Tudor Investment Corp ET AL Has $1.39 Million Stock Position in Extreme Networks, Inc. $EXTR

Key Points

• Tudor Investment Corp cut its stake in Extreme Networks by 67.1% during the third quarter, selling 137,310 shares and now holds 67,212 shares worth about $1.39 million (≈0.05% of the company).
• Extreme Networks beat quarterly estimates, reporting $0.26 EPS versus $0.24 expected and revenue of $317.93 million (up 13.8% YoY), and set Q3 2026 EPS guidance of $0.230–0.250 and FY2026 guidance of $0.980–1.020.
• CEO Edward Meyercord sold 50,000 shares at an average $15.30 under a pre-arranged 10b5-1 plan (a 2.57% reduction in his holding); institutional investors own 91.05% of the stock and analysts have a consensus "Moderate Buy" target of $22.67.

Tudor Investment Corp ET AL lowered its stake in Extreme Networks, Inc. (NASDAQ:EXTR - Free Report) by 67.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 67,212 shares of the technology company's stock after selling 137,310 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.05% of Extreme Networks worth $1,388,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Royal Bank of Canada grew its holdings in Extreme Networks by 20.8% during the first quarter. Royal Bank of Canada now owns 73,610 shares of the technology company's stock worth $974,000 after purchasing an additional 12,667 shares during the period. AQR Capital Management LLC grew its holdings in Extreme Networks by 6.6% during the first quarter. AQR Capital Management LLC now owns 34,375 shares of the technology company's stock worth $455,000 after purchasing an additional 2,122 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Extreme Networks by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,723 shares of the technology company's stock worth $1,015,000 after purchasing an additional 3,349 shares during the period. Millennium Management LLC grew its holdings in 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 purchasing an additional 781,103 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Extreme Networks by 7.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 319,434 shares of the technology company's stock worth $4,226,000 after purchasing an additional 22,209 shares during the period. Institutional investors and hedge funds own 91.05% of the company's stock.

Extreme Networks Trading Up 1.6%

Shares of NASDAQ:EXTR opened at $17.64 on Tuesday. Extreme Networks, Inc. has a 12-month low of $11.03 and a 12-month high of $22.89. The stock has a market cap of $2.37 billion, a PE ratio of 252.04, a P/E/G ratio of 1.83 and a beta of 1.62. The business has a 50 day moving average of $14.91 and a 200-day moving average of $16.72. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 1.61.

Extreme Networks (NASDAQ:EXTR - Get Free Report) last issued its quarterly earnings data 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. Extreme Networks had a return on equity of 75.56% and a net margin of 0.75%.The company had revenue of $317.93 million during the quarter, compared to analysts' expectations of $312.33 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The business's revenue 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. As a group, equities research analysts forecast that Extreme Networks, Inc. will post 0.31 earnings per share for the current year.

Insider Buying and Selling at Extreme Networks

In other news, CEO Edward Meyercord sold 50,000 shares of Extreme Networks stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $15.30, for a total value of $765,000.00. Following the completion of the sale, the chief executive officer directly owned 1,897,270 shares in the company, valued at approximately $29,028,231. The trade was a 2.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.60% of the company's stock.

Wall Street Analysts Forecast Growth

EXTR has been the subject of a number of research analyst reports. Weiss Ratings cut Extreme Networks from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, February 17th. Wall Street Zen upgraded Extreme Networks from a "buy" rating to a "strong-buy" rating in a report on Saturday, February 28th. Rosenblatt Securities reiterated a "buy" rating and set a $25.00 price target on shares of Extreme Networks in a report on Thursday, January 29th. Needham & Company LLC reduced their price target on Extreme Networks from $24.00 to $21.00 and set a "buy" rating for the company in a report on Thursday, January 29th. Finally, UBS Group reiterated a "neutral" rating and set a $17.00 price target on shares of Extreme Networks in a report 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 given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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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