Extreme Networks (NASDAQ:EXTR) CFO Sells $1,065,050.00 in Stock

Extreme Networks, Inc. (NASDAQ:EXTR) CFO Kevin Rhodes sold 35,000 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $30.43, for a total value of $1,065,050.00. Following the transaction, the chief financial officer owned 151,296 shares of the company’s stock, valued at $4,603,937.28. The trade was a 18.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Extreme Networks Stock Performance

Shares of Extreme Networks stock opened at $31.11 on Monday. Extreme Networks, Inc. has a 52-week low of $13.48 and a 52-week high of $31.57. The stock’s 50-day simple moving average is $22.58 and its 200 day simple moving average is $18.07. The stock has a market capitalization of $4.07 billion, a P/E ratio of 259.25, a P/E/G ratio of 2.94 and a beta of 1.80. 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) last issued its earnings results on Wednesday, April 29th. The technology company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The firm had revenue of $316.87 million during the quarter, compared to analyst estimates of $311.48 million. Extreme Networks had a net margin of 1.30% and a return on equity of 81.88%. The company’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the business earned $0.21 earnings per share. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. As a group, research analysts anticipate that Extreme Networks, Inc. will post 0.53 EPS for the current year.

Hedge Funds Weigh In On Extreme Networks

Several hedge funds have recently bought and sold shares of EXTR. Caitong International Asset Management Co. Ltd purchased a new stake in Extreme Networks in the 3rd quarter worth approximately $31,000. Rockefeller Capital Management L.P. grew its position in shares of Extreme Networks by 313.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,957 shares of the technology company’s stock valued at $33,000 after purchasing an additional 1,484 shares in the last quarter. CWM LLC grew its position in shares of Extreme Networks by 51.7% during the 4th quarter. CWM LLC now owns 3,179 shares of the technology company’s stock valued at $53,000 after purchasing an additional 1,084 shares in the last quarter. Quarry LP increased its holdings in shares of Extreme Networks by 74.9% in the third quarter. Quarry LP now owns 2,610 shares of the technology company’s stock worth $54,000 after purchasing an additional 1,118 shares during the period. Finally, Advisors Asset Management Inc. increased its holdings in shares of Extreme Networks by 136.8% in the fourth quarter. Advisors Asset Management Inc. now owns 3,221 shares of the technology company’s stock worth $54,000 after purchasing an additional 1,861 shares during the period. Hedge funds and other institutional investors own 91.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on EXTR shares. B. Riley Financial reiterated a “buy” rating on shares of Extreme Networks in a research note on Thursday, April 30th. Rosenblatt Securities increased their target price on Extreme Networks from $29.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday. Weiss Ratings lowered Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 15th. Lake Street Capital reiterated a “buy” rating and issued a $25.00 price target on shares of Extreme Networks in a research report on Thursday, April 30th. Finally, UBS Group set a $28.00 price objective on Extreme Networks in a research note on Thursday, April 30th. Six 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $29.33.

Extreme Networks Company Profile

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.