JPMorgan Chase & Co. Cuts Stock Position in Extreme Networks, Inc. $EXTR

Key Points

• JPMorgan Chase cut its stake in Extreme Networks by 34.9% in Q3, selling 294,086 shares and now owning 547,675 shares (about 0.41% of the company) worth roughly $11.3 million.
• The CEO, Edward Meyercord, sold 50,000 shares on Feb. 2 at $14.91 (~$745,500), and corporate insiders collectively own about 3.6% of the stock.
• Extreme Networks beat quarter expectations (EPS $0.26 vs. $0.24 est.; revenue $317.9M vs. $312.3M, +13.8% YoY), provided FY2026 and Q3 guidance, and carries a consensus analyst rating of Moderate Buy with a $22.67 price target.

JPMorgan Chase & Co. lessened its holdings in shares of Extreme Networks, Inc. (NASDAQ:EXTR - Free Report) by 34.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 547,675 shares of the technology company's stock after selling 294,086 shares during the quarter. JPMorgan Chase & Co. owned about 0.41% of Extreme Networks worth $11,309,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Salomon & Ludwin LLC acquired a new stake in Extreme Networks during the 3rd quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd purchased a new position in Extreme Networks in the 3rd quarter valued at approximately $31,000. CWM LLC grew its stake in shares of Extreme Networks by 44.8% in the third quarter. CWM LLC now owns 2,095 shares of the technology company's stock worth $43,000 after acquiring an additional 648 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Extreme Networks by 85.4% during the third quarter. Farther Finance Advisors LLC now owns 2,201 shares of the technology company's stock worth $45,000 after acquiring an additional 1,014 shares during the period. Finally, Quarry LP increased its position in shares of Extreme Networks by 74.9% during the third quarter. Quarry LP now owns 2,610 shares of the technology company's stock worth $54,000 after acquiring an additional 1,118 shares during the period. Institutional investors and hedge funds own 91.05% of the company's stock.

Insider Buying and Selling

In other Extreme Networks news, CEO Edward Meyercord sold 50,000 shares of the firm's stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $14.91, for a total transaction of $745,500.00. Following the sale, the chief executive officer owned 1,871,418 shares of the company's stock, valued at approximately $27,902,842.38. This trade represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.60% of the stock is owned by corporate insiders.

Extreme Networks Stock Down 1.3%

Extreme Networks stock opened at $15.26 on Friday. The stock has a market cap of $2.05 billion, a PE ratio of 218.03, a P/E/G ratio of 1.64 and a beta of 1.67. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.95 and a quick ratio of 0.80. The stock's fifty day moving average is $14.67 and its two-hundred day moving average is $17.23. Extreme Networks, Inc. has a 1-year low of $10.10 and a 1-year high of $22.89.

Extreme Networks (NASDAQ:EXTR - Get Free Report) last released its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. Extreme Networks had a return on equity of 75.56% and a net margin of 0.75%.The business had revenue of $317.93 million for the quarter, compared to the consensus estimate of $312.33 million. During the same quarter in the prior year, the business posted $0.21 EPS. The business's revenue for the quarter was up 13.8% on a year-over-year basis. 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. On average, sell-side analysts expect that Extreme Networks, Inc. will post 0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on EXTR. Wall Street Zen upgraded Extreme Networks from a "buy" rating to a "strong-buy" rating in a report on Saturday, February 28th. Weiss Ratings lowered Extreme Networks from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, February 17th. Rosenblatt Securities reiterated a "buy" rating and issued a $25.00 price objective on shares of Extreme Networks in a research note on Thursday, January 29th. UBS Group reissued a "neutral" rating and set a $17.00 price objective on shares of Extreme Networks in a research report on Thursday, January 29th. Finally, Needham & Company LLC cut their target price on shares of Extreme Networks from $24.00 to $21.00 and set a "buy" rating on the stock in a research note on Thursday, January 29th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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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