(EXTR) Extreme Networks - Ratings and Ratios
Cloud Management, Switching, Access Points, SD-WAN, Security
Dividends
Currently no dividends paid| Risk via 10d forecast | |
|---|---|
| Volatility | 44.7% |
| Value at Risk 5%th | 65.5% |
| Relative Tail Risk | -10.94% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.08 |
| Alpha | -18.42 |
| CAGR/Max DD | -0.06 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.627 |
| Beta | 1.498 |
| Beta Downside | 1.622 |
| Drawdowns 3y | |
|---|---|
| Max DD | 67.21% |
| Mean DD | 39.77% |
| Median DD | 46.73% |
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.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income (9.52m TTM) > 0 and > 6% of Revenue (6% = 70.9m TTM) |
| FCFTA 0.08 (>2.0%) and ΔFCFTA 10.33pp (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 0.10 (>3.0%) and CFO 119.4m > 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 |
| (C) 0.03 = EBIT TTM 32.2m / Avg Total Assets 1.10b |
| (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) 53.68
| 1. Piotroski 5.0pt |
| 2. FCF Yield 4.39% |
| 3. FCF Margin 8.03% |
| 4. Debt/Equity 1.22 |
| 5. Debt/Ebitda -1.84 |
| 6. ROIC - WACC (= -2.35)% |
| 7. RoE 14.81% |
| 8. Rev. Trend -11.76% |
| 9. EPS Trend -44.73% |
What is the price of EXTR shares?
Over the past week, the price has changed by +0.51%, over one month by -0.34%, over three months by -18.94% and over the past year by -0.68%.
Is EXTR a buy, sell or hold?
- 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 | 37.9% |
| Analysts Target Price | 24.3 | 37.9% |
| ValueRay Target Price | 15.8 | -10.3% |
EXTR Fundamental Data Overview November 26, 2025
P/E Trailing = 284.6667
P/E Forward = 17.2712
P/S = 1.9337
P/B = 33.7792
P/EG = 0.9589
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 = 2.16b USD (2.28b + Debt 83.5m - CCE 209.0m)
Interest Coverage Ratio = 0.81 (Ebit TTM 32.2m / Interest Expense TTM 40.0m)
FCF Yield = 4.39% (FCF TTM 94.8m / Enterprise Value 2.16b)
FCF Margin = 8.03% (FCF TTM 94.8m / 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 = 1.87 (Enterprise Value 2.16b / 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 = -1.32 (Net Debt -125.5m / FCF TTM 94.8m)
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 = 11.13% (E(2.28b)/V(2.37b) * Re(11.54%) + (debt cost/tax rate unavailable))
Discount Rate = 11.54% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 1.34%
[DCF Debug] Terminal Value 65.91% ; FCFE base≈94.8m ; Y1≈91.8m ; Y5≈91.3m
Fair Price DCF = 7.23 (DCF Value 967.4m / Shares Outstanding 133.7m; 5y FCF grow -4.37% → 3.0% )
EPS Correlation: -44.73 | EPS CAGR: 1.25% | SUE: 0.09 | # QB: 0
Revenue Correlation: -11.76 | Revenue CAGR: 2.68% | SUE: 4.0 | # QB: 2
EPS next Quarter (2026-03-31): EPS=0.24 | Chg30d=-0.012 | Revisions Net=-5 | Analysts=8
EPS current Year (2026-06-30): EPS=1.01 | Chg30d=-0.005 | Revisions Net=-3 | Growth EPS=+19.8% | Growth Revenue=+10.3%
EPS next Year (2027-06-30): EPS=1.26 | Chg30d=+0.034 | Revisions Net=+4 | Growth EPS=+25.2% | Growth Revenue=+7.3%
Additional Sources for EXTR Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle