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EXTR

Extreme Networks, Inc.

EXTR

NASDAQ·Technology·Communication Equipment·Mkt cap $4.1B

$29.80

-5.19%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$13.48 - $33.10

P/E

446.78

Fwd P/E

22.80

Beta

1.81

Div Yield

0.00%

Avg Vol

2.6M

Shares Out

134.3M

Mkt Cap

$4.1B

Price action

Price chart

Up 70.4% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

5 reasons

  • AI/ML-powered ExtremeCloud IQ platform with advanced visibility and automation capabilities
  • Unified wired and wireless network management across multi-vendor environments
  • High-power Universal PoE technology enabling flexible device deployment
  • Established relationships across healthcare, education, government, and enterprise verticals
  • Comprehensive end-to-end networking portfolio reducing customer complexity

Bear Case

1 risk

  • Above-average volatility (beta 1.8).

Growth

Moderate growth ahead

Increasing enterprise demand for cloud-based network management and automation

Value

Fairly valued vs Telecom Equipment peers

Momentum

Hot

+104.6% over 3m

Quality

Excellent

Excellent business quality

Dividend

None

No dividend

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Apr 28, 2026

Q2 26 RECAP

APR 29, 2026

Reported EPS of $0.26 vs $0.24 consensus (+8.3% surprise). Revenue of $316.9M vs $311.5M expected (+1.7%). Beat on both top and bottom lines.

EPS beat +8.3%
Rev beat +1.7%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+8.3%

Next: Apr 28, 2026

Revenue trend · last 8Q

-6%

+35%

+20%

+15%

+14%

Q3 24

Q4 24

Q1 24

Q2 24

Q3 25

Q4 25

Q1 25

Q2 25

$211.0M

$256.7M

$269.2M

$279.4M

$284.5M

$307.0M

$310.2M

$317.9M

Margins · last 8Q

Gross

61.4%

Operating

4.1%

Profit

2.5%

Wall Street consensus

4 analysts · 75% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

3

75%

Hold

1

25%

Sell

0%

Median Price Target

$23.75

-20.3% vs $29.80

Low $22.50
Median $23.75
High $25.00

Latest: Lake Street · Jun 15, 2026

2 analysts covering

vs Industry

How EXTR stacks vs Communication Equipment

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.