Extreme Networks director Raj Khanna sells $363,001 in stock By Investing.com

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. The stock currently trades at $24.41, reflecting a remarkable 69% surge over the past six months, according to InvestingPro data.

The sale was conducted pursuant to a pre-arranged 10b5-1 trading plan, which was established on September 2, 2025. Following this transaction, Mr. Khanna indirectly holds 195,062 shares of Extreme Networks common stock. InvestingPro analysis indicates the stock remains slightly undervalued relative to its Fair Value, placing it among opportunities on the Most Undervalued list. Investors seeking deeper insights can access the comprehensive Pro Research Report, available for EXTR and 1,400+ other US equities. These shares are held in The Khanna 2002 Revocable Trust, where Raj Khanna and Madhu Khanna serve as trustees.

The Form 4 filing detailing these transactions was submitted to the Securities and Exchange Commission on August 11, 2026.

In other recent news, Extreme Networks 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, exceeding the anticipated $0.29 per share, and revenue of $338.6 million, above the forecasted $332.5 million. Despite these 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 gross margin improved to 62.7% during the quarter, attributed to effective pricing strategies and supply-chain management. Notably, their AI-powered networking platform, Platform One, accounted for nearly half of the subscription bookings in the fourth quarter. The company also highlighted strong operating momentum, with nine consecutive quarters of sequential product revenue growth. Analysts and investors are keeping an eye on the company’s growth trajectory as it moves forward.

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