Here’s Why Analysts Are Bullish On Extreme Networks, Inc. (EXTR)

Extreme Networks, Inc. (NASDAQ:EXTR) is among the best hardware stocks to bargain according to analysts. As of December 8, Extreme Networks, Inc. (NASDAQ:EXTR) is simply a statement ‘Buy,’ with 88% of analysts covering the banal assigning it a ‘Buy’ oregon equivalent rating. While the people terms ranges from $21 to $26, the median terms people of $24.50 suggests an upside imaginable of astir 35%.

As reported by TheFly, Tomer Zilberman, an expert astatine BofA, initiated sum of Extreme Networks, Inc. (NASDAQ:EXTR) with a ‘Buy’ standing and a $24 terms people connected November 19. The steadfast bases this upside imaginable of astir 34% connected respective maturation catalysts, including field web refresh and modernization projects, the WiFi-7 upgrade cycle, and rising adoption of cloud- and SaaS-based products. The expert believes these drivers could propulsion the company’s show supra marketplace expectations.

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The terms people is based connected 17 times the company’s CY2027 forecasted EPS, which represents a discount comparative to peers. BofA Securities attributes this to the narrower operating standard and stronger vulnerability to budget-sensitive marketplace verticals.

Other starring analysts besides enactment this wide affirmative outlook. Earlier connected November 11, Lake Street expert Eric Martinuzzi reaffirmed the ‘Buy’ standing connected Extreme Networks, Inc. (NASDAQ:EXTR), with a terms people of $24. On the aforesaid day, Michael Genovese from Rosenblatt Securities maintained a ‘Buy’ standing and $25 terms people connected the stock.

Extreme Networks, Inc. (NASDAQ:EXTR) is simply a North Carolina-based institution specializing successful infrastructure instrumentality and related software. Incorporated successful 1996, the institution offers ExtremeCloud IQ, ExtremeCloud IQ-Site Engine, and ExtremeCloud IQ Essentials, among others.

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Disclosure: None.