Edward Meyercord Sells 50,000 Shares of Extreme Networks (NASDAQ:EXTR) Stock

Extreme Networks, Inc. (NASDAQ:EXTR) CEO Edward Meyercord sold 50,000 shares of Extreme Networks stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 1,871,418 shares in the company, valued at $32,674,958.28. This trade represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Extreme Networks Trading Down 2.6%

Shares of Extreme Networks stock traded down $0.46 during trading on Monday, reaching $17.04. The company’s stock had a trading volume of 1,149,718 shares, compared to its average volume of 1,386,635. The company has a quick ratio of 0.74, a current ratio of 0.91 and a debt-to-equity ratio of 2.32. Extreme Networks, Inc. has a 52-week low of $10.10 and a 52-week high of $22.89. The firm’s 50-day moving average is $19.26 and its two-hundred day moving average is $18.82. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 243.43, a PEG ratio of 1.89 and a beta of 1.82.

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

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Extreme Networks in a research note on Wednesday. UBS Group lifted their target price on shares of Extreme Networks from $15.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Rosenblatt Securities reissued a “buy” rating and set a $25.00 price target on shares of Extreme Networks in a research report on Tuesday, November 11th. Lake Street Capital raised shares of Extreme Networks from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Thursday, August 7th. Finally, Oppenheimer raised Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 target price on the stock in a research note on Thursday, October 30th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $23.83.

Institutional Trading of Extreme Networks

Several institutional investors and hedge funds have recently bought and sold shares of EXTR. Vanguard Group Inc. grew its holdings in shares of Extreme Networks by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 18,325,419 shares of the technology company’s stock worth $242,445,000 after acquiring an additional 406,350 shares during the period. State Street Corp boosted its position in shares of Extreme Networks by 0.4% during the second quarter. State Street Corp now owns 5,392,673 shares of the technology company’s stock valued at $96,798,000 after purchasing an additional 24,120 shares in the last quarter. Paradigm Capital Management Inc. NY grew its stake in Extreme Networks by 0.7% in the first quarter. Paradigm Capital Management Inc. NY now owns 5,225,200 shares of the technology company’s stock worth $69,129,000 after purchasing an additional 35,400 shares during the period. American Century Companies Inc. raised its holdings in Extreme Networks by 21.7% in the second quarter. American Century Companies Inc. now owns 3,494,851 shares of the technology company’s stock worth $62,733,000 after purchasing an additional 622,953 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Extreme Networks by 1.0% in the second quarter. Geode Capital Management LLC now owns 3,191,820 shares of the technology company’s stock worth $57,301,000 after purchasing an additional 33,045 shares in the last quarter. 91.05% of the stock is currently owned by hedge funds and other institutional investors.

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.