EXTR Stock Analysis: Extreme Networks | NASDAQ
Communication Equipment | NASDAQ, USA | Market Cap: 3.191m USD | 12M Return: 17.2% | US30226D1063 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 51.9M
EPS Trend: 13.6%
Qual. Beats: 0
Rev. Trend: -9.6%
Qual. Beats: -1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 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, Inc. (NASDAQ: EXTR) is a global provider of network infrastructure equipment and related software, operating across the Americas, Europe, the Middle East, Africa, and Asia-Pacific. The company offers a portfolio of wired and wireless networking solutions anchored by its ExtremeCloud IQ platform, which uses ML/AI to deliver cloud-based network management, visibility, and control. Its product line includes wireless access points, Extreme Switching for campus and data center environments, ExtremeCloud SD-WAN for software-defined wide area networking, and ExtremeCloud Universal ZTNA for network access security, complemented by customer support, training, and consulting services.
The company primarily targets mid-market and enterprise customers, as well as service providers, across industries such as sports and entertainment, hospitality, retail, transportation and logistics, education, government, healthcare, and manufacturing. Extreme Networks sells through a mix of OEM partnerships, strategic relationships, distributors, resellers, and a direct field sales force. Incorporated in 1996 and headquartered in Morrisville, North Carolina, the company is classified within the Information Technology sector under the Communications Equipment sub-industry, and uses a combination of hardware sales and subscription-based services (notably for its SD-WAN and cloud management offerings) as part of its business model.
- Cloud subscription revenue scales as ExtremeCloud IQ adoption grows
- Wi-Fi 6E and 7 upgrade cycle drives access point demand
- Cisco and HPE Aruba competition pressures networking gross margins
| Net Income: 42.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 80.92 > 0.02 and ΔFCF/TA 8.08k > 1.0 |
| NWC/Revenue: -3.34% < 20% (prev -4.61%; Δ 1.27% < -1%) |
| CFO/TA 104.6 > 3% & CFO 123b > Net Income 42.1m |
| Net Debt (21.3m) to EBITDA (80.0m): 0.27 < 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: -104.6 (NI 42.1m - CFO 123b) / TA 1.18b) |
| Beneish M = -13.99 (Cap -4..+1) = AAA |
As of August 11, 2026, the stock is trading at USD 23.54 with a total of 2,177,768 shares traded. Over the past week, the price has changed by -21.48%, over one month by -30.17%, over three months by -3.17% and over the past year by +17.23%.
Current recommended Stop Loss: 21.40 (which is 9.1% or 1.2 ATR below the current price).
Extreme Networks has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy EXTR.
- StrongBuy: 3
- Buy: 1
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 30.6 | 29.8% |
P/E Trailing = 221.0909
P/E Forward = 23.9234
P/S = 2.4861
P/B = 53.5434
P/EG = 1.1974
Revenue TTM = 1.28b USD
EBIT TTM = 65.4m USD
EBITDA TTM = 80.0m USD
Long Term Debt = 149.2m USD (from longTermDebt, two quarters ago)
Short Term Debt = 30.7m USD (from shortTermDebt, last quarter)
Debt = 233.0m USD (from shortLongTermDebtTotal, last quarter) + Leases 38.4m
Net Debt = 21.3m USD (calculated: Debt 233.0m - CCE 211.8m)
Enterprise Value = 3.21b USD (3.19b + Debt 233.0m - CCE 211.8m)
Interest Coverage Ratio = 4.74 (Ebit TTM 65.4m / Interest Expense TTM 13.8m)
EV/FCF = 0.03x (Enterprise Value 3.21b / FCF TTM 95.3b)
FCF Yield = 2.97k% (FCF TTM 95.3b / Enterprise Value 3.21b)
FCF Margin = 7.42k% (FCF TTM 95.3b / 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 = 2.73 (Enterprise Value 3.21b / Total Assets 1.18b)
Interest Expense / Debt = 5.91% (Interest Expense 13.8m / Debt 233.0m)
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 = 2.63 (Debt 233.0m / totalStockholderEquity, last quarter 88.6m)
Debt / EBITDA = 0.27 (Net Debt 21.3m / EBITDA 80.0m)
Debt / FCF = 0.00 (Net Debt 21.3m / FCF TTM 95.3b)
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 = 28.15% (EBIT 65.4m / Capital Employed (Equity 83.0m + L.T.Debt 149.2m))
RoIC = 9.70% (NOPAT 53.5m / Invested Capital 551.7m)
WACC = 9.96% (E(3.19b)/V(3.42b) * Re(10.33%) + D(233.0m)/V(3.42b) * Rd(5.91%) * (1-Tc(0.18)))
Discount Rate = 10.33% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 32.01 | Cagr: -0.15%
[DCF] Terminal Value 72.95% ; FCFF base≈57.2b ; Y1≈65.6b ; Y5≈96.6b
[DCF] Fair Price = 8.63k (EV 1132b - Net Debt 21.3m = Equity 1132b / Shares 131.2m; r=9.96% [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: -4.0 | # QB: -1
EPS current Quarter (2026-09-30): EPS=0.28 | Chg30d=+0.00% | Revisions=+12% | Analysts=6
EPS next Quarter (2026-12-31): EPS=0.32 | Chg30d=+0.00% | Revisions=+25% | Analysts=6
EPS current Year (2027-06-30): EPS=1.31 | Chg30d=+0.00% | Revisions=+25% | GrowthEPS=+23.3% | GrowthRev=+8.1%
EPS next Year (2028-06-30): EPS=1.47 | Chg30d=+1.14% | Revisions=+25% | GrowthEPS=+12.9% | GrowthRev=+9.2%
[Analyst] Revisions Ratio: +36% (up=6, down=2)