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 stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $15.30, for a total transaction of $765,000.00. Following the transaction, the chief executive officer directly owned 1,897,270 shares in the company, valued at $29,028,231. The trade was a 2.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 Stock Performance

Shares of EXTR stock traded up $0.16 on Thursday, hitting $15.36. 1,035,414 shares of the stock traded hands, compared to its average volume of 1,650,624. The company’s fifty day moving average is $14.66 and its 200 day moving average is $17.08. Extreme Networks, Inc. has a 1-year low of $10.10 and a 1-year high of $22.89. The company has a market capitalization of $2.06 billion, a PE ratio of 219.46, a PEG ratio of 1.62 and a beta of 1.62. 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 released its quarterly earnings data 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 net margin of 0.75% and a return on equity of 75.56%. The firm 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 firm’s 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. On average, equities research 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 equities analysts have issued reports on EXTR shares. UBS Group reissued a “neutral” rating and issued 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 report on Tuesday, February 17th. Rosenblatt Securities reissued a “buy” rating and issued a $25.00 price target on shares of Extreme Networks in a report on Thursday, January 29th. Wall Street Zen upgraded Extreme Networks from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 28th. Finally, Needham & Company LLC lowered their price objective on Extreme Networks from $24.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, January 29th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $22.67.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its stake in shares of Extreme Networks by 3,302.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,460,851 shares of the technology company’s stock valued at $44,172,000 after purchasing an additional 2,388,527 shares during the period. Alyeska Investment Group L.P. boosted its position in shares of Extreme Networks by 301.9% during the fourth quarter. Alyeska Investment Group L.P. now owns 2,971,718 shares of the technology company’s stock worth $49,479,000 after buying an additional 2,232,373 shares during the period. Jain Global LLC bought a new position in Extreme Networks in the 4th quarter worth approximately $17,361,000. Millennium Management LLC increased its position in Extreme Networks by 163.0% in the 1st quarter. Millennium Management LLC now owns 1,260,362 shares of the technology company’s stock valued at $16,675,000 after acquiring an additional 781,103 shares during the period. Finally, Southernsun Asset Management LLC increased its position in Extreme Networks by 46.9% in the 4th quarter. Southernsun Asset Management LLC now owns 1,970,886 shares of the technology company’s stock valued at $32,815,000 after acquiring an additional 629,486 shares during the period. 91.05% of the stock is owned by institutional investors and hedge funds.

About Extreme Networks

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.