(EXTR) Extreme Networks - Overview
Cloud Management, Switches, Access Points, SD-WAN, Zero-Trust
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 44.9% |
| Relative Tail Risk | -11.9% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.04 |
| Alpha | -31.61 |
| Character TTM | |
|---|---|
| Beta | 1.500 |
| Beta Downside | 1.679 |
| 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: 9.52m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 10.33 > 1.0 |
| NWC/Revenue: -4.37% < 20% (prev -4.80%; Δ 0.43% < -1%) |
| CFO/TA 0.10 > 3% & CFO 119.4m > Net Income 9.52m |
| Net Debt (33.4m) to EBITDA (68.2m): 0.49 < 3 |
| Current Ratio: 0.91 > 1.5 & < 3 |
| Outstanding Shares: last quarter (135.1m) vs 12m ago 2.97% < -2% |
| Gross Margin: 60.67% > 18% (prev 0.56%; Δ 6011 % > 0.5%) |
| Asset Turnover: 106.9% > 50% (prev 97.80%; Δ 9.11% > 0%) |
| Interest Coverage Ratio: 0.81 > 6 (EBITDA TTM 68.2m / Interest Expense TTM 40.0m) |
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 -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) |
| Altman-Z'' Score: -3.69 = D |
Beneish M -2.83
| DSRI: 1.31 (Receivables 145.8m/97.2m, Revenue 1.18b/1.03b) |
| GMI: 0.93 (GM 60.67% / 56.36%) |
| AQI: 0.99 (AQ_t 0.47 / AQ_t-1 0.47) |
| SGI: 1.14 (Revenue 1.18b / 1.03b) |
| TATA: -0.10 (NI 9.52m - CFO 119.4m) / TA 1.15b) |
| Beneish M-Score: -2.83 (Cap -4..+1) = A |
What is the price of EXTR shares?
Over the past week, the price has changed by -0.60%, over one month by -11.23%, over three months by -29.38% and over the past year by -7.57%.
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 | 24.3 | 61.5% |
| Analysts Target Price | 24.3 | 61.5% |
| ValueRay Target Price | 13 | -13.2% |
EXTR Fundamental Data Overview January 27, 2026
P/E Forward = 14.7059
P/S = 1.6699
P/B = 28.7669
P/EG = 0.8166
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 = 242.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 33.4m USD (from netDebt column, last quarter)
Enterprise Value = 2.01b USD (1.97b + Debt 242.4m - CCE 209.0m)
Interest Coverage Ratio = 0.81 (Ebit TTM 32.2m / Interest Expense TTM 40.0m)
EV/FCF = 21.16x (Enterprise Value 2.01b / FCF TTM 94.8m)
FCF Yield = 4.73% (FCF TTM 94.8m / Enterprise Value 2.01b)
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 = 1.74 (Enterprise Value 2.01b / Total Assets 1.15b)
Interest Expense / Debt = 1.51% (Interest Expense 3.65m / Debt 242.4m)
Taxrate = 21.0% (US default 21%)
NOPAT = 25.4m (EBIT 32.2m * (1 - 21.00%))
Current Ratio = 0.91 (Total Current Assets 525.9m / Total Current Liabilities 577.5m)
Debt / Equity = 3.54 (Debt 242.4m / totalStockholderEquity, last quarter 68.6m)
Debt / EBITDA = 0.49 (Net Debt 33.4m / EBITDA 68.2m)
Debt / FCF = 0.35 (Net Debt 33.4m / FCF TTM 94.8m)
Total Stockholder Equity = 64.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.86% (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 = 10.20% (NOPAT 25.4m / Invested Capital 249.4m)
WACC = 10.32% (E(1.97b)/V(2.21b) * Re(11.44%) + D(242.4m)/V(2.21b) * Rd(1.51%) * (1-Tc(0.21)))
Discount Rate = 11.44% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 1.34%
[DCF Debug] Terminal Value 69.47% ; FCFF base≈94.8m ; Y1≈91.8m ; Y5≈91.1m
Fair Price DCF = 8.07 (EV 1.11b - Net Debt 33.4m = Equity 1.08b / Shares 133.7m; r=10.32% [WACC]; 5y FCF grow -4.37% → 2.90% )
EPS Correlation: -48.23 | EPS CAGR: -16.85% | SUE: -2.24 | # 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=+11.8%
EPS next Year (2027-06-30): EPS=1.26 | Chg30d=+0.034 | Revisions Net=+4 | Growth EPS=+25.2% | Growth Revenue=+7.8%