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EXTR

Extreme Networks Inc
$33.71 +0.84 (+2.56%) At close · Jul 10
Market Cap
$4.41B
Shares
130,778,088

Price & Indicators

20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$33.71 Open$32.42 Day$32.40–33.73 52W$13.48–33.73 Avg vol 30d2.2M Short int7.9M · 6.0% float · 3.0d Short vol31% Last earningsApr 29, 2026 DataJan 2020–Jul 2026 Filing10-Q · Apr 30
Up next
Next earnings call
Jul 29, 2026 Est · unconfirmed · in 2 wks
FQ1-27 quarter ends
~Sep 30, 2026 Est
filed Apr 30, 2026
AI Brief

TL;DR.

Bullish
    Bearish

      AI-generated from the earnings call and 8-K · may contain errors · not investment advice

      Equibles Rating blended score · not investment advice
      Overall
      Buy
      SellHoldBuy
      Technical Buy Momentum Very Strong Sentiment Bearish Fundamentals Excellent Quant / Vol Very High
      Market backdrop VIX 15 · calm Equity put/call 0.55
      Technical
      price trend
      Buy
      50 / 200-day cross No cross
      Price vs 200-day avg +72%
      above
      Price vs 50-day avg +21%
      above
      RSI (14) 65
      neutral
      MACD trend Negative
      52-week position 100%
      near high
      Volume (OBV) Confirms
      volume backs price
      Momentum
      relative strength
      Very Strong
      1-month return +18%
      trailing
      6-month return +110%
      trailing
      YTD return +102%
      this year
      Relative strength +100%
      vs S&P · 6-mo
      Sentiment
      smart money
      Bearish
      Trend (MA cross) No cross
      50d $28 › 200d $20 — 50d above 200d
      Institutional flow Distributing
      11 of 301 funds reported for Jun 30 · net -52.3K sh shares
      Insider flow Distributing
      Net -$16.0M over 90 days · 100% sells
      Short interest Rising
      6.05% of float · ▲ +20.9% MoM · 3.0 days cover
      Volume signal Normal
      Volume near normal
      Institution breadth Steady
      301 holders — mid 3-yr range
      Squeeze score 66
      elevated · 0–100
      Fundamentals
      Excellent
      Revenue growth +2%
      Y/Y
      Gross margin 62%
      expanding
      EPS growth +91%
      Y/Y
      Free cash flow $127.3M
      Valuation P/E 306.5
      rich
      Buyback $138.0M
      remaining
      Balance sheet $51.7M
      net cash
      Quant / Vol
      risk profile
      Very High
      Volatility 49%
      annualized · 1-yr
      Max drawdown −40%
      past year
      ATR 4.5%
      of price · 14-day

      Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

      Guidance & track record
      Latest guidance · from the 8-K filed Apr 29, 2026
      FQ4'26 Guidance – GAAP
      Total net revenue Initiated $330M – $335M
      prior qtr $316.87M midpoint +4.9% QoQ
      Gross margin Initiated 61.2% – 61.6%
      Operating margin Initiated 6.1% – 7.1%
      Earnings per share Initiated $0.12 – $0.15
      prior qtr $0.08 midpoint +68.8% QoQ
      FQ4'26 Guidance – Non-GAAP
      Total net revenue Initiated $330M – $335M
      Gross margin Initiated 61.8% – 62.2%
      Operating margin Initiated 15.2% – 16.1%
      Earnings per share Initiated $0.28 – $0.30
      FY'26 Guidance
      Total net revenue Initiated $1.28B – $1.28B
      prior FY $1.14B midpoint +12.1% Y/Y
      Gross margin Initiated 61.2% – 61.3%
      Operating margin Initiated 4.8% – 5.1%
      Earnings per share Initiated $0.30 – $0.33
      prior FY $-0.06 midpoint +625.0% Y/Y
      FY'26 Guidance – Non-GAAP
      Total net revenue Initiated $1.28B – $1.28B
      Gross margin Initiated 61.8% – 61.9%
      Operating margin Initiated 14.7% – 14.9%

      Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

      Technicals

      trend & momentum for long-term holders Buy
      1 · 3 · 3
      50 / 200-day cross
      No cross Neutral
      Price vs 200-day avg
      +72% Bullish
      Price vs 50-day avg
      +21% Bullish
      RSI (14)
      65 Neutral
      MACD trend
      Negative Bearish
      52-week position
      100% Bullish
      Volume (OBV)
      Confirms Neutral
      Market signals — smart money & positioning
      Bearish · 3 of 6
      Trend (MA cross) No cross
      50d $28 › 200d $20 — 50d above 200d
      Institutional flow Distributing
      11 of 301 funds reported for Jun 30 · net -52.3K sh shares
      Insider flow Distributing
      Net -$16.0M over 90 days · 100% sells
      Short interest Rising
      6.05% of float · ▲ +20.9% MoM · 3.0 days cover
      Volume signal Normal
      Volume near normal
      Institution breadth Steady
      301 holders — mid 3-yr range
      Price context
      position in its 52-week range
      52-wk low $13 Now $34 · 100% 52-wk high $34
      vs 200-day avg +72% vs 50-day avg +21%

      Illustrative technical + ownership context — a signal mix, not investment advice.

      Key metrics

      the company's own KPIs, from its earnings releases, calls, and filings
      Metric Latest Period YoY
      Net cash $11.3M Q3 FY2026
      Non-GAAP gross margin non-GAAP 62.3% Q3 FY2026
      Non-GAAP operating margin non-GAAP 15.2% Q3 FY2026
      customers spending over a million dollars 44 the third quarter call
      EBITDA non-GAAP $53.4M the third quarter call
      EBITDA margin non-GAAP 16.9% the third quarter call
      gross margin non-GAAP 62.3% the third quarter call
      MSP billings growth (quarter over quarter) 26% the third quarter call
      SAS deferred revenue $342M the third quarter call
      subscription and support recurring revenue $114M the third quarter call

      Figures exactly as the company stated them · click a metric with a to chart its history · period links open the stating document · "call" marks figures stated on the earnings call, "filing" figures stated in the 10-K/10-Q · YoY needs the prior-year figure on file

      Versus peers

      Communication Equipment — same industry group
      Open screener →
      Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
      EXTR
      Extreme Networks Inc
      this stock
      $4.41B +102.5% +2.0% 306.5 6.0%
      CSCO
      Cisco Systems, Inc.
      $478.14B +58.3% +10.6% 40.3 1.4%
      MSI
      Motorola Solutions, Inc.
      $70.20B +10.6% +5.7% 34.1 2.2%
      NOK
      Nokia Corp
      $69.45B +92.3% 1.1%
      CIEN
      Ciena Corp
      $65.22B +97.0% +18.8% 153.6 2.7%

      Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

      At a glance

      key data from every section
      Ownership
      Institutional Holders Reducing
      Holders
      299
      % held
      86.8%
      Reported
      11 of 301
      Top holder
      BlackRock, Inc.
      Held Float
      View
      Held by Funds
      Fund positions
      277
      View
      Short & Settlement
      Short Interest Rising
      Shares short
      7.9M
      Days to cover
      3.0d
      Change
      +1.4M sh
      View
      Short Volume
      Short vol %
      31%
      As of
      Jul 10, 2026
      Short Total
      View
      Fails to Deliver
      FTD shares
      45
      Value
      $1.3K
      As of
      Jun 10, 2026
      View
      Off-Exchange
      Off-exchange %
      41.4%
      Week of
      May 4, 2026
      Off-exch Lit
      View
      Smart Money
      Insider Trades Net selling
      Net (90d)
      -$16.0M
      Buyers / Sellers
      0 / 6
      Buyers Sellers
      View
      Financials
      Financials
      Revenue (FY)
      $1.1B
      Net income (FY)
      $-7.5M
      EPS diluted
      $-0.06
      View
      Buybacks
      Authorized · 2 programs
      $250.0M
      Remaining
      $138.0M
      Spent Remaining
      View
      Filings
      SEC Filings
      Latest
      10-Q
      Filed
      Apr 30, 2026
      This year
      5
      View
      Proposed Sales
      Value
      $4.1M
      Shares
      125.4K
      Filed
      Jul 1, 2026
      View
      Earnings & Events
      Earnings Calls
      Last call
      May 12, 2026
      View
      Investor Relations
      Latest news
      Extreme Networks Schedules Fourth…
      Published
      Jul 9, 2026
      Upcoming events
      2
      View

      Performance

      5D 20D 120D MTD YTD
      EXTR +13.1% +18.0% +109.5% +4.1% +102.5%
      SPY +1.4% +4.1% +9.1% +1.1% +10.7%
      vs SPY +11.8% +13.9% +100.5% +3.0% +91.8%

      Capital returns

      Buyback programs · 2 active · as of Mar 31, 2026
      Authorized (total)
      $250.00M
      Spent (derived)
      $112.00M
      Remaining
      $138.00M
      Spent Remaining

      Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

      Key facts CIK 1078271 CUSIP 30226D106 13F (30d) 12 filings 12 filers Visit website Investor relations