Extreme Networks (NASDAQ:EXTR) Posts Earnings Results, Misses Estimates By $0.07 EPS

Extreme Networks (NASDAQ:EXTR - Get Free Report) announced its earnings results on Wednesday. The technology company reported $0.11 EPS 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

Shares of EXTR stock traded down $0.17 during trading on Thursday, hitting $15.60. The company had a trading volume of 1,983,842 shares, compared to its average volume of 979,650. The stock's 50-day moving average is $17.19 and its two-hundred day moving average is $15.59. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of -16.08, a price-to-earnings-growth ratio of 3.76 and a beta of 1.75. Extreme Networks has a 52 week low of $10.49 and a 52 week high of $19.24. The company has a quick ratio of 0.63, a current ratio of 0.91 and a debt-to-equity ratio of 5.33.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on EXTR shares. B. Riley increased their target price on Extreme Networks from $18.00 to $21.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Needham & Company LLC reaffirmed a "buy" rating and issued a $20.00 price objective on shares of Extreme Networks in a research note on Thursday. StockNews.com raised Extreme Networks from a "hold" rating to a "buy" rating in a report on Thursday, December 19th. Lake Street Capital boosted their target price on shares of Extreme Networks from $15.00 to $16.00 and gave the stock a "hold" rating in a research note on Thursday. Finally, Craig Hallum raised their price target on Extreme Networks from $17.00 to $22.50 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Extreme Networks presently has a consensus rating of "Moderate Buy" and a consensus price target of $19.25.

Insider Activity

In other news, CEO Edward Meyercord sold 35,725 shares of the 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 directly owns 1,448,378 shares of the company's stock, valued at $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 is available through this link. Also, Director Charles Carinalli sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $16.70, for a total transaction of $83,500.00. Following the sale, the director now owns 366,793 shares in the company, valued at approximately $6,125,443.10. The trade was a 1.34 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,725 shares of company stock valued at $698,246. 3.70% of the stock is currently owned by insiders.

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.