Lisanti Capital Growth LLC Has $5.14 Million Stake in Extreme Networks, Inc. $EXTR

Lisanti Capital Growth LLC increased its position in Extreme Networks, Inc. (NASDAQ:EXTR) by 72.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 248,712 shares of the technology company’s stock after acquiring an additional 104,557 shares during the period. Lisanti Capital Growth LLC’s holdings in Extreme Networks were worth $5,136,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXTR. Arrowstreet Capital Limited Partnership grew its position in Extreme Networks by 3,302.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,460,851 shares of the technology company’s stock worth $44,172,000 after acquiring an additional 2,388,527 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Extreme Networks by 163.0% in the 1st quarter. Millennium Management LLC now owns 1,260,362 shares of the technology company’s stock valued at $16,675,000 after purchasing an additional 781,103 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Extreme Networks in the second quarter worth $11,265,000. American Century Companies Inc. increased its position in Extreme Networks by 21.7% during the second quarter. American Century Companies Inc. now owns 3,494,851 shares of the technology company’s stock worth $62,733,000 after buying an additional 622,953 shares during the last quarter. Finally, Penserra Capital Management LLC acquired a new position in Extreme Networks during the second quarter worth $10,417,000. Institutional investors own 91.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EXTR. Wall Street Zen raised Extreme Networks from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 25th. UBS Group reiterated a “neutral” rating and issued a $17.00 target price on shares of Extreme Networks in a research note on Thursday. Weiss Ratings lowered shares of Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, January 16th. B. Riley reaffirmed a “buy” rating on shares of Extreme Networks in a research report on Thursday, October 30th. Finally, Needham & Company LLC cut their price objective on Extreme Networks from $24.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday. Six 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.67.

Trending Headlines about Extreme Networks

Here are the key news stories impacting Extreme Networks this week:

• Positive Sentiment: Q2 FY2026 results beat expectations — EXTR topped revenue and EPS estimates and reported its seventh consecutive quarter of growth, supporting the market’s positive reaction to the quarter. Extreme Networks (EXTR) Reports Fiscal Q2 2026 Results, Here’s What You Need to Know
• Positive Sentiment: Shares gapped up after the earnings beat — short?term price action shows investor enthusiasm for the stronger-than-expected quarter. Extreme Networks (NASDAQ:EXTR) Shares Gap Up After Better-Than-Expected Earnings
• Positive Sentiment: Company projects ~11% revenue growth for fiscal 2026 and highlights progress on an AI-driven networking platform and market-share gains — revenue guide and AI strategy bolster medium?term growth expectations. Extreme Networks projects 11% revenue growth for fiscal 2026 while advancing AI-driven platform and market share gains
• Positive Sentiment: Analyst support: Rosenblatt reaffirmed a “buy” rating with a $25 price target, signaling upside from current levels and adding to bullish sentiment. Benzinga coverage of analyst action
• Neutral Sentiment: Investor events scheduled in Feb–Mar 2026 — management will be presenting to investors, which could provide more color on execution and the AI roadmap but is informational rather than immediately value?moving. Extreme Networks Announces Investor Conferences for February and March 2026
• Negative Sentiment: Needham trimmed its price target from $24 to $21 (but kept a “buy” rating) — the cut dampens some upside expectations and suggests less bullishness on valuation despite positive operational news. Benzinga coverage of analyst action

Insider Buying and Selling at Extreme Networks

In related news, CEO Edward Meyercord sold 50,000 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $16.54, for a total value of $827,000.00. Following the sale, the chief executive officer owned 1,871,418 shares of the company’s stock, valued at $30,953,253.72. The trade was a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 3.60% of the company’s stock.

Extreme Networks Price Performance

Shares of EXTR stock opened at $14.58 on Friday. The stock has a 50 day moving average of $16.50 and a two-hundred day moving average of $18.63. The company has a current ratio of 0.95, a quick ratio of 0.75 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $1.95 billion, a P/E ratio of 208.32, a P/E/G ratio of 1.59 and a beta of 1.64. Extreme Networks, Inc. has a 12 month low of $10.10 and a 12 month high of $22.89.

Extreme Networks (NASDAQ:EXTR) last issued its earnings results on Wednesday, January 28th. The technology company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.24 by $0.02. The firm had revenue of $317.93 million during the quarter, compared to analysts’ expectations of $312.33 million. Extreme Networks had a return on equity of 75.56% and a net margin of 0.75%.Extreme Networks’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period last year, the business earned $0.21 earnings per share. 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 analysts expect that Extreme Networks, Inc. will post 0.31 EPS for the current year.

Extreme Networks 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.