Ultime notizie per Extreme Networks (NASDAQ:EXTR) Azioni

Extreme Networks

Extreme Networks Inc provides cloud networking solutions and industry services and support. Extreme designs, develops, and manufactures wired, wireless, and software-defined wide area-network (SD- WAN) infrastructure equipment, software and cloud-based network management solutions. The company's cloud solution is a single platform that offers unified network management of wireless access points, switches, and SD-WAN. The company operates in a single segment which develops and markets network infrastructure equipment. Roughly half of the firm's revenue is generated in the Americas, with the rest coming from Europe, the Middle East, Africa, and Asia-Pacific.

Extreme Networks Inc

EXTRA SPACE STORAGE REIT ORD

EXTREME NETWORKS ORD

Extra Space Storage Inc

EXTREME BIODIESEL INC by Extreme Biodiesel, Inc.

Extreme Biodiesel Inc

EXTREME MOTORSPRTS CA by Extreme Motorsports of California, Inc.

Extreme Motorsports of California Inc

<h3>Gainers</h3>
<ul>
<li>Aehr Test System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHR#NASDAQ">AEHR</a>) stock rose 10.1% to $14.66 during Thursday's after-market session. The company's market cap stands at $433.3 million. The company's, Q1 earnings came out today. </li>
<li>Cemtrex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) stock rose 7.67% to $0.51. </li>
<li>OneConnect Financial Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OCFT#NYSE">OCFT</a>) stock rose 7.38% to $2.91. The market value of their outstanding shares is at $113.4 million. </li>
<li>Porch Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRCH#NASDAQ">PRCH</a>) stock increased by 5.38% to $1.37. The company's market cap stands at $137.6 million. </li>
<li>Focus Universal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCUV#NASDAQ">FCUV</a>) shares rose 5.09% to $0.24. The company's market cap stands at $16.2 million. </li>
<li>Comtech Telecom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMTL#NASDAQ">CMTL</a>) stock moved upwards by 4.82% to $4.56. The company's market cap stands at $129.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Klaviyo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KVYO#NYSE">KVYO</a>) shares fell 5.8% to $34.39 during Thursday's after-market session. The company's market cap stands at $9.1 billion. </li>
<li>MicroAlgo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLGO#NASDAQ">MLGO</a>) stock decreased by 5.29% to $0.35. The company's market cap stands at $2.7 million. </li>
<li>Extreme Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXTR#NASDAQ">EXTR</a>) shares decreased by 5.12% to $14.57. The company's market cap stands at $1.9 billion. </li>
<li>Zapata Computing Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZPTA#NASDAQ">ZPTA</a>) shares decreased by 4.58% to $0.23. The market value of their outstanding shares is at $8.9 million. </li>
<li>AEye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIDR#NASDAQ">LIDR</a>) shares declined by 3.91% to $1.23. The company's market cap stands at $10.9 million. </li>
<li>Signing Day Sports (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SGN#AMEX">SGN</a>) shares declined by 3.53% to $0.24. The company's market cap stands at $4.3 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Thursday's After-Market Session

U.S. stock futures were slightly lower this morning, with the Dow futures falling around 0.1% on Tuesday.
Shares of Rubrik, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBRK#NYSE">RBRK</a>) fell sharply in today's pre-market trading after <a href="https://www.benzinga.com/news/earnings/24/09/40782172/rubrik-shares-dip-after-q2-results-earnings-beat-revenues-beat-guidance-above-estimates">reporting second-quarter results.</a>
Rubrik reported quarterly losses of 40 cents per share which beat the analyst consensus estimate of losses of 49 cents. Quarterly sales came in at $204.951 million, which beat the analyst consensus estimate of $196.209 million by 4.46%.
Rubrik shares dipped 8.1% to $29.45 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Ionis Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IONS#NASDAQ">IONS</a>) declined 7% to $ 44.98 in pre-market trading. Ionis priced its $500.3 million public offering of 11.5 million common shares at $43.50/share.</li>
<li>Applied Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) shares dipped 6.2% to $6.17 in pre-market trading after jumping 45% on Monday.</li>
<li>VNET Group Inc – ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNET#NASDAQ">VNET</a>) shares fell 5.4% to $2.63 in pre-market trading.</li>
<li>Hewlett Packard Enterprise Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) shares fell 5.2% to $16.69 in pre-market trading. The company announced it has commenced a public offering of $1.35 billion (27 million shares) of Series C mandatory convertible preferred stock.</li>
<li>Extreme Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXTR#NASDAQ">EXTR</a>) shares fell 4.6% to $13.00 in pre-market trading.</li>
<li>PureTech Health plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTC#NASDAQ">PRTC</a>) shares fell 3.5% to $19.99 in pre-market trading after gaining 6% on Monday.</li>
<li>Dropbox Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBX#NASDAQ">DBX</a>) shares slipped 2.7% to $22.51 in pre-market trading.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/news/earnings/24/09/40785832/dave-busters-gears-up-for-q2-print-here-are-the-recent-forecast-changes-from-wall-streets-most-accu">Dave &amp; Buster&#8217;s Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a></li>
</ul>

News

Pre-Market Outlook

Markets

Trading Ideas

APLD

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Rubrik Reports Q2 Results, Joins Ionis Pharmaceuticals, Hewlett Packard Enterprise And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

Extreme Networks Says 27 NFL Teams Are Leveraging Solutions Such As Wi-Fi 6E And ExtremeCloud Business Insights For Venues

Craig-Hallum analyst Christian Schwab maintains Extreme Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXTR#NASDAQ">EXTR</a>) with a Buy and raises the price target from $14 to $17.

Price Target

Analyst Ratings

Craig-Hallum Maintains Buy on Extreme Networks, Raises Price Target to $17

Needham analyst Alex Henderson reiterates Extreme Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXTR#NASDAQ">EXTR</a>) with a Buy and maintains $16.5 price target.

Reiteration

Needham Reiterates Buy on Extreme Networks, Maintains $16.5 Price Target

General

Extreme Networks shares are trading higher after the company reported better-than-expected Q4 sales results.

Extreme Networks Announced That It Has Completed The Deployment Of A High-speed Wi-fi Network At Anfield, Home Of Liverpool Football Club

Guidance

Extreme Networks Sees Q1 Adj. EPS $0.10-$0.14 vs $0.12 Est., Total Net Revenue $255M-$265M vs $259.6M Est.

Earnings

Extreme Networks Q4 2024 Adj. EPS $(0.08) May Not Compare To  $0.13 Estimate, Sales $256.700M Beat $253.211M Estimate

<h3>Gainers</h3>
<ul>
<li>Presto Automation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRST#NASDAQ">PRST</a>) shares moved upwards by 33.1% to $0.1 during Wednesday's after-market session. The company's market cap stands at $11.4 million. </li>
<li>DatChat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DATS#NASDAQ">DATS</a>) shares moved upwards by 21.13% to $1.49. The company's market cap stands at $4.4 million. </li>
<li>SMX (Security Matters) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMX#NASDAQ">SMX</a>) shares moved upwards by 14.36% to $0.14. The market value of their outstanding shares is at $5.3 million. </li>
<li>Cyngn (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYN#NASDAQ">CYN</a>) shares increased by 9.57% to $0.09. The market value of their outstanding shares is at $12.3 million. </li>
<li>Arteris (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIP#NASDAQ">AIP</a>) stock rose 6.89% to $8.68. The company's market cap stands at $333.9 million. </li>
<li>Intrusion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTZ#NASDAQ">INTZ</a>) stock rose 5.73% to $1.29. The market value of their outstanding shares is at $6.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>WISeKey Intl Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKEY#NASDAQ">WKEY</a>) stock declined by 9.2% to $1.97 during Wednesday's after-market session. The company's market cap stands at $19.0 million. </li>
<li>GSI Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSIT#NASDAQ">GSIT</a>) shares decreased by 6.37% to $2.5. The market value of their outstanding shares is at $63.6 million. </li>
<li>Actelis Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASNS#NASDAQ">ASNS</a>) shares fell 6.14% to $1.99. The company's market cap stands at $6.6 million. </li>
<li>Comtech Telecom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMTL#NASDAQ">CMTL</a>) shares decreased by 5.66% to $3.84. The company's market cap stands at $109.3 million. The company's, Q3 earnings came out yesterday. </li>
<li>Ostin Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OST#NASDAQ">OST</a>) stock decreased by 5.18% to $0.4. The company's market cap stands at $5.9 million. </li>
<li>Extreme Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXTR#NASDAQ">EXTR</a>) shares declined by 5.17% to $11.65. The market value of their outstanding shares is at $1.5 billion. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Wednesday's After-Market Session

<h3>Gainers</h3>
<ul>
<li>SMX (Security Matters) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMX#NASDAQ">SMX</a>) shares rose 45.0% to $0.17 during Tuesday's after-market session. The company's market cap stands at $6.7 million. </li>
<li>Presto Automation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRST#NASDAQ">PRST</a>) stock increased by 19.02% to $0.09. The company's market cap stands at $10.2 million. </li>
<li>Arteris (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIP#NASDAQ">AIP</a>) shares rose 6.89% to $8.68. The company's market cap stands at $333.9 million. </li>
<li>CISO Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CISO#NASDAQ">CISO</a>) shares rose 5.44% to $0.75. The market value of their outstanding shares is at $9.1 million. </li>
<li>Inuvo (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/INUV#AMEX">INUV</a>) stock increased by 5.35% to $0.25. The company's market cap stands at $35.0 million. </li>
<li>Zapata Computing Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZPTA#NASDAQ">ZPTA</a>) shares increased by 5.03% to $0.66. The market value of their outstanding shares is at $21.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Comtech Telecom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMTL#NASDAQ">CMTL</a>) shares fell 8.4% to $3.73 during Tuesday's after-market session. The company's market cap stands at $106.2 million. As per the news, the Q3 earnings report came out today. </li>
<li>Actelis Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASNS#NASDAQ">ASNS</a>) shares declined by 7.55% to $1.96. The company's market cap stands at $6.5 million. </li>
<li>Akoustis Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKTS#NASDAQ">AKTS</a>) shares fell 4.28% to $0.12. The market value of their outstanding shares is at $12.7 million. </li>
<li>Gryphon Digital Mining (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRYP#NASDAQ">GRYP</a>) stock decreased by 4.01% to $1.2. The company's market cap stands at $47.1 million. </li>
<li>X3 Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTKG#NASDAQ">XTKG</a>) stock fell 3.64% to $0.53. The market value of their outstanding shares is at $145.9 million. </li>
<li>Extreme Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXTR#NASDAQ">EXTR</a>) stock decreased by 2.29% to $12.0. The company's market cap stands at $1.5 billion. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Tuesday's After-Market Session

Extreme Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXTR#NASDAQ">EXTR</a>) has been analyzed by 8 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Extreme Networks, revealing an average target of $15.31, a high estimate of $17.00, and a low estimate of $13.00. Marking an increase of 2.07%, the current average surpasses the previous average price target of $15.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1718024419_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Extreme Networks. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Alex Henderson</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$16.50</td>
<td>$16.50</td>
</tr>
<tr>
<td>Christian Schwab</td>
<td>Craig-Hallum</td>
<td>Raises</td>
<td>Buy</td>
<td>$14.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Alex Henderson</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$16.50</td>
<td>$16.50</td>
</tr>
<tr>
<td>Dave Kang</td>
<td>B. Riley Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$15.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>Christian Schwab</td>
<td>Craig-Hallum</td>
<td>Lowers</td>
<td>Hold</td>
<td>$13.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Mike Genovese</td>
<td>Rosenblatt</td>
<td>Raises</td>
<td>Buy</td>
<td>$17.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Alex Henderson</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$16.50</td>
<td>-</td>
</tr>
<tr>
<td>Dave Kang</td>
<td>B. Riley Securities</td>
<td>Maintains</td>
<td>Buy</td>
<td>$14.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Extreme Networks. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Extreme Networks compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Extreme Networks's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Extreme Networks's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/EXTR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Extreme Networks analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>About Extreme Networks</h2>
Extreme Networks Inc provides software-driven networking services for enterprise customers. Its products include wired and wireless network infrastructure equipment and software for network management, policy, analytics, and access controls. It offers high-density Wi-Fi, centralized management, cloud-based network management, and application analytics capabilities. The company operates in a single segment which develops and markets network infrastructure equipment. Roughly half of the firm's revenue is generated in the Americas, with the rest coming from Europe, the Middle East, Africa, and Asia-Pacific.
<h3>Breaking Down Extreme Networks's Financial Performance</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Decline in Revenue: Over the 3 months period, Extreme Networks faced challenges, resulting in a decline of approximately -36.53% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Extreme Networks's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -30.53%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Extreme Networks's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -74.42%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Extreme Networks's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -5.78%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Extreme Networks's debt-to-equity ratio is notably higher than the industry average. With a ratio of 3.73, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>How Are Analyst Ratings Determined?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

8 Analysts Have This To Say About Extreme Networks

Major U.S. equity indexes ended Thursday&#8217;s session on a weaker note as investors reconsidered the economic outlook in light of the latest <a href="https://www.benzinga.com/calendars/economic">batch of contrasting data.</a>
Both the S&amp;P 500 and the Nasdaq 100 fell by 0.2%, closing at 5,297 points and 18,557 points, respectively. 
The Dow Jones Industrial Average, which surpassed the 40,000 mark during morning trading, closed 0.1% lower at 39,869.
Thursday&#8217;s economic data revealed a decline in initial jobless claims and higher-than-expected import and export prices, with the latter reigniting some anxiety about inflation. Housing starts and building permits were disappointing, and industrial production stalled.
Federal Reserve Bank of Cleveland President Loretta Mester stated on Thursday that it will take longer to be confident that inflation is moving toward 2% and emphasized the need for continued restrictive policies. She welcomed the latest inflation data as a sign of cooling price pressures but warned that the U.S. fiscal path is unsustainable and must be brought under control.
Treasury yields closed higher across the board, with the rate-sensitive two-year yield surging by 7 basis points to 4.80%, snapping a three-day streak of declines.
<h3 class="wp-block-heading">Is Bad News Still Good News?</h3>
Veteran investor Ed Yardeni explained that both good and bad news are working as a positive catalyst for the stock market. Yardeni noted that stocks positively reacted to the weaker-than-expected economic indicators, which led to a decline in the 10-year U.S. Treasury bond yield from its recent peak.
For example, the market welcomed the ISM manufacturing index dropping below 50 and flat retail sales data in April, despite these indicators suggesting slowing economic momentum.
Offering a contrarian view, Arnim Holzer, global macro strategist at Easterly EAB Risk Solutions, argued, &#8220;The ‘bad news is good news' narrative should not be this bullish.&#8221; He cautioned that the market&#8217;s risk stance is complacent, evidenced by the low level of the VIX.
Holzer also warned that the high and positive correlation between bonds and stocks poses a significant risk to overall portfolio performance.
<h3 class="wp-block-heading">Thursday&#8217;s Movers In Sectors And Stocks</h3>
Sector-wise, consumer staples was the only sector recording gains on Thursday, with the Consumer Staples&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) up 1.4%. 
Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) rallied 6.5% amid stronger-than-expected earnings, contributing to nearly half of the daily performance of the overall consumer staples sector. 
Materials, as tracked by the Materials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>), were the laggards, down 0.7%. Martin Marietta Materials, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLM#NYSE">MLM</a>), Vulcan Materials Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VMC#NYSE">VMC</a>) and Freeport-McMoRan Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) were the sector&#8217;s weakest performers, down 5%, 3.9% and 2.8%, respectively. 
Industry-wise, homebuilders fell heavily amid worse-than-expected housing starts and building permits data, with the iShares U.S. Home Construction ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITB#NYSE">ITB</a>) falling 3.1%, on its worst day in more than a month. 
D.R. Horton Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) and Lennar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) were notable fallers among the sector&#8217;s heavyweights, with declines of 4.2% and 3.3%, respectively. 
Telecom stocks, as tracked by the SPDR S&amp;P Telecom ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XTL#NYSE">XTL</a>), closed in the green, up 1.6%, marking their sixth straight session of gains. Notable gainers were AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>), up 68.4%, and Extreme Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXTR#NASDAQ">EXTR</a>). 
Now Read: <a href="https://www.benzinga.com/markets/asia/24/05/38878116/big-short-investor-michael-burry-bets-heavy-on-gold-renewable-energy-stocks-exits-amazon-alphabet">&#8216;Big Short&#8217; Investor Michael Burry Bets Heavy On Gold, Renewable Energy Stocks, Exits Amazon, Alphabet</a>
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Extreme Networks shares are trading higher after Craig-Hallum upgraded the stock from  Hold to Buy and raised its price target from $13 to $14.

Shares of Fluent Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLNT#NASDAQ">FLNT</a>) fell sharply during Thursday's session after posting weaker-than-expected <a href="https://www.benzinga.com/quote/FLNT/earnings">quarterly results.</a>
Fluent posted adjusted loss of 30 cents per share, versus market expectations for a loss of 10 cents per share. The company's quarterly sales came in at $65.983 million missing estimates of $66.433 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
Fluent shares dipped 12.6% to $3.47 on Thursday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Lucy Scientific Discovery Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSDI#NASDAQ">LSDI</a>) shares jumped 239% to $1.75.</li>
<li>Greenwave Technology Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GWAV#NASDAQ">GWAV</a>) jumped 100% to $0.1196 after jumping around 34% on Wednesday.</li>
<li>Crown ElectroKinetics Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRKN#NASDAQ">CRKN</a>) gained 77.3% to $0.0819 after declining around 3% on Wednesday.</li>
<li>BM Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMTX#NASDAQ">BMTX</a>) rose 68% to $2.8850 after the company reported better-than-expected first-quarter financial results.</li>
<li>TSR, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSRI#NASDAQ">TSRI</a>) shares climbed 65% to $13.13 after the company announced that it entered into a definitive agreement to be acquired by Vienna Parent.</li>
<li>Pineapple Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGY#NASDAQ">PEGY</a>) rose 55% to $0.1355 after gaining around 48% on Wednesday. Pineapple Energy, last week, reported worse-than-expected first-quarter financial results.</li>
<li>Cyngn Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYN#NASDAQ">CYN</a>) gained 48% to $0.1275 as the company shared several commercial and technological accomplishments from the first quarter of 2024.</li>
<li>Faraday Future Intelligent Electric Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>) gained 33.3% to $0.94.</li>
<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) shares rose 32.6% to $3.1711 as the company reported a narrower-than-expected loss for its first quarter and announced a definitive commercial agreement with AT&amp;T Inc.</li>
<li>Bruush Oral Care Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRSH#NASDAQ">BRSH</a>) gained 30.7% to $0.0949.</li>
<li>Sintx Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SINT#NASDAQ">SINT</a>) shares rose 27% to $0.1622 after surging 132% on Wednesday.</li>
<li>Canada Goose Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOOS#NYSE">GOOS</a>) jumped 23% to $14.10 following better-than-expected fourth-quarter earnings.</li>
<li>Magnite, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGNI#NASDAQ">MGNI</a>) rose 21.6% to $11.91. Needham analyst Laura Martin reiterated Magnite with a Buy and maintained a $15 price target.</li>
<li>Blue Star Foods Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSFC#NASDAQ">BSFC</a>) gained 17.6% to $0.0760 after adding more than 15% on Wednesday.</li>
<li>Lightspeed Commerce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LSPD#NYSE">LSPD</a>) climbed 15.3% to $14.74 following upbeat quarterly sales.</li>
<li>Trupanion, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRUP#NASDAQ">TRUP</a>) rose 14.7% to $32.53 after B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $35 to $49.</li>
<li>SilverBow Resources, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBOW#NYSE">SBOW</a>) gained 14.7% to $37.17 after the company announced that it entered into a definitive agreement to be acquired by Crescent Energy.</li>
<li>VinFast Auto Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFS#NASDAQ">VFS</a>) rose 12.8% to $4.79. VinFast received 27,649 pre-orders for the VF 3 in Vietnam after 66 hours of accepting deposits.</li>
<li>Corebridge Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRBG#NYSE">CRBG</a>) gained 12.7% to $34.00 after AIG reached a deal to sell shares of its stock in the company to Nippon Life Insurance.</li>
<li>Extreme Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXTR#NASDAQ">EXTR</a>) rose 10.8% to $12.02.</li>
<li>Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) gained 6.9% to $63.99 following better-than-expected quarterly earnings.</li>
<li>ZTO Express (Cayman) Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTO#NYSE">ZTO</a>) shares climbed 6% to $22.67 following upbeat quarterly results</li>
<li>Chubb Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) gained 4.1% to $263.28 following an SEC filing showed Berkshire Hathaway purchased shares of the stock. The 13F filing revealed Berkshire Hathaway had purchased 25.92 million Chubb shares valued at over $6.717 billion.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Spire Global, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPIR#NYSE">SPIR</a>) dipped 23.7% to $8.65 after the company reported mixed first-quarter financial results on Wednesday.</li>
<li>a.k.a. Brands Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AKA#NYSE">AKA</a>) shares declined 22.7% to $22.80.</li>
<li>Eyenovia, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EYEN#NASDAQ">EYEN</a>) fell 22% to $0.8291 after the company reported worse-than-expected first-quarter financial results.</li>
<li>Omeros Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OMER#NASDAQ">OMER</a>) fell 21.1% to $3.29 after the company announced a wider-than-expected quarterly loss.</li>
<li>Reliance Global Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELI#NASDAQ">RELI</a>) declined 19.2% to $0.2994. &#8211; Reliance Global Group is expected to host a conference call Monday, May 20, to discuss financial results for the first quarter.</li>
<li>Tian Ruixiang Holdings Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIRX#NASDAQ">TIRX</a>) dipped 17.8% to $2.81.</li>
<li>Rekor Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REKR#NASDAQ">REKR</a>) declined 16.6% to $1.51 after the company reported worse-than-expected first-quarter financial results.</li>
<li>Sadot Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SDOT#NASDAQ">SDOT</a>) fell 16.6% to $0.2855 following first-quarter financial results.</li>
<li>KULR Technology Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KULR#NYSE">KULR</a>) shares fell 14.8% to $0.3976 after the company announced worse-than-expected first-quarter financial results.</li>
<li>AERWINS Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AWIN#NASDAQ">AWIN</a>) shares fell 14% to $5.40 after jumping 132% on Wednesday.</li>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares fell 13.8% to $34.06 after dipping around 19% on Wednesday.</li>
<li>NICE Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NICE#NASDAQ">NICE</a>) declined 11.8% to $201.01 after the company reported first-quarter financial results. The company issued second-quarter adjusted revenue guidance with its midpoint below estimates.</li>
<li>Gambling.com Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GAMB#NASDAQ">GAMB</a>) fell 9.8% to $7.64 after the company issued first-quarter financial results. Also, the company cut its FY24 revenue guidance below estimates.</li>
<li>AMC Entertainment Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) shares declined 9% to $4.9904 after tumbling 20% on Wednesday.</li>
<li>Petco Health and Wellness Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>) dipped 8.4% to $2.39. The company recently appointed Glenn Murphy as Executive Chairman of the Board of Directors, effective immediately.</li>
<li>AdTheorent Holding Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTH#NASDAQ">ADTH</a>) declined 7.4% to $3.1750. AdTheorent reported withdrawal of acquisition proposal from third party.</li>
<li>Dada Nexus Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DADA#NASDAQ">DADA</a>) shares fell 7% to $1.8688 following weak quarterly results.</li>
<li>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) fell 4.3% to $210.53.</li>
</ul>
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Intraday Update

ADTH

AWIN

BMTX

BRSH

BSFC

COIN

CRBG

CRKN

DADA

EYEN

FFIE

FLNT

GAMB

GOOS

GWAV

KULR

LSDI

LSPD

MGNI

NICE

OMER

PEGY

REKR

RELI

SBOW

SDOT

SINT

SPIR

TIRX

TRUP

TSRI

WOOF

Why Fluent Shares Are Trading Lower By Around 13%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

Craig-Hallum analyst Christian Schwab upgrades Extreme Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXTR#NASDAQ">EXTR</a>) from Hold to Buy and raises the price target from $13 to $14.

Upgrades

Craig-Hallum Upgrades Extreme Networks to Buy, Raises Price Target to $14

U.S. stocks were higher, with the Dow Jones gaining over 50 points on Thursday.
Shares of Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) rose sharply during Thursday's session following better-than-expected <a href="https://www.benzinga.com/news/earnings/24/05/38869341/walmars-q1-earnings-revenue-and-eps-beat-more-members-and-high-income-households-raised-outlook">quarterly earnings.</a>
The retailer reported that in the first quarter of 2025, the adjusted EPS was 60 cents, beating the consensus of 52 cents. Sales were $161.51 billion, up 6.0% year over year or 5.8% (at constant currency), including a benefit of ~1% from an additional selling day, beating the consensus of $159.50 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Walmart shares surged 6.9% to $63.99 on Thursday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) shares gained 32.6% to $3.1711 as the company reported a narrower-than-expected loss for its first quarter and announced a definitive commercial agreement with AT&amp;T Inc.</li>
<li>Canada Goose Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOOS#NYSE">GOOS</a>) shares surged 23% to $14.10 following better-than-expected fourth-quarter earnings.</li>
<li>Magnite, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGNI#NASDAQ">MGNI</a>) climbed 21.6% to $11.91. Needham analyst Laura Martin reiterated Magnite with a Buy and maintained a $15 price target.</li>
<li>Lightspeed Commerce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LSPD#NYSE">LSPD</a>) shares gained 15.3% to $14.74 following upbeat quarterly sales.</li>
<li>Trupanion, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRUP#NASDAQ">TRUP</a>) climbed 14.7% to $32.53 after B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $35 to $49.</li>
<li>SilverBow Resources, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBOW#NYSE">SBOW</a>) rose 14.7% to $37.17 after the company announced that it entered into a definitive agreement to be acquired by Crescent Energy.</li>
<li>VinFast Auto Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFS#NASDAQ">VFS</a>) climbed 12.8% to $4.79. VinFast received 27,649 pre-orders for the VF 3 in Vietnam after 66 hours of accepting deposits.</li>
<li>Corebridge Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRBG#NYSE">CRBG</a>) rose 12.7% to $34.00 after AIG reached a deal to sell shares of its stock in the company to Nippon Life Insurance.</li>
<li>Extreme Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXTR#NASDAQ">EXTR</a>) gained 10.8% to $12.02.</li>
<li>NextNav Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NN#NASDAQ">NN</a>) rose 8% to $8.08. The company recently posted a loss for the first quarter.</li>
<li>HUYA Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUYA#NYSE">HUYA</a>) gained 7.6% to $6.01.</li>
<li>ZTO Express (Cayman) Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTO#NYSE">ZTO</a>) shares gained 6% to $22.67 following upbeat quarterly results</li>
<li>Chubb Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) rose 4.1% to $263.28 following an SEC filing showed Berkshire Hathaway purchased shares of the stock. The 13F filing revealed Berkshire Hathaway had purchased 25.92 million Chubb shares valued at over $6.717 billion.</li>
<li>Arvinas, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARVN#NASDAQ">ARVN</a>) gained 3.9% to $33.58. Arvinas and Pfizer reported updated clinical data from Phase 1b combination cohort evaluating Vepdegestrant.</li>
<li>The Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) rose 3.6% to $183.41.</li>
<li>Boot Barn Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOOT#NYSE">BOOT</a>) gained 3.6% to $113.95. Boot Barn posted upbeat earnings for its fourth quarter, but issued soft FY24 forecast on Tuesday.</li>
</ul>
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ARVN

BOOT

HUYA

Walmart Posts Upbeat Earnings, Joins Canada Goose, Lightspeed Commerce And Other Big Stocks Moving Higher On Thursday

Extreme Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXTR#NASDAQ">EXTR</a>) underwent analysis by 6 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Extreme Networks, presenting an average target of $15.33, a high estimate of $17.00, and a low estimate of $13.00. This current average has increased by 4.5% from the previous average price target of $14.67. 
<img src="https://www.benzinga.com/files/images/story/2024/1715774444_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Extreme Networks. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Alex Henderson</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$16.50</td>
<td>-</td>
</tr>
<tr>
<td>Dave Kang</td>
<td>B. Riley Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$15.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>Christian Schwab</td>
<td>Craig-Hallum</td>
<td>Lowers</td>
<td>Hold</td>
<td>$13.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Mike Genovese</td>
<td>Rosenblatt</td>
<td>Raises</td>
<td>Buy</td>
<td>$17.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Alex Henderson</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$16.50</td>
<td>-</td>
</tr>
<tr>
<td>Dave Kang</td>
<td>B. Riley Securities</td>
<td>Maintains</td>
<td>Buy</td>
<td>$14.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Extreme Networks. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Extreme Networks compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Extreme Networks's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of Extreme Networks's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/EXTR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Extreme Networks analyst ratings.</a>
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<h2>Discovering Extreme Networks: A Closer Look</h2>
Extreme Networks Inc provides software-driven networking services for enterprise customers. Its products include wired and wireless network infrastructure equipment and software for network management, policy, analytics, and access controls. It offers high-density Wi-Fi, centralized management, cloud-based network management, and application analytics capabilities. The company operates in a single segment which develops and markets network infrastructure equipment. Roughly half of the firm's revenue is generated in the Americas, with the rest coming from Europe, the Middle East, Africa, and Asia-Pacific.
<h3>Extreme Networks: Financial Performance Dissected</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3 months period, Extreme Networks faced challenges, resulting in a decline of approximately -36.53% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Extreme Networks's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -30.53%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Extreme Networks's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -74.42%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Extreme Networks's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -5.78%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Extreme Networks's debt-to-equity ratio stands notably higher than the industry average, reaching 3.73. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>Analyst Ratings: Simplified</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Legal

Press Releases

TUESDAY INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Files Class Action Lawsuit Against Extreme Networks, Inc. and Announces Opportunity for Investors with Substantial Losses to Lead Class Action Lawsuit - EXTR

EXTR INVESTOR ALERT: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $00,000 In XXX To Contact Him Directly To Discuss Their Options"

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Extreme Networks, Inc. (EXTR)

Class Action Filed Against Extreme Networks, Inc. (EXTR) Seeking Recovery for Investors – Contact Levi & Korsinsky

EXTR LAST DAY: The Deadline for Extreme Networks, Inc. Investors to ask the Court to Lead the Class Action is Today; Contact BFA Law if You Suffered Losses (Nasdaq:EXTR)

Extreme Networks, Inc. Sued for Securities Law Violations - Contact Levi & Korsinsky Before October 15, 2024 to Discuss Your Rights - EXTR

Final EXTR Deadline Reminder: October 15, 2024 Filing Deadline in Securities Class Action - Contact Kessler Topaz Meltzer & Check, LLP

FINAL DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Extreme Networks

DEADLINE ALERT for EXTR, PDD, CXM, and SYM: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders

EXTR Investors Have Opportunity to Lead Extreme Networks, Inc. Securities Fraud Lawsuit with the Schall Law Firm

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Needham

B. Riley Securities

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