(EXTR) Extreme Networks - Overview
Stock: Cloud Management, Switches, Access Points, SD-WAN, Zero-Trust
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 43.8% |
| Relative Tail Risk | -10.4% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.10 |
| Alpha | -24.63 |
| Character TTM | |
|---|---|
| Beta | 1.477 |
| Beta Downside | 1.660 |
| Drawdowns 3y | |
|---|---|
| Max DD | 67.21% |
| CAGR/Max DD | -0.09 |
Description: EXTR Extreme Networks January 13, 2026
Extreme Networks (NASDAQ:EXTR) designs, manufactures, and sells networking hardware and software across the Americas, EMEA, and APAC, targeting mid-market to enterprise customers and service providers in sectors such as sports venues, hospitality, education, and healthcare.
Its flagship cloud-managed portfolio includes ExtremeCloud IQ (AI-driven wired and wireless management), ExtremeCloud IQ-Site Engine (automation and multi-vendor orchestration), and ExtremeCloud IQ Essentials (wireless intrusion prevention, location services, and guest access). Complementary offerings span Extreme Switching (edge, campus, and data-center Ethernet with PoE), ExtremeCloud SD-WAN (subscription-based hardware-plus-service), and ExtremeCloud Universal ZTNA (zero-trust network access). The company distributes via OEMs, strategic partners, distributors, resellers, and a direct field-sales force.
In FY 2023, Extreme Networks reported $1.7 billion in revenue, a 5% YoY increase, and a gross margin of ~41%, reflecting steady demand for AI-enabled network automation amid enterprise cloud migration. Key sector drivers include rising capex on digital transformation, the rollout of 5G and edge computing, and heightened security requirements that favor subscription-based SD-WAN and ZTNA solutions. *Assumption*: FY 2024 growth will track the 4-6% industry average unless macro-economic headwinds intensify. For a deeper dive into EXTR’s valuation metrics, consider checking ValueRay’s analyst notes.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income: 9.14m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA 14.82 > 1.0 |
| NWC/Revenue: -2.41% < 20% (prev -3.83%; Δ 1.42% < -1%) |
| CFO/TA 0.13 > 3% & CFO 153.6m > Net Income 9.14m |
| Net Debt (-7.67m) to EBITDA (55.2m): -0.14 < 3 |
| Current Ratio: 0.95 > 1.5 & < 3 |
| Outstanding Shares: last quarter (135.4m) vs 12m ago 0.95% < -2% |
| Gross Margin: 61.30% > 18% (prev 0.57%; Δ 6073 % > 0.5%) |
| Asset Turnover: 108.4% > 50% (prev 94.01%; Δ 14.42% > 0%) |
| Interest Coverage Ratio: 2.54 > 6 (EBITDA TTM 55.2m / Interest Expense TTM 14.3m) |
Altman Z'' -3.48
| A: -0.03 (Total Current Assets 535.7m - Total Current Liabilities 565.1m) / Total Assets 1.17b |
| B: -0.80 (Retained Earnings -935.9m / Total Assets 1.17b) |
| C: 0.03 (EBIT TTM 36.4m / Avg Total Assets 1.12b) |
| D: -0.88 (Book Value of Equity -945.3m / Total Liabilities 1.07b) |
| Altman-Z'' Score: -3.48 = D |
Beneish M -3.01
| DSRI: 1.08 (Receivables 152.4m/117.6m, Revenue 1.22b/1.02b) |
| GMI: 0.93 (GM 61.30% / 56.89%) |
| AQI: 1.00 (AQ_t 0.47 / AQ_t-1 0.47) |
| SGI: 1.20 (Revenue 1.22b / 1.02b) |
| TATA: -0.12 (NI 9.14m - CFO 153.6m) / TA 1.17b) |
| Beneish M-Score: -3.01 (Cap -4..+1) = AA |
What is the price of EXTR shares?
Over the past week, the price has changed by +3.04%, over one month by -3.85%, over three months by -14.91% and over the past year by -1.87%.
Is EXTR a buy, sell or hold?
- StrongBuy: 3
- Buy: 1
- Hold: 3
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the EXTR price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 23.4 | 53.4% |
| Analysts Target Price | 23.4 | 53.4% |
| ValueRay Target Price | 13.6 | -10.6% |
EXTR Fundamental Data Overview February 03, 2026
P/E Forward = 14.8148
P/S = 1.6051
P/B = 20.4109
P/EG = 0.7412
Revenue TTM = 1.22b USD
EBIT TTM = 36.4m USD
EBITDA TTM = 55.2m USD
Long Term Debt = 154.1m USD (from longTermDebt, last quarter)
Short Term Debt = 29.0m USD (from shortTermDebt, last quarter)
Debt = 212.1m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -7.67m USD (from netDebt column, last quarter)
Enterprise Value = 1.95b USD (1.96b + Debt 212.1m - CCE 219.8m)
Interest Coverage Ratio = 2.54 (Ebit TTM 36.4m / Interest Expense TTM 14.3m)
EV/FCF = 14.37x (Enterprise Value 1.95b / FCF TTM 135.7m)
FCF Yield = 6.96% (FCF TTM 135.7m / Enterprise Value 1.95b)
FCF Margin = 11.12% (FCF TTM 135.7m / Revenue TTM 1.22b)
Net Margin = 0.75% (Net Income TTM 9.14m / Revenue TTM 1.22b)
Gross Margin = 61.30% ((Revenue TTM 1.22b - Cost of Revenue TTM 472.1m) / Revenue TTM)
Gross Margin QoQ = 61.36% (prev 60.61%)
Tobins Q-Ratio = 1.67 (Enterprise Value 1.95b / Total Assets 1.17b)
Interest Expense / Debt = 1.58% (Interest Expense 3.36m / Debt 212.1m)
Taxrate = 24.30% (2.53m / 10.4m)
NOPAT = 27.6m (EBIT 36.4m * (1 - 24.30%))
Current Ratio = 0.95 (Total Current Assets 535.7m / Total Current Liabilities 565.1m)
Debt / Equity = 2.21 (Debt 212.1m / totalStockholderEquity, last quarter 95.9m)
Debt / EBITDA = -0.14 (Net Debt -7.67m / EBITDA 55.2m)
Debt / FCF = -0.06 (Net Debt -7.67m / FCF TTM 135.7m)
Total Stockholder Equity = 75.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.81% (Net Income 9.14m / Total Assets 1.17b)
RoE = 12.12% (Net Income TTM 9.14m / Total Stockholder Equity 75.4m)
RoCE = 15.86% (EBIT 36.4m / Capital Employed (Equity 75.4m + L.T.Debt 154.1m))
RoIC = 10.70% (NOPAT 27.6m / Invested Capital 257.6m)
WACC = 10.37% (E(1.96b)/V(2.17b) * Re(11.36%) + D(212.1m)/V(2.17b) * Rd(1.58%) * (1-Tc(0.24)))
Discount Rate = 11.36% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 1.46%
[DCF Debug] Terminal Value 60.37% ; FCFF base≈135.7m ; Y1≈89.1m ; Y5≈40.6m
Fair Price DCF = 4.28 (EV 566.5m - Net Debt -7.67m = Equity 574.1m / Shares 134.3m; r=10.37% [WACC]; 5y FCF grow -40.0% → 2.90% )
EPS Correlation: -32.17 | EPS CAGR: 5.86% | SUE: 0.18 | # QB: 0
Revenue Correlation: -8.80 | Revenue CAGR: 2.91% | SUE: 1.25 | # QB: 3
EPS next Quarter (2026-03-31): EPS=0.24 | Chg30d=-0.008 | Revisions Net=-5 | Analysts=8
EPS current Year (2026-06-30): EPS=1.00 | Chg30d=-0.010 | Revisions Net=-3 | Growth EPS=+18.6% | Growth Revenue=+11.0%
EPS next Year (2027-06-30): EPS=1.27 | Chg30d=+0.014 | Revisions Net=+4 | Growth EPS=+27.8% | Growth Revenue=+7.5%