Extreme Networks (NASDAQ:EXTR) CFO Kevin Rhodes Sells 35,000 Shares of Stock

Extreme Networks, Inc. (NASDAQ:EXTR) CFO Kevin Rhodes sold 35,000 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $30.43, for a total transaction of $1,065,050.00. Following the completion of the transaction, the chief financial officer directly owned 151,296 shares in the company, valued at $4,603,937.28. This represents a 18.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Extreme Networks Trading Up 0.1%

Shares of Extreme Networks stock opened at $31.11 on Friday. The firm has a market capitalization of $4.07 billion, a PE ratio of 259.25, a P/E/G ratio of 2.93 and a beta of 1.81. Extreme Networks, Inc. has a twelve month low of $13.48 and a twelve month high of $31.57. The firm’s 50-day moving average price is $22.58 and its 200 day moving average price is $18.06. 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 (NASDAQ:EXTR) last issued its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 1.30% and a return on equity of 81.88%. Extreme Networks’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period last year, the company posted $0.21 EPS. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. On average, sell-side analysts predict that Extreme Networks, Inc. will post 0.53 EPS for the current fiscal year.

Institutional Trading of Extreme Networks

Several institutional investors have recently added to or reduced their stakes in EXTR. Caitong International Asset Management Co. Ltd acquired a new stake in Extreme Networks in the 3rd quarter valued at approximately $31,000. Rockefeller Capital Management L.P. boosted its position in Extreme Networks by 313.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,957 shares of the technology company’s stock valued at $33,000 after buying an additional 1,484 shares during the period. CWM LLC boosted its position in Extreme Networks by 51.7% in the 4th quarter. CWM LLC now owns 3,179 shares of the technology company’s stock valued at $53,000 after buying an additional 1,084 shares during the period. Quarry LP boosted its position in Extreme Networks by 74.9% in the 3rd quarter. Quarry LP now owns 2,610 shares of the technology company’s stock valued at $54,000 after buying an additional 1,118 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in Extreme Networks by 136.8% in the 4th quarter. Advisors Asset Management Inc. now owns 3,221 shares of the technology company’s stock valued at $54,000 after buying an additional 1,861 shares during the period. Institutional investors and hedge funds own 91.05% of the company’s stock.

Analyst Upgrades and Downgrades

EXTR has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Extreme Networks from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 24th. UBS Group set a $28.00 price target on shares of Extreme Networks in a report on Thursday, April 30th. Bank of America raised their price target on shares of Extreme Networks from $28.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Needham & Company LLC raised their price target on shares of Extreme Networks from $21.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, B. Riley Financial restated a “buy” rating on shares of Extreme Networks in a report on Thursday, April 30th. Six 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $29.33.

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.