Howe & Rusling Inc. Buys Shares of 13,500 Extreme Networks, Inc. $EXTR

Howe & Rusling Inc. purchased a new position in shares of Extreme Networks, Inc. (NASDAQ:EXTR) during the second quarter, HoldingsChannel reports. The fund purchased 13,500 shares of the technology company’s stock, valued at approximately $242,000.

Several other institutional investors and hedge funds also recently made changes to their positions in EXTR. Petrus Trust Company LTA acquired a new stake in Extreme Networks during the 1st quarter worth $158,000. Trust Co. of Toledo NA OH bought a new stake in shares of Extreme Networks in the second quarter worth about $169,000. Strs Ohio acquired a new stake in shares of Extreme Networks during the first quarter worth about $176,000. Vise Technologies Inc. acquired a new stake in shares of Extreme Networks during the second quarter worth about $202,000. Finally, State of Wyoming lifted its holdings in shares of Extreme Networks by 49.1% during the 1st quarter. State of Wyoming now owns 15,596 shares of the technology company’s stock valued at $206,000 after purchasing an additional 5,138 shares in the last quarter. Institutional investors and hedge funds own 91.05% of the company’s stock.

Analyst Ratings Changes

EXTR has been the subject of several research analyst reports. B. Riley reiterated a “buy” rating on shares of Extreme Networks in a research report on Thursday, October 30th. Oppenheimer raised shares of Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 price target on the stock in a research note on Thursday, October 30th. UBS Group increased their price objective on shares of Extreme Networks from $15.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Wall Street Zen cut shares of Extreme Networks from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 15th. Finally, Lake Street Capital raised shares of Extreme Networks from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Thursday, August 7th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Extreme Networks presently has a consensus rating of “Moderate Buy” and an average target price of $23.83.

Insider Transactions at Extreme Networks

In related news, CFO Kevin R. Rhodes sold 14,000 shares of the company’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $21.52, for a total transaction of $301,280.00. Following the sale, the chief financial officer owned 126,202 shares in the company, valued at approximately $2,715,867.04. This represents a 9.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.60% of the company’s stock.

Extreme Networks Price Performance

NASDAQ EXTR opened at $16.92 on Friday. The firm’s 50 day moving average is $19.87 and its 200-day moving average is $18.67. The company has a quick ratio of 0.74, a current ratio of 0.91 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $2.26 billion, a PE ratio of 241.71, a price-to-earnings-growth ratio of 1.89 and a beta of 1.82. Extreme Networks, Inc. has a 12-month low of $10.10 and a 12-month high of $22.89.

Extreme Networks (NASDAQ:EXTR) last released its earnings results on Wednesday, October 29th. The technology company reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. Extreme Networks had a net margin of 0.73% and a return on equity of 81.83%. The business had revenue of $310.25 million during the quarter, compared to the consensus estimate of $295.72 million. During the same quarter last year, the firm earned $0.17 earnings per share. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. Extreme Networks has set its FY 2026 guidance at EPS. Q2 2026 guidance at 0.230-0.250 EPS. Equities research analysts anticipate that Extreme Networks, Inc. will post 0.31 earnings per share for the current fiscal year.

Extreme Networks Profile

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.