Extreme Networks, Inc. $EXTR Shares Newly Acquired by Cantor Fitzgerald Investment Advisors L.P.

Key Points

• Cantor Fitzgerald Investment Advisors initiated a 64,000-share position in Extreme Networks worth approximately $1.37 million. Institutional investors collectively own 91.05% of the company.
• Extreme Networks reported quarterly EPS of $0.32, beating estimates by $0.03, while revenue rose 10.3% year over year to $338.55 million. The company issued fiscal 2027 EPS guidance of $1.28–$1.33.
• Analyst sentiment remains favorable, with seven Buy ratings and two Holds, an overall “Moderate Buy” consensus, and an average price target of $32.25 versus the stock’s $22.04 price. However, insiders sold 121,825 shares worth about $3.06 million over the past 90 days.

Cantor Fitzgerald Investment Advisors L.P. bought a new position in shares of Extreme Networks, Inc. (NASDAQ:EXTR - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 64,000 shares of the technology company's stock, valued at approximately $1,373,000.

Several other institutional investors have also added to or reduced their stakes in EXTR. Nisa Investment Advisors LLC lifted its position in shares of Extreme Networks by 103.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 8,617 shares of the technology company's stock worth $185,000 after buying an additional 4,383 shares during the last quarter. First Bank & Trust boosted its stake in shares of Extreme Networks by 6.3% in the 3rd quarter. First Bank & Trust now owns 14,021 shares of the technology company's stock valued at $301,000 after purchasing an additional 830 shares during the last quarter. CoreCap Advisors LLC raised its position in shares of Extreme Networks by 72.3% in the 3rd quarter. CoreCap Advisors LLC now owns 1,201 shares of the technology company's stock worth $26,000 after acquiring an additional 504 shares in the last quarter. Byrne Asset Management LLC increased its holdings in Extreme Networks by 18.1% in the third quarter. Byrne Asset Management LLC now owns 10,676 shares of the technology company's stock worth $235,000 after purchasing an additional 1,636 shares in the last quarter. Finally, Bienville Capital Management LLC bought a new stake in Extreme Networks in the 2nd quarter valued at about $263,000. 91.05% of the stock is currently owned by institutional investors.

Extreme Networks Trading Down 2.2%

NASDAQ EXTR opened at $22.04 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.63. The stock's 50-day simple moving average is $22.49 and its two-hundred day simple moving average is $24.92. Extreme Networks, Inc. has a twelve month low of $13.48 and a twelve month high of $33.73. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 40.98, a PEG ratio of 1.48 and a beta of 1.76.

Extreme Networks (NASDAQ:EXTR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.03. The firm had revenue of $338.55 million during the quarter, compared to analysts' expectations of $332.49 million. Extreme Networks had a return on equity of 88.88% and a net margin of 3.28%. The company's revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.25 EPS. 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. Research analysts forecast that Extreme Networks, Inc. will post 0.75 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the company. Weiss Ratings raised Extreme Networks from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, October 16th. Needham & Company LLC decreased their price target on shares of Extreme Networks from $38.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, August 5th. Oppenheimer reiterated an "outperform" rating on shares of Extreme Networks in a research report on Thursday, August 6th. B. Riley Financial lifted their price objective on shares of Extreme Networks from $28.00 to $34.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Finally, Wall Street Zen upgraded shares of Extreme Networks from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 8th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $32.25.

Insider Buying and Selling

In other Extreme Networks news, CEO Edward Meyercord sold 50,000 shares of the company's stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $21.77, for a total value of $1,088,500.00. Following the completion of the sale, the chief executive officer owned 1,710,097 shares of the company's stock, valued at $37,228,811.69. This represents a 2.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevin Rhodes sold 21,825 shares of the company's stock in a transaction that occurred 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 sale, the chief financial officer directly owned 196,803 shares of the company's stock, valued at approximately $4,388,706.90. This represents a 9.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 121,825 shares of company stock valued at $3,064,698 in the last 90 days. 3.20% of the stock is currently owned by corporate insiders.

Extreme Networks Company Profile

Extreme Networks, Inc develops networking solutions that help organizations connect, manage and secure users, devices and applications across campus, data center and distributed environments. Its portfolio includes wired and wireless network infrastructure, Ethernet switches, access points, software-defined wide-area networking (SD-WAN), network access control and cloud-based network management.

The company's ExtremeCloud platform supports centralized monitoring, configuration, analytics and automation for network operations.

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