Abacus FCF Advisors LLC Invests $6.44 Million in Extreme Networks, Inc. $EXTR

Key Points

• Abacus FCF Advisors LLC bought a new stake of 386,748 shares in Extreme Networks, valued at about $6.44 million, representing roughly 0.29% of the company.
• CEO Edward Meyercord sold 50,000 shares under a Rule 10b5‑1 plan (proceeds ≈ $765,000), reducing his holding by about 2.57%.
• Extreme recently beat quarterly expectations (EPS $0.26 vs. $0.24; revenue $317.9M, +13.8% YoY), provided FY2026 EPS guidance of 0.98–1.02, and carries a consensus “Moderate Buy” rating with an average target of $22.67.

Abacus FCF Advisors LLC bought a new stake in shares of Extreme Networks, Inc. (NASDAQ:EXTR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 386,748 shares of the technology company's stock, valued at approximately $6,439,000. Abacus FCF Advisors LLC owned approximately 0.29% of Extreme Networks at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EXTR. Millennium Management LLC grew its holdings in shares of Extreme Networks by 163.0% during the first quarter. Millennium Management LLC now owns 1,260,362 shares of the technology company's stock worth $16,675,000 after buying an additional 781,103 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Extreme Networks in the 2nd quarter worth approximately $11,265,000. Qube Research & Technologies Ltd boosted its holdings in shares of Extreme Networks by 181.9% during the 3rd quarter. Qube Research & Technologies Ltd now owns 959,444 shares of the technology company's stock worth $19,813,000 after purchasing an additional 619,154 shares during the last quarter. Invesco Ltd. grew its position in shares of Extreme Networks by 86.9% in the third quarter. Invesco Ltd. now owns 999,653 shares of the technology company's stock valued at $20,643,000 after purchasing an additional 464,652 shares in the last quarter. Finally, Cooper Creek Partners Management LLC grew its position in shares of Extreme Networks by 98.2% in the third quarter. Cooper Creek Partners Management LLC now owns 838,178 shares of the technology company's stock valued at $17,308,000 after purchasing an additional 415,296 shares in the last quarter. 91.05% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Extreme Networks news, CEO Edward Meyercord sold 50,000 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $15.30, for a total value of $765,000.00. Following the sale, the chief executive officer owned 1,897,270 shares of the company's stock, valued at $29,028,231. This trade represents a 2.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.60% of the stock is currently owned by company insiders.

Extreme Networks Trading Up 4.1%

Shares of EXTR stock opened at $17.59 on Friday. Extreme Networks, Inc. has a fifty-two week low of $12.29 and a fifty-two week high of $22.89. The company has a 50 day moving average price of $15.40 and a 200 day moving average price of $16.58. The stock has a market capitalization of $2.36 billion, a P/E ratio of 251.32, a price-to-earnings-growth ratio of 1.78 and a beta of 1.62. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.80 and a current ratio of 0.95.

Extreme Networks (NASDAQ:EXTR - Get Free Report) last released its earnings results on Wednesday, January 28th. The technology company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.02. The company had revenue of $317.93 million for the quarter, compared to analyst estimates of $312.33 million. Extreme Networks had a net margin of 0.75% and a return on equity of 75.56%. The firm's quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.21 EPS. Extreme Networks has set its Q3 2026 guidance at 0.230-0.250 EPS and its FY 2026 guidance at 0.980-1.020 EPS. Equities research analysts predict that Extreme Networks, Inc. will post 0.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EXTR. Wall Street Zen cut Extreme Networks from a "strong-buy" rating to a "buy" rating in a report on Saturday. Rosenblatt Securities reissued a "buy" rating and issued a $25.00 price objective on shares of Extreme Networks in a report on Thursday, January 29th. Weiss Ratings cut shares of Extreme Networks from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, February 17th. Needham & Company LLC dropped their price target on shares of Extreme Networks from $24.00 to $21.00 and set a "buy" rating for the company in a research note on Thursday, January 29th. Finally, UBS Group restated a "neutral" rating and set a $17.00 price target on shares of Extreme Networks in a report on Thursday, January 29th. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Extreme Networks has a consensus rating of "Moderate Buy" and an average target price of $22.67.

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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