Analysts Expect FELV Will Reach $36
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 04 2025
0mins
Should l Buy EXTR?
Source: NASDAQ.COM
ETF Analyst Target Price Insights: The Fidelity Enhanced Large Cap Value ETF (FELV) has an implied analyst target price of $35.75, indicating a potential upside of 16.16% from its current trading price of $30.78.
Notable Holdings with Upside Potential: Key underlying holdings such as Extreme Networks Inc, VF Corp., and Magnera Corp show significant upside to their analyst target prices, suggesting optimism but also raising questions about the validity of these targets in light of recent market developments.
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Analyst Views on EXTR
Wall Street analysts forecast EXTR stock price to rise
8 Analyst Rating
8 Buy
0 Hold
0 Sell
Strong Buy
Current: 14.140
Low
24.00
Averages
24.75
High
26.00
Current: 14.140
Low
24.00
Averages
24.75
High
26.00
About EXTR
Extreme Networks, Inc. is a provider of cloud networking solutions and industry services and support. The Company designs, develops, and manufactures wired, wireless, and software-defined wide area-network (SD- WAN) infrastructure equipment, software and cloud-based network management solutions. Its cloud solution is a single platform that offers unified network management of wireless access points, switches, and SD-WAN. Its products and services categories include Cloud Networking Platform, Automation, Analytics, and Security Applications, Wireless LAN AP, Wired for Edge, Campus, and Data Center, SD-WAN, Cloud Native Platforms and Applications for Service Providers and Customer Service and Support. It provides service to various industries, including business, hospitality, retail, transportation and logistics, education, government, healthcare, and service providers. Its cloud networking technologies provide flexibility in deployment, management, and licensing of networks globally.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Accelerated SaaS Revenue: SaaS Annual Recurring Revenue (ARR) reached $227 million, up 25% year-over-year, reflecting robust demand for the AI-driven Platform ONE, which further solidifies the company's revenue base.
- Margin Improvement: Non-GAAP gross margin increased to 62%, up 70 basis points from the previous quarter, while operating margin improved to 15%, demonstrating effective management of costs and profitability.
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- Revenue Growth: Extreme Networks reported $317.9 million in revenue for Q2 FY2026, reflecting a 14% year-over-year increase that surpassed the $312.3 million estimate, indicating strong performance in the network infrastructure sector.
- Earnings Beat: The company posted adjusted earnings per share of $0.26, exceeding the consensus of $0.24, while GAAP EPS of $0.06 also beat expectations of $0.04, showcasing enhanced profitability.
- Outlook: For Q3, Extreme Networks projects adjusted EPS between $0.23 and $0.25, with a midpoint of $0.24 slightly below the $0.25 consensus, yet revenue expectations of $311.5 million exceed the $310 million consensus, indicating robust growth potential.
- Customer Expansion: Recent wins include Baylor University and Henry Ford Health, solidifying Extreme's leadership in Wi-Fi 7 solutions and suggesting continued growth opportunities in the market.
See More
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- Significant Revenue Growth: The company achieved total revenue of $317.9 million, reflecting a 13.8% year-over-year increase and surpassing market expectations by $5.57 million, demonstrating robust competitiveness and strong customer demand.
- SaaS ARR Growth: The SaaS annual recurring revenue reached $226.8 million, up 25.2% year-over-year and 4.9% quarter-over-quarter, highlighting rapid expansion in cloud services and future growth potential.
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- Starbucks Performance: Starbucks Corporation (SBUX) is expected to release its earnings report before Wednesday, with investors closely monitoring the impact of global sales and new product launches to gauge future growth potential.
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