Extreme Networks CEO Edward Meyercord Sells 50,000 Shares for ~$827,000
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 10 2026
0mins
Should l Buy EXTR?
Source: NASDAQ.COM
- Executive Sell-off: Extreme Networks CEO Edward Meyercord sold 50,000 shares for approximately $827,000, reducing his direct holdings to 1,871,418 shares, which may indicate a slight decrease in confidence regarding the company's future prospects.
- Transaction Context: This sale was executed under a pre-arranged Rule 10b5-1 trading plan, suggesting that the executive followed compliance protocols while still reducing holdings amidst a downward market trend, which does not necessarily reflect a negative outlook on the company's fundamentals.
- Financial Performance: Although the company reported a 15% year-over-year revenue increase to $310.2 million in Q1, the deceleration from 20% growth in the previous quarter raises concerns about future growth, contributing to the stock's decline.
- Investment Value: Despite challenges, Extreme Networks' price-to-sales ratio of less than 2 indicates reasonable valuation, continuing to attract investor interest, especially as the company keeps adding customers amidst these market dynamics.
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Analyst Views on EXTR
Wall Street analysts forecast EXTR stock price to rise
8 Analyst Rating
8 Buy
0 Hold
0 Sell
Strong Buy
Current: 14.140
Low
24.00
Averages
24.75
High
26.00
Current: 14.140
Low
24.00
Averages
24.75
High
26.00
About EXTR
Extreme Networks, Inc. is a provider of cloud networking solutions and industry services and support. The Company designs, develops, and manufactures wired, wireless, and software-defined wide area-network (SD- WAN) infrastructure equipment, software and cloud-based network management solutions. Its cloud solution is a single platform that offers unified network management of wireless access points, switches, and SD-WAN. Its products and services categories include Cloud Networking Platform, Automation, Analytics, and Security Applications, Wireless LAN AP, Wired for Edge, Campus, and Data Center, SD-WAN, Cloud Native Platforms and Applications for Service Providers and Customer Service and Support. It provides service to various industries, including business, hospitality, retail, transportation and logistics, education, government, healthcare, and service providers. Its cloud networking technologies provide flexibility in deployment, management, and licensing of networks globally.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Outlook: For Q3, Extreme Networks projects adjusted EPS between $0.23 and $0.25, with a midpoint of $0.24 slightly below the $0.25 consensus, yet revenue expectations of $311.5 million exceed the $310 million consensus, indicating robust growth potential.
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- SaaS ARR Growth: The SaaS annual recurring revenue reached $226.8 million, up 25.2% year-over-year and 4.9% quarter-over-quarter, highlighting rapid expansion in cloud services and future growth potential.
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