Needham analyst Ryan Koontz has maintained their bullish stance on EXTR stock, giving a Buy rating on May 1.
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Ryan Koontz has given his Buy rating due to a combination of factors including Extreme Networks’ strong third-quarter results and strategic initiatives. The company’s execution has been solid, with a clear focus on overcoming tariff impacts and leveraging their channel strategy effectively.
Additionally, the introduction of the new Platform One solution is expected to drive future growth. Management’s commitment to returning to $300 million in quarterly revenue, following a dip due to industry-wide inventory issues, further supports the positive outlook. The upcoming Connect Conference in Paris is anticipated to provide deeper insights into the company’s technological advancements and strategic direction.
Koontz covers the Technology sector, focusing on stocks such as Arista Networks, Kaltura, and Adtran. According to TipRanks, Koontz has an average return of -2.8% and a 43.56% success rate on recommended stocks.
In another report released on May 1, Craig-Hallum also reiterated a Buy rating on the stock with a $22.50 price target.