Extreme Networks (NASDAQ:EXTR) Issues Earnings Results

Extreme Networks (NASDAQ:EXTR) released its quarterly earnings data on Wednesday. The technology company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07), Zacks reports. Extreme Networks had a negative net margin of 12.11% and a negative return on equity of 80.55%. Extreme Networks updated its FY 2025 guidance to EPS and its Q3 2025 guidance to 0.160-0.200 EPS.

Extreme Networks Price Performance

EXTR traded down $0.73 during midday trading on Wednesday, hitting $15.52. The company had a trading volume of 658,083 shares, compared to its average volume of 793,131. Extreme Networks has a twelve month low of $10.49 and a twelve month high of $19.24. The firm’s 50-day simple moving average is $17.18 and its 200-day simple moving average is $15.59. The company has a market capitalization of $2.05 billion, a PE ratio of -15.98, a P/E/G ratio of 3.76 and a beta of 1.75. The company has a debt-to-equity ratio of 5.33, a quick ratio of 0.63 and a current ratio of 0.91.

Insider Activity

In other Extreme Networks news, CEO Edward Meyercord sold 35,725 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $14.96, for a total transaction of $534,446.00. Following the transaction, the chief executive officer now owns 1,448,378 shares of the company’s stock, valued at approximately $21,667,734.88. This represents a 2.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles Carinalli sold 5,000 shares of Extreme Networks stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $16.06, for a total value of $80,300.00. Following the completion of the sale, the director now directly owns 371,793 shares of the company’s stock, valued at $5,970,995.58. This trade represents a 1.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 45,725 shares of company stock valued at $698,246 over the last three months. 3.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on EXTR shares. Craig Hallum boosted their price target on Extreme Networks from $17.00 to $22.50 and gave the company a “buy” rating in a research note on Thursday, October 31st. Rosenblatt Securities reissued a “buy” rating and set a $21.00 price objective on shares of Extreme Networks in a report on Wednesday, November 6th. StockNews.com raised shares of Extreme Networks from a “hold” rating to a “buy” rating in a report on Thursday, December 19th. Finally, B. Riley lifted their price target on shares of Extreme Networks from $18.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, October 31st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $19.00.

About Extreme Networks

Extreme Networks, Inc delivers cloud-driven networking solutions that leverage the powers of machine learning, artificial intelligence, analytics, and automation.
The company designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security, and access controls.