Extreme Networks, Inc. (NASDAQ:EXTR – Get Free Report) CFO Kevin Rhodes sold 21,825 shares of the business’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $22.30, for a total value of $486,697.50. Following the completion of the transaction, the chief financial officer owned 196,803 shares of the company’s stock, valued at $4,388,706.90. This represents a 9.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Extreme Networks Trading Up 3.1%
Shares of NASDAQ:EXTR opened at $23.02 on Friday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.93 and a quick ratio of 0.81. Extreme Networks, Inc. has a 1 year low of $13.48 and a 1 year high of $33.73. The company has a market cap of $3.00 billion, a P/E ratio of 74.26, a PEG ratio of 1.52 and a beta of 1.79. The stock’s fifty day moving average price is $29.14 and its 200-day moving average price is $22.48.
Extreme Networks (NASDAQ:EXTR – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.29 by $0.03. Extreme Networks had a return on equity of 88.88% and a net margin of 3.28%.The company had revenue of $338.55 million during the quarter, compared to the consensus estimate of $332.49 million. During the same period last year, the company earned $0.25 EPS. Extreme Networks’s revenue for the quarter was up 10.3% on a year-over-year basis. Extreme Networks has set its FY 2027 guidance at 1.280-1.330 EPS and its Q1 2027 guidance at 0.270-0.290 EPS. Sell-side analysts expect that Extreme Networks, Inc. will post 0.75 earnings per share for the current year.
Hedge Funds Weigh In On Extreme Networks
Analysts Set New Price Targets
A number of brokerages have recently commented on EXTR. Weiss Ratings lowered shares of Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, August 17th. Oppenheimer restated an “outperform” rating on shares of Extreme Networks in a research report on Thursday, August 6th. B. Riley Financial raised their target price on shares of Extreme Networks from $28.00 to $34.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Rosenblatt Securities cut their target price on shares of Extreme Networks from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Finally, Craig Hallum reiterated a “buy” rating and set a $31.00 target price on shares of Extreme Networks in a research note on Thursday, August 6th. Seven 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 data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $32.25.
View Our Latest Research Report on EXTR
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.
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