Stocks · Technology · Communication Equipment
Extreme Networks, Inc. EXTR
$23.12 +5.23% Close, Oct 2, 2026 · NASDAQ · Market cap $3.02B
Next earnings report: Nov 4, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Revenue over the last four quarters was $1.28B, up 12.6% from a year earlier, slowing from 14.9% a quarter earlier.
- The company holds net cash of $17.2M (cash above total debt).
- The stock is 31% below its highest close of the past year.
PromtFinance scores
Each score is a percentile within the Technology sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 49%
- FCF growth (TTM, YoY)Bottom 11%
- Revenue growth, 3-year CAGRBottom 27%
- Revenue growth accelerationBottom 21%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 32%
- Gross marginTop 38%
- Operating marginTop 49%
- Cash conversion (OCF / net income)Top 24%
- Accruals (lower is better)Top 47%
- Net debt / EBITDA (lower is better)Top 40%
- Interest coverTop 45%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 47%
- Free-cash-flow yieldBottom 41%
- EBITDA / enterprise valueBottom 48%
- Sales / enterprise valueTop 32%
- P/E vs own 5-year history (lower is better)Bottom 42%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 49%
- 6-month returnTop 30%
- 1-year return vs S&P 500Top 46%
- Distance from 52-week highBottom 48%
- Trend checklist (0–4)Top 44%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 44%
- Consecutive EPS beatsTop 48%
- Share of analysts rating BuyBottom 35%
- Upside to consensus price targetTop 35%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 47%
- Maximum drawdown, 3 yearsTop 39%
- Beta vs S&P 500 (lower is better)Bottom 44%
- Net debt / EBITDA (lower is better)Top 40%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 14.9% | 12.6% | ↓ |
| Gross margin | 62.2% | 61.5% | ↓ |
| Operating margin | 1.5% | 4.9% | ↑ |
| FCF margin | 11.2% | 4.7% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 12.6% | 14.9% | ↓ | Top 49% |
| Gross margin | 61.5% | 62.2% | ↓ | Top 38% |
| Operating margin | 4.9% | 1.5% | ↑ | Top 49% |
| Net margin | 3.3% | -0.7% | ↑ | — |
| Free-cash-flow margin | 4.7% | 11.2% | ↓ | — |
| Return on invested capital | 8.4% | — | Top 32% | |
| Revenue growth, 3-year CAGR | -0.7% | — | Bottom 27% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 2.92×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -6.9%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 6.9%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +17.3 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- -0.21×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 4.6×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- 2.88%
- Shareholder yield
- 2.88%
- Share count change, 1 year
- -3.0%
- Share count change, 3-year CAGR
- -1.0%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 17, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 3
- Beats in the last 8 reports
- 7 of 8
- Average EPS surprise, last 4
- +6.8%
- Average 2-day reaction, last 8
- +2.2%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $33.00
- Target vs current price
- +42.7%
- Analysts with a rating
- 18
- Share rating Buy or Strong Buy
- 56%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 5, 2026 | +10.3% | -19.0% | -26.1% | -32.7% | — |
| Apr 29, 2026 | +8.3% | +28.2% | +39.1% | +56.4% | +73.0% |
| Jan 28, 2026 | +8.3% | +2.2% | +1.3% | -4.8% | +15.0% |
| Oct 29, 2025 | +0.0% | -15.3% | -16.3% | -17.9% | -28.5% |
| Aug 6, 2025 | +13.6% | +14.0% | +17.7% | +23.0% | +1.9% |
| Apr 30, 2025 | +10.5% | -1.2% | +6.5% | +21.0% | +34.0% |
| Jan 29, 2025 | +16.7% | -3.0% | -5.4% | -6.8% | -24.0% |
| Oct 30, 2024 | +41.7% | +12.0% | +7.6% | +19.1% | +14.3% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 5, 2026 | $0.32 | $0.29 | +10.3% | $338.5M |
| Apr 29, 2026 | $0.26 | $0.24 | +8.3% | $316.9M |
| Jan 28, 2026 | $0.26 | $0.24 | +8.3% | $317.9M |
| Oct 29, 2025 | $0.22 | $0.22 | +0.0% | $310.2M |
| Aug 6, 2025 | $0.25 | $0.22 | +13.6% | $307.0M |
| Apr 30, 2025 | $0.21 | $0.19 | +10.5% | $284.5M |
| Jan 29, 2025 | $0.21 | $0.18 | +16.7% | $279.4M |
| Oct 30, 2024 | $0.17 | $0.12 | +41.7% | $269.2M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 74.8× | 48.5× | 67th | Top 47% |
| P/E (forward) | 17.7× | — | — | — |
| EV / EBITDA | 37.6× | — | — | Bottom 48% |
| EV / Sales | 2.34× | — | — | Top 32% |
| Free-cash-flow yield | 2.02% | — | — | Bottom 41% |
| Earnings yield | 1.34% | — | — | Top 47% |
P/E over the past five years
Range 22.0× – 292.1× since Sep 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
Technical state
Trend checklist
- ✓ Price above 20-day average
- ✗ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 3
- 50-day average slope (20 days)
- -13.6%
- 200-day average slope (20 days)
- +2.2%
- Distance from 50-day average
- -2.9%
- Distance from 200-day average
- +8.1%
- RSI (14)
- 55.8
- Relative volume
- 1.38×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 59.5%
- Volatility vs own 5-year history
- 87th percentile · High for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.48
- Correlation with S&P 500
- 0.47
- Current drawdown from 1-year high
- -31.4%
- Maximum drawdown, 3 years
- -57.1%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Aug 11, 2023 | May 9, 2024 | -67.2% | 187 days | 535 days (Jun 30, 2026) |
| Dec 29, 2021 | Jun 16, 2022 | -48.1% | 117 days | 92 days (Oct 27, 2022) |
| Jul 10, 2026 | Sep 28, 2026 | -37.7% | 55 days | Not yet recovered |
| Nov 30, 2022 | Apr 21, 2023 | -25.1% | 97 days | 29 days (Jun 2, 2023) |
| Apr 29, 2021 | Sep 21, 2021 | -24.6% | 100 days | 40 days (Nov 16, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $3.02B
- P/E (TTM)
- 74.8
- EPS, diluted (TTM)
- $0.31
- Revenue (TTM)
- $1.28B
- 52-week range
- $13.48 – $33.73
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Revenue | $1.11B | $1.31B | $1.12B | $1.14B | $1.28B |
| Gross profit | $629.9M | $754.7M | $630.8M | $709.1M | $789.1M |
| Operating income | $72.9M | $111.6M | -$28.9M | $18.4M | $63.2M |
| Net income | $44.3M | $78.1M | -$86.0M | -$7.5M | $42.1M |
| EPS (diluted) | $0.33 | $0.58 | -$0.66 | -$0.06 | $0.31 |
| Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $269.2M | $279.4M | $284.5M | $307.0M | $310.2M | $317.9M | $316.9M | $338.5M |
| Net income | -$10.5M | $7.4M | $3.5M | -$7.8M | $5.6M | $7.9M | $10.6M | $18.0M |
| EPS (diluted) | -$0.08 | $0.06 | $0.03 | -$0.06 | $0.04 | $0.06 | $0.08 | $0.13 |
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Operating cash flow | $128.2M | $249.2M | $55.5M | $152.0M | $123.2M |
| Capital expenditure | -$15.4M | -$13.8M | -$18.1M | -$24.7M | -$27.9M |
| Free cash flow | $112.7M | $235.4M | $37.4M | $127.3M | $95.2M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | -$45.0M | -$99.9M | -$49.9M | -$38.0M | -$87.0M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $211.8M
- Total assets
- $1.18B
- Total liabilities
- $1.09B
- Total debt
- $194.6M
- Net debt
- -$17.2M
- Shareholders’ equity
- $88.6M
As of Jun 30, 2026 (filed Aug 17, 2026).
Short interest
- Shares sold short
- 7,720,828
- Days to cover
- 6.25
- Change vs previous report
- -4.8%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Aug 25, 2000
- 2-for-1