奥本海默在市场扩张中升级了Extreme Networks

2025-10-30 21:16

Extreme Networks (EXTR) was upgraded by Oppenheimer on Thursday after the investment firm said it sees a major expansion to its total addressable market.
Shares rose 4.2% in premarket trading.
“EXTR entered fiscal 2026 with strong momentum after reporting another solid quarter of improved results,” analyst Timothy Horan wrote in a note to clients, referring to Extreme's recent quarterly results. “This was the 6th consecutive quarter of sequential revenue growth and third straight quarter of double-digit Y/Y growth. Revenue $310M, up 15% Y/Y topped the high end of guidance. After two-years, we are moving to an Outperform rating, motivated by five key trends: 1) broader recovery in networking demand (WiFi 7, product refresh), stabilized inventory; 2) industry and company implementing a 5% price increase; 3) competitors distracted (HPE/JNPR merger, CSCO new GTM); 4) new AI products working well; and 5) strong operating leverage.”
Horan raised his rating on Extreme to Outperform and put a $25 price target on the stock.
Extreme Networks reported second-quarter results on Wednesday that were above Wall Street's forecast.

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