Raj Khanna Sells 6,796 Shares of Extreme Networks (NASDAQ:EXTR) Stock

Extreme Networks, Inc. (NASDAQ:EXTR) Director Raj Khanna sold 6,796 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $22.20, for a total value of $150,871.20. Following the completion of the transaction, the director directly owned 220,062 shares in the company, valued at approximately $4,885,376.40. This trade represents a 3.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Raj Khanna also recently made the following trade(s):

• On Thursday, April 30th, Raj Khanna sold 3,204 shares of Extreme Networks stock. The stock was sold at an average price of $22.20, for a total value of $71,128.80.

Extreme Networks Trading Up 3.8%

NASDAQ EXTR opened at $23.71 on Wednesday. The stock has a 50-day simple moving average of $16.03 and a 200 day simple moving average of $16.56. The company has a market capitalization of $3.10 billion, a PE ratio of 197.58, a P/E/G ratio of 2.16 and a beta of 1.77. The company has a current ratio of 0.91, a quick ratio of 0.78 and a debt-to-equity ratio of 1.89. Extreme Networks, Inc. has a 12 month low of $13.48 and a 12 month high of $23.77.

Extreme Networks (NASDAQ:EXTR) last released its earnings results on Wednesday, April 29th. The technology company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. The firm had revenue of $316.87 million for the quarter, compared to analyst estimates of $311.48 million. Extreme Networks had a return on equity of 81.88% and a net margin of 1.30%.The company’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.21 earnings per share. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. Research analysts forecast that Extreme Networks, Inc. will post 0.53 EPS for the current year.

More Extreme Networks News

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

• Positive Sentiment: Extreme announced major enhancements to its Extreme Platform ONE management stack — positioning the company to capture more enterprise cloud‑native network management spend through tighter automation and analytics integration. Extreme Solidifies Networking Leadership with Major Enhancements to Extreme Platform ONE
• Positive Sentiment: Extreme introduced “Extreme Agent ONE,” an autonomous AI agent for faster issue detection and remediation across wired/wireless environments — a product that could increase software/recurring revenue and differentiation against incumbents. Introducing Extreme Agent ONE: A Smarter, Faster, Autonomous Approach to Enterprise Networking
• Positive Sentiment: Coverage highlights AI agent capabilities plus Wi‑Fi 7 updates (capacity/latency improvements) — these product moves target high‑growth networks for enterprises and service providers, supporting upside to hardware + software revenue mix. Extreme Networks takes aim with AI agent and Wi-Fi 7 updates
• Positive Sentiment: Industry press reports the company is moving toward autonomous networking with advanced AI agent and management tools — narrative supports higher margin, recurring software perception among investors. Extreme moves toward autonomous networking with advanced AI agent, management tools
• Neutral Sentiment: CEO Edward Meyercord sold 50,000 shares under a pre‑arranged Rule 10b5‑1 plan (filed May 1) — a sizable monetization but executed under a trading plan, which is typically viewed as neutral rather than an insider red flag. CEO Meyercord SEC Filing
• Neutral Sentiment: Director Raj Khanna reported smaller sales (3,204 and 6,796 shares) also executed under a 10b5‑1 plan — routine insider selling that slightly increases float but appears planned. Raj Khanna SEC Filing
• Negative Sentiment: A law‑firm press release is soliciting shareholders about potential insider fiduciary breaches — a solicitation that could presage litigation or class‑action risk if pursued, creating governance/legal overhang. Did Extreme Networks, Inc. Insiders Breach their Fiduciary Duties?

Institutional Trading of Extreme Networks

A number of hedge funds and other institutional investors have recently made changes to their positions in EXTR. CWM LLC lifted its position in shares of Extreme Networks by 44.8% in the third quarter. CWM LLC now owns 2,095 shares of the technology company’s stock worth $43,000 after purchasing an additional 648 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Extreme Networks by 3.1% in the third quarter. Envestnet Asset Management Inc. now owns 22,783 shares of the technology company’s stock valued at $470,000 after purchasing an additional 683 shares in the last quarter. Arizona State Retirement System grew its position in Extreme Networks by 1.8% in the third quarter. Arizona State Retirement System now owns 39,405 shares of the technology company’s stock valued at $814,000 after purchasing an additional 685 shares in the last quarter. ProShare Advisors LLC increased its stake in Extreme Networks by 3.0% in the 4th quarter. ProShare Advisors LLC now owns 25,609 shares of the technology company’s stock valued at $426,000 after buying an additional 735 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in Extreme Networks by 3.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 30,633 shares of the technology company’s stock valued at $510,000 after buying an additional 900 shares during the last quarter. 91.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EXTR has been the subject of a number of analyst reports. B. Riley Financial restated a “buy” rating on shares of Extreme Networks in a report on Thursday, April 30th. Weiss Ratings upgraded shares of Extreme Networks from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday. Lake Street Capital reissued a “buy” rating and set a $25.00 price target on shares of Extreme Networks in a research report on Thursday, April 30th. Wall Street Zen raised shares of Extreme Networks from a “buy” rating to a “strong-buy” rating in a report on Sunday. Finally, Rosenblatt Securities restated a “buy” rating and issued a $25.00 price objective on shares of Extreme Networks in a research report on Thursday, January 29th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $25.50.

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.