Extreme Networks (NASDAQ:EXTR) Trading Down 9.3% – What’s Next?

17 Jul 2026, 11:41 by Sarita Garza · The Markets Daily

Extreme Networks, Inc. (NASDAQ:EXTR – Get Free Report)’s stock price fell 9.3% on Wednesday . The company traded as low as $29.97 and last traded at $29.9420. Approximately 1,050,167 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 2,106,244 shares. The stock had previously closed at $33.02.

Analyst Ratings Changes

A number of analysts have commented on EXTR shares. Rosenblatt Securities upped their price objective on shares of Extreme Networks from $29.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Lake Street Capital raised their price objective on shares of Extreme Networks from $25.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. Bank of America boosted their target price on shares of Extreme Networks from $28.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, June 8th. B. Riley Financial restated a “buy” rating on shares of Extreme Networks in a report on Thursday, April 30th. Finally, Needham & Company LLC raised their target price on Extreme Networks from $21.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Six investment 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $30.83.

Check Out Our Latest Report on EXTR

Extreme Networks Stock Performance

The company has a current ratio of 0.91, a quick ratio of 0.78 and a debt-to-equity ratio of 1.89. The firm has a market capitalization of $3.89 billion, a PE ratio of 248.00, a PEG ratio of 1.87 and a beta of 1.77. The firm’s fifty day moving average price is $28.87 and its 200 day moving average price is $20.47.

Extreme Networks (NASDAQ:EXTR – Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. Extreme Networks had a return on equity of 81.88% and a net margin of 1.30%.The business had revenue of $316.87 million during the quarter, compared to analyst estimates of $311.48 million. During the same period last year, the company earned $0.21 earnings per share. Extreme Networks’s quarterly revenue was up 11.4% compared to the same quarter last year. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. On average, research analysts anticipate that Extreme Networks, Inc. will post 0.53 earnings per share for the current year.

Insider Transactions at Extreme Networks

In related news, CFO Kevin R. Rhodes sold 35,000 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $30.43, for a total value of $1,065,050.00. Following the completion of the sale, the chief financial officer owned 151,296 shares of the company’s stock, valued at approximately $4,603,937.28. The trade was a 18.79% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kathleen M. Holmgren sold 19,521 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $24.78, for a total transaction of $483,730.38. Following the transaction, the director directly owned 219,308 shares in the company, valued at approximately $5,434,452.24. The trade was a 8.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 592,182 shares of company stock valued at $15,423,978 in the last quarter. Corporate insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of EXTR. Alyeska Investment Group L.P. lifted its stake in shares of Extreme Networks by 301.9% in the 4th quarter. Alyeska Investment Group L.P. now owns 2,971,718 shares of the technology company’s stock valued at $49,479,000 after purchasing an additional 2,232,373 shares during the last quarter. Jain Global LLC bought a new position in Extreme Networks during the fourth quarter valued at about $17,361,000. SEB Asset Management AB acquired a new stake in shares of Extreme Networks in the first quarter worth about $12,192,000. Millennium Management LLC boosted its stake in shares of Extreme Networks by 163.0% during the 1st quarter. Millennium Management LLC now owns 1,260,362 shares of the technology company’s stock worth $16,675,000 after acquiring an additional 781,103 shares in the last quarter. Finally, Glenmede Trust Co. NA acquired a new position in shares of Extreme Networks during the 1st quarter valued at about $10,129,000. Institutional investors and hedge funds own 91.05% of the company’s stock.

About Extreme Networks

(Get Free Report)

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.