Circumference Group LLC Has $5.58 Million Stock Position in Extreme Networks, Inc. $EXTR

Circumference Group LLC trimmed its stake in Extreme Networks, Inc. (NASDAQ:EXTR) by 31.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 270,000 shares of the technology company’s stock after selling 125,000 shares during the quarter. Extreme Networks makes up 6.2% of Circumference Group LLC’s holdings, making the stock its 7th largest holding. Circumference Group LLC owned about 0.20% of Extreme Networks worth $5,576,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Salomon & Ludwin LLC purchased a new position in Extreme Networks in the 3rd quarter worth about $27,000. CWM LLC raised its holdings in 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 buying an additional 648 shares during the period. Farther Finance Advisors LLC lifted its stake in Extreme Networks by 85.4% during the third quarter. Farther Finance Advisors LLC now owns 2,201 shares of the technology company’s stock valued at $45,000 after buying an additional 1,014 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Extreme Networks during the third quarter valued at about $70,000. Finally, Quadrant Capital Group LLC acquired a new position in shares of Extreme Networks in the third quarter worth about $91,000. 91.05% of the stock is owned by hedge funds and other institutional investors.

Extreme Networks Stock Performance

Shares of EXTR opened at $14.49 on Friday. The company has a market capitalization of $1.95 billion, a PE ratio of 207.03, a PEG ratio of 1.56 and a beta of 1.67. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.80 and a current ratio of 0.95. The company’s 50 day moving average price is $14.86 and its 200 day moving average price is $17.70. Extreme Networks, Inc. has a 52 week low of $10.10 and a 52 week high of $22.89.

Extreme Networks (NASDAQ:EXTR) last released its earnings results on Wednesday, January 28th. The technology company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The company had revenue of $317.93 million during 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 company’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.21 EPS. 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. Research analysts expect that Extreme Networks, Inc. will post 0.31 EPS for the current fiscal year.

Insider Activity

In related news, CEO Edward Meyercord sold 50,000 shares of the 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 sale, the chief executive officer directly owned 1,871,418 shares in the company, valued at approximately $27,902,842.38. 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.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on EXTR. Rosenblatt Securities restated a “buy” rating and set a $25.00 price target on shares of Extreme Networks in a report on Thursday, January 29th. Wall Street Zen raised shares of Extreme Networks from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 28th. Bank of America began coverage on shares of Extreme Networks in a research report on Wednesday, November 19th. They set a “buy” rating and a $24.00 price objective on the stock. Weiss Ratings downgraded shares of Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, February 17th. Finally, Needham & Company LLC reduced their target price on Extreme Networks from $24.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, January 29th. Six investment 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’s stock. Based on data from MarketBeat.com, Extreme Networks currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.67.

Extreme Networks 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.