Extreme Networks, Inc. $EXTR Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. reduced its position in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 29.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 670,602 shares of the technology company’s stock after selling 285,437 shares during the period. Federated Hermes Inc. owned 0.50% of Extreme Networks worth $13,848,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership boosted its position 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 worth $44,172,000 after acquiring an additional 2,388,527 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Extreme Networks by 163.0% during the first quarter. Millennium Management LLC now owns 1,260,362 shares of the technology company’s stock worth $16,675,000 after purchasing an additional 781,103 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Extreme Networks in the second quarter valued at $11,265,000. American Century Companies Inc. increased its stake in Extreme Networks by 21.7% in the second quarter. American Century Companies Inc. now owns 3,494,851 shares of the technology company’s stock valued at $62,733,000 after purchasing an additional 622,953 shares during the last quarter. Finally, Penserra Capital Management LLC purchased a new position in Extreme Networks during the second quarter worth about $10,417,000. Institutional investors and hedge funds own 91.05% of the company’s stock.

Extreme Networks Stock Up 1.5%

Shares of NASDAQ EXTR opened at $14.58 on Friday. The stock has a fifty day moving average price of $16.50 and a 200 day moving average price of $18.65. The company has a current ratio of 0.95, a quick ratio of 0.75 and a debt-to-equity ratio of 1.61. Extreme Networks, Inc. has a 12-month low of $10.10 and a 12-month high of $22.89. The company has a market cap of $1.95 billion, a P/E ratio of 208.32, a P/E/G ratio of 1.59 and a beta of 1.64.

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, topping the consensus estimate 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 return on equity of 75.56% and a net margin of 0.75%.The company’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the business 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. Research analysts anticipate that Extreme Networks, Inc. will post 0.31 EPS for the current fiscal year.

More Extreme Networks News

Here are the key news stories impacting Extreme Networks this week:

• Positive Sentiment: Q2 FY2026 results beat expectations — EXTR topped revenue and EPS estimates and reported its seventh consecutive quarter of growth, supporting the market’s positive reaction to the quarter. Extreme Networks (EXTR) Reports Fiscal Q2 2026 Results, Here’s What You Need to Know
• Positive Sentiment: Shares gapped up after the earnings beat — short‑term price action shows investor enthusiasm for the stronger-than-expected quarter. Extreme Networks (NASDAQ:EXTR) Shares Gap Up After Better-Than-Expected Earnings
• Positive Sentiment: Company projects ~11% revenue growth for fiscal 2026 and highlights progress on an AI-driven networking platform and market-share gains — revenue guide and AI strategy bolster medium‑term growth expectations. Extreme Networks projects 11% revenue growth for fiscal 2026 while advancing AI-driven platform and market share gains
• Positive Sentiment: Analyst support: Rosenblatt reaffirmed a “buy” rating with a $25 price target, signaling upside from current levels and adding to bullish sentiment. Benzinga coverage of analyst action
• Neutral Sentiment: Investor events scheduled in Feb–Mar 2026 — management will be presenting to investors, which could provide more color on execution and the AI roadmap but is informational rather than immediately value‑moving. Extreme Networks Announces Investor Conferences for February and March 2026
• Negative Sentiment: Needham trimmed its price target from $24 to $21 (but kept a “buy” rating) — the cut dampens some upside expectations and suggests less bullishness on valuation despite positive operational news. Benzinga coverage of analyst action

Analysts Set New Price Targets

EXTR has been the subject of several recent analyst reports. Bank of America initiated coverage on Extreme Networks in a report on Wednesday, November 19th. They issued a “buy” rating and a $24.00 price target for the company. Wall Street Zen upgraded shares of Extreme Networks from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 25th. UBS Group reaffirmed a “neutral” rating and set a $17.00 price target on shares of Extreme Networks in a research note on Thursday. Rosenblatt Securities reissued a “buy” rating and set a $25.00 price objective on shares of Extreme Networks in a research note on Thursday. Finally, Oppenheimer upgraded Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 price objective for the company in a report on Thursday, October 30th. Six 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $22.67.

Insider Activity at Extreme Networks

In other news, CEO Edward Meyercord sold 50,000 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $16.54, for a total transaction of $827,000.00. Following the transaction, the chief executive officer directly owned 1,871,418 shares of the company’s stock, valued at approximately $30,953,253.72. The trade was a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.60% of the company’s stock.

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.