Extreme Networks (EXTR) reported fiscal first-quarter 2027 revenue of $341.1 million, up 10% year over year, for the three months ended September 30, 2026. GAAP net income was $16.0 million, compared with $5.6 million a year earlier, while GAAP diluted earnings per share were $0.12.
The company reported SaaS ARR of $264.7 million, up 22% year over year. Extreme forecast fiscal second-quarter GAAP revenue of $345.8 million to $350.8 million and GAAP EPS of $0.19 to $0.22.
- GAAP operating margin was 6.8%, versus 3.6% a year earlier.
- Cash and cash equivalents totaled $244.5 million at September 30, 2026.
- The company repurchased $25.0 million of shares during the quarter, representing 844,131 shares.
- Full-year fiscal 2027 GAAP revenue guidance is $1.402 billion to $1.412 billion, with GAAP EPS of $0.77 to $0.83.
$EXTR Insider Trading Activity
$EXTR insiders have traded $EXTR stock on the open market 27 times in the past 6 months. Of those trades, 0 have been purchases and 27 have been sales.
Here’s a breakdown of recent trading of $EXTR stock by insiders over the last 6 months:
- EDWARD MEYERCORD (PRESIDENT AND CEO) has made 0 purchases and 11 sales selling 550,000 shares for an estimated $13,995,406.
- KATAYOUN MOTIEY (Chief Legal Admin Sust Officer) has made 0 purchases and 7 sales selling 75,161 shares for an estimated $2,172,287.
- KEVIN R RHODES (EVP Chief Financial Officer) has made 0 purchases and 3 sales selling 69,235 shares for an estimated $1,862,001.
- EDWARD H KENNEDY sold 50,000 shares for an estimated $1,142,925
- RAJ KHANNA has made 0 purchases and 4 sales selling 35,000 shares for an estimated $817,003.
- KATHLEEN M HOLMGREN sold 19,521 shares for an estimated $483,783
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$EXTR Hedge Fund Activity
We have seen 171 institutional investors add shares of $EXTR stock to their portfolio, and 153 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PRICE T ROWE ASSOCIATES INC /MD/ added 5,170,947 shares (+3350.1%) to their portfolio in Q2 2026, for an estimated $167,383,554
- VICTORY CAPITAL MANAGEMENT INC removed 3,211,321 shares (-79.1%) from their portfolio in Q2 2026, for an estimated $103,950,460
- ALYESKA INVESTMENT GROUP, L.P. removed 2,786,671 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $90,204,540
- BARROW HANLEY MEWHINNEY & STRAUSS LLC removed 2,651,244 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $85,820,768
- AMERICAN CENTURY COMPANIES INC added 2,328,319 shares (+1518.1%) to their portfolio in Q2 2026, for an estimated $75,367,686
- BOSTON PARTNERS added 1,673,962 shares (+inf%) to their portfolio in Q2 2026, for an estimated $54,186,149
- WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC removed 1,479,635 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $47,895,784
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
