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.

Needham Reiterates Buy Rating on Extreme Networks (NASDAQ:EXTR)

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.

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Disclosure: None.