Kathleen Holmgren Sells 19,521 Shares of Extreme Networks (NASDAQ:EXTR) Stock

Extreme Networks, Inc. (NASDAQ:EXTR) Director Kathleen Holmgren sold 19,521 shares of Extreme Networks stock in a transaction on Friday, May 15th. The shares were sold at an average price of $24.78, for a total value of $483,730.38. Following the completion of the sale, the director directly owned 219,308 shares of the company’s stock, valued at approximately $5,434,452.24. This represents a 8.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Extreme Networks Price Performance

Shares of NASDAQ:EXTR opened at $23.54 on Wednesday. The company has a market cap of $3.08 billion, a P/E ratio of 196.17, a P/E/G ratio of 2.28 and a beta of 1.77. The company has a quick ratio of 0.78, a current ratio of 0.91 and a debt-to-equity ratio of 1.89. Extreme Networks, Inc. has a 52 week low of $13.48 and a 52 week high of $25.13. The business has a fifty day simple moving average of $17.97 and a 200-day simple moving average of $16.80.

Extreme Networks (NASDAQ:EXTR) last announced its quarterly earnings data on Wednesday, April 29th. 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 $316.87 million during the quarter, compared to the consensus estimate of $311.48 million. Extreme Networks had a return on equity of 81.88% and a net margin of 1.30%.The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 earnings per share. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. Equities research analysts forecast that Extreme Networks, Inc. will post 0.53 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EXTR. Wall Street Zen downgraded Extreme Networks from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Extreme Networks in a research report on Thursday, January 29th. UBS Group set a $28.00 price objective on Extreme Networks in a research report on Thursday, April 30th. B. Riley Financial reaffirmed a “buy” rating on shares of Extreme Networks in a research report on Thursday, April 30th. Finally, Needham & Company LLC boosted their price target on Extreme Networks from $21.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Six equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Extreme Networks currently has a consensus rating of “Moderate Buy” and an average target price of $25.50.

Institutional Investors Weigh In On Extreme Networks

Several institutional investors and hedge funds have recently modified their holdings of EXTR. Alyeska Investment Group L.P. boosted its position in shares of Extreme Networks by 301.9% in 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 purchased a new stake in shares of Extreme Networks in the fourth quarter worth about $17,361,000. SEB Asset Management AB purchased a new stake in shares of Extreme Networks in the first quarter worth about $12,192,000. Millennium Management LLC lifted its stake in shares of Extreme Networks by 163.0% in the first quarter. Millennium Management LLC now owns 1,260,362 shares of the technology company’s stock worth $16,675,000 after acquiring an additional 781,103 shares in the last quarter. Finally, Southernsun Asset Management LLC lifted its stake in shares of Extreme Networks by 46.9% in the fourth quarter. Southernsun Asset Management LLC now owns 1,970,886 shares of the technology company’s stock worth $32,815,000 after acquiring an additional 629,486 shares in the last quarter. Hedge funds and other institutional investors own 91.05% 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.