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Vanguard cut its Extreme Networks stake; company posted strong Q1 earnings and raised 2026 outlook.
Vanguard reduced its stake in Extreme Networks by 99,206 shares, now holding 18.76 million shares valued at $387.46 million.
The company reported strong Q1 2026 earnings, with $0.26 EPS and $317.93 million in revenue, up 13.8% year-over-year.
It raised full-year 2026 EPS guidance to $0.980–1.020.
CEO Michael Broussard sold 50,000 shares on February 2 at $14.91.
The stock trades at $14.05 with a market cap of $1.89 billion and a P/E ratio of 200.74.
Analysts rate it a "Moderate Buy" with a $22.67 target.
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Vanguard recortó su participación en Extreme Networks; la compañía registró fuertes ganancias del primer trimestre y elevó las perspectivas para 2026.