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EXTR · Extreme Networks Inc

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$26.75 -0.43 (-1.58%) At close · Nov 13
Market Cap
$3.51B
Shares
131.19M
Volume · Nov 13 2.47M Avg daily vol (3M) 1.57M

Price & Indicators

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20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$26.75 Open$27.18 Day$26.12–27.30 52W close$13.74–33.71 Avg vol 30d1.7M Short int5.1M · 3.9% of shares · 3.6d Short vol73% Last earningsOct 28, 2026 DataJan 2020–Nov 2026 Filing10-Q · Oct 29

Up next

Jan 27, 2027 Est · unconfirmed · in 10 wks

Latest documents

2026
Nov 6
Current report 8-K Events of Nov 4
Stockholders elect seven directors and approve key proposals

At its November 4, 2026 annual meeting, Extreme Networks stockholders elected seven directors, approved executive compensation, ratified Deloitte & Touche LLP for the fiscal year ending June 30, 2027, and authorized adding 1,000,000 shares to its 2013 Equity Incentive Plan.

Shareholder vote results
5 source passages
On November 4, 2026, Extreme Networks, Inc. (the “Company”) held its annual meeting of stockholders (the “Annual Meeting”). Proposal 1 – The following seven director nominees were elected for a one-year term: Proposal 2 – The compensation of the Company’s named executive officers was approved, on an advisory basis: Proposal 3 – The appointment of Deloitte & Touche LLP as independent auditors for the Company for the fiscal year ending June 30, 2027, was ratified: Proposal 4 – The Amendment and Restatement of the Company’s Amended and Restated 2013 Equity Incentive Plan to add 1,000,000 shares of the Company’s common stock to those reserved for issuance under the plan was approved: Open the document at this passage
Oct 29
Quarterly report 10-Q FY2027 Q1, ended Sep 30
Quarterly report for FY2027 Q1

Extreme Networks, Inc. reported net revenues of $341.1 million, total gross margin of 62.1%, operating income of $23.1 million and net income of $16.0 million for the three months ended September 30, 2026; SaaS ARR was $264.7 million.

Revenue $341.09M ▲ 9.9% Net income $15.98M ▲ 184.8% Diluted EPS $0.12 ▲ 200.0%
Read from the MD&A section
Oct 28
Earnings call
Q1 2027 earnings call

Extreme Network's first-quarter revenue was $341 million, up 10% year-over-year, while non-GAAP EPS rose 50% and SaaS ARR reached approximately $265 million; the company raised full-year revenue guidance to $1,402,000,000-$1,412,000,000.

Oct 28
Current report 8-K
Financial results

Extreme Networks reported first-quarter fiscal 2027 revenue of $341.1 million, up 10%, SaaS ARR of $264.7 million, up 22%, and non-GAAP diluted EPS of $0.33, up 50%; full-year non-GAAP EPS guidance is $1.35-$1.39.

All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$1.31B
Trailing 12 months
Net income (TTM)
$52.49M
Trailing 12 months
Revenue growth YoY
+9.9%
Year over year
Operating margin
5.7%
Trailing 12 months
P / E (TTM)
68.6
Trailing earnings · reciprocal yield 1.5%
FCF yield
4.4%
TTM · current market cap
Return on invested capital
146.1%
Trailing 12 months
Net cash
$44.52M
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
-0.3%
Year over year · fewer shares
Price change (1Y)
+51.6%
Trailing year
Short interest
3.9%
Latest settlement · 3.6 days to cover
View all 125 metrics

AI Brief

Q1 FY27 earnings call · Oct 28, 2026
Q1 FY27

TL;DR. Extreme delivered 10% revenue growth, 22% SaaS ARR growth, 50% non-GAAP EPS growth, 47% adjusted EBITDA growth, expanded gross and operating margins, and positive free cash flow while raising fiscal 2027 guidance to 10% revenue growth. Risks include higher memory costs, slower recurring-revenue growth during the fiscal 2027 platform transition, an AsiaPAC revenue decline, and a fluid pricing environment.

Bullish
  • + Q1 revenue grew 10% to $341.1 million, marking the seventh consecutive quarter of double-digit growth. new
  • + SaaS ARR increased 22% to $264.7 million, while Platform ONE bookings exceeded 50% of subscription bookings and increased 5x from the prior year. new
Bearish
  • − Higher memory costs are embedded in reported and guided gross margins. new
  • − Recurring revenue grew 7% to $119 million during the fiscal 2027 platform-transition year, with sharp recurring-revenue reacceleration deferred until fiscal 2028. new
  • − AsiaPAC revenue declined due to elevated prior-year comparisons. new
  • − The industry pricing environment remains fluid as product cycles, mix, demand, and component cost increases evolve. new

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

Mentioned in fund letters

Equibles Rating

blended score · not investment advice
Overall
Buy
SellHoldBuy
Technical Buy Momentum Strong Sentiment Neutral Fundamentals Excellent Quant / Vol Very High
Market backdrop VIX 19.3 · elevated Equity put/call 0.63
Technical
price trend
Buy
50 / 200-day cross No cross
Price vs 200-day avg +19%
above
Price vs 50-day avg +17%
above
RSI (14) 65
neutral
MACD trend Positive
52-week position 65%
mid-range
Volume (OBV) Confirms
volume backs price
Momentum
relative strength
Strong
1-month return +23%
trailing
6-month return −1%
trailing
YTD return +61%
this year
Relative strength −2%
vs S&P · 6-mo
Sentiment
smart money
Neutral
Trend (MA cross) No cross
50d $23 › 200d $23 — 50d above 200d
Institutional flow Distributing
307 of 345 funds reported for Sep 30 · net -5.4M sh shares · +38 new
Insider flow Flat
No net insider activity over 90 days
Short interest Falling
3.92% of shares out · ▼ -12.2% MoM · 3.6 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
345 holders — near 3-yr high, broad support
Squeeze score 63
elevated · 0–100
Fundamentals
Excellent
Revenue growth +13%
Y/Y
Gross margin 61%
contracting
EPS growth +617%
Y/Y
Free cash flow $95.2M
Valuation P/E 68.6
in line
Buyback $88.0M
remaining
Balance sheet $48.0M
net cash
Quant / Vol
risk profile
Very High
Volatility 56%
annualized · 1-yr
Max drawdown −38%
past year
ATR 5.4%
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

Beat or met 8 of last 8
Latest guidance · from the Earnings Call filed Aug 5, 2026
full fiscal year 27
Revenue $1.38B – $1.4B
prior FY $1.28B midpoint +8.3% Y/Y
Gross margin 62.2% – 62.7%
Operating margin 16.7% – 17.1%
Earnings per share $1.28 – $1.33
prior FY $0.31 midpoint +321.0% Y/Y
fiscal 27
Non-GAAP tax rate Non-GAAP 23%
Previous outlook earlier release · from the Earnings Call filed Jan 28, 2026

Still-open targets the latest release did not restate under the same label.

Third quarter gross margin · third quarter 61% – 61.4%
Operating margin · third quarter 13.6% – 14.8%
Earnings per share · third quarter $0.23 – $0.25
Prior guidance period ended · from the Earnings Call filed Aug 5, 2026
Revenue · first quarter of fiscal 27 $334M – $339M
Gross margin · first quarter of fiscal 27 62.2% – 62.7%
Operating margin · first quarter of fiscal 27 14.7% – 15.3%
Guided vs delivered · last 8 settled
Revenue first quarter of fiscal 27
guided $334M – $339M
$341.09M Beat +1.4%
Revenue full fiscal year 2026
guided $1.28B – $1.28B
$1.28B Beat +0.5%
Revenue third quarter
guided $309M – $314M
$316.87M Beat +1.7%
Net income per diluted share FQ2'23 Guidance – GAAP
guided $0.09 – $0.14
$0.13 In line

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

Technicals

trend & momentum for long-term holders Buy
0 · 4 · 3
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
+19% Bullish
Price vs 50-day avg
+17% Bullish
RSI (14)
65 Neutral
MACD trend
Positive Bullish
52-week position
65% Neutral
Volume (OBV)
Confirms Neutral
Market signals — smart money & positioning
Bullish · 2 of 6
Trend (MA cross) No cross
50d $23 › 200d $23 — 50d above 200d
Institutional flow Distributing
307 of 345 funds reported for Sep 30 · net -5.4M sh shares · +38 new
Insider flow Flat
No net insider activity over 90 days
Short interest Falling
3.92% of shares out · ▼ -12.2% MoM · 3.6 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
345 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $14 Now $27 · 65% Range high $34
vs 200-day avg +19% vs 50-day avg +17%

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

Key metrics

the company's own KPIs, from written earnings releases and filings
Metric Latest Period YoY
Performance awards earned 1.08M Fiscal Year 2026 filing —
Performance awards granted 780K Fiscal Year 2026 filing —
SaaS ARR $244.3M fiscal 2026 filing —
Support revenues from maintenance contracts $235.3M fiscal 2026 filing —
Trade accounts receivable sold 20M fiscal year 2026 filing —
Net cash 46.8M Q4 FY2026 —
Q4 ending cash balance 211.8M Q4 FY2026 —
Share repurchases 25M Q4 FY2026 —
Total free cash flow non-GAAP 95.3M Fiscal Year 2026 —

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

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
$3.51B +60.7% +12.6% 68.6 3.9%
CSCO
Cisco Systems, Inc.
$377.07B +24.2% +2.8% 28.7 1.5%
MSI
Motorola Solutions, Inc.
$87.83B +38.6% +5.7% 42.8 2.1%
HPE
Hewlett Packard Enterprise Co
$64.10B +101.0% +13.8% 24.9 3.5%
LITE
Lumentum Holdings Inc.
$54.11B +61.9% +24.6% — 8.9%

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
348
% held
94.1%
Reported
307 of 345
Top holder
BlackRock, Inc.
Held Float
View
Held by Funds
Fund positions
335
View
Short & Settlement
Short Interest Falling
Shares short
5.1M
Days to cover
3.6d
Change
-715.3K sh
View
Short Volume
Short vol %
73%
As of
Nov 13, 2026
Short Total
View
Fails to Deliver
FTD shares
54
Value
$1.3K
As of
Oct 6, 2026
View
Off-Exchange
Off-exchange %
34.0%
Week of
Oct 5, 2026
Off-exch Lit
View
Financials
Financials
Revenue (FY)
$1.3B
Net income (FY)
$42.1M
EPS diluted
$0.31
View
Buybacks
Authorized
$200.0M
Remaining
$88.0M
Spent Remaining
View
Filings
SEC Filings
Latest
8-K
Filed
Nov 6, 2026
This year
19

At its November 4, 2026 annual meeting, Extreme Networks stockholders elected seven directors, approved executive compensation, ratified Deloitte & Touche LLP for the fiscal year ending June 30, 2027, and authorized adding 1,000,000 shares to its 2013 Equity Incentive Plan.

View
Proposed Sales
Value
$2.1M
Shares
100.0K
Filed
Oct 1, 2026
View
Earnings & Events
Webcasts Upcoming
Next webcast
Dec 2, 2026
Last webcast
Oct 28, 2026
View
Investor Relations
Latest news
Extreme Networks Announces Invest…
Published
Nov 3, 2026
Upcoming events
7
View

Performance

5D 20D 120D MTD YTD
EXTR +11.3% +23.1% -1.0% +18.3% +60.7%
SPY +2.6% -1.2% +0.5% -0.2% +10.6%
vs SPY +8.7% +24.3% -1.5% +18.5% +50.0%

Capital returns

Buyback program · as of Sep 30, 2026
Authorized
$200.00M
Spent (derived)
$112.00M
Remaining
$88.00M
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) 276 filings 253 filers Visit website Investor relations