Key Points
- Insider sale: Extreme Networks insider Katayoun Motiey sold 7,661 shares on May 14 at an average price of $25.00, totaling about $191,525. The sale was made under a pre-arranged Rule 10b5-1 plan and reduced her ownership by 4%.
- Strong quarterly results: The company reported quarterly EPS of $0.26, topping analyst expectations of $0.24, on revenue of $316.87 million versus estimates of $311.48 million. Revenue rose 11.4% year over year, and the company issued Q4 2026 guidance of $0.28 to $0.30 EPS.
- Analyst and institutional sentiment: Analysts remain broadly positive, with a consensus rating of Moderate Buy and an average target price of $25.50. Institutional ownership is also high, with hedge funds and other institutions holding 91.05% of the shares.
Extreme Networks, Inc. (NASDAQ:EXTR - Get Free Report) insider Katayoun Motiey sold 7,661 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $25.00, for a total transaction of $191,525.00. Following the completion of the sale, the insider owned 183,782 shares in the company, valued at $4,594,550. This represents a 4.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Extreme Networks Stock Performance
Shares of NASDAQ:EXTR opened at $24.11 on Tuesday. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 200.92, a P/E/G ratio of 2.33 and a beta of 1.77. The firm's 50 day simple moving average is $17.78 and its 200 day simple moving average is $16.76. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.91 and a quick ratio of 0.78. Extreme Networks, Inc. has a fifty-two week low of $13.48 and a fifty-two week high of $25.13.
Extreme Networks (NASDAQ:EXTR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. The business had revenue of $316.87 million for the quarter, compared to the consensus estimate of $311.48 million. Extreme Networks had a net margin of 1.30% and a return on equity of 81.88%. Extreme Networks's revenue for the quarter was up 11.4% on a year-over-year basis. During the same period last year, the company posted $0.21 EPS. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. As a group, sell-side analysts forecast that Extreme Networks, Inc. will post 0.53 earnings per share for the current year.
Institutional Investors Weigh In On Extreme Networks
Several hedge funds and other institutional investors have recently added to or reduced their stakes in EXTR. Alyeska Investment Group L.P. increased its stake in 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 valued at $49,479,000 after buying an additional 2,232,373 shares during the last quarter. Jain Global LLC acquired a new stake in Extreme Networks in the 4th quarter valued at $17,361,000. SEB Asset Management AB acquired a new stake in Extreme Networks in the 1st quarter valued at $12,192,000. Millennium Management LLC increased its stake in Extreme Networks by 163.0% in the 1st quarter. Millennium Management LLC now owns 1,260,362 shares of the technology company's stock valued at $16,675,000 after buying an additional 781,103 shares during the last quarter. Finally, Southernsun Asset Management LLC increased its stake in Extreme Networks by 46.9% in the 4th quarter. Southernsun Asset Management LLC now owns 1,970,886 shares of the technology company's stock valued at $32,815,000 after buying an additional 629,486 shares during the last quarter. 91.05% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages have commented on EXTR. Needham & Company LLC raised their target price on shares of Extreme Networks from $21.00 to $26.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. Lake Street Capital restated a "buy" rating and set a $25.00 target price on shares of Extreme Networks in a report on Thursday, April 30th. Wall Street Zen downgraded shares of Extreme Networks from a "strong-buy" rating to a "buy" rating in a report on Saturday. Rosenblatt Securities restated a "buy" rating and set a $25.00 target price on shares of Extreme Networks in a report on Thursday, January 29th. Finally, Weiss Ratings downgraded shares of Extreme Networks from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $25.50.
View Our Latest Research Report on Extreme Networks
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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