EXTR Stock Analysis: Extreme Networks | NASDAQ

Cloud Management, Wireless Access Points, Network Switches, Cybersecurity

Total Rating 49

Safety 29

Buy Signal -0.08

Communication Equipment
Industry Rotation: -27.8

Market Cap: 3.12B
Avg Turnover: 30.6M

Risk 3d forecast

Volatility45.6%

VaR 5^th Pctl7.13%

VaR vs Median-4.24%

Reward TTM

Sharpe Ratio0.48

Rel. Str. IBD49.9

Rel. Str. Peer Group58.9 pctl

Character TTM

Beta1.354

Beta Downside1.602

Hurst Exponent0.341

Choppyness39.3%

Drawdowns 3y

Max DD43.03%

CAGR/Max DD0.22

CAGR/Mean DD0.48

EPS (Earnings per Share)

EPS CAGR: 38.65%
EPS Trend: 36.9%

Last SUE: 4.00
Qual. Beats: 1

Revenue

Rev. CAGR: 3.25%
Rev. Trend: 31.4%

Last SUE: 1.13
Qual. Beats: 6

Warnings

Altman Z'' In Financial Distress Zone

Below Avwap Earnings

Tailwinds

Pead

Confidence

Seasonality 11.7 years of data

Jan -5.0% 22

Feb -0.4% 10

Mar -2.1% 17

Apr +1.9% 5

May +4.5% 14

Jun +10.5% 12

Jul +3.9% 6

Aug -2.4% 2

Sep -2.8% 32

Oct -3.0% 15

Nov +6.3% 15

Dec -0.3% 0

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: EXTR Extreme Networks

Extreme Networks (EXTR) is a global provider of network infrastructure equipment and related software, headquartered in Morrisville, North Carolina, and incorporated in 1996. The company sells wired and wireless networking hardware-including Wi-Fi 7 and prior-generation access points, switches, and WIPS solutions-alongside a suite of cloud-based management and security software such as ExtremeCloud IQ, SD-WAN, and Universal ZTNA. It serves mid-market and enterprise customers as well as service providers across the Americas, Europe, the Middle East, Africa, and Asia-Pacific, distributing through OEMs, distributors, resellers, and a direct field sales force, while also generating recurring revenue through subscription-based cloud services and customer success support.

The company operates within the Communications Equipment segment of the Information Technology sector, a competitive space that includes established peers such as Cisco, HPE Aruba, and Juniper. Its business model reflects the broader industry shift from purely hardware sales toward subscription-driven, cloud-managed networking and software-defined services, which has become a key differentiator among enterprise networking vendors.

Headlines to Watch Out For

Wi-Fi 7 refresh cycle boosts enterprise networking revenue
Cloud subscription growth lifts software mix and gross margins
Cisco and Arista competition pressures enterprise switching pricing

Piotroski VR-10 (Strict) 5.5

Net Income: 52.5m TTM > 0 and > 6% of Revenue
FCF/TA: 0.09 > 0.02 and ΔFCF/TA 1.03 > 1.0
NWC/Revenue: 0.93% < 20% (prev -4.37%; Δ 5.30% < -1%)
CFO/TA 0.14 > 3% & CFO 182.6m > Net Income 52.5m
Net Debt (11.9m) to EBITDA (95.9m): 0.12 < 3
Current Ratio: 1.02 > 1.5 & < 3
Outstanding Shares: last quarter (134.7m) vs 12m ago -0.29% < -2%
Gross Margin: 61.85% > 18% (prev 61.61%; Δ 0.25% > 0.5%)
Asset Turnover: 107.1% > 50% (prev 102.4%; Δ 4.64% > 0%)
Interest Coverage Ratio: 5.02 > 6 (EBIT TTM 77.0m / Interest Expense TTM 15.3m)

Altman Z'' -1.67

A: 0.01 (Total Current Assets 670.9m - Total Current Liabilities 658.8m) / Total Assets 1.30b
B: -0.68 (Retained Earnings -891.3m / Total Assets 1.30b)
C: 0.06 (EBIT TTM 77.0m / Avg Total Assets 1.23b)
D: 0.07 (Book Value of Equity 88.0m / Total Liabilities 1.21b)
Altman-Z'' = -1.67 = D

Beneish M -3.00

DSRI: 1.03 (Receivables 167.7m/145.8m, Revenue 1.31b/1.18b)
GMI: 1.00 (GM 61.61% / 61.85%)
AQI: 0.89 (AQ_t 0.42 / AQ_t-1 0.47)
SGI: 1.11 (Revenue 1.31b / 1.18b)
TATA: -0.10 (NI 52.5m - CFO 182.6m) / TA 1.30b)
Beneish M = -3.00 (Cap -4..+1) = A

What is the price of EXTR shares?

As of November 04, 2026, the stock is trading at USD 22.29 with a total of 1,644,594 shares traded. Over the past week, the price has changed by -1.81%, over one month by -3.59%, over three months by -25.65% and over the past year by +18.69%.

Current recommended Stop Loss: 20.40 (which is 8.5% or 1.7 ATR below the current price).

Is EXTR a buy, sell or hold?

Extreme Networks has received a consensus analysts rating of 4.63. Therefore, it is recommended to buy EXTR.

StrongBuy: 6
Buy: 1
Hold: 1
Sell: 0
StrongSell: 0

What are the forecasts/targets for the EXTR price?

Analysts Target Price	33.6	50.9%

Extreme Networks (EXTR) - Fundamental Data Overview as of 31 October 2026

Market Cap USD = 3.12b (3.12b USD * 1.0 USD.USD)
P/E Trailing = 62.079
P/E Forward = 18.1159
P/S = 2.5098
P/B = 36.7538
P/EG = 0.9059
Revenue TTM = 1.31b USD
EBIT TTM = 77.0m USD
EBITDA TTM = 95.9m USD
Long Term Debt = 200.0m USD (from longTermDebt, last quarter)
Short Term Debt = 9.95m USD (from shortTermDebt, last quarter)
Debt = 256.4m USD (from shortLongTermDebtTotal, last quarter) + Leases 28.2m
Net Debt = 11.9m USD (calculated: Debt 256.4m - CCE 244.5m)
Enterprise Value = 3.13b USD (3.12b + Debt 256.4m - CCE 244.5m)
Interest Coverage Ratio = 5.02 (Ebit TTM 77.0m / Interest Expense TTM 15.3m)
EV/FCF = 25.99x (Enterprise Value 3.13b / FCF TTM 120.5m)
FCF Yield = 3.85% (FCF TTM 120.5m / Enterprise Value 3.13b)
FCF Margin = 9.17% (FCF TTM 120.5m / Revenue TTM 1.31b)
Net Margin = 3.99% (Net Income TTM 52.5m / Revenue TTM 1.31b)
Gross Margin = 61.85% ((Revenue TTM 1.31b - Cost of Revenue TTM 501.4m) / Revenue TTM)
Gross Margin QoQ = 62.13% (prev 62.17%)
Tobins Q-Ratio = 2.40 (Enterprise Value 3.13b / Total Assets 1.30b)
Interest Expense / Debt = 5.98% (Interest Expense 15.3m / Debt 256.4m)
Taxrate = 14.75% (9.08m / 61.6m)
NOPAT = 65.7m (EBIT 77.0m * (1 - 14.75%))
Current Ratio = 1.02 (Total Current Assets 670.9m / Total Current Liabilities 658.8m)
Debt / Equity = 2.91 (Debt 256.4m / totalStockholderEquity, last quarter 88.0m)
Debt / EBITDA = 0.12 (Net Debt 11.9m / EBITDA 95.9m)
Debt / FCF = 0.10 (Net Debt 11.9m / FCF TTM 120.5m)
Total Stockholder Equity = 87.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 4.28% (Net Income 52.5m / Total Assets 1.30b)
RoE = 59.74% (Net Income TTM 52.5m / Total Stockholder Equity 87.9m)
RoCE = 26.76% (EBIT 77.0m / Capital Employed (Equity 87.9m + L.T.Debt 200.0m))
RoIC = 11.18% (NOPAT 65.7m / Invested Capital 587.5m)
WACC = 9.80% (E(3.12b)/V(3.38b) * Re(10.19%) + D(256.4m)/V(3.38b) * Rd(5.98%) * (1-Tc(0.15)))
Discount Rate = 10.19% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 22.16 | Cagr: 1.55%
[DCF] Terminal Value 73.41% ; FCFF base≈110.2m ; Y1≈126.3m ; Y5≈185.9m
[DCF] Fair Price = 16.75 (EV 2.23b - Net Debt 11.9m = Equity 2.21b / Shares 132.2m; r=9.80% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 36.86 | EPS CAGR: 38.65% | SUE: 4.0 | # QB: 1
Revenue Correlation: 31.45 | Revenue CAGR: 3.25% | SUE: 1.13 | # QB: 6
EPS current Quarter (2026-12-31): EPS=0.33 | Chg30d=+2.08% | Revisions=+57% | Analysts=8
EPS next Quarter (2027-03-31): EPS=0.33 | Chg30d=+1.15% | Revisions=+22% | Analysts=8
EPS current Year (2027-06-30): EPS=1.37 | Chg30d=+4.55% | Revisions=+10% | GrowthEPS=+29.1% | GrowthRev=+9.7%
EPS next Year (2028-06-30): EPS=1.56 | Chg30d=+2.87% | Revisions=+40% | GrowthEPS=+14.3% | GrowthRev=+9.7%
[Analyst] Revisions Ratio: +41% (up=14, down=5)