Extreme Networks (NASDAQ:EXTR) CEO Sells 50,000 Shares

Extreme Networks, Inc. (NASDAQ:EXTR) CEO Edward Meyercord sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $15.30, for a total transaction of $765,000.00. Following the completion of the transaction, the chief executive officer owned 1,897,270 shares in the company, valued at $29,028,231. The trade was a 2.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Edward Meyercord also recently made the following trade(s):

• On Monday, February 2nd, Edward Meyercord sold 50,000 shares of Extreme Networks stock. The stock was sold at an average price of $14.91, for a total transaction of $745,500.00.
• On Friday, January 2nd, Edward Meyercord sold 50,000 shares of Extreme Networks stock. The stock was sold at an average price of $16.54, for a total transaction of $827,000.00.

Extreme Networks Trading Up 1.1%

Shares of EXTR stock traded up $0.16 during mid-day trading on Thursday, reaching $15.36. The company’s stock had a trading volume of 1,035,414 shares, compared to its average volume of 1,650,624. The company’s 50 day simple moving average is $14.66 and its 200-day simple moving average is $17.08. Extreme Networks, Inc. has a 12-month low of $10.10 and a 12-month high of $22.89. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $2.06 billion, a PE ratio of 219.46, a price-to-earnings-growth ratio of 1.62 and a beta of 1.62.

Extreme Networks (NASDAQ:EXTR) last announced its quarterly earnings results on Wednesday, January 28th. The technology company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. Extreme Networks had a net margin of 0.75% and a return on equity of 75.56%. The firm had revenue of $317.93 million during the quarter, compared to analysts’ expectations of $312.33 million. During the same period in the prior year, the company earned $0.21 EPS. The firm’s revenue was up 13.8% on a year-over-year basis. Extreme Networks has set its Q3 2026 guidance at 0.230-0.250 EPS and its FY 2026 guidance at 0.980-1.020 EPS. On average, research analysts predict that Extreme Networks, Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on EXTR. Rosenblatt Securities reiterated a “buy” rating and issued a $25.00 target price on shares of Extreme Networks in a research note on Thursday, January 29th. Needham & Company LLC decreased their target price on shares of Extreme Networks from $24.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, January 29th. Wall Street Zen raised shares of Extreme Networks from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 28th. UBS Group reiterated a “neutral” rating and issued a $17.00 price objective on shares of Extreme Networks in a report on Thursday, January 29th. Finally, Weiss Ratings cut shares of Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 17th. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Extreme Networks has a consensus rating of “Moderate Buy” and a consensus price target of $22.67.

Hedge Funds Weigh In On Extreme Networks

Several institutional investors and hedge funds have recently made changes to their positions in the business. Rockefeller Capital Management L.P. increased its stake in shares of Extreme Networks by 313.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,957 shares of the technology company’s stock worth $33,000 after buying an additional 1,484 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Extreme Networks by 89.1% during the 4th quarter. Pacer Advisors Inc. now owns 14,026 shares of the technology company’s stock valued at $234,000 after acquiring an additional 6,609 shares during the last quarter. Invesco Ltd. boosted its stake in Extreme Networks by 16.9% during the 4th quarter. Invesco Ltd. now owns 1,168,651 shares of the technology company’s stock valued at $19,458,000 after acquiring an additional 168,998 shares during the last quarter. Summit Global Investments acquired a new position in Extreme Networks during the 4th quarter worth $218,000. Finally, Vident Advisory LLC grew its holdings in Extreme Networks by 20.8% during the 4th quarter. Vident Advisory LLC now owns 20,256 shares of the technology company’s stock worth $337,000 after acquiring an additional 3,491 shares in the last quarter. 91.05% of the stock is currently owned by hedge funds and other institutional investors.

Extreme Networks Company Profile

Extreme Networks, Inc (NASDAQ: EXTR) is a global provider of end-to-end networking solutions designed to support enterprise, data center, and service provider environments. The company’s product portfolio encompasses high-performance wired and wireless access switches, routers, network security appliances, and software-defined networking (SDN) tools. Driven by a cloud-native management architecture, Extreme’s Intelligent Edge Platform integrates network analytics, automation and orchestration capabilities to help organizations optimize performance, reduce operational complexity and strengthen security.

Since its founding in the mid-1990s and subsequent public listing in 1999, Extreme Networks has expanded its technology footprint through targeted acquisitions.