Key Points
- Insider sale: Extreme Networks insider Katayoun Motiey sold 30,000 shares on June 12 at an average price of $31.03, totaling $930,900. After the trade, Motiey still held 120,834 shares, a 19.89% reduction in the position.
- Multiple recent transactions: Motiey also sold shares in several earlier trades in May and June, including 7,500 shares on June 8 and June 1, 15,000 shares on May 26, and 7,661 shares on May 14.
- Stock and fundamentals: EXTR was trading near its 52-week high at $31.11, and the company recently beat quarterly EPS and revenue estimates. Analysts currently have a Moderate Buy consensus with a price target of $29.33.
Extreme Networks, Inc. (NASDAQ:EXTR - Get Free Report) insider Katayoun Motiey sold 30,000 shares of the business's stock in a transaction on Friday, June 12th. The stock was sold at an average price of $31.03, for a total transaction of $930,900.00. Following the completion of the transaction, the insider owned 120,834 shares in the company, valued at $3,749,479.02. This represents a 19.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Katayoun Motiey also recently made the following trade(s):
- On Monday, June 8th, Katayoun Motiey sold 7,500 shares of Extreme Networks stock. The stock was sold at an average price of $30.00, for a total transaction of $225,000.00.
- On Monday, June 1st, Katayoun Motiey sold 7,500 shares of Extreme Networks stock. The stock was sold at an average price of $28.00, for a total transaction of $210,000.00.
- On Tuesday, May 26th, Katayoun Motiey sold 15,000 shares of Extreme Networks stock. The stock was sold at an average price of $26.50, for a total transaction of $397,500.00.
- On Thursday, May 14th, Katayoun Motiey sold 7,661 shares of Extreme Networks stock. The stock was sold at an average price of $25.00, for a total transaction of $191,525.00.
Extreme Networks Price Performance
EXTR opened at $31.11 on Friday. The company has a 50-day moving average of $22.58 and a 200-day moving average of $18.06. The company has a market capitalization of $4.07 billion, a P/E ratio of 259.25, a PEG ratio of 2.93 and a beta of 1.81. Extreme Networks, Inc. has a 1-year low of $13.48 and a 1-year high of $31.57. 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 (NASDAQ:EXTR - Get Free Report) last released its earnings results on Wednesday, April 29th. The technology company reported $0.26 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $311.48 million. During the same quarter in the previous year, the firm earned $0.21 EPS. The company's revenue was up 11.4% on a year-over-year basis. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. Equities analysts expect that Extreme Networks, Inc. will post 0.53 EPS for the current fiscal year.
Analyst Ratings Changes
Several research firms have commented on EXTR. B. Riley Financial restated a "buy" rating on shares of Extreme Networks in a research report on Thursday, April 30th. Needham & Company LLC upped their target price on shares of Extreme Networks from $21.00 to $26.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Bank of America upped their target price on shares of Extreme Networks from $28.00 to $33.00 and gave the stock a "buy" rating in a research report on Monday, June 8th. Rosenblatt Securities upped their target price on shares of Extreme Networks from $29.00 to $39.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Wall Street Zen upgraded shares of Extreme Networks from a "buy" rating to a "strong-buy" rating in a research report on Sunday, May 24th. Six equities research 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. According to data from MarketBeat, Extreme Networks presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.33.
Get Our Latest Report on EXTR
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its holdings in shares of Extreme Networks by 3.1% in the third quarter. Envestnet Asset Management Inc. now owns 22,783 shares of the technology company's stock valued at $470,000 after acquiring an additional 683 shares in the last quarter. ProShare Advisors LLC boosted its holdings in shares of Extreme Networks by 3.0% in the fourth quarter. ProShare Advisors LLC now owns 25,609 shares of the technology company's stock valued at $426,000 after acquiring an additional 735 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Extreme Networks by 7.2% in the first quarter. PNC Financial Services Group Inc. now owns 11,001 shares of the technology company's stock valued at $166,000 after acquiring an additional 735 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Extreme Networks by 3.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 30,633 shares of the technology company's stock valued at $510,000 after acquiring an additional 900 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of Extreme Networks by 51.7% in the fourth quarter. CWM LLC now owns 3,179 shares of the technology company's stock valued at $53,000 after acquiring an additional 1,084 shares in the last quarter. 91.05% of the stock is currently owned by institutional investors.
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.
Further Reading
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