Overview Dividends

(EXTR) Extreme Networks - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US30226D1063

Cloud Management, Switching, Access Points, SD-WAN, Security

EPS (Earnings per Share)

EPS Growth (3y CAGR): -7.18%
EPS Trend (3y Corr): -48.5%

Last SUE: 0.09σ
Qual. Beats: 0

Revenue

Revenue Growth (3y CAGR): -0.93%
Revenue Trend (3y Corr): -33.7%

Last SUE: 4.00σ
Qual. Beats: 2

Risk via 10d forecast
Volatility	45.4%
Value at Risk 5%th	66.3%
Relative Tail Risk	-11.16%

Reward TTM
Sharpe Ratio	0.39
Alpha	-5.32

Character TTM
Hurst Exponent	0.415
Beta	1.519
Beta Downside	1.615

Drawdowns 3y
Max DD	67.21%
Mean DD	39.62%
Median DD	46.50%

Description: EXTR Extreme Networks November 10, 2025

Extreme Networks (NASDAQ: EXTR) designs, manufactures, and sells wired and wireless networking hardware and cloud-based management software across the Americas, EMEA, and APAC, targeting mid-market and enterprise customers as well as service providers in sectors such as sports & entertainment, hospitality, retail, education, and healthcare.

Its flagship portfolio includes ExtremeCloud IQ, an AI-driven cloud-network management platform that unifies wired and wireless oversight, and ExtremeCloud IQ-Site Engine, which adds automated provisioning, granular visibility, and multi-vendor device control. The company also offers ExtremeCloud SD-WAN (a subscription-based, end-to-end wide-area networking solution) and ExtremeCloud Universal ZTNA for zero-trust network access.

Key recent metrics (FY 2023): revenue of roughly $1.2 billion, up ~7 % year-over-year; GAAP operating margin of 5.8 %; and a 12-month trailing free-cash-flow conversion of ~85 %. The networking sector is benefiting from a 6 % CAGR in enterprise spend on cloud-managed and AI-enabled infrastructure, driven by digital transformation, remote-work normalization, and the rollout of 5G edge services.

Extreme’s go-to-market model blends direct field sales with OEM, distributor, and reseller partnerships, enabling it to capture both large-scale enterprise contracts and fragmented mid-market deployments.

For readers looking to deepen their analysis, a quick scan of ValueRay’s analyst notes on EXTR can surface additional valuation levers and peer-group comparisons worth exploring.

EXTR Stock Overview

Market Cap in USD	2,360m
Sub-Industry	Communications Equipment
IPO / Inception	1999-04-09
Return 12m vs S&P 500	-1.62%
Analyst Rating	4.0 of 5

EXTR Dividends

Currently no dividends paid

EXTR Growth Ratios

Metric	Value
CAGR 3y	-4.58%
CAGR/Max DD Calmar Ratio	-0.07
CAGR/Mean DD Pain Ratio	-0.12
Current Volume	1408.8k
Average Volume	1692.4k

Piotroski VR‑10 (Strict, 0-10) 5.0

Net Income (9.52m TTM) > 0 and > 6% of Revenue (6% = 70.9m TTM)

FCFTA 0.10 (>2.0%) and ΔFCFTA 11.88pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -4.37% (prev -4.80%; Δ 0.43pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.11 (>3.0%) and CFO 130.5m > Net Income 9.52m (YES >=105%, WARN >=100%)

Net Debt (-125.5m) to EBITDA (68.2m) ratio: -1.84 <= 3.0 (WARN <= 3.5)

Current Ratio 0.91 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (135.1m) change vs 12m ago 2.97% (target <= -2.0% for YES)

Gross Margin 60.67% (prev 56.36%; Δ 4.31pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 106.9% (prev 97.80%; Δ 9.11pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 0.81 (EBITDA TTM 68.2m / Interest Expense TTM 40.0m) >= 6 (WARN >= 3)

Altman Z'' -3.69

(A) -0.04 = (Total Current Assets 525.9m - Total Current Liabilities 577.5m) / Total Assets 1.15b

(B) -0.82 = Retained Earnings (Balance) -943.8m / Total Assets 1.15b

(D) -0.88 = Book Value of Equity -953.2m / Total Liabilities 1.08b

Total Rating: -3.69 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 52.45

1. Piotroski 5.0pt

2. FCF Yield 5.04%

3. FCF Margin 9.54%

4. Debt/Equity 1.22

5. Debt/Ebitda -1.84

6. ROIC - WACC (= -2.43)%

7. RoE 14.81%

8. Rev. Trend -33.71%

9. EPS Trend -48.54%

What is the price of EXTR shares?

As of November 23, 2025, the stock is trading at USD 17.31 with a total of 1,408,844 shares traded.
Over the past week, the price has changed by -1.87%, over one month by -16.30%, over three months by -13.28% and over the past year by +10.54%.

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.

Strong Buy: 3
Buy: 1
Hold: 3
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the EXTR price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	24.3	40.3%
Analysts Target Price	24.3	40.3%
ValueRay Target Price	15.9	-8.4%

EXTR Fundamental Data Overview November 17, 2025

Market Cap USD = 2.36b (2.36b USD * 1.0 USD.USD)
P/E Trailing = 294.0
P/E Forward = 17.5747
P/S = 1.9982
P/B = 34.4033
P/EG = 0.9766
Beta = 1.666
Revenue TTM = 1.18b USD
EBIT TTM = 32.2m USD
EBITDA TTM = 68.2m USD
Long Term Debt = 158.9m USD (from longTermDebt, last quarter)
Short Term Debt = 52.1m USD (from shortTermDebt, last quarter)
Debt = 83.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -125.5m USD (from netDebt column, last quarter)
Enterprise Value = 2.23b USD (2.36b + Debt 83.5m - CCE 209.0m)
Interest Coverage Ratio = 0.81 (Ebit TTM 32.2m / Interest Expense TTM 40.0m)
FCF Yield = 5.04% (FCF TTM 112.7m / Enterprise Value 2.23b)
FCF Margin = 9.54% (FCF TTM 112.7m / Revenue TTM 1.18b)
Net Margin = 0.81% (Net Income TTM 9.52m / Revenue TTM 1.18b)
Gross Margin = 60.67% ((Revenue TTM 1.18b - Cost of Revenue TTM 464.5m) / Revenue TTM)
Gross Margin QoQ = 60.61% (prev 60.38%)
Tobins Q-Ratio = 1.94 (Enterprise Value 2.23b / Total Assets 1.15b)
Interest Expense / Debt = 4.38% (Interest Expense 3.65m / Debt 83.5m)
Taxrate = -73.27% (out of range, set to none) (-2.74m / 3.74m)
NOPAT = unknown (EBIT/Op.Income or Taxrate missing)
Current Ratio = 0.91 (Total Current Assets 525.9m / Total Current Liabilities 577.5m)
Debt / Equity = 1.22 (Debt 83.5m / totalStockholderEquity, last quarter 68.6m)
Debt / EBITDA = -1.84 (Net Debt -125.5m / EBITDA 68.2m)
Debt / FCF = -1.11 (Net Debt -125.5m / FCF TTM 112.7m)
Total Stockholder Equity = 64.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.83% (Net Income 9.52m / Total Assets 1.15b)
RoE = 14.81% (Net Income TTM 9.52m / Total Stockholder Equity 64.3m)
RoCE = 14.42% (EBIT 32.2m / Capital Employed (Equity 64.3m + L.T.Debt 158.9m))
RoIC = 8.78% (EBIT 32.2m / (Assets 1.15b - Curr.Liab 577.5m - Cash 209.0m))
WACC = 11.21% (E(2.36b)/V(2.44b) * Re(11.61%) + (debt cost/tax rate unavailable))
Discount Rate = 11.61% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 1.34%
[DCF Debug] Terminal Value 65.70% ; FCFE base≈112.7m ; Y1≈109.1m ; Y5≈108.5m
Fair Price DCF = 8.53 (DCF Value 1.14b / Shares Outstanding 133.7m; 5y FCF grow -4.37% → 3.0% )
EPS Correlation: -48.54 | EPS CAGR: -7.18% | SUE: 0.09 | # QB: 0
Revenue Correlation: -33.71 | Revenue CAGR: -0.93% | SUE: 4.0 | # QB: 2

Additional Sources for EXTR Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle