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

Key Points

• Director Raj Khanna sold 10,000 shares on May 5 at $23.20 for $232,000 under a pre-arranged Rule 10b5-1 plan, cutting his stake to 210,062 shares (a 4.54% decrease); he and the CEO also executed additional insider sales in late April/early May.
• Extreme beat the quarter with $0.26 EPS (vs. $0.24 expected) and $316.9M revenue (+11.4% YoY), set Q4 FY26 EPS guidance of $0.28–0.30, and drew analyst upgrades to a consensus "Moderate Buy" with an average target of $25.50.
• The company unveiled Agent ONE (agentic AI) and Platform ONE enhancements and completed a marquee Wi‑Fi 7 stadium deployment, driving a sharp intraday rally and bolstering prospects for stronger ARR and faster customer deployments.

Extreme Networks, Inc. (NASDAQ:EXTR - Get Free Report) Director Raj Khanna sold 10,000 shares of Extreme Networks stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $23.20, for a total transaction of $232,000.00. Following the transaction, the director owned 210,062 shares in the company, valued at approximately $4,873,438.40. The trade was a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 stock was sold at an average price of $22.20, for a total transaction 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 Down 0.7%

NASDAQ EXTR traded down $0.17 on Wednesday, hitting $23.54. 2,872,929 shares of the stock were exchanged, compared to its average volume of 2,039,952. The company's 50-day moving average price is $16.23 and its two-hundred day moving average price is $16.58. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 196.17, a P/E/G ratio of 2.16 and a beta of 1.77. Extreme Networks, Inc. has a 52-week low of $13.48 and a 52-week high of $23.88. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.91 and a quick ratio of 0.78.

Extreme Networks (NASDAQ:EXTR - Get Free Report) last issued its earnings results on Wednesday, April 29th. The technology company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. The company had revenue of $316.87 million during 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%. The company's revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the business posted $0.21 EPS. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. Research analysts predict that Extreme Networks, Inc. will post 0.53 EPS for the current year.

Key Extreme Networks News

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

• Positive Sentiment: Company unveiled Agent ONE (agentic AI) and major Platform ONE enhancements positioning Extreme as a leader in autonomous networking; coverage highlights potential for faster customer deployments, simplified operations and stronger ARR growth. Agent ONE takes forward network AI
• Positive Sentiment: Multiple tech outlets report the Agent ONE announcements and Platform ONE upgrades — analysts and media framed these as a strategic product leap that helped drive a sharp intraday rally (~reported +39%). This can support higher revenue visibility and multiple expansion if adoption follows. SiliconANGLE coverage
• Positive Sentiment: Extreme announced and enabled the first-ever Wi‑Fi 7 deployment in a college stadium (University of Florida’s “The Swamp”), a marquee commercial reference that can accelerate stadium, venue and large‑campus sales. Wi‑Fi 7 stadium deployment
• Positive Sentiment: Recent quarter: EXTR beat revenue and EPS expectations and set Q4 FY26 EPS guidance (0.28–0.30) while revenue grew ~11% YoY — analysts have raised targets and ratings (Needham, B. Riley, Lake Street), which supports a constructive consensus. Yahoo Finance summary
• Neutral Sentiment: Insider sales: CEO Edward Meyercord sold 50,000 shares and director Raj Khanna sold multiple tranches (transactions executed under Rule 10b5‑1 plans). While headline‑negative, disclosures note pre‑arranged plans that often limit interpretive impact. SEC filing
• Negative Sentiment: Shareholder litigation inquiry (PR Newswire) alleging possible fiduciary breaches by insiders — even if preliminary, legal scrutiny can create downside risk, distraction and potential litigation costs. PR Newswire litigation alert

Institutional Investors Weigh In On Extreme Networks

Institutional investors and hedge funds have recently modified their holdings of the business. Axecap Investments LLC acquired a new stake in shares of Extreme Networks in the 3rd quarter valued at $1,609,000. Lisanti Capital Growth LLC lifted its stake in shares of Extreme Networks by 72.5% in the 3rd quarter. Lisanti Capital Growth LLC now owns 248,712 shares of the technology company's stock valued at $5,136,000 after purchasing an additional 104,557 shares during the last quarter. Hillsdale Investment Management Inc. lifted its stake in shares of Extreme Networks by 73,806.7% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 332,580 shares of the technology company's stock valued at $6,868,000 after purchasing an additional 332,130 shares during the last quarter. Counterpoint Mutual Funds LLC lifted its stake in shares of Extreme Networks by 203.7% in the 3rd quarter. Counterpoint Mutual Funds LLC now owns 132,439 shares of the technology company's stock valued at $2,735,000 after purchasing an additional 88,835 shares during the last quarter. Finally, Algert Global LLC lifted its stake in shares of Extreme Networks by 49.6% in the 3rd quarter. Algert Global LLC now owns 933,067 shares of the technology company's stock valued at $19,268,000 after purchasing an additional 309,169 shares during the last quarter. Institutional investors and hedge funds own 91.05% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on EXTR shares. B. Riley Financial reissued a "buy" rating on shares of Extreme Networks in a research note on Thursday, April 30th. Wall Street Zen raised shares of Extreme Networks from a "buy" rating to a "strong-buy" rating in a research note on Sunday. Needham & Company LLC lifted their target price on shares of Extreme Networks from $21.00 to $26.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Lake Street Capital reissued a "buy" rating and set a $25.00 target price on shares of Extreme Networks in a research note on Thursday, April 30th. Finally, Weiss Ratings raised shares of Extreme Networks from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, May 1st. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average 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.

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