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

Extreme Networks, Inc. (NASDAQ:EXTR) 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 transaction, the chief executive officer owned 1,871,418 shares in the company, valued at approximately $27,902,842.38. This trade represents a 2.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, January 2nd, Edward Meyercord sold 50,000 shares of Extreme Networks stock. The stock was sold at an average price of $16.54, for a total transaction of $827,000.00.
• On Friday, November 28th, Edward Meyercord sold 50,000 shares of Extreme Networks stock. The stock was sold at an average price of $17.46, for a total transaction of $873,000.00.

Extreme Networks Price Performance

NASDAQ EXTR opened at $15.00 on Thursday. Extreme Networks, Inc. has a fifty-two week low of $10.10 and a fifty-two week high of $22.89. The stock’s 50-day moving average is $16.35 and its two-hundred day moving average is $18.60. The firm has a market cap of $2.01 billion, a P/E ratio of 214.32, a price-to-earnings-growth ratio of 1.60 and a beta of 1.68. 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 (NASDAQ:EXTR) last issued its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. The business had revenue of $317.93 million for the quarter, compared to analyst estimates of $312.33 million. Extreme Networks had a return on equity of 75.56% and a net margin of 0.75%.The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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. On average, analysts anticipate that Extreme Networks, Inc. will post 0.31 earnings per share for the current fiscal year.

Institutional Trading of Extreme Networks

Several institutional investors have recently modified their holdings of EXTR. Salomon & Ludwin LLC acquired a new position in shares of Extreme Networks in the third quarter valued at $27,000. Caitong International Asset Management Co. Ltd bought a new stake in Extreme Networks in the 3rd quarter valued at $31,000. CWM LLC raised its stake 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 buying an additional 648 shares in the last quarter. Farther Finance Advisors LLC lifted 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. Finally, Quarry LP lifted its holdings in shares of 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 acquiring an additional 1,118 shares during the period. Institutional investors and hedge funds own 91.05% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on EXTR. B. Riley restated a “buy” rating on shares of Extreme Networks in a report on Thursday, October 30th. Bank of America began coverage on Extreme Networks in a research note on Wednesday, November 19th. They set a “buy” rating and a $24.00 target price for the company. UBS Group reaffirmed a “neutral” rating and issued a $17.00 price target on shares of Extreme Networks in a research report on Thursday, January 29th. Rosenblatt Securities reiterated a “buy” rating and set a $25.00 price target on shares of Extreme Networks in a report on Thursday, January 29th. Finally, Needham & Company LLC lowered their price objective on shares of Extreme Networks from $24.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, January 29th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Extreme Networks currently has a consensus rating of “Moderate Buy” and a consensus 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.