Needham Cuts Extreme Networks Price Target After Q2 Results, Keeps Buy Rating
Needham lowered its price target on Extreme Networks to $21.00 from $24.00 but retained a Buy rating after the company reported fiscal second-quarter 2026 results that topped consensus on both revenue and earnings. Management raised fiscal 2026 revenue guidance, SaaS annual recurring revenue grew 25% year-over-year, and EMEA sales showed quarter-ov…