EXTR Stock Analysis: Extreme Networks | NASDAQ
Communication Equipment | NASDAQ, USA | Market Cap: 3.152m USD | 12M Return: 14.9% | US30226D1063 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 29.0M
EPS Trend: 38.6%
Qual. Beats: 1
Rev. Trend: 31.4%
Qual. Beats: 6
Warnings
Tailwinds
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: 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 (14.5m) to EBITDA (95.9m): 0.15 < 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) |
| 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 |
| 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 |
As of October 29, 2026, the stock is trading at USD 24.44 with a total of 3,231,425 shares traded. Over the past week, the price has changed by +8.43%, over one month by +16.38%, over three months by -18.51% and over the past year by +14.90%.
Current recommended Stop Loss: 22.20 (which is 9.2% or 2.5 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 | 37.1% |
P/E Trailing = 72.2727
P/E Forward = 16.8067
P/S = 2.4558
P/B = 33.867
P/EG = 0.8407
Revenue TTM = 1.31b USD
EBIT TTM = 77.0m USD
EBITDA TTM = 95.9m USD
Long Term Debt = 144.4m USD (from longTermDebt, last fiscal year)
Short Term Debt = 9.95m USD (from shortTermDebt, last quarter)
Debt = 259.0m USD (from shortLongTermDebtTotal, last quarter) + Leases 30.8m
Net Debt = 14.5m USD (calculated: Debt 259.0m - CCE 244.5m)
Enterprise Value = 3.17b USD (3.15b + Debt 259.0m - CCE 244.5m)
Interest Coverage Ratio = 5.02 (Ebit TTM 77.0m / Interest Expense TTM 15.3m)
EV/FCF = 26.29x (Enterprise Value 3.17b / FCF TTM 120.5m)
FCF Yield = 3.80% (FCF TTM 120.5m / Enterprise Value 3.17b)
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 = 2.43 (Enterprise Value 3.17b / Total Assets 1.30b)
Interest Expense / Debt = 5.92% (Interest Expense 15.3m / Debt 259.0m)
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 = 2.94 (Debt 259.0m / totalStockholderEquity, last quarter 88.0m)
Debt / EBITDA = 0.15 (Net Debt 14.5m / EBITDA 95.9m)
Debt / FCF = 0.12 (Net Debt 14.5m / 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 = 33.17% (EBIT 77.0m / Capital Employed (Equity 87.9m + L.T.Debt 144.4m))
RoIC = 11.18% (NOPAT 65.7m / Invested Capital 587.5m)
WACC = 9.66% (E(3.15b)/V(3.41b) * Re(10.04%) + D(259.0m)/V(3.41b) * Rd(5.92%) * (1-Tc(0.15)))
Discount Rate = 10.04% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 22.16 | Cagr: 1.55%
[DCF] Terminal Value 73.85% ; FCFF base≈110.2m ; Y1≈126.3m ; Y5≈185.9m
[DCF] Fair Price = 17.08 (EV 2.27b - Net Debt 14.5m = Equity 2.26b / Shares 132.2m; r=9.66% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 38.64 | EPS CAGR: 41.29% | 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=0.32 | Chg30d=+0.00% | Revisions=+57% | Analysts=8
EPS current Year (2027-06-30): EPS=1.31 | Chg30d=+0.00% | Revisions=+10% | GrowthEPS=+23.1% | GrowthRev=+8.6%
EPS next Year (2028-06-30): EPS=1.52 | Chg30d=+0.00% | Revisions=+40% | GrowthEPS=+16.5% | GrowthRev=+9.2%
[Analyst] Revisions Ratio: +44% (up=10, down=3)