EXTR Stock Analysis: Extreme Networks | NASDAQ
Communication Equipment | NASDAQ, USA | Market Cap: 3.084m USD | 12M Return: 18.1% | US30226D1063 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 35.3M
EPS Trend: 13.6%
Qual. Beats: 0
Rev. Trend: -9.6%
Qual. Beats: 5
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
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.
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.
- 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
| Net Income: 42.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -5.87 > 1.0 |
| NWC/Revenue: -3.34% < 20% (prev -4.61%; Δ 1.27% < -1%) |
| CFO/TA 0.10 > 3% & CFO 123.2m > Net Income 42.1m |
| Net Debt (13.7m) to EBITDA (80.0m): 0.17 < 3 |
| Current Ratio: 0.93 > 1.5 & < 3 |
| Outstanding Shares: last quarter (128.9m) vs 12m ago -2.96% < -2% |
| Gross Margin: 61.48% > 18% (prev 62.20%; Δ -0.72% > 0.5%) |
| Asset Turnover: 110.1% > 50% (prev 98.86%; Δ 11.27% > 0%) |
| Interest Coverage Ratio: 4.74 > 6 (EBIT TTM 65.4m / Interest Expense TTM 13.8m) |
| A: -0.04 (Total Current Assets 549.8m - Total Current Liabilities 592.7m) / Total Assets 1.18b |
| B: -0.77 (Retained Earnings -907.3m / Total Assets 1.18b) |
| C: 0.06 (EBIT TTM 65.4m / Avg Total Assets 1.17b) |
| D: 0.08 (Book Value of Equity 88.6m / Total Liabilities 1.09b) |
| Altman-Z'' = -2.29 = D |
| DSRI: 1.15 (Receivables 164.6m/126.7m, Revenue 1.28b/1.14b) |
| GMI: 1.01 (GM 62.20% / 61.48%) |
| AQI: 1.00 (AQ_t 0.46 / AQ_t-1 0.46) |
| SGI: 1.13 (Revenue 1.28b / 1.14b) |
| TATA: -0.07 (NI 42.1m - CFO 123.2m) / TA 1.18b) |
| Beneish M = -2.81 (Cap -4..+1) = A |
As of October 13, 2026, the stock is trading at USD 23.55 with a total of 1,111,511 shares traded. Over the past week, the price has changed by +0.94%, over one month by +8.88%, over three months by -28.44% and over the past year by +18.10%.
Current recommended Stop Loss: 22.20 (which is 5.7% or 1.5 ATR below the current price).
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
| Analysts Target Price | 33.5 | 42.3% |
P/E Trailing = 75.2581
P/E Forward = 16.2075
P/S = 2.4023
P/B = 32.8674
P/EG = 0.8099
Revenue TTM = 1.28b USD
EBIT TTM = 65.4m USD
EBITDA TTM = 80.0m USD
Long Term Debt = 144.4m USD (from longTermDebt, last quarter)
Short Term Debt = 30.7m USD (from shortTermDebt, last quarter)
Debt = 225.4m USD (from shortLongTermDebtTotal, last quarter) + Leases 30.8m
Net Debt = 13.7m USD (calculated: Debt 225.4m - CCE 211.8m)
Enterprise Value = 3.10b USD (3.08b + Debt 225.4m - CCE 211.8m)
Interest Coverage Ratio = 4.74 (Ebit TTM 65.4m / Interest Expense TTM 13.8m)
EV/FCF = 50.81x (Enterprise Value 3.10b / FCF TTM 61.0m)
FCF Yield = 1.97% (FCF TTM 61.0m / Enterprise Value 3.10b)
FCF Margin = 4.75% (FCF TTM 61.0m / Revenue TTM 1.28b)
Net Margin = 3.28% (Net Income TTM 42.1m / Revenue TTM 1.28b)
Gross Margin = 61.48% ((Revenue TTM 1.28b - Cost of Revenue TTM 494.5m) / Revenue TTM)
Gross Margin QoQ = 62.17% (prev 61.71%)
Tobins Q-Ratio = 2.63 (Enterprise Value 3.10b / Total Assets 1.18b)
Interest Expense / Debt = 6.11% (Interest Expense 13.8m / Debt 225.4m)
Taxrate = 18.17% (9.36m / 51.5m)
NOPAT = 53.5m (EBIT 65.4m * (1 - 18.17%))
Current Ratio = 0.93 (Total Current Assets 549.8m / Total Current Liabilities 592.7m)
Debt / Equity = 2.54 (Debt 225.4m / totalStockholderEquity, last quarter 88.6m)
Debt / EBITDA = 0.17 (Net Debt 13.7m / EBITDA 80.0m)
Debt / FCF = 0.22 (Net Debt 13.7m / FCF TTM 61.0m)
Total Stockholder Equity = 83.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 3.61% (Net Income 42.1m / Total Assets 1.18b)
RoE = 50.74% (Net Income TTM 42.1m / Total Stockholder Equity 83.0m)
RoCE = 28.75% (EBIT 65.4m / Capital Employed (Equity 83.0m + L.T.Debt 144.4m))
RoIC = 9.70% (NOPAT 53.5m / Invested Capital 551.7m)
WACC = 10.17% (E(3.08b)/V(3.31b) * Re(10.55%) + D(225.4m)/V(3.31b) * Rd(6.11%) * (1-Tc(0.18)))
Discount Rate = 10.55% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 32.01 | Cagr: -0.15%
[DCF] Terminal Value 66.61% ; FCFF base≈87.5m ; Y1≈76.7m ; Y5≈62.0m
[DCF] Fair Price = 5.69 (EV 766.1m - Net Debt 13.7m = Equity 752.5m / Shares 132.2m; r=10.17% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 13.58 | EPS CAGR: 13.13% | SUE: 0.36 | # QB: 0
Revenue Correlation: -9.60 | Revenue CAGR: -1.02% | SUE: 1.51 | # QB: 5
EPS current Quarter (2026-09-30): EPS=0.28 | Chg30d=-2.21% | Revisions=-44% | Analysts=8
EPS next Quarter (2026-12-31): EPS=0.32 | Chg30d=+1.96% | Revisions=+57% | Analysts=8
EPS current Year (2027-06-30): EPS=1.31 | Chg30d=-0.12% | Revisions=+10% | GrowthEPS=+23.1% | GrowthRev=+8.6%
EPS next Year (2028-06-30): EPS=1.52 | Chg30d=+3.09% | Revisions=+40% | GrowthEPS=+16.5% | GrowthRev=+9.2%
[Analyst] Revisions Ratio: +14% (up=11, down=8)