Lake Street upgraded Extreme Networks (EXTR) to Buy from Hold with a price target of $24, up from $15, as Extreme saw continued signs of market recovery in APAC and EMEA in Q4. The firm believes the company has a number of vectors in addition to the launch of Platform ONE and acceleration in SaaS ARR growth to drive revenue and earnings upside in FY26, the analyst tells investors.
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Read More on EXTR:
- Extreme Networks: Strong Financial Performance and Strategic Growth Initiatives Drive Buy Rating
- Extreme Networks sees Q1 EPS 20c-23c, consensus 20c
- Extreme Networks sees FY26 revenue $1.23B-$1.24B, consensus $1.22B
- Extreme Networks reports Q4 EPS 25c, consensus 22c
- Extreme Networks (EXTR) Q4 Earnings Cheat Sheet