Extreme Networks (NASDAQ:EXTR) CEO Edward Meyercord Sells 50,000 Shares

Extreme Networks, Inc. (NASDAQ:EXTR) CEO Edward Meyercord sold 50,000 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $15.30, for a total transaction of $765,000.00. Following the sale, the chief executive officer owned 1,897,270 shares of the company’s stock, valued at approximately $29,028,231. The trade was a 2.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, February 2nd, Edward Meyercord sold 50,000 shares of Extreme Networks stock. The stock was sold at an average price of $14.91, for a total value of $745,500.00.
• 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.

Extreme Networks Trading Up 1.1%

Shares of EXTR stock opened at $15.36 on Friday. The business has a 50-day moving average of $14.66 and a 200 day moving average of $17.07. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.95 and a quick ratio of 0.80. Extreme Networks, Inc. has a 1-year low of $10.10 and a 1-year high of $22.89. The stock has a market capitalization of $2.06 billion, a PE ratio of 219.46, a P/E/G ratio of 1.64 and a beta of 1.62.

Extreme Networks (NASDAQ:EXTR) last announced its quarterly earnings results on Wednesday, January 28th. The technology company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. Extreme Networks had a return on equity of 75.56% and a net margin of 0.75%.The business had revenue of $317.93 million for the quarter, compared to analysts’ expectations of $312.33 million. During the same period in the previous year, the firm earned $0.21 EPS. The business’s quarterly revenue was up 13.8% on a year-over-year basis. 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, sell-side analysts anticipate that Extreme Networks, Inc. will post 0.31 earnings per share for the current year.

Institutional Investors Weigh In On Extreme Networks

Several institutional investors and hedge funds have recently modified their holdings of EXTR. Salomon & Ludwin LLC purchased a new position in shares of Extreme Networks during the third quarter valued at about $27,000. Caitong International Asset Management Co. Ltd purchased a new stake in Extreme Networks in the third quarter worth about $31,000. Rockefeller Capital Management L.P. boosted its position in Extreme Networks by 313.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,957 shares of the technology company’s stock valued at $33,000 after acquiring an additional 1,484 shares in the last quarter. CWM LLC boosted its position in Extreme Networks by 44.8% during the 3rd quarter. CWM LLC now owns 2,095 shares of the technology company’s stock valued at $43,000 after acquiring an additional 648 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Extreme Networks by 85.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,201 shares of the technology company’s stock worth $45,000 after acquiring an additional 1,014 shares during the period. 91.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on EXTR. Needham & Company LLC dropped 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 set a $25.00 price objective on shares of Extreme Networks in a research note on Thursday, January 29th. UBS Group reiterated a “neutral” rating and set a $17.00 target price on shares of Extreme Networks in a report on Thursday, January 29th. Weiss Ratings cut Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, February 17th. Finally, Wall Street Zen upgraded Extreme Networks from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 28th. Six 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’s stock. According to data from MarketBeat.com, Extreme Networks 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.