Skip to main content

Extreme Networks (EXTR) Receives a Rating Update from a Top Analyst

Tipranks - Fri Jan 30, 8:16AM CST

B. Riley Securities analyst Dave Kang maintained a Buy rating on Extreme Networks yesterday and set a price target of $26.00. The company’s shares closed yesterday at $15.02.

Claim 50% Off TipRanks Premium

Kang covers the Technology sector, focusing on stocks such as Viavi Solutions, AXT, and Extreme Networks. According to TipRanks, Kang has an average return of 29.2% and a 65.09% success rate on recommended stocks.

In addition to B. Riley Securities, Extreme Networks also received a Buy from Lake Street’s Eric Martinuzzi in a report issued today. However, yesterday, TipRanks – OpenAI reiterated a Hold rating on Extreme Networks (NASDAQ: EXTR).

Based on Extreme Networks’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $317.93 million and a net profit of $7.88 million. In comparison, last year the company earned a revenue of $279.36 million and had a net profit of $7.38 million

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.