Extreme Networks (NASDAQ:EXTR) Director Sells $232,000.00 in Stock

Extreme Networks, Inc. (NASDAQ:EXTR) Director Raj Khanna sold 10,000 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $23.20, for a total value of $232,000.00. Following the completion of the transaction, the director directly owned 210,062 shares in the company, valued at $4,873,438.40. The trade was a 4.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 Friday, May 1st, Raj Khanna sold 6,796 shares of Extreme Networks stock. The shares were sold at an average price of $22.20, for a total value of $150,871.20.
• 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 transaction of $71,128.80.

Extreme Networks Trading Up 2.2%

Shares of NASDAQ EXTR opened at $24.04 on Friday. The company’s fifty day moving average is $16.42 and its 200-day moving average is $16.60. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 200.33, a P/E/G ratio of 2.22 and a beta of 1.77. Extreme Networks, Inc. has a twelve month low of $13.48 and a twelve month high of $24.21. 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 (NASDAQ:EXTR) last announced its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The company had revenue of $316.87 million for the quarter, compared to analysts’ expectations of $311.48 million. Extreme Networks had a net margin of 1.30% and a return on equity of 81.88%. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period last year, the firm posted $0.21 earnings per share. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. Equities research analysts predict that Extreme Networks, Inc. will post 0.53 EPS for the current year.

Institutional Investors Weigh In On Extreme Networks

Large investors have recently made changes to their positions in the stock. Alyeska Investment Group L.P. raised its position in Extreme Networks by 301.9% in the 4th quarter. Alyeska Investment Group L.P. now owns 2,971,718 shares of the technology company’s stock valued at $49,479,000 after buying an additional 2,232,373 shares during the last quarter. Jain Global LLC acquired a new stake in Extreme Networks in the 4th quarter valued at approximately $17,361,000. SEB Asset Management AB acquired a new stake in Extreme Networks in the 1st quarter valued at approximately $12,192,000. Millennium Management LLC raised 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 buying an additional 781,103 shares during the last quarter. Finally, Southernsun Asset Management LLC raised 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 buying an additional 629,486 shares during the last quarter. Institutional investors own 91.05% of the company’s stock.

Analyst Ratings Changes

EXTR has been the topic of a number of research analyst reports. Weiss Ratings raised Extreme Networks from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 1st. B. Riley Financial reaffirmed a “buy” rating on shares of Extreme Networks in a research report on Thursday, April 30th. Lake Street Capital reaffirmed a “buy” rating and set a $25.00 price target on shares of Extreme Networks in a research report on Thursday, April 30th. Rosenblatt Securities reaffirmed a “buy” rating and set a $25.00 price target on shares of Extreme Networks in a research report on Thursday, January 29th. Finally, Needham & Company LLC raised their price target on Extreme Networks from $21.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.