Key Points
- CEO Edward Meyercord sold 50,000 shares on April 1 at an average price of $15.30 (≈$765,000) under a pre-arranged Rule 10b5-1 trading plan, cutting his stake by 2.57% to about 1,897,270 shares (≈$29.0M); he also sold 50,000 shares in January and February, bringing YTD insider sales to 150,000 shares.
- Extreme Networks posted a quarterly EPS of $0.26 (beating estimates) with revenue up 13.8% to $317.93M, set FY2026 guidance of $0.98–1.02 EPS, and carries a consensus "Moderate Buy" from analysts with a $22.67 price target; the stock has a market cap of ~$2.06B and a PE of ~219.46.
Extreme Networks, Inc. (NASDAQ:EXTR - Get Free Report) CEO Edward Meyercord sold 50,000 shares of the company's stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $15.30, for a total value of $765,000.00. Following the completion of the sale, the chief executive officer directly owned 1,897,270 shares in the company, valued at approximately $29,028,231. The trade was a 2.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 value of $745,500.00.
- On Friday, January 2nd, Edward Meyercord sold 50,000 shares of Extreme Networks stock. The shares were sold at an average price of $16.54, for a total value of $827,000.00.
Extreme Networks Stock Performance
Shares of EXTR stock opened at $15.36 on Friday. The company's fifty day moving average price is $14.66 and its 200-day moving average price is $17.07. The stock has a market cap of $2.06 billion, a PE ratio of 219.46, a price-to-earnings-growth ratio of 1.64 and a beta of 1.62. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 1.61. 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 quarterly earnings results on Wednesday, January 28th. The technology company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. Extreme Networks had a net margin of 0.75% and a return on equity of 75.56%. The company had revenue of $317.93 million during the quarter, compared to analyst estimates of $312.33 million. During the same period last year, the business earned $0.21 EPS. Extreme Networks's quarterly revenue was up 13.8% compared to the same quarter last year. 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, equities analysts expect that Extreme Networks, Inc. will post 0.31 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on EXTR. UBS Group reissued a "neutral" rating and issued a $17.00 price target on shares of Extreme Networks in a research report on Thursday, January 29th. Weiss Ratings lowered Extreme Networks from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, February 17th. Rosenblatt Securities reissued a "buy" rating and issued a $25.00 target price on shares of Extreme Networks in a report on Thursday, January 29th. Needham & Company LLC cut their target price on Extreme Networks from $24.00 to $21.00 and set a "buy" rating on the stock in a research note on Thursday, January 29th. Finally, Wall Street Zen upgraded Extreme Networks from a "buy" rating to a "strong-buy" rating in a report on Saturday, February 28th. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.67.
View Our Latest Stock Report on EXTR
Institutional Investors Weigh In On Extreme Networks
Several institutional investors and hedge funds have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership raised its holdings in Extreme Networks by 3,302.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,460,851 shares of the technology company's stock worth $44,172,000 after acquiring an additional 2,388,527 shares during the last quarter. Alyeska Investment Group L.P. increased its holdings in shares of Extreme Networks by 301.9% in the 4th quarter. Alyeska Investment Group L.P. now owns 2,971,718 shares of the technology company's stock worth $49,479,000 after purchasing an additional 2,232,373 shares in the last quarter. Jain Global LLC bought a new stake in shares of Extreme Networks in the 4th quarter worth $17,361,000. Millennium Management LLC raised its stake in shares of Extreme Networks by 163.0% in the first quarter. Millennium Management LLC now owns 1,260,362 shares of the technology company's stock worth $16,675,000 after purchasing an additional 781,103 shares during the last quarter. Finally, Southernsun Asset Management LLC lifted its holdings in shares of Extreme Networks by 46.9% during the fourth quarter. Southernsun Asset Management LLC now owns 1,970,886 shares of the technology company's stock valued at $32,815,000 after purchasing an additional 629,486 shares in the last quarter. Institutional investors own 91.05% of the company's stock.
Extreme Networks Company Profile
(
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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