Federated Hermes Inc. Reduces Position in Extreme Networks, Inc. $EXTR

Federated Hermes Inc. decreased its holdings in Extreme Networks, Inc. (NASDAQ:EXTR) by 29.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 670,602 shares of the technology company’s stock after selling 285,437 shares during the quarter. Federated Hermes Inc.’s holdings in Extreme Networks were worth $13,848,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of EXTR. Y Intercept Hong Kong Ltd increased its holdings in Extreme Networks by 10.8% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 80,214 shares of the technology company’s stock worth $1,656,000 after purchasing an additional 7,792 shares during the last quarter. Dash Acquisitions Inc. grew its position in shares of Extreme Networks by 11.0% during the third quarter. Dash Acquisitions Inc. now owns 26,054 shares of the technology company’s stock worth $538,000 after buying an additional 2,592 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in Extreme Networks by 40.9% in the third quarter. Teacher Retirement System of Texas now owns 48,450 shares of the technology company’s stock valued at $1,000,000 after acquiring an additional 14,065 shares in the last quarter. Strs Ohio boosted its stake in Extreme Networks by 176.0% during the 3rd quarter. Strs Ohio now owns 47,200 shares of the technology company’s stock valued at $975,000 after acquiring an additional 30,100 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in Extreme Networks by 71.2% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 27,225 shares of the technology company’s stock valued at $562,000 after acquiring an additional 11,325 shares during the last quarter. Institutional investors and hedge funds own 91.05% of the company’s stock.

Extreme Networks Price Performance

Shares of EXTR opened at $14.58 on Friday. Extreme Networks, Inc. has a 12 month low of $10.10 and a 12 month high of $22.89. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.95 and a quick ratio of 0.75. 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 market cap of $1.95 billion, a P/E ratio of 208.32, a PEG ratio of 1.59 and a beta of 1.64.

Extreme Networks (NASDAQ:EXTR) last announced its quarterly earnings results on Wednesday, January 28th. The technology company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02. Extreme Networks had a net margin of 0.75% and a return on equity of 75.56%. The company had revenue of $317.93 million during the quarter, compared to the consensus estimate of $312.33 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. 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, research analysts forecast that Extreme Networks, Inc. will post 0.31 earnings per share for the current year.

Insider Activity at Extreme Networks

In other news, CEO Edward Meyercord sold 50,000 shares of Extreme Networks stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $16.54, for a total transaction of $827,000.00. Following the sale, the chief executive officer 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 filing with the SEC, which is accessible through the SEC website. Insiders own 3.60% of the company’s stock.

Key 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

A number of equities research analysts have recently issued reports on EXTR shares. Bank of America assumed coverage on shares of Extreme Networks in a research note on Wednesday, November 19th. They issued a “buy” rating and a $24.00 target price on the stock. Oppenheimer upgraded Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 price objective on the stock in a research note on Thursday, October 30th. UBS Group reaffirmed a “neutral” rating and set a $17.00 target price on shares of Extreme Networks in a report on Thursday. B. Riley reiterated a “buy” rating on shares of Extreme Networks in a report on Thursday, October 30th. Finally, Rosenblatt Securities restated a “buy” rating and set a $25.00 price objective on shares of Extreme Networks in a research note on Thursday. Six investment 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus 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.