Extreme Networks, Inc. (EXTR) Stock Price & Analysis
Extreme Networks, Inc. (EXTR) closed at USD 22.04 on Thursday, October 22, 2026, down 2.22% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 22.54; the Oct 22, 2026 session ranged USD 21.69–22.41 on volume of 1,055,068 shares. Market capitalization is $2.91B, with a 52-week range of USD 13.48–33.73 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:25 UTC.
Also available as compact Markdown for AI agents: nexqual.com/EXTR.md
Key facts (EXTR)
- Last four reported quarters (through Jun 30, 2026): revenue $1.28B, net income $42.1M (3.3% margin), free cash flow $95.3M (SEC filings).
- Valuation: P/E 69.2x (avg 103.7x at the last 1 fiscal year-ends), EV/EBITDA 36.5x, net cash $46.8M.
- 2 of 80 tracked superinvestors hold EXTR (13F, Q2 2026): 1 new, 1 added, 0 reduced, 0 unchanged.
- Analysts: Buy (mean 2.00 on a 1–5 scale) (8 analysts), mean target USD 33.5 (range 28–38).
- Total return with dividends: 1Y +4.3% vs S&P 500 +14.9%; 5Y +125.6% vs S&P 500 +80.3%.
- Next earnings: 2026-10-28, EPS estimate USD 0.28, revenue estimate $337M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (EXTR)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.11B | $1.31B | $1.12B | $1.14B | $1.28B | $1.28B |
| Gross profit | $630M | $755M | $631M | $709M | $789M | — |
| Operating income | $64.2M | $108M | -$65.2M | $16.9M | $62.7M | $62.7M |
| Net income | $44.3M | $78.1M | -$86.0M | -$7.5M | $42.1M | $42.1M |
| EPS (diluted) | $0.33 | $0.58 | -$0.66 | -$0.06 | $0.31 | — |
| Free cash flow | $113M | $235M | $37.4M | $127M | $95.2M | $95.3M |
| Gross margin | 56.6% | 57.5% | 56.5% | 62.2% | 61.5% | — |
| Operating margin | 5.8% | 8.3% | -5.8% | 1.5% | 4.9% | 4.9% |
| Net margin | 4.0% | 5.9% | -7.7% | -0.7% | 3.3% | 3.3% |
| Revenue growth | +10.2% | +18.0% | -14.9% | +2.0% | +12.6% | — |
| Cash + short-term investments | $195M | $235M | $157M | $232M | $212M | — |
| Total debt | $309M | $225M | $190M | $180M | $165M | — |
Fiscal years end Jun. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (EXTR)
P/E 69.2x · P/S 2.3x · EV/EBITDA 36.5x · EV/Sales 2.2x · P/FCF 30.6x · P/B 32.9x · FCF yield 3.27% · Earnings yield 1.45% · Buyback yield (TTM) 2.99% · Net cash $46.8M · EV $2.87B
P/E at fiscal year-ends: Jun 2026 103.7x.
Superinvestors (SEC 13F-HR, Q2 2026) (EXTR)
2 of 80 tracked investors hold EXTR. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | 0.03% | $18.9M | Added +66.8% |
| Lee Ainslie | Maverick Capital | <0.01% | $466K | New position |
Analysts (EXTR)
Consensus Buy (mean 2.00 on a 1–5 scale), 8 analysts; mean target USD 33.5 (low 28, high 38).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | Rosenblatt | Maintained | Buy | $38 |
| 2026-08-06 | B. Riley Securities | Target raised | Buy | $28 → $34 |
| 2026-08-06 | Rosenblatt | Target lowered | Buy | $39 → $38 |
| 2026-08-06 | Needham | Target lowered | Buy | $38 → $35 |
| 2026-08-05 | Needham | Target lowered | Buy | $38 → $35 |
| 2026-07-22 | Needham | Target raised | Buy | $26 → $38 |
Total return (dividends reinvested) (EXTR)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +4.3% | +125.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +4.3% | +17.6% |
| Volatility (annualized) | 55.1% | 49.2% |
| Max drawdown | -37.7% (Jul 2026→Sep 2026) | -66.8% (Aug 2023→Apr 2024) |
EXTR analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.28 | $0.28 | -2.2% | $336.8M | 8 |
| Next quarter (ends Dec 2026) | $0.32 | $0.32 | +2.0% | $345.0M | 8 |
| Current fiscal year (ends Jun 2027) | $1.31 | $1.31 | -0.1% | $1.39B | 8 |
| Next fiscal year (ends Jun 2028) | $1.52 | $1.47 | +3.1% | $1.52B | 7 |
Key Statistics (as of October 23, 2026 at 09:25 UTC)
| Price | USD 22.04 |
|---|---|
| Change | ▼ 2.22% (down) |
| Previous Close | USD 22.54 |
| Open | USD 22.24 |
| Day Range | USD 21.69 – 22.41 |
| 52-Week Range | USD 13.48 – 33.73 |
| Volume | 1,055,068 shares |
| Market Cap | $2.91B |
| Exchange | NMS |
Technical Analysis (EXTR)
Nexqual's technical model rates EXTR "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:25 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 46.1 (neutral) |
| vs SMA50 | Below (USD 22.53) |
| MACD | -0.15 (negative) |
Analyst Ratings (EXTR)
Wall Street analysts rate EXTR "Buy" based on 8 analysts, with a mean price target of USD 33.5 (range USD 28–38), per Nexqual as of October 23, 2026 at 09:25 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 8 |
| Mean Target | USD 33.5 |
| High Target | USD 38 |
| Low Target | USD 28 |
| Buy / Hold / Sell | 7 / 1 / 0 |
Earnings (EXTR)
| Next Earnings Date | 2026-10-28 |
|---|---|
| EPS Estimate | USD 0.28 |
| Revenue Estimate | $336.76M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.32 vs est 0.29 ▲ beat |
| 2026-03-31 | USD 0.26 vs est 0.24 ▲ beat |
| 2025-12-31 | USD 0.26 vs est 0.24 ▲ beat |
| 2025-09-30 | USD 0.22 vs est 0.21 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:25 UTC.
Financials & Fundamentals (EXTR)
| Total Revenue | $1.28B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +10.30% |
| Gross Margin | +61.48% |
| Operating Margin | +6.44% |
| Profit Margin | +3.28% |
| ROE | +54.64% |
| Debt / Equity | 2.2 |
| Current Ratio | 0.93 |
| Total Cash | $211.76M |
| Total Debt | $194.57M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $95.25M (7.4% of revenue) |
Source: Nexqual, October 23, 2026 at 09:25 UTC.
Financial Health Score (EXTR)
Nexqual rates Extreme Networks, Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 09:25 UTC.
| Growth | Solid — Revenue +13% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 61%, operating 6% (last 12 months) |
| Balance Sheet | Critical — $212M cash and investments vs $165M debt (Jun 2026, SEC), net cash |
| Cash Flow | Solid — FCF $95M (last 4 quarters to Jun 2026, SEC), 7% margin |
| Efficiency | Strong — ROE 55%, ROA 3.4% |
Ownership (EXTR)
| Insider Ownership | +3.11% |
|---|---|
| Institutional Ownership | +100.84% |
| Shares Outstanding | 132.17M |
| Float | 126.32M |
| Short % of Float | +6.62% |
Source: Nexqual, October 23, 2026 at 09:25 UTC.
Leadership (EXTR)
Extreme Networks, Inc. is led by Edward B. Meyercord, President, CEO & Executive Director, per Nexqual as of October 23, 2026 at 09:25 UTC.
| President, CEO & Executive Director | Edward B. Meyercord |
|---|---|
| Executive VP of Finance & CFO | Kevin Rhodes |
| President of AI Platforms, EVP & Chief Technology Officer | Syed Nabeel Anwar Bukhari |
| Senior Vice President of Finance & Corporate Development | Stanley Kovler |
| Executive VP & Chief Marketing Officer | Monica Kumar |
Major Backers & Investors (EXTR)
Notable institutional backers of Extreme Networks, Inc. include Price (T.Rowe) Associates Inc, Paradigm Capital Management, FMR, LLC, according to Nexqual as of October 23, 2026 at 09:25 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Price (T.Rowe) Associates Inc | 4.03% |
| Paradigm Capital Management | 3.21% |
| FMR, LLC | 2.66% |
| Arrowstreet Capital, Limited Partnership | 2.54% |
| Goldman Sachs | 2.27% |
| Fidelity | 1.07% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 15.77% |
| Vanguard Group | 14.02% |
| State Street | 4.64% |
| Geode Capital | 2.58% |
Source: Nexqual, October 23, 2026 at 09:25 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| DGII | Digi International Inc. | USD 72.8 | ▼ 3.32% |
| ONDS | Ondas Inc | USD 6.02 | ▼ 3.99% |
| BDC | Belden Inc | USD 103.46 | ▼ 4.01% |
| TSAT | Telesat Corporation | USD 40.4 | ▼ 4.33% |
| AAOI | Applied Optoelectronics, Inc. | USD 68.07 | ▼ 11.96% |
| VISN | Vistance Networks, Inc. | USD 6.08 | ▼ 0.49% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:25 UTC. This page is informational and not investment advice.
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