Vise Technologies Inc. Takes Position in Extreme Networks, Inc. $EXTR

Vise Technologies Inc. acquired a new position in shares of Extreme Networks, Inc. (NASDAQ:EXTR) in the second quarter, HoldingsChannel reports. The fund acquired 11,228 shares of the technology company’s stock, valued at approximately $202,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. XTX Topco Ltd lifted its stake in Extreme Networks by 69.8% in the first quarter. XTX Topco Ltd now owns 53,464 shares of the technology company’s stock valued at $707,000 after buying an additional 21,981 shares during the period. Focus Partners Wealth grew its position in shares of Extreme Networks by 25.3% during the 1st quarter. Focus Partners Wealth now owns 324,736 shares of the technology company’s stock worth $4,296,000 after buying an additional 65,535 shares during the period. Alberta Investment Management Corp increased its stake in shares of Extreme Networks by 27.3% in the 1st quarter. Alberta Investment Management Corp now owns 181,355 shares of the technology company’s stock valued at $2,399,000 after acquiring an additional 38,905 shares during the last quarter. Northern Trust Corp increased its stake in shares of Extreme Networks by 0.8% in the 1st quarter. Northern Trust Corp now owns 1,494,018 shares of the technology company’s stock valued at $19,766,000 after acquiring an additional 11,905 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Extreme Networks by 18.3% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 822,706 shares of the technology company’s stock valued at $14,768,000 after acquiring an additional 126,972 shares during the period. Institutional investors own 91.05% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Extreme Networks from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Rosenblatt Securities reiterated a “buy” rating and issued a $25.00 target price on shares of Extreme Networks in a report on Tuesday, November 11th. Weiss Ratings raised shares of Extreme Networks from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Friday. UBS Group boosted their price target on shares of Extreme Networks from $15.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. Finally, Bank of America initiated coverage on Extreme Networks in a research note on Wednesday. They set a “buy” rating and a $24.00 price objective on the stock. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $23.83.

Insider Activity

In other news, CFO Kevin R. Rhodes sold 14,000 shares of the business’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $21.52, for a total value of $301,280.00. Following the sale, the chief financial officer directly owned 126,202 shares in the company, valued at $2,715,867.04. The trade was a 9.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Raj Khanna sold 15,000 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $19.91, for a total value of $298,650.00. Following the transaction, the director directly owned 216,708 shares of the company’s stock, valued at $4,314,656.28. This represents a 6.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 43,000 shares of company stock worth $901,210 in the last three months. Company insiders own 3.60% of the company’s stock.

Extreme Networks Stock Performance

Shares of EXTR opened at $16.73 on Wednesday. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.74 and a current ratio of 0.91. Extreme Networks, Inc. has a twelve month low of $10.10 and a twelve month high of $22.89. The firm’s 50 day moving average price is $20.09 and its two-hundred day moving average price is $18.69. The firm has a market cap of $2.24 billion, a P/E ratio of 239.00, a PEG ratio of 1.89 and a beta of 1.82.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings data on Wednesday, October 29th. The technology company reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. Extreme Networks had a net margin of 0.73% and a return on equity of 81.83%. The company had revenue of $310.25 million during the quarter, compared to the consensus estimate of $295.72 million. During the same quarter in the prior year, the firm earned $0.17 earnings per share. The firm’s revenue 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. On average, analysts forecast that Extreme Networks, Inc. will post 0.31 EPS for the current fiscal 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.