Key Points
- CEO insider sale: Edward Meyercord sold 50,000 shares on Nov. 28 at an average price of $17.46 for roughly $873,000, cutting his stake by 2.6% to 1,871,418 shares, per an SEC filing.
- Quarterly results: Extreme reported $0.22 EPS (in line) and $310.25M revenue (beat estimates), with revenue up 15.2% year-over-year but a slim net margin of 0.73%.
- Analyst and market view: The consensus rating is "Moderate Buy" (six buys, two holds) with an average target of $23.83; the stock trades near $17, market cap ~$2.28B and a high P/E (~243).
Extreme Networks, Inc. (NASDAQ:EXTR - Get Free Report) CEO Edward Meyercord sold 50,000 shares of the firm's stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $17.46, for a total transaction of $873,000.00. Following the transaction, the chief executive officer directly owned 1,871,418 shares of the company's stock, valued at $32,674,958.28. This represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Extreme Networks Stock Down 2.6%
EXTR stock opened at $17.04 on Tuesday. The firm's fifty day simple moving average is $19.16 and its 200-day simple moving average is $18.83. The company has a market capitalization of $2.28 billion, a P/E ratio of 243.43, a price-to-earnings-growth ratio of 1.89 and a beta of 1.82. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.91 and a quick ratio of 0.74. Extreme Networks, Inc. has a 12 month low of $10.10 and a 12 month high of $22.89.
Extreme Networks (NASDAQ:EXTR - Get Free Report) last issued its earnings results on Wednesday, October 29th. The technology company reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. The firm had revenue of $310.25 million during the quarter, compared to analysts' expectations of $295.72 million. Extreme Networks had a net margin of 0.73% and a return on equity of 81.83%. The firm's revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.17 earnings per share. Extreme Networks has set its FY 2026 guidance at EPS. Q2 2026 guidance at 0.230-0.250 EPS. As a group, equities research analysts forecast that Extreme Networks, Inc. will post 0.31 earnings per share for the current year.
Analyst Ratings Changes
Several brokerages have recently issued reports on EXTR. Wall Street Zen raised Extreme Networks from a "buy" rating to a "strong-buy" rating in a report on Friday. Needham & Company LLC reiterated a "buy" rating and set a $24.00 price target on shares of Extreme Networks in a research report on Monday, November 24th. Rosenblatt Securities reissued a "buy" rating and issued a $25.00 price target on shares of Extreme Networks in a report on Tuesday, November 11th. B. Riley reaffirmed a "buy" rating on shares of Extreme Networks in a research note on Thursday, October 30th. Finally, UBS Group lifted their target price on shares of Extreme Networks from $15.00 to $21.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $23.83.
Check Out Our Latest Analysis on Extreme Networks
Hedge Funds Weigh In On Extreme Networks
A number of hedge funds have recently bought and sold shares of EXTR. CWM LLC increased its position in shares of Extreme Networks by 44.8% in the third quarter. CWM LLC now owns 2,095 shares of the technology company's stock valued at $43,000 after buying an additional 648 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Extreme Networks by 3.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 22,783 shares of the technology company's stock valued at $470,000 after acquiring an additional 683 shares during the period. Arizona State Retirement System increased its holdings in Extreme Networks by 1.8% in the 3rd quarter. Arizona State Retirement System now owns 39,405 shares of the technology company's stock worth $814,000 after acquiring an additional 685 shares in the last quarter. Police & Firemen s Retirement System of New Jersey raised its position in Extreme Networks by 3.3% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 29,356 shares of the technology company's stock worth $527,000 after acquiring an additional 934 shares during the period. Finally, Vestcor Inc lifted its holdings in Extreme Networks by 4.6% during the first quarter. Vestcor Inc now owns 22,462 shares of the technology company's stock valued at $297,000 after purchasing an additional 988 shares in the last quarter. Hedge funds and other institutional investors own 91.05% of the company's stock.
Extreme Networks Company Profile
(
Get Free Report)
Extreme Networks, Inc delivers cloud-driven networking solutions that leverage the powers of machine learning, artificial intelligence, analytics, and automation.
The company designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security, and access controls.
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