prediction of $0.248 by -87.53%