Sirios Capital Management L P Has $698,000 Stock Position in Extreme Networks, Inc. $EXTR

Key Points

• Sirios Capital Management cut its stake in Extreme Networks by 79.7% in Q3, selling 132,922 shares and leaving 33,797 shares valued at about $698,000.
• CEO Edward Meyercord sold 50,000 shares on Feb 2 at an average of $14.91 for roughly $745,500, a transaction that reduced his position by about 2.6% (insiders own ~3.6% of the stock).
• Extreme Networks reported Q3 EPS of $0.26 (beat consensus by $0.02) and revenue of $317.9M (up 13.8% YoY), set FY2026 EPS guidance of $0.98–1.02, and holds a consensus analyst rating of Moderate Buy with an average target of $22.67.

Sirios Capital Management L P cut its holdings in shares of Extreme Networks, Inc. (NASDAQ:EXTR - Free Report) by 79.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,797 shares of the technology company's stock after selling 132,922 shares during the period. Sirios Capital Management L P's holdings in Extreme Networks were worth $698,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. CWM LLC grew its position in shares of Extreme Networks by 44.8% during the 3rd quarter. CWM LLC now owns 2,095 shares of the technology company's stock worth $43,000 after buying an additional 648 shares during the period. Envestnet Asset Management Inc. boosted its stake in Extreme Networks by 3.1% in the third quarter. Envestnet Asset Management Inc. now owns 22,783 shares of the technology company's stock valued at $470,000 after acquiring an additional 683 shares during the last quarter. Arizona State Retirement System boosted its stake in Extreme Networks by 1.8% in the third quarter. Arizona State Retirement System now owns 39,405 shares of the technology company's stock valued at $814,000 after acquiring an additional 685 shares during the last quarter. Police & Firemen s Retirement System of New Jersey grew its holdings in Extreme Networks by 3.3% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 29,356 shares of the technology company's stock worth $527,000 after acquiring an additional 934 shares during the period. Finally, Farther Finance Advisors LLC raised its position in shares of Extreme Networks by 85.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,201 shares of the technology company's stock valued at $45,000 after acquiring an additional 1,014 shares during the last quarter. Institutional investors own 91.05% of the company's stock.

Extreme Networks Price Performance

EXTR opened at $14.49 on Friday. The stock has a market cap of $1.95 billion, a P/E ratio of 207.03, a P/E/G ratio of 1.53 and a beta of 1.67. Extreme Networks, Inc. has a 12 month low of $10.10 and a 12 month high of $22.89. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 1.61. The company has a fifty day simple moving average of $14.86 and a 200 day simple moving average of $17.72.

Extreme Networks (NASDAQ:EXTR - Get Free Report) last posted its earnings results on Wednesday, January 28th. The technology company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.02. Extreme Networks had a return on equity of 75.56% and a net margin of 0.75%.The firm had revenue of $317.93 million for the quarter, compared to analyst estimates of $312.33 million. During the same period in the previous year, the company posted $0.21 earnings per share. The company'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, research analysts expect that Extreme Networks, Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling at Extreme Networks

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

Wall Street Analyst Weigh In

EXTR has been the topic of a number of analyst reports. Wall Street Zen raised Extreme Networks from a "buy" rating to a "strong-buy" rating in a research note on Saturday, February 28th. Needham & Company LLC dropped their price objective on Extreme Networks from $24.00 to $21.00 and set a "buy" rating for the company in a report on Thursday, January 29th. Bank of America assumed coverage on Extreme Networks in a research note on Wednesday, November 19th. They issued a "buy" rating and a $24.00 target price on the stock. UBS Group restated a "neutral" rating and set a $17.00 target price on shares of Extreme Networks in a research report on Thursday, January 29th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $25.00 price target on shares of Extreme Networks in a research note on Thursday, January 29th. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $22.67.

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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