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EXTR EXTREME NETWORKS INC

Last updated: May 11, 2026

Execution Consistency

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 2/4 quarters. Q2 2026: $0M, Q1 2026: $12M, Q3 2026: $1M, Q3 2025: $0M

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Execution Acceleration

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $0M vs trailing avg $4M (-100%)

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Buyback vs FCF

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Negative FCF ($-63M), buybacks not supported by cash flow

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Buyback Intensity

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 4,100,000 shares = 3.1% of 132,064,000 outstanding (annualized)

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Insider Buying

Are officers and directors buying stock with their own money on the open market?

No insider open-market purchases in the last 12 months

Insider-Buyback Convergence

Are both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

Need both buyback and insider purchase data

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Insider Net Direction

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $0M, sold $6M in the last 90 days (net selling)

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Red Flag

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 15183657.5x more than bought. 3 C-suite officers among sellers

  • MEYERCORD EDWARD (PRESIDENT AND CEO) sold 78,791 shares on 2026-05-04
  • MEYERCORD EDWARD (PRESIDENT AND CEO) sold 21,209 shares on 2026-05-05
  • MEYERCORD EDWARD (PRESIDENT AND CEO) sold 50,000 shares on 2026-05-01
  • MEYERCORD EDWARD (PRESIDENT AND CEO) sold 50,000 shares on 2026-04-01
  • MEYERCORD EDWARD (PRESIDENT AND CEO) sold 50,000 shares on 2026-03-02
  • MEYERCORD EDWARD (PRESIDENT AND CEO) sold 50,000 shares on 2026-02-02
  • MEYERCORD EDWARD (PRESIDENT AND CEO) sold 50,000 shares on 2026-01-02
  • MEYERCORD EDWARD (PRESIDENT AND CEO) sold 50,000 shares on 2025-11-28
  • RHODES KEVIN R (EVP Chief Financial Officer) sold 14,000 shares on 2025-08-28
  • MEYERCORD EDWARD (PRESIDENT AND CEO) sold 100,000 shares on 2025-08-06