Raj Khanna, a director at Extreme Networks Inc., sold 15,000 shares of common stock on August 10, 2026. The transactions, executed at prices ranging from $24.2000 to $24.2050 per share, totaled $363,001. Following this transaction, Mr. Khanna indirectly holds 195,062 shares of Extreme Networks common stock.
Recent Performance
Extreme Networks' stock currently trades at $24.41, reflecting a 69% surge over the past six months. The company recently announced its fiscal fourth-quarter earnings and revenue results, which surpassed Wall Street’s expectations. The company reported adjusted earnings of $0.32 per share and revenue of $338.6 million, above the forecasted $332.5 million.
Outlook
Despite positive results, the stock experienced a decline as investors focused on a softer growth outlook for the upcoming year. Extreme Networks reported a 13% increase in full-year revenue to $1.28 billion and a 26% rise in adjusted earnings per share to $1.06. The company’s AI-powered networking platform, Platform One, accounted for nearly half of the subscription bookings in the fourth quarter.