Extreme Networks, Inc. $EXTR Shares Bought by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC lifted its holdings in Extreme Networks, Inc. (NASDAQ:EXTR) by 72.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 248,712 shares of the technology company’s stock after purchasing an additional 104,557 shares during the period. Lisanti Capital Growth LLC owned about 0.19% of Extreme Networks worth $5,136,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Salomon & Ludwin LLC acquired a new position in Extreme Networks in the third quarter worth approximately $27,000. CWM LLC boosted its stake in shares of Extreme Networks by 44.8% during the 3rd quarter. CWM LLC now owns 2,095 shares of the technology company’s stock worth $43,000 after acquiring an additional 648 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Extreme Networks by 85.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,201 shares of the technology company’s stock worth $45,000 after acquiring an additional 1,014 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Extreme Networks in the 3rd quarter worth $70,000. Finally, Globeflex Capital L P acquired a new stake in shares of Extreme Networks during the second quarter worth $102,000. 91.05% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Edward Meyercord sold 50,000 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $16.54, for a total transaction of $827,000.00. Following the completion of the sale, the chief executive officer directly owned 1,871,418 shares in the company, valued at approximately $30,953,253.72. This trade represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.60% of the company’s stock.

Extreme Networks News Summary

Here are the key news stories impacting Extreme Networks this week:

• Positive Sentiment: Q2 FY2026 results beat expectations — EXTR topped revenue and EPS estimates and reported its seventh consecutive quarter of growth, supporting the market’s positive reaction to the quarter. Extreme Networks (EXTR) Reports Fiscal Q2 2026 Results, Here’s What You Need to Know
• Positive Sentiment: Shares gapped up after the earnings beat — short‑term price action shows investor enthusiasm for the stronger-than-expected quarter. Extreme Networks (NASDAQ:EXTR) Shares Gap Up After Better-Than-Expected Earnings
• Positive Sentiment: Company projects ~11% revenue growth for fiscal 2026 and highlights progress on an AI-driven networking platform and market-share gains — revenue guide and AI strategy bolster medium‑term growth expectations. Extreme Networks projects 11% revenue growth for fiscal 2026 while advancing AI-driven platform and market share gains
• Positive Sentiment: Analyst support: Rosenblatt reaffirmed a “buy” rating with a $25 price target, signaling upside from current levels and adding to bullish sentiment. Benzinga coverage of analyst action
• Neutral Sentiment: Investor events scheduled in Feb–Mar 2026 — management will be presenting to investors, which could provide more color on execution and the AI roadmap but is informational rather than immediately value‑moving. Extreme Networks Announces Investor Conferences for February and March 2026
• Negative Sentiment: Needham trimmed its price target from $24 to $21 (but kept a “buy” rating) — the cut dampens some upside expectations and suggests less bullishness on valuation despite positive operational news. Benzinga coverage of analyst action

Extreme Networks Price Performance

NASDAQ EXTR opened at $14.58 on Friday. The company has a 50 day simple moving average of $16.50 and a 200-day simple moving average of $18.63. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.95 and a quick ratio of 0.75. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 208.32, a price-to-earnings-growth ratio of 1.59 and a beta of 1.64. Extreme Networks, Inc. has a 52-week low of $10.10 and a 52-week high of $22.89.

Extreme Networks (NASDAQ:EXTR) last announced its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. The firm had revenue of $317.93 million for the quarter, compared to the consensus estimate of $312.33 million. Extreme Networks had a net margin of 0.75% and a return on equity of 75.56%. The firm’s revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 earnings per share. Extreme Networks has set its Q3 2026 guidance at 0.230-0.250 EPS and its FY 2026 guidance at 0.980-1.020 EPS. Equities research analysts predict that Extreme Networks, Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on EXTR shares. Weiss Ratings lowered Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, January 16th. Wall Street Zen raised shares of Extreme Networks from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 25th. 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 research report on Thursday, October 30th. UBS Group restated a “neutral” rating and set a $17.00 price target on shares of Extreme Networks in a report on Thursday. Finally, Rosenblatt Securities restated a “buy” rating and issued a $25.00 price target on shares of Extreme Networks in a research report on Thursday. Six 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 stock. According to data from MarketBeat, Extreme Networks currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.67.

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.