Needham Reiterates Buy Rating on Extreme Networks (EXTR) After Extreme Connect Event
On May 27, Needham reiterated its Buy rating on Extreme Networks, Inc. (NASDAQ:EXTR) and kept the price target the same at $20. The update comes after the company's Extreme Connect Event in Paris.
A customer service person helping a client with a complex network issue, illustrating the customer support of the communication equipment company.
The firm highlighted the company is moving closer to its full rollout of Platform ONE which combines artificial intelligence, networking, and security in a single system. Extreme Networks, Inc. (NASDAQ:EXTR) held its Extreme Connect Event in Paris from May 19 to May 21. During the event, the company introduced several new features which will be available in limited availability.
Needham mentioned that the platform uses conversational, multimodal, and agentic artificial intelligence thereby enabling it to provide automation and more visibility into network performance. The platform is expected to be rolled out completely by the fiscal third quarter of 2025 and is expected to boost company's margins for fiscal 2026.
Extreme Networks, Inc. (NASDAQ:EXTR) is a technology company that provides cloud-based networking solutions, including wired and wireless infrastructure SD-WAN, and network management software.
While we acknowledge the potential of EXTR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than EXTR and that has 100x upside potential, check out our report about the .
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Last accessed 01 Aug 2023.14 Geographical expansion of cases of dengue and chikungunya beyond the historical areas of transmission in the Region of the Americas ( Attachment 2025_06_05_VLA1553-221_6M_Persistence_Data_PR_EN_FinalError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
