Extreme Networks (NASDAQ:EXTR) Releases Earnings Results, Misses Expectations By $0.07 EPS

Extreme Networks (NASDAQ:EXTR) posted its earnings results on Wednesday. The technology company reported $0.11 earnings per share (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 Stock Performance

Extreme Networks stock traded down $0.64 on Wednesday, hitting $15.61. The company’s stock had a trading volume of 760,797 shares, compared to its average volume of 800,564. The company has a fifty day moving average price of $17.18 and a 200-day moving average price of $15.59. The firm has a market cap of $2.06 billion, a P/E ratio of -16.03, a price-to-earnings-growth ratio of 3.76 and a beta of 1.75. Extreme Networks has a one year low of $10.49 and a one year 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.

Wall Street Analysts Forecast Growth

EXTR has been the topic of several research analyst reports. Craig Hallum raised their price target on Extreme Networks from $17.00 to $22.50 and gave the company a “buy” rating in a research report on Thursday, October 31st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $21.00 price target on shares of Extreme Networks in a research report on Wednesday, November 6th. StockNews.com upgraded Extreme Networks from a “hold” rating to a “buy” rating in a report on Thursday, December 19th. Finally, B. Riley raised their price objective on shares of Extreme Networks from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.00.

Insider Buying and Selling

In related news, Director Charles Carinalli sold 5,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $16.70, for a total value of $83,500.00. Following the sale, the director now owns 366,793 shares of the company’s stock, valued at $6,125,443.10. The trade was a 1.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Edward Meyercord sold 35,725 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $14.96, for a total value of $534,446.00. Following the completion of the sale, the chief executive officer now owns 1,448,378 shares in the company, valued at $21,667,734.88. This trade represents a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,725 shares of company stock valued at $698,246 over the last quarter. Corporate insiders own 3.70% of the company’s stock.

Extreme Networks Company 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.