(EXTR) Extreme Networks - Overview
Sector: Technology | Industry: Communication Equipment | Exchange: NASDAQ (USA) | Market Cap: 2.978m USD | Total Return: 51.7% in 12m
Network Switches, Wireless Access Points, Cloud Management, SD-WAN
Total Rating 52
Safety 35
Buy Signal 0.98
Communication Equipment
Industry Rotation: +0.0
Industry Rotation: +0.0
Market Cap:
2.98B
Avg Turnover: 64.8M
Avg Turnover: 64.8M
Risk 3d forecast
Volatility45.1%
VaR 5th Pctl7.04%
VaR vs Median-6.47%
Reward TTM
Sharpe Ratio0.99
Rel. Str. IBD88.7
Rel. Str. Peer Group54.4
Character TTM
Beta1.620
Beta Downside1.627
Hurst Exponent0.389
Drawdowns 3y
Max DD67.21%
CAGR/Max DD0.15
CAGR/Mean DD0.22
EPS (Earnings per Share)
EPS CAGR: 15.80%
EPS Trend: -20.3%
EPS Trend: -20.3%
Last SUE: 0.14
Qual. Beats: 0
Qual. Beats: 0
Revenue
Rev. CAGR: 3.53%
Rev. Trend: -6.0%
Rev. Trend: -6.0%
Last SUE: 1.35
Qual. Beats: 4
Qual. Beats: 4
Warnings
P/E ratio 189.8
Altman Z'' -3.52 < 1.0 - financial distress zone
Tailwinds
Supp Ema20, Confidence
Description: EXTR Extreme Networks
Extreme Networks, Inc. (EXTR) designs and markets cloud-driven network infrastructure equipment and software. Its product portfolio includes AI-powered management platforms, wireless LAN access points, and hardware switches for campus and data center environments. The company operates within the Communications Equipment sector, where businesses increasingly transition from hardware-centric sales to recurring software-as-a-service (SaaS) and subscription models.
The company utilizes a multi-channel distribution strategy involving original equipment manufacturers, distributors, and direct field sales to reach enterprise and mid-market clients. Its technology serves diverse industries such as healthcare, education, and manufacturing, providing software-defined wide area networks (SD-WAN) and Zero Trust Network Access (ZTNA) security solutions. Investors may find it useful to review the quantitative performance metrics available on ValueRay to further evaluate the companys valuation.
Founded in 1996 and based in North Carolina, Extreme Networks focuses on integrating machine learning and automation into network visibility tools. This approach addresses the growing demand for edge-to-cloud connectivity and granular real-time analytics in complex corporate infrastructures.
- Transition from hardware sales to high-margin recurring cloud subscription revenue
- Enterprise IT spending levels influence demand for campus and data center networking
- Supply chain stabilization and inventory normalization impact short-term revenue realization
- Competitive pressure from Cisco and HPE-Juniper merger affects market share acquisition
- AI-driven network management adoption accelerates software-as-a-service growth and operating margins
Piotroski VR‑10 (Strict)
6.5
| Net Income: 16.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA 6.05 > 1.0 |
| NWC/Revenue: -4.11% < 20% (prev -3.25%; Δ -0.87% < -1%) |
| CFO/TA 0.11 > 3% & CFO 132.3m > Net Income 16.3m |
| Net Debt (25.6m) to EBITDA (63.4m): 0.40 < 3 |
| Current Ratio: 0.91 > 1.5 & < 3 |
| Outstanding Shares: last quarter (133.6m) vs 12m ago -0.74% < -2% |
| Gross Margin: 61.29% > 18% (prev 0.58%; Δ 6.07k% > 0.5%) |
| Asset Turnover: 111.6% > 50% (prev 101.6%; Δ 10.08% > 0%) |
| Interest Coverage Ratio: 3.10 > 6 (EBITDA TTM 63.4m / Interest Expense TTM 13.8m) |
Altman Z''
-3.52
| A: -0.04 (Total Current Assets 541.8m - Total Current Liabilities 593.3m) / Total Assets 1.17b |
| B: -0.79 (Retained Earnings -925.4m / Total Assets 1.17b) |
| C: 0.04 (EBIT TTM 42.8m / Avg Total Assets 1.12b) |
| D: -0.86 (Book Value of Equity -940.9m / Total Liabilities 1.09b) |
| Altman-Z'' Score: -3.52 = D |
Beneish M
-2.74
| DSRI: 1.42 (Receivables 162.7m/99.5m, Revenue 1.25b/1.09b) |
| GMI: 0.95 (GM 61.29% / 58.19%) |
| AQI: 0.96 (AQ_t 0.46 / AQ_t-1 0.48) |
| SGI: 1.15 (Revenue 1.25b / 1.09b) |
| TATA: -0.10 (NI 16.3m - CFO 132.3m) / TA 1.17b) |
| Beneish M-Score: -2.74 (Cap -4..+1) = A |
What is the price of EXTR shares?
As of May 18, 2026, the stock is trading at USD 24.66 with a total of 2,511,993 shares traded.
Over the past week, the price has changed by +2.58%, over one month by +37.08%, over three months by +73.66% and over the past year by +51.66%.
Over the past week, the price has changed by +2.58%, over one month by +37.08%, over three months by +73.66% and over the past year by +51.66%.
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.
- StrongBuy: 3
- Buy: 1
- Hold: 3
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the EXTR price?
| Analysts Target Price | 26.1 | 5.7% |
Extreme Networks (EXTR) - Fundamental Data Overview
as of 15 May 2026
P/E Trailing = 189.75 P/E Forward = 17.7936
P/S = 2.3784
P/B = 39.8139
P/EG = 0.8904
Revenue TTM = 1.25b USD
EBIT TTM = 42.8m USD
EBITDA TTM = 63.4m USD
Long Term Debt = 149.2m USD (from longTermDebt, last quarter)
Short Term Debt = 60.3m USD (from shortTermDebt, last quarter)
Debt = 235.7m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 25.6m USD (from netDebt column, last quarter)
Enterprise Value = 3.00b USD (2.98b + Debt 235.7m - CCE 210.1m)
Interest Coverage Ratio = 3.10 (Ebit TTM 42.8m / Interest Expense TTM 13.8m)
EV/FCF = 21.52x (Enterprise Value 3.00b / FCF TTM 139.5m)
FCF Yield = 4.65% (FCF TTM 139.5m / Enterprise Value 3.00b)
FCF Margin = 11.15% (FCF TTM 139.5m / Revenue TTM 1.25b)
Net Margin = 1.30% (Net Income TTM 16.3m / Revenue TTM 1.25b)
Gross Margin = 61.29% ((Revenue TTM 1.25b - Cost of Revenue TTM 484.7m) / Revenue TTM)
Gross Margin QoQ = 61.58% (prev 61.36%)
Tobins Q-Ratio = 2.57 (Enterprise Value 3.00b / Total Assets 1.17b)
Interest Expense / Debt = 1.38% (Interest Expense 3.25m / Debt 235.7m)
Taxrate = 28.50% (4.22m / 14.8m)
NOPAT = 30.6m (EBIT 42.8m * (1 - 28.50%))
Current Ratio = 0.91 (Total Current Assets 541.8m / Total Current Liabilities 593.3m)
Debt / Equity = 2.99 (Debt 235.7m / totalStockholderEquity, last quarter 79.0m)
Debt / EBITDA = 0.40 (Net Debt 25.6m / EBITDA 63.4m)
Debt / FCF = 0.18 (Net Debt 25.6m / FCF TTM 139.5m)
Total Stockholder Equity = 77.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.45% (Net Income 16.3m / Total Assets 1.17b)
RoE = 21.07% (Net Income TTM 16.3m / Total Stockholder Equity 77.3m)
RoCE = 18.89% (EBIT 42.8m / Capital Employed (Equity 77.3m + L.T.Debt 149.2m))
RoIC = 11.60% (NOPAT 30.6m / Invested Capital 263.7m)
WACC = 10.90% (E(2.98b)/V(3.21b) * Re(11.68%) + D(235.7m)/V(3.21b) * Rd(1.38%) * (1-Tc(0.28)))
Discount Rate = 11.68% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 60.0 | Cagr: 0.70%
[DCF] Terminal Value 58.78% ; FCFF base≈108.9m ; Y1≈71.5m ; Y5≈32.7m
[DCF] Fair Price = 3.11 (EV 432.8m - Net Debt 25.6m = Equity 407.2m / Shares 130.8m; r=10.90% [WACC]; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: -20.30 | EPS CAGR: 15.80% | SUE: 0.14 | # QB: 0
Revenue Correlation: -5.99 | Revenue CAGR: 3.53% | SUE: 1.35 | # QB: 4
EPS next Quarter (2026-09-30): EPS=0.28 | Chg30d=-0.21% | Revisions=+11% | Analysts=6
EPS current Year (2026-06-30): EPS=1.03 | Chg30d=+3.35% | Revisions=+64% | GrowthEPS=+22.9% | GrowthRev=+12.1%
EPS next Year (2027-06-30): EPS=1.30 | Chg30d=+1.79% | Revisions=+40% | GrowthEPS=+26.1% | GrowthRev=+8.5%
[Analyst] Revisions Ratio: +64%