Key Points
- Edward Meyercord sold 50,000 shares of Extreme Networks on Feb. 2 at an average price of $14.91 for $745,500, trimming his stake to 1,871,418 shares (a 2.6% reduction); he also sold 50,000 shares in Jan. and 50,000 in Nov. at higher prices.
- Extreme Networks beat quarterly estimates, reporting $0.26 EPS vs. $0.24 expected and $317.9M revenue (up 13.8% YoY), and issued Q3 2026 guidance of $0.230–$0.250 EPS and FY 2026 guidance of $0.980–$1.020 EPS.
- The company has a roughly $2.0B market cap with a high trailing PE (~212.7), about 91% institutional ownership, and analysts’ consensus of a "Moderate Buy" with an average target price of $22.67.
Extreme Networks, Inc. (NASDAQ:EXTR - Get Free Report) CEO Edward Meyercord sold 50,000 shares of the company's stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $14.91, for a total value of $745,500.00. Following the completion of the sale, the chief executive officer owned 1,871,418 shares in the company, valued at $27,902,842.38. The trade was a 2.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Edward Meyercord also recently made the following trade(s):
- 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 value of $827,000.00.
- On Friday, November 28th, Edward Meyercord sold 50,000 shares of Extreme Networks stock. The stock was sold at an average price of $17.46, for a total value of $873,000.00.
Extreme Networks Price Performance
Shares of NASDAQ:EXTR opened at $14.89 on Wednesday. The business has a fifty day moving average price of $16.40 and a 200-day moving average price of $18.62. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.95 and a quick ratio of 0.80. The company has a market capitalization of $2.00 billion, a PE ratio of 212.74, a PEG ratio of 1.59 and a beta of 1.68. Extreme Networks, Inc. has a 1-year low of $10.10 and a 1-year high of $22.89.
Extreme Networks (NASDAQ:EXTR - Get Free Report) last announced its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. The company had revenue of $317.93 million for the quarter, compared to the consensus estimate of $312.33 million. Extreme Networks had a net margin of 0.75% and a return on equity of 75.56%. Extreme Networks's revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.21 EPS. 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. As a group, equities analysts expect that Extreme Networks, Inc. will post 0.31 EPS for the current fiscal year.
Institutional Trading of Extreme Networks
Large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its holdings in Extreme Networks by 20.8% during the first quarter. Royal Bank of Canada now owns 73,610 shares of the technology company's stock valued at $974,000 after buying an additional 12,667 shares during the last quarter. AQR Capital Management LLC grew its holdings in Extreme Networks by 6.6% during the first quarter. AQR Capital Management LLC now owns 34,375 shares of the technology company's stock valued at $455,000 after purchasing an additional 2,122 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Extreme Networks by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,723 shares of the technology company's stock worth $1,015,000 after buying an additional 3,349 shares during the period. Millennium Management LLC grew its stake in shares of Extreme Networks by 163.0% during the 1st quarter. Millennium Management LLC now owns 1,260,362 shares of the technology company's stock valued at $16,675,000 after acquiring an additional 781,103 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Extreme Networks by 7.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 319,434 shares of the technology company's stock worth $4,226,000 after acquiring an additional 22,209 shares in the last quarter. 91.05% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the company. Weiss Ratings raised Extreme Networks from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday. B. Riley reaffirmed a "buy" rating on shares of Extreme Networks in a report on Thursday, October 30th. Bank of America started coverage on Extreme Networks in a research report on Wednesday, November 19th. They set a "buy" rating and a $24.00 price objective on the stock. UBS Group reissued a "neutral" rating and issued a $17.00 target price on shares of Extreme Networks in a research report on Thursday, January 29th. Finally, Oppenheimer upgraded shares of Extreme Networks from a "market perform" rating to an "outperform" rating and set a $25.00 target price on the stock in a research note on Thursday, October 30th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, Extreme Networks currently has an average rating of "Moderate Buy" and an average target price of $22.67.
Check Out Our Latest Report on EXTR
About Extreme Networks
(
Get Free Report)
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.
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