
Extreme Networks (EXTR) Stock Forecast & Price Target
Extreme Networks (EXTR) Analyst Ratings
Bulls say
Extreme Networks Inc. exhibited robust financial performance, with EMEA revenues experiencing a substantial 16% quarter-over-quarter growth, underscored by renewed government spending and favorable data sovereignty regulations. The company's second-quarter revenue reached $318 million, reflecting a 14% year-over-year increase, while gross margins stood at a strong 61.4%, bolstered by strategic price increases and improved product quality. Furthermore, management's emphasis on driving the higher-margin Subscription segment positions Extreme Networks favorably for potential revenue upside, enhancing overall confidence in the company's execution and growth trajectory.
Bears say
The financial outlook for Extreme Networks Inc presents several concerns that contribute to a negative sentiment towards its stock. Sales stagnation in the Americas and a decline in APAC, despite year-over-year increases, indicates a potential plateau in demand. Additionally, an anticipated lower gross margin due to a higher mix of lower-margin professional services, coupled with ongoing supply chain challenges and the risk of decreased revenues from economic uncertainties, raises further apprehension regarding the company's growth prospects.
This aggregate rating is based on analysts' research of Extreme Networks and is not a guaranteed prediction by Public.com or investment advice.
Extreme Networks (EXTR) Analyst Forecast & Price Prediction
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