Magnetar Financial LLC Invests $226,000 in Extreme Networks, Inc. $EXTR

Magnetar Financial LLC acquired a new position in shares of Extreme Networks, Inc. (NASDAQ:EXTR) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 12,585 shares of the technology company’s stock, valued at approximately $226,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Petrus Trust Company LTA acquired a new position in Extreme Networks in the 1st quarter worth about $158,000. Trust Co. of Toledo NA OH bought a new stake in shares of Extreme Networks in the 2nd quarter valued at approximately $169,000. Strs Ohio acquired a new position in Extreme Networks in the first quarter worth approximately $176,000. Vise Technologies Inc. bought a new position in Extreme Networks during the second quarter valued at approximately $202,000. Finally, State of Wyoming lifted its stake in Extreme Networks by 49.1% in the first quarter. State of Wyoming now owns 15,596 shares of the technology company’s stock valued at $206,000 after acquiring an additional 5,138 shares during the last quarter. Hedge funds and other institutional investors own 91.05% of the company’s stock.

Wall Street Analysts Forecast Growth

EXTR has been the topic of several analyst reports. Wall Street Zen lowered shares of Extreme Networks from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 15th. Rosenblatt Securities reissued a “buy” rating and set a $25.00 target price on shares of Extreme Networks in a research report on Tuesday, November 11th. Weiss Ratings restated a “hold (c-)” rating on shares of Extreme Networks in a report on Thursday, November 20th. Lake Street Capital upgraded Extreme Networks from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Thursday, August 7th. Finally, B. Riley reissued a “buy” rating on shares of Extreme Networks in a report on Thursday, October 30th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $23.83.

Extreme Networks Stock Up 0.1%

Extreme Networks stock opened at $17.48 on Thursday. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.91 and a quick ratio of 0.74. Extreme Networks, Inc. has a fifty-two week low of $10.10 and a fifty-two week high of $22.89. The firm has a fifty day moving average price of $19.46 and a two-hundred day moving average price of $18.78. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 249.71, a P/E/G ratio of 1.89 and a beta of 1.82.

Extreme Networks (NASDAQ:EXTR) last posted its quarterly earnings data on Wednesday, October 29th. The technology company reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. Extreme Networks had a return on equity of 81.83% and a net margin of 0.73%.The business had revenue of $310.25 million for the quarter, compared to analyst estimates of $295.72 million. During the same period in the previous year, the company posted $0.17 earnings per share. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. Extreme Networks has set its FY 2026 guidance at EPS. Q2 2026 guidance at 0.230-0.250 EPS. As a group, analysts forecast that Extreme Networks, Inc. will post 0.31 earnings per share for the current year.

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.