Voss Capital LP Reduces Stock Position in Extreme Networks, Inc. $EXTR

Voss Capital LP reduced its holdings in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 79.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 250,000 shares of the technology company’s stock after selling 938,770 shares during the quarter. Voss Capital LP owned 0.19% of Extreme Networks worth $4,488,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Focus Partners Wealth boosted its stake in Extreme Networks by 25.3% during the 1st quarter. Focus Partners Wealth now owns 324,736 shares of the technology company’s stock valued at $4,296,000 after acquiring an additional 65,535 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Extreme Networks by 18.3% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 822,706 shares of the technology company’s stock worth $14,768,000 after purchasing an additional 126,972 shares during the last quarter. Northern Trust Corp raised its stake in shares of Extreme Networks by 0.8% in the 1st quarter. Northern Trust Corp now owns 1,494,018 shares of the technology company’s stock valued at $19,766,000 after purchasing an additional 11,905 shares in the last quarter. Invesco Ltd. lifted its position in shares of Extreme Networks by 3.4% during the first quarter. Invesco Ltd. now owns 533,849 shares of the technology company’s stock worth $7,063,000 after purchasing an additional 17,431 shares during the last quarter. Finally, Centurion Wealth Management LLC acquired a new position in Extreme Networks in the second quarter worth about $395,000. Institutional investors and hedge funds own 91.05% of the company’s stock.

Extreme Networks Trading Up 0.8%

NASDAQ:EXTR opened at $17.59 on Monday. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 251.29, a PEG ratio of 1.95 and a beta of 1.67. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.75 and a current ratio of 0.91. Extreme Networks, Inc. has a 1 year low of $10.10 and a 1 year high of $22.89. The business has a fifty day moving average of $18.86 and a 200-day moving average of $18.86.

Extreme Networks (NASDAQ:EXTR) last posted its quarterly earnings data on Wednesday, October 29th. The technology company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. The business had revenue of $310.25 million during the quarter, compared to the consensus estimate of $295.72 million. Extreme Networks had a net margin of 0.73% and a return on equity of 81.83%. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.17 earnings per share. Extreme Networks has set its Q2 2026 guidance at 0.230-0.250 EPS. Equities analysts predict that Extreme Networks, Inc. will post 0.31 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have commented on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Extreme Networks in a report on Tuesday, December 2nd. Needham & Company LLC reiterated a “buy” rating and set a $24.00 target price on shares of Extreme Networks in a research note on Monday, November 24th. Oppenheimer raised shares of Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 target price on the stock in a report on Thursday, October 30th. Wall Street Zen raised shares of Extreme Networks from a “buy” rating to a “strong-buy” rating in a report on Friday, November 28th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $25.00 price objective on shares of Extreme Networks in a research note on Tuesday, November 11th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $23.83.

Insider Activity

In other Extreme Networks news, CEO Edward Meyercord sold 50,000 shares of the stock in a transaction on Friday, November 28th. The stock was sold at an average price of $17.46, for a total transaction of $873,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,871,418 shares of the company’s stock, valued at approximately $32,674,958.28. This trade represents a 2.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.60% of the stock is owned by company insiders.

Extreme Networks Company Profile

Extreme Networks, Inc delivers cloud-driven networking solutions that leverage the powers of machine learning, artificial intelligence, analytics, and automation.
The company designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security, and access controls.