As previously reported, Oppenheimer analyst Timothy Horan upgraded Extreme Networks (EXTR) to Outperform from Perform with a $25 price target The firm notes the company entered fiscal 2026 with strong momentum after reporting another solid quarter of improved results. This was the 6th consecutive quarter of sequential revenue growth and third straight quarter of double-digit year-over-year growth. The firm cites broader recovery in networking demand, stabilized inventory; industry and company implementing a 5% price increase; competitors distracted; new AI products working well; and strong operating leverage for the upgrade.
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Read More on EXTR:
- Extreme Networks upgraded to Outperform from Perform at Oppenheimer
- Extreme Networks Reports Strong Q1 Fiscal 2026 Results
- Buy Rating for Extreme Networks Amid Strong Financial Performance and Growth Prospects
- Extreme Networks sees Q2 EPS 23c-25c, consensus 24c
- Extreme Networks raises FY26 revenue view to $1.25B-$1.26B from $1.23B-$1.24B