Extreme Networks, Inc. $EXTR Stock Holdings Lessened by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL lessened its stake in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 67.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 67,212 shares of the technology company’s stock after selling 137,310 shares during the period. Tudor Investment Corp ET AL owned about 0.05% of Extreme Networks worth $1,388,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of EXTR. Salomon & Ludwin LLC acquired a new stake in shares of Extreme Networks during the third quarter worth $27,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Extreme Networks in the 3rd quarter valued at $31,000. CWM LLC boosted its position in shares of Extreme Networks by 44.8% in the 3rd quarter. CWM LLC now owns 2,095 shares of the technology company’s stock valued at $43,000 after purchasing an additional 648 shares during the period. Farther Finance Advisors LLC increased its stake in Extreme Networks by 85.4% in the 3rd 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 in the last quarter. Finally, Quarry LP raised its holdings in Extreme Networks by 74.9% during the 3rd quarter. Quarry LP now owns 2,610 shares of the technology company’s stock worth $54,000 after buying an additional 1,118 shares during the period. 91.05% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Extreme Networks 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 owned 1,871,418 shares in the company, valued at $27,902,842.38. This represents a 2.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.60% of the company’s stock.

Extreme Networks Stock Performance

Shares of NASDAQ EXTR opened at $15.26 on Monday. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 1.61. Extreme Networks, Inc. has a one year low of $10.10 and a one year high of $22.89. The business has a 50-day moving average price of $14.67 and a two-hundred day moving average price of $17.20. The firm has a market capitalization of $2.05 billion, a PE ratio of 218.03, a PEG ratio of 1.64 and a beta of 1.67.

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

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. UBS Group reaffirmed a “neutral” rating and set a $17.00 price objective on shares of Extreme Networks in a research note on Thursday, January 29th. Weiss Ratings lowered shares of Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 17th. Needham & Company LLC reduced their price target on shares of Extreme Networks from $24.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, January 29th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Extreme Networks in a research note on Thursday, January 29th. Finally, Wall Street Zen upgraded shares of Extreme Networks from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 28th. Six analysts have rated the stock with a Buy rating, one has given 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 an average price target 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.