Extreme Networks (NASDAQ:EXTR) Director Sells $483,730.38 in Stock

Extreme Networks, Inc. (NASDAQ:EXTR) Director Kathleen Holmgren sold 19,521 shares of Extreme Networks stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $24.78, for a total transaction of $483,730.38. Following the sale, the director owned 219,308 shares in the company, valued at approximately $5,434,452.24. This represents a 8.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Extreme Networks Price Performance

Shares of Extreme Networks stock opened at $23.48 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.78 and a debt-to-equity ratio of 1.89. The company’s 50-day moving average price is $18.16 and its two-hundred day moving average price is $16.83. Extreme Networks, Inc. has a 52 week low of $13.48 and a 52 week high of $25.13. The stock has a market cap of $3.07 billion, a PE ratio of 195.67, a price-to-earnings-growth ratio of 2.22 and a beta of 1.77.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.24 by $0.02. Extreme Networks had a net margin of 1.30% and a return on equity of 81.88%. The firm had revenue of $316.87 million for the quarter, compared to analysts’ expectations of $311.48 million. During the same period in the previous year, the business earned $0.21 earnings per share. Extreme Networks’s revenue for the quarter was up 11.4% compared to the same quarter last year. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. As a group, sell-side analysts anticipate that Extreme Networks, Inc. will post 0.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on EXTR. B. Riley Financial reiterated a “buy” rating on shares of Extreme Networks in a research report on Thursday, April 30th. Rosenblatt Securities reiterated a “buy” rating and issued a $25.00 price target on shares of Extreme Networks in a research report on Thursday, January 29th. 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. Needham & Company LLC boosted their price target on shares of Extreme Networks from $21.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Wall Street Zen cut shares of Extreme Networks from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $25.50.

Hedge Funds Weigh In On Extreme Networks

A number of institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its stake in Extreme Networks by 73.5% in the 1st quarter. Bank of America Corp DE now owns 757,072 shares of the technology company’s stock worth $11,417,000 after purchasing an additional 320,743 shares in the last quarter. Amundi increased its stake in Extreme Networks by 21.4% in the 1st quarter. Amundi now owns 376,970 shares of the technology company’s stock worth $5,685,000 after purchasing an additional 66,400 shares in the last quarter. California State Teachers Retirement System increased its stake in Extreme Networks by 27.1% in the 1st quarter. California State Teachers Retirement System now owns 162,500 shares of the technology company’s stock worth $2,450,000 after purchasing an additional 34,696 shares in the last quarter. Polar Asset Management Partners Inc. purchased a new position in Extreme Networks in the 1st quarter worth about $6,961,000. Finally, Entropy Technologies LP increased its stake in Extreme Networks by 9.4% in the 1st quarter. Entropy Technologies LP now owns 31,749 shares of the technology company’s stock worth $479,000 after purchasing an additional 2,730 shares in the last quarter. Hedge funds and other 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.