Key Points
- Extreme Networks CEO Edward Meyercord sold 100,000 shares on May 26 at an average price of $26.10, totaling about $2.61 million. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- The CEO has been actively reducing his stake, including multiple sales earlier in May and April. After the latest transaction, he still directly owns 1,721,902 shares valued at roughly $44.9 million.
- Extreme Networks recently beat earnings expectations, reporting $0.26 EPS versus the $0.24 consensus and revenue of $316.87 million, up 11.4% year over year. Analysts currently have a Moderate Buy average rating with a $25.50 price target.
Extreme Networks, Inc. (NASDAQ:EXTR - Get Free Report) insider Katayoun Motiey sold 15,000 shares of the business's stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $26.50, for a total value of $397,500.00. Following the completion of the transaction, the insider directly owned 173,334 shares of the company's stock, valued at approximately $4,593,351. This trade represents a 7.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Katayoun Motiey also recently made the following trade(s):
- On Thursday, May 14th, Katayoun Motiey sold 7,661 shares of Extreme Networks stock. The shares were sold at an average price of $25.00, for a total value of $191,525.00.
Extreme Networks Stock Performance
Shares of EXTR stock opened at $26.21 on Friday. The stock has a market cap of $3.43 billion, a PE ratio of 218.42, a price-to-earnings-growth ratio of 2.52 and a beta of 1.77. The business has a 50-day simple moving average of $19.51 and a 200-day simple moving average of $17.16. The company has a quick ratio of 0.78, a current ratio of 0.91 and a debt-to-equity ratio of 1.89. Extreme Networks, Inc. has a 52-week low of $13.48 and a 52-week high of $27.28.
Extreme Networks (NASDAQ:EXTR - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02. The business had revenue of $316.87 million during the quarter, compared to analysts' expectations of $311.48 million. Extreme Networks had a return on equity of 81.88% and a net margin of 1.30%.The company's revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 EPS. 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 0.53 EPS for the current year.
Hedge Funds Weigh In On Extreme Networks
A number of large investors have recently bought and sold shares of EXTR. Royal Bank of Canada raised its holdings in Extreme Networks by 20.8% in the 1st quarter. Royal Bank of Canada now owns 73,610 shares of the technology company's stock worth $974,000 after purchasing an additional 12,667 shares during the period. AQR Capital Management LLC raised its holdings in Extreme Networks by 6.6% in the 1st quarter. AQR Capital Management LLC now owns 34,375 shares of the technology company's stock worth $455,000 after purchasing an additional 2,122 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Extreme Networks by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,723 shares of the technology company's stock worth $1,015,000 after purchasing an additional 3,349 shares during the period. Millennium Management LLC raised its holdings 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 worth $16,675,000 after purchasing an additional 781,103 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Extreme Networks by 7.5% during 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 buying an additional 22,209 shares in the last quarter. Institutional investors and hedge funds own 91.05% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the company. Lake Street Capital reissued a "buy" rating and issued a $25.00 price objective on shares of Extreme Networks in a report on Thursday, April 30th. Rosenblatt Securities reissued a "buy" rating and issued a $25.00 price objective on shares of Extreme Networks in a report on Thursday, January 29th. Weiss Ratings cut Extreme Networks from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday, May 15th. B. Riley Financial reissued a "buy" rating on shares of Extreme Networks in a report on Thursday, April 30th. Finally, Wall Street Zen raised Extreme Networks from a "buy" rating to a "strong-buy" rating in a report on Sunday, May 24th. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Extreme Networks presently has a consensus rating of "Moderate Buy" and a consensus price target of $25.50.
Check Out Our Latest Analysis on Extreme Networks
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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