Extreme Networks (NASDAQ:EXTR) CEO Sells $745,500.00 in Stock

Extreme Networks, Inc. (NASDAQ:EXTR) CEO Edward Meyercord sold 50,000 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $14.91, for a total transaction of $745,500.00. Following the completion of the transaction, the chief executive officer directly owned 1,871,418 shares of the company’s stock, valued at $27,902,842.38. This represents a 2.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Edward Meyercord also recently made the following trade(s):

• On Friday, January 2nd, Edward Meyercord sold 50,000 shares of Extreme Networks stock. The shares were sold at an average price of $16.54, for a total value of $827,000.00.
• On Friday, November 28th, Edward Meyercord sold 50,000 shares of Extreme Networks stock. The stock was sold at an average price of $17.46, for a total value of $873,000.00.

Extreme Networks Price Performance

EXTR stock traded up $0.10 during midday trading on Tuesday, hitting $14.89. The company’s stock had a trading volume of 2,299,069 shares, compared to its average volume of 1,788,849. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 212.74, a price-to-earnings-growth ratio of 1.43 and a beta of 1.68. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 1.61. Extreme Networks, Inc. has a 12 month low of $10.10 and a 12 month high of $22.89. The company has a 50 day moving average of $16.45 and a two-hundred day moving average of $18.64.

Extreme Networks (NASDAQ:EXTR) last posted its earnings results on Wednesday, January 28th. The technology company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. The company had revenue of $317.93 million during the quarter, compared to analysts’ expectations of $312.33 million. Extreme Networks had a net margin of 0.75% and a return on equity of 75.56%. Extreme Networks’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the company 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. On average, analysts expect that Extreme Networks, Inc. will post 0.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Wall Street Zen downgraded Extreme Networks from a “strong-buy” rating to a “buy” rating in a research report on Monday. UBS Group reiterated a “neutral” rating and set a $17.00 price objective on shares of Extreme Networks in a research report on Thursday, January 29th. Weiss Ratings upgraded shares of Extreme Networks from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday. Oppenheimer upgraded 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. Finally, Bank of America began coverage on Extreme Networks in a research report on Wednesday, November 19th. They issued a “buy” rating and a $24.00 price target for the company. Six 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 stock currently has an average rating of “Moderate Buy” and a consensus price target of $22.67.

Institutional Trading of Extreme Networks

Several institutional investors have recently added to or reduced their stakes in the company. Salomon & Ludwin LLC bought a new position in shares of Extreme Networks during the third quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd bought a new position in Extreme Networks in the 3rd quarter valued at $31,000. CWM LLC increased its stake in Extreme Networks by 44.8% in the third quarter. CWM LLC now owns 2,095 shares of the technology company’s stock worth $43,000 after purchasing an additional 648 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Extreme Networks by 85.4% during the third quarter. Farther Finance Advisors LLC now owns 2,201 shares of the technology company’s stock worth $45,000 after purchasing an additional 1,014 shares during the last quarter. Finally, Quarry LP lifted its position in shares of Extreme Networks by 74.9% during 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 last quarter. Institutional investors own 91.05% of the company’s stock.

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.