Extreme Networks (EXTR) Stock Forecast, Price Target & Predictions
EXTR Stock Forecast
Extreme Networks stock forecast is as follows: an average price target of $20.00 (represents a 29.62% upside from EXTR’s last price of $15.43) 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 $20.00 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 29.62% upside from EXTR's last price of $15.43.
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 |
|---|---|---|---|---|---|---|
| Oct 31, 2024 | Mike Genovese | Rosenblatt Securities | $21.00 | $15.92 | 31.91% | 36.10% |
| May 16, 2024 | Christian Schwab | Craig-Hallum | $14.00 | $10.84 | 29.15% | -9.27% |
| May 02, 2024 | Mike Genovese | Rosenblatt Securities | $17.00 | $11.45 | 48.47% | 10.17% |
| Apr 29, 2024 | Eric Martinuzzi | Loop Capital Markets | $13.00 | $11.57 | 12.31% | -15.75% |
| Apr 15, 2024 | Dave King | C.L. King | $14.00 | $10.70 | 30.84% | -9.27% |
| Dec 28, 2023 | Alex Henderson | Needham | $23.00 | $17.95 | 28.10% | 49.06% |
| Jun 28, 2023 | Timothy Horan | Oppenheimer | $35.00 | $24.23 | 44.45% | 126.83% |
| Jan 04, 2023 | - | Needham | $23.00 | $18.43 | 24.80% | 49.06% |
The latest Extreme Networks stock forecast, released on Oct 31, 2024 by Mike Genovese from Rosenblatt Securities, set a price target of $21.00, which represents a 31.91% increase from the stock price at the time of the forecast ($15.92), and a 36.10% increase from EXTR last price ($15.43).
Extreme Networks Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 6 |
| Avg Price Target | $21.00 | $21.00 | $17.00 |
| Last Closing Price | $15.43 | $15.43 | $15.43 |
| Upside/Downside | 36.10% | 36.10% | 10.17% |
In the current month, the average price target of Extreme Networks stock is $21.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 36.10% increase as opposed to Extreme Networks's last price of $15.43. This month's average price target is down 0.00% compared to last quarter, and up 23.53% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 31, 2024 | Craig-Hallum | Buy | Buy | Hold |
| Oct 31, 2024 | B. Riley | Buy | Buy | Hold |
| Aug 08, 2024 | Craig-Hallum | Buy | Buy | Hold |
| Jun 10, 2024 | Rosenblatt Securities | Buy | Buy | Hold |
| Jun 10, 2024 | Needham | Underperform | Underperform | Hold |
| May 16, 2024 | Craig-Hallum | - | Buy | Upgrade |
| May 15, 2024 | Needham | Underperform | Underperform | Hold |
| May 15, 2024 | Rosenblatt Securities | Buy | Buy | Hold |
| May 02, 2024 | B. Riley | Buy | Buy | Hold |
| Apr 29, 2024 | Lake Street | Hold | Hold | Hold |
Extreme Networks's last stock rating was published by Craig-Hallum on Oct 31, 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 | $322.14M | $310.85M | $313.50M | $308.38M | $319.14M | $300.94M | $300.26M | $292.17M | $298.49M | $279.16M | $278.04M | $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 | $325.37M | $313.97M | $316.64M | $311.48M | $322.34M | $303.96M | $303.27M | $295.10M | $301.48M | $283.75M | $278.49M | $260.55M | $253.21M | $205.95M | $306.06M | $351.96M | $346.98M | $322.63M | $307.42M | $282.85M | $268.95M | $280.77M | $272.07M | $256.94M | $263.88M | $244.73M | $243.74M | $232.50M | $212.68M | $209.94M |
| Low Forecast | $319.16M | $307.98M | $310.60M | $305.53M | $316.19M | $298.16M | $297.48M | $289.47M | $295.73M | $274.57M | $277.59M | $260.55M | $253.21M | $205.10M | $300.22M | $342.06M | $340.36M | $316.47M | $301.56M | $282.85M | $268.95M | $280.77M | $272.07M | $256.94M | $263.88M | $244.73M | $243.74M | $232.50M | $212.68M | $209.94M |
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 1 | 1 | 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 1 analysts is $205.53M, with a low forecast of $205.10M, and a high forecast of $205.95M. 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 | 4 | 4 | 2 | 1 | 1 | 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 | $18.16M | $17.53M | $17.68M | $17.39M | $17.99M | $16.97M | $16.93M | $16.47M | $16.83M | $15.74M | $15.68M | $14.69M | $14.28M | $27.07M | $17.09M | $19.57M | $19.37M | $24.61M | $23.76M | $19.32M | $18.37M | $22.37M | $18.59M | $17.55M | $18.03M | $18.99M | $16.65M | $15.88M | $14.53M | $-20.66M |
| High Forecast | $18.35M | $17.70M | $17.85M | $17.56M | $18.18M | $17.14M | $17.10M | $16.64M | $17.00M | $16.00M | $15.70M | $14.69M | $14.28M | $32.48M | $17.26M | $19.85M | $19.56M | $29.53M | $28.51M | $19.32M | $18.37M | $26.84M | $18.59M | $17.55M | $18.03M | $22.79M | $16.65M | $15.88M | $14.53M | $-16.53M |
| Low Forecast | $18.00M | $17.37M | $17.51M | $17.23M | $17.83M | $16.81M | $16.77M | $16.32M | $16.67M | $15.48M | $15.65M | $14.69M | $14.28M | $21.65M | $16.93M | $19.29M | $19.19M | $19.68M | $19.00M | $19.32M | $18.37M | $17.89M | $18.59M | $17.55M | $18.03M | $15.19M | $16.65M | $15.88M | $14.53M | $-24.79M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.60% | 1.83% | 2.47% | 1.62% | 1.42% | 1.45% | 1.15% | 1.34% | 1.52% | 1.72% | 1.69% | 1.30% | 1.13% | 0.91% | 0.15% | 1.00% |
1 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 | 4 | 4 | 2 | 1 | 1 | 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 | $38.32M | $35.26M | $36.23M | $33.48M | $38.30M | $31.74M | $31.95M | $27.95M | $31.32M | $23.81M | $23.69M | $15.89M | $16.57M | $12.93M | $32.49M | $41.50M | $41.31M | $11.76M | $11.22M | $22.13M | $18.86M | $10.69M | $22.38M | $20.51M | $22.53M | $2.67M | $18.25M | $8.55M | $-3.53M | $-44.35M |
| High Forecast | $38.82M | $35.72M | $36.71M | $33.91M | $38.80M | $32.16M | $32.37M | $28.32M | $31.73M | $26.45M | $24.00M | $15.95M | $16.60M | $15.52M | $37.31M | $44.09M | $41.85M | $14.11M | $13.47M | $22.13M | $18.86M | $12.82M | $22.38M | $20.51M | $22.53M | $3.20M | $18.25M | $8.55M | $-3.53M | $-35.48M |
| Low Forecast | $37.86M | $34.84M | $35.80M | $33.07M | $37.84M | $31.36M | $31.56M | $27.62M | $30.94M | $21.16M | $23.41M | $15.84M | $16.55M | $10.34M | $27.68M | $37.61M | $40.81M | $9.40M | $8.98M | $22.13M | $18.86M | $8.55M | $22.38M | $20.51M | $22.53M | $2.14M | $18.25M | $8.55M | $-3.53M | $-53.22M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.12% | 0.69% | 0.62% | 1.88% | 1.60% | 0.57% | 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 | 4 | 4 | 2 | 1 | 1 | 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 | $113.01M | $109.05M | $109.98M | $108.18M | $111.96M | $105.57M | $105.33M | $102.50M | $104.71M | $97.93M | $97.54M | $91.40M | $88.83M | $91.31M | $106.30M | $121.77M | $120.52M | $83.01M | $75.24M | $99.23M | $94.35M | $75.46M | $95.44M | $90.14M | $92.57M | $66.86M | $85.51M | $81.56M | $74.61M | $85.25M |
| High Forecast | $114.14M | $110.15M | $111.08M | $109.27M | $113.08M | $106.63M | $106.39M | $103.52M | $105.76M | $99.54M | $97.70M | $91.40M | $88.83M | $109.57M | $107.37M | $123.47M | $121.73M | $99.61M | $90.28M | $99.23M | $94.35M | $90.55M | $95.44M | $90.14M | $92.57M | $80.23M | $85.51M | $81.56M | $74.61M | $102.30M |
| Low Forecast | $111.97M | $108.04M | $108.96M | $107.18M | $110.92M | $104.60M | $104.36M | $101.55M | $103.74M | $96.32M | $97.38M | $91.40M | $88.83M | $73.05M | $105.32M | $120.00M | $119.40M | $66.41M | $60.19M | $99.23M | $94.35M | $60.37M | $95.44M | $90.14M | $92.57M | $53.49M | $85.51M | $81.56M | $74.61M | $68.20M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.04% | 0.95% | 0.99% | 1.27% | 1.39% | 0.98% | 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 1 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 | 4 | 4 | 2 | 1 | 1 | 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 | $0.29 | $0.27 | $0.28 | $0.26 | $0.29 | $0.24 | $0.24 | $0.21 | $0.24 | $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 | $0.30 | $0.27 | $0.28 | $0.26 | $0.30 | $0.25 | $0.25 | $0.22 | $0.24 | $0.20 | $0.18 | $0.12 | $0.13 | $-0.18 | $0.28 | $0.34 | $0.32 | $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 |
| Low Forecast | $0.29 | $0.27 | $0.27 | $0.25 | $0.29 | $0.24 | $0.24 | $0.21 | $0.24 | $0.16 | $0.18 | $0.12 | $0.13 | $-0.18 | $0.21 | $0.29 | $0.31 | $0.26 | $0.23 | $0.17 | $0.14 | $0.18 | $0.17 | $0.16 | $0.17 | $0.13 | $0.14 | $0.07 | $-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 1 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% | - |
| CMTL | Comtech Telecommunications | $3.03 | $9.00 | 197.03% | Hold |
| KVHI | KVH Industries | $5.18 | $13.00 | 150.97% | Buy |
| ADTN | ADTRAN | $7.73 | $17.00 | 119.92% | Buy |
| CLFD | Clearfield | $29.18 | $59.60 | 104.25% | Buy |
| KN | Knowles | $18.15 | $25.00 | 37.74% | Buy |
| DGII | Digi | $31.55 | $41.60 | 31.85% | Buy |
| EXTR | Extreme Networks | $15.43 | $20.00 | 29.62% | Buy |
| HLIT | Harmonic | $12.08 | $15.38 | 27.32% | Buy |
| CIEN | Ciena | $66.48 | $65.74 | -1.11% | Buy |
| HPE | Hewlett Packard Enterprise Company | $21.18 | $20.82 | -1.70% | Buy |
| NTGR | NETGEAR | $24.10 | $22.00 | -8.71% | Buy |
| MSI | Motorola Solutions | $492.60 | $344.83 | -30.00% | Buy |
| SATS | EchoStar | $23.43 | $14.13 | -39.69% | Buy |