(EXTR) Extreme Networks - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US30226D1063

Cloud Management, Switches, Access Points, SD-WAN, Zero-Trust

Communications Equipment
Market Cap in USD: 2,089m

IPO / Inception: 1999-04-09
12m vs SPY: -22.1%

EPS (Earnings per Share)

EPS CAGR: -16.85%
EPS Trend: -48.2%

Last SUE: -2.24
Qual. Beats: 0

Revenue

Rev. CAGR: 2.68%
Rev. Trend: -11.8%

Last SUE: 4.00
Qual. Beats: 2

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	44.0%
Value at Risk 5%th	63.8%
Relative Tail Risk	-11.80%

Reward TTM
Sharpe Ratio	-0.02
Alpha	-32.38
CAGR/Max DD	-0.07

Character TTM
Hurst Exponent	0.494
Beta	1.489
Beta Downside	1.637

Drawdowns 3y
Max DD	67.21%
Mean DD	40.75%
Median DD	47.57%

Description: EXTR Extreme Networks January 13, 2026

Extreme Networks (NASDAQ:EXTR) designs, manufactures, and sells networking hardware and software across the Americas, EMEA, and APAC, targeting mid-market to enterprise customers and service providers in sectors such as sports venues, hospitality, education, and healthcare.

Its flagship cloud-managed portfolio includes ExtremeCloud IQ (AI-driven wired and wireless management), ExtremeCloud IQ-Site Engine (automation and multi-vendor orchestration), and ExtremeCloud IQ Essentials (wireless intrusion prevention, location services, and guest access). Complementary offerings span Extreme Switching (edge, campus, and data-center Ethernet with PoE), ExtremeCloud SD-WAN (subscription-based hardware-plus-service), and ExtremeCloud Universal ZTNA (zero-trust network access). The company distributes via OEMs, strategic partners, distributors, resellers, and a direct field-sales force.

In FY 2023, Extreme Networks reported $1.7 billion in revenue, a 5% YoY increase, and a gross margin of ~41%, reflecting steady demand for AI-enabled network automation amid enterprise cloud migration. Key sector drivers include rising capex on digital transformation, the rollout of 5G and edge computing, and heightened security requirements that favor subscription-based SD-WAN and ZTNA solutions. *Assumption*: FY 2024 growth will track the 4-6% industry average unless macro-economic headwinds intensify. For a deeper dive into EXTR’s valuation metrics, consider checking ValueRay’s analyst notes.

Piotroski VR‑10 (Strict, 0-10) 5.0

Net Income (9.52m TTM) > 0 and > 6% of Revenue (6% = 70.9m TTM)

FCFTA 0.08 (>2.0%) and ΔFCFTA 10.33pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -4.37% (prev -4.80%; Δ 0.43pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.10 (>3.0%) and CFO 119.4m > Net Income 9.52m (YES >=105%, WARN >=100%)

Net Debt (33.4m) to EBITDA (68.2m) ratio: 0.49 <= 3.0 (WARN <= 3.5)

Current Ratio 0.91 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (135.1m) change vs 12m ago 2.97% (target <= -2.0% for YES)

Gross Margin 60.67% (prev 56.36%; Δ 4.31pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 106.9% (prev 97.80%; Δ 9.11pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 0.81 (EBITDA TTM 68.2m / Interest Expense TTM 40.0m) >= 6 (WARN >= 3)

Altman Z'' -3.69

(A) -0.04 = (Total Current Assets 525.9m - Total Current Liabilities 577.5m) / Total Assets 1.15b

(B) -0.82 = Retained Earnings (Balance) -943.8m / Total Assets 1.15b

(D) -0.88 = Book Value of Equity -953.2m / Total Liabilities 1.08b

Total Rating: -3.69 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 52.81

1. Piotroski 5.0pt

2. FCF Yield 4.47%

3. FCF Margin 8.03%

4. Debt/Equity 3.54

5. Debt/Ebitda 0.49

6. ROIC - WACC (= -0.14)%

7. RoE 14.81%

8. Rev. Trend -11.76%

9. EPS Trend -48.23%

What is the price of EXTR shares?

As of January 16, 2026, the stock is trading at USD 16.06 with a total of 1,087,483 shares traded.
Over the past week, the price has changed by +1.51%, over one month by -4.91%, over three months by -21.40% and over the past year by -8.00%.

Is EXTR a buy, sell or hold?

Extreme Networks has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy EXTR.

Strong Buy: 3
Buy: 1
Hold: 3
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the EXTR price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	24.3	51%
Analysts Target Price	24.3	51%
ValueRay Target Price	14.1	-12%

EXTR Fundamental Data Overview January 13, 2026

P/E Trailing = 260.3333
P/E Forward = 15.5763
P/S = 1.7684
P/B = 30.4637
P/EG = 0.8648
Revenue TTM = 1.18b USD
EBIT TTM = 32.2m USD
EBITDA TTM = 68.2m USD
Long Term Debt = 158.9m USD (from longTermDebt, last quarter)
Short Term Debt = 52.1m USD (from shortTermDebt, last quarter)
Debt = 242.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 33.4m USD (from netDebt column, last quarter)
Enterprise Value = 2.12b USD (2.09b + Debt 242.4m - CCE 209.0m)
Interest Coverage Ratio = 0.81 (Ebit TTM 32.2m / Interest Expense TTM 40.0m)
EV/FCF = 22.39x (Enterprise Value 2.12b / FCF TTM 94.8m)
FCF Yield = 4.47% (FCF TTM 94.8m / Enterprise Value 2.12b)
FCF Margin = 8.03% (FCF TTM 94.8m / Revenue TTM 1.18b)
Net Margin = 0.81% (Net Income TTM 9.52m / Revenue TTM 1.18b)
Gross Margin = 60.67% ((Revenue TTM 1.18b - Cost of Revenue TTM 464.5m) / Revenue TTM)
Gross Margin QoQ = 60.61% (prev 60.38%)
Tobins Q-Ratio = 1.84 (Enterprise Value 2.12b / Total Assets 1.15b)
Interest Expense / Debt = 1.51% (Interest Expense 3.65m / Debt 242.4m)
Taxrate = 21.0% (US default 21%)
NOPAT = 25.4m (EBIT 32.2m * (1 - 21.00%))
Current Ratio = 0.91 (Total Current Assets 525.9m / Total Current Liabilities 577.5m)
Debt / Equity = 3.54 (Debt 242.4m / totalStockholderEquity, last quarter 68.6m)
Debt / EBITDA = 0.49 (Net Debt 33.4m / EBITDA 68.2m)
Debt / FCF = 0.35 (Net Debt 33.4m / FCF TTM 94.8m)
Total Stockholder Equity = 64.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.86% (Net Income 9.52m / Total Assets 1.15b)
RoE = 14.81% (Net Income TTM 9.52m / Total Stockholder Equity 64.3m)
RoCE = 14.42% (EBIT 32.2m / Capital Employed (Equity 64.3m + L.T.Debt 158.9m))
RoIC = 10.20% (NOPAT 25.4m / Invested Capital 249.4m)
WACC = 10.34% (E(2.09b)/V(2.33b) * Re(11.40%) + D(242.4m)/V(2.33b) * Rd(1.51%) * (1-Tc(0.21)))
Discount Rate = 11.40% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 1.34%
[DCF Debug] Terminal Value 69.40% ; FCFF base≈94.8m ; Y1≈91.8m ; Y5≈91.1m
Fair Price DCF = 8.05 (EV 1.11b - Net Debt 33.4m = Equity 1.08b / Shares 133.7m; r=10.34% [WACC]; 5y FCF grow -4.37% → 2.90% )
EPS Correlation: -48.23 | EPS CAGR: -16.85% | SUE: -2.24 | # QB: 0
Revenue Correlation: -11.76 | Revenue CAGR: 2.68% | SUE: 4.0 | # QB: 2
EPS next Quarter (2026-03-31): EPS=0.24 | Chg30d=-0.012 | Revisions Net=-5 | Analysts=8
EPS current Year (2026-06-30): EPS=1.01 | Chg30d=-0.005 | Revisions Net=-3 | Growth EPS=+19.8% | Growth Revenue=+10.3%
EPS next Year (2027-06-30): EPS=1.26 | Chg30d=+0.034 | Revisions Net=+4 | Growth EPS=+25.2% | Growth Revenue=+7.3%

Additional Sources for EXTR Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle