Extreme Networks (NASDAQ:EXTR) Director Sells $483,730.38 in Stock

Extreme Networks, Inc. (NASDAQ:EXTR) Director Kathleen Holmgren sold 19,521 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $24.78, for a total value of $483,730.38. Following the sale, the director owned 219,308 shares of the company’s stock, valued at $5,434,452.24. The trade was a 8.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Extreme Networks Price Performance

Shares of EXTR traded down $0.55 during trading hours on Monday, hitting $24.11. 2,246,780 shares of the stock were exchanged, compared to its average volume of 2,093,308. 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 12-month low of $13.48 and a 12-month high of $25.13. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 200.92, a price-to-earnings-growth ratio of 2.33 and a beta of 1.77. The stock’s 50-day moving average price is $17.59 and its two-hundred day moving average price is $16.74.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.24 by $0.02. Extreme Networks had a return on equity of 81.88% and a net margin of 1.30%.The firm had revenue of $316.87 million during the quarter, compared to analysts’ expectations of $311.48 million. During the same period in the previous year, the business earned $0.21 earnings per share. The firm’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. Research analysts expect that Extreme Networks, Inc. will post 0.53 earnings per share for the current year.

Hedge Funds Weigh In On Extreme Networks

Several large investors have recently modified their holdings of EXTR. Vanguard Group Inc. lifted its stake in Extreme Networks by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 19,112,223 shares of the technology company’s stock worth $318,219,000 after acquiring an additional 349,199 shares in the last quarter. Axecap Investments LLC acquired a new position in Extreme Networks during the 3rd quarter worth about $1,609,000. Lisanti Capital Growth LLC lifted its stake in Extreme Networks by 72.5% during the 3rd quarter. Lisanti Capital Growth LLC now owns 248,712 shares of the technology company’s stock worth $5,136,000 after acquiring an additional 104,557 shares in the last quarter. Hillsdale Investment Management Inc. lifted its stake in Extreme Networks by 73,806.7% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 332,580 shares of the technology company’s stock worth $6,868,000 after acquiring an additional 332,130 shares in the last quarter. Finally, M&T Bank Corp lifted its stake in Extreme Networks by 547.7% during the 4th quarter. M&T Bank Corp now owns 77,937 shares of the technology company’s stock worth $1,298,000 after acquiring an additional 65,904 shares in the last quarter. Institutional investors and hedge funds own 91.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on EXTR. Weiss Ratings cut Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. Lake Street Capital restated a “buy” rating and issued a $25.00 target price on shares of Extreme Networks in a report on Thursday, April 30th. UBS Group set a $28.00 target price on Extreme Networks in a report on Thursday, April 30th. Rosenblatt Securities restated a “buy” rating and issued a $25.00 target price on shares of Extreme Networks in a report on Thursday, January 29th. Finally, B. Riley Financial restated a “buy” rating on shares of Extreme Networks in a report on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $25.50.

About Extreme Networks

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.