EXTR

B. Riley Securities Upgrades Extreme Networks (EXTR)

Fintel reports that on April 15, 2024, B. Riley Securities upgraded their outlook for Extreme Networks (NasdaqGS:EXTR) from Neutral to Buy.

Analyst Price Forecast Suggests 33.65% Upside

As of March 31, 2024, the average one-year price target for Extreme Networks is 14.87. The forecasts range from a low of 13.13 to a high of $17.32. The average price target represents an increase of 33.65% from its latest reported closing price of 11.13.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Extreme Networks is 1,439MM, an increase of 6.91%. The projected annual non-GAAP EPS is 1.41.

What is the Fund Sentiment?

There are 670 funds or institutions reporting positions in Extreme Networks. This is a decrease of 42 owner(s) or 5.90% in the last quarter. Average portfolio weight of all funds dedicated to EXTR is 0.17%, a decrease of 37.48%. Total shares owned by institutions decreased in the last three months by 1.51% to 135,859K shares. EXTR / Extreme Networks, Inc. Put/Call Ratios The put/call ratio of EXTR is 1.27, indicating a bearish outlook.

What are Other Shareholders Doing?

EXTR / Extreme Networks, Inc. Shares Held by Institutions

IJR - iShares Core S&P Small-Cap ETF holds 5,839K shares representing 4.54% ownership of the company. No change in the last quarter.

Paradigm Capital Management holds 5,177K shares representing 4.02% ownership of the company. In it's prior filing, the firm reported owning 5,072K shares, representing an increase of 2.03%. The firm decreased its portfolio allocation in EXTR by 60.86% over the last quarter.

CALF - Pacer US Small Cap Cash Cows 100 ETF holds 3,989K shares representing 3.10% ownership of the company. In it's prior filing, the firm reported owning 1,098K shares, representing an increase of 72.46%. The firm decreased its portfolio allocation in EXTR by 26.79% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,875K shares representing 3.01% ownership of the company. In it's prior filing, the firm reported owning 3,857K shares, representing an increase of 0.46%. The firm decreased its portfolio allocation in EXTR by 34.59% over the last quarter.

Goldman Sachs Group holds 3,509K shares representing 2.73% ownership of the company. In it's prior filing, the firm reported owning 3,597K shares, representing a decrease of 2.51%. The firm decreased its portfolio allocation in EXTR by 36.50% over the last quarter.

Extreme Networks Background Information
(This description is provided by the company.)

Extreme Networks, Inc. (EXTR) creates effortless networking experiences that enable all of us to advance. It pushes the boundaries of technology leveraging the powers of machine learning, artificial intelligence, analytics, and automation. Over 50,000 customers globally trust its end-to-end, cloud-driven networking solutions and rely on its top-rated services and support to accelerate their digital transformation efforts and deliver progress like never before.

Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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