Extreme Networks, Inc. $EXTR Stock Position Lowered by Vanguard Group Inc.

Vanguard Group Inc. decreased its position in Extreme Networks, Inc. (NASDAQ:EXTR) by 0.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,763,024 shares of the technology company’s stock after selling 99,206 shares during the quarter. Vanguard Group Inc. owned about 14.03% of Extreme Networks worth $387,456,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of EXTR. State Street Corp lifted its holdings in Extreme Networks by 0.4% in the 2nd quarter. State Street Corp now owns 5,392,673 shares of the technology company’s stock valued at $96,798,000 after acquiring an additional 24,120 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Extreme Networks by 21.7% in the 2nd 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 during the last quarter. Geode Capital Management LLC raised its holdings in shares of Extreme Networks by 1.0% in the 2nd 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. Arrowstreet Capital Limited Partnership lifted its stake in Extreme Networks by 3,302.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,460,851 shares of the technology company’s stock valued at $44,172,000 after purchasing an additional 2,388,527 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in Extreme Networks by 163.0% during the first quarter. Millennium Management LLC now owns 1,260,362 shares of the technology company’s stock valued at $16,675,000 after purchasing an additional 781,103 shares during the last quarter. Institutional investors own 91.05% of the company’s stock.

Extreme Networks Stock Performance

Shares of Extreme Networks stock opened at $14.05 on Friday. Extreme Networks, Inc. has a 12 month low of $10.10 and a 12 month high of $22.89. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 1.61. The stock has a market cap of $1.89 billion, a PE ratio of 200.74, a price-to-earnings-growth ratio of 1.51 and a beta of 1.68. The business has a fifty day simple moving average of $15.42 and a 200-day simple moving average of $18.17.

Extreme Networks (NASDAQ:EXTR) last posted its quarterly 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 firm had revenue of $317.93 million for the quarter, compared to analyst estimates of $312.33 million. Extreme Networks had a return on equity of 75.56% and a net margin of 0.75%.Extreme Networks’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the firm earned $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, sell-side analysts anticipate that Extreme Networks, Inc. will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling at Extreme Networks

In other news, CEO Edward Meyercord sold 50,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $14.91, for a total value of $745,500.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on EXTR. Needham & Company LLC decreased their price target on shares of Extreme Networks from $24.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, January 29th. 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. UBS Group reaffirmed a “neutral” rating and set a $17.00 target price on shares of Extreme Networks in a research report on Thursday, January 29th. B. Riley Financial reiterated a “buy” rating on shares of Extreme Networks in a research report on Thursday, October 30th. Finally, Bank of America started coverage on Extreme Networks in a research note on Wednesday, November 19th. They issued a “buy” rating and a $24.00 price target on the stock. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.67.

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.