Key Points
- CEO Edward Meyercord sold 50,000 shares on May 1 at an average price of $22.08 for a total of $1,104,000 under a pre-arranged Rule 10b5-1 plan, leaving him with 1,897,270 shares (a 2.57% reduction in ownership) valued at about $41.9 million.
- Extreme Networks beat expectations in its latest quarter with $0.26 EPS (vs. $0.24 est.) and revenue of $316.87 million, up 11.4% year-over-year, and provided Q4 2026 guidance of $0.280–0.300 EPS while analysts forecast ~ $0.47 EPS for the year.
- Analyst sentiment is largely positive—six Buys and two Holds—resulting in a consensus "Moderate Buy" and a $25.50 target price, while the stock carries a market cap of about $3.07 billion and a high P/E (~190).
Extreme Networks, Inc. (NASDAQ:EXTR - Get Free Report) Director Raj Khanna sold 3,204 shares of the firm's stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $22.20, for a total transaction of $71,128.80. Following the completion of the transaction, the director owned 226,858 shares in the company, valued at approximately $5,036,247.60. The trade was a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Raj Khanna also recently made the following trade(s):
- On Friday, May 1st, Raj Khanna sold 6,796 shares of Extreme Networks stock. The stock was sold at an average price of $22.20, for a total transaction of $150,871.20.
Extreme Networks Trading Up 2.5%
Extreme Networks stock opened at $22.84 on Tuesday. The firm's 50-day moving average is $15.84 and its 200-day moving average is $16.54. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.78 and a current ratio of 0.91. Extreme Networks, Inc. has a 1 year low of $13.48 and a 1 year high of $23.20. The company has a market cap of $3.07 billion, a P/E ratio of 190.33, a PEG ratio of 2.35 and a beta of 1.77.
Extreme Networks (NASDAQ:EXTR - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.02. Extreme Networks had a net margin of 1.30% and a return on equity of 81.88%. The company had revenue of $316.87 million for the quarter, compared to the consensus estimate of $311.48 million. During the same period last year, the firm posted $0.21 EPS. The company's revenue for the quarter was up 11.4% on a year-over-year basis. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. On average, equities analysts expect that Extreme Networks, Inc. will post 0.47 earnings per share for the current year.
Analyst Upgrades and Downgrades
EXTR has been the topic of a number of recent research reports. B. Riley Financial restated a "buy" rating on shares of Extreme Networks in a research report on Thursday. Wall Street Zen upgraded shares of Extreme Networks from a "buy" rating to a "strong-buy" rating in a research report on Sunday. Needham & Company LLC lifted their price objective on shares of Extreme Networks from $21.00 to $26.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Lake Street Capital reiterated a "buy" rating and issued a $25.00 price objective on shares of Extreme Networks in a research report on Thursday. Finally, Weiss Ratings upgraded shares of Extreme Networks from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday. Six 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, Extreme Networks presently has a consensus rating of "Moderate Buy" and an average target price of $25.50.
Read Our Latest Stock Analysis on Extreme Networks
Institutional Trading of Extreme Networks
Hedge funds have recently bought and sold shares of the company. Salomon & Ludwin LLC bought a new stake in Extreme Networks in the 3rd quarter valued at about $27,000. Caitong International Asset Management Co. Ltd acquired a new position in Extreme Networks during the 3rd quarter valued at about $31,000. Rockefeller Capital Management L.P. increased its stake in Extreme Networks by 313.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,957 shares of the technology company's stock valued at $33,000 after buying an additional 1,484 shares during the period. CWM LLC increased its stake in Extreme Networks by 44.8% during the 3rd quarter. CWM LLC now owns 2,095 shares of the technology company's stock valued at $43,000 after buying an additional 648 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in Extreme Networks by 85.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,201 shares of the technology company's stock valued at $45,000 after buying an additional 1,014 shares during the period. 91.05% of the stock is currently owned by institutional investors.
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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