13 Best Small Cap Tech Stocks to Buy Now

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6. Extreme Networks Inc. (NASDAQ:EXTR)

Number of Hedge Fund Holders: 30

Market Capitalization: $1.91 billion

Extreme Networks, Inc. (NASDAQ:EXTR) provides cloud-based networking solutions that utilize machine learning, artificial intelligence, analytics, and automation. The company creates and manufactures wired and wireless network infrastructure equipment, as well as a wide range of networking software solutions for a variety of sectors.

On January 30, Lake Street analyst Eric Martinuzzi raised the price target for Extreme Networks Inc. (NASDAQ:EXTR) to $16 from $15 while keeping a Hold rating on the company. The firm increased its target price after being “pleased with the solid execution in 1H25” and the full-year forecast.

Extreme Networks Inc. (NASDAQ:EXTR) posted decent Q2 2025 numbers on January 29. While revenues for the quarter increased 4% to $279.4 million, adjusted EPS came in at $0.21. In addition, the company’s management stated that it is experiencing a positive rebound with major clients, resulting in significant share gains in a range of sectors such as healthcare, manufacturing, and Intelligent Reflecting Surfaces (IRS).

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