Extreme Networks, Inc. (EXTR)Technology | Communication Equipment | Morrisville, United States | NasdaqGS
22.58 USD
-0.65
(-2.798%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 22.50 -0.08 (-0.083%) ⇩ (Aug. 28, 2026, 7:30 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 4:28 a.m. EDT
The narrative here is one of a classic 'value trap' turning into a speculative turnaround story. Fundamentally, the company is showing signs of life with double-digit revenue growth and a forward P/E that has compressed significantly from historical highs, suggesting the market is finally pricing in a recovery. However, the balance sheet remains fragile with a debt-to-equity ratio exceeding 200%, which limits the ability to fund aggressive expansion without dilution. The recent price action shows a violent correction from a 163% run, leaving the stock trading well below its 52-week high but still elevated relative to its 200-day average. This creates a tense setup where the long-term thesis is improving, but the short-term path is fraught with volatility. The options market confirms this tension, with heavy bets placed on a breakout to $30, but also significant protection bought just below current levels. Until the balance sheet stabilizes and the revenue growth proves sustainable over multiple quarters, this remains a high-risk, high-reward situation rather than a clear buy. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.072380 |
| AutoTheta | 0.211159 |
| AutoARIMA | 0.287711 |
| MSTL | 0.316858 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 28% |
| H-stat | 1.43 |
| Ljung-Box p | 0.001 |
| Jarque-Bera p | 0.000 |
| Excess Kurtosis | 3.80 |
| Attribute | Value |
|---|---|
| Sector | Technology |
| Debt to Equity Ratio | 219.625 |
| Revenue per Share | 9.669 |
| Market Cap | 2,946,479,104 |
| Trailing P/E | 75.27 |
| Forward P/E | 14.85 |
| Beta | 1.80 |
| Profit Margins | 3.28% |
| Website | https://www.extremenetworks.com |
As of Aug. 22, 2026, 4:28 a.m. EDT: Speculators are positioning for a volatile rebound rather than a steady grind. In the September expiration, there is a massive concentration of open interest at the $30 strike, creating a significant barrier that suggests traders expect a sharp move toward that level. However, the presence of substantial volume and open interest in out-of-the-money puts (specifically the $28 strike with new flow) indicates a hedging strategy against a potential failure to break through resistance. The implied volatility surface shows elevated premiums for deep out-of-the-money strikes, reflecting uncertainty about whether the recent surge will sustain or reverse.
| Attribute | Value |
|---|---|
| 52 Week Change | 0.046824336 |
| Address1 | 2,121 RDU Center Drive |
| Address2 | Suite 300 |
| All Time High | 128.875 |
| All Time Low | 1.06 |
| Ask | 25.77 |
| Ask Size | 1 |
| Audit Risk | 1 |
| Average Daily Volume10 Day | 1,445,730 |
| Average Daily Volume3 Month | 1,959,801 |
| Average Volume | 1,959,801 |
| Average Volume10Days | 1,445,730 |
| Beta | 1.798 |
| Bid | 19.62 |
| Bid Size | 1 |
| Board Risk | 3 |
| Book Value | 0.675 |
| City | Morrisville |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 4 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 22.58 |
| Current Ratio | 0.928 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,786,665,600 |
| Day High | 23.4 |
| Day Low | 22.325 |
| Debt To Equity | 219.625 |
| Display Name | Extreme Networks |
| Earnings Call Timestamp End | 1,785,931,200 |
| Earnings Call Timestamp Start | 1,785,931,200 |
| Earnings Timestamp | 1,785,933,000 |
| Earnings Timestamp End | 1,793,190,600 |
| Earnings Timestamp Start | 1,793,190,600 |
| Ebitda | 83,159,000 |
| Ebitda Margins | 0.06479 |
| Enterprise To Ebitda | 35.225 |
| Enterprise To Revenue | 2.282 |
| Enterprise Value | 2,929,286,912 |
| Eps Current Year | 1.30506 |
| Eps Forward | 1.52032 |
| Eps Trailing Twelve Months | 0.3 |
| Esg Populated | 0 |
| Exchange | NMS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 28.3122 |
| Fifty Day Average Change | -5.7322006 |
| Fifty Day Average Change Percent | -0.20246397 |
| Fifty Two Week Change Percent | 4.6824336 |
| Fifty Two Week High | 33.73 |
| Fifty Two Week High Change | -11.15 |
| Fifty Two Week High Change Percent | -0.33056626 |
| Fifty Two Week Low | 13.48 |
| Fifty Two Week Low Change | 9.1 |
| Fifty Two Week Low Change Percent | 0.6750742 |
| Fifty Two Week Range | 13.48 - 33.73 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 923,664,600,000 |
| Float Shares | 126,219,694 |
| Forward Eps | 1.52032 |
| Forward P E | 14.852136 |
| Free Cashflow | 81,449,504 |
| Full Exchange Name | NasdaqGS |
| Full Time Employees | 2,894 |
| Fullday Change | -0.65 |
| Fullday Change Percent | -2.7981 |
| Fullday Price | 22.4972 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,785,542,400 |
| Gross Margins | 0.61479 |
| Gross Profits | 789,140,992 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.03272 |
| Held Percent Institutions | 1.01595 |
| Implied Shares Outstanding | 130,490,653 |
| Industry | Communication Equipment |
| Industry Disp | Communication Equipment |
| Industry Key | communication-equipment |
| Ir Website | http://investor.extremenetworks.com |
| Is Earnings Date Estimate | 1 |
| Language | en-US |
| Last Fiscal Year End | 1,782,777,600 |
| Last Split Date | 967,161,600 |
| Last Split Factor | 2:1 |
| Long Business Summary | Extreme Networks, Inc., together with its subsidiaries, develops, markets, and sells network infrastructure equipment and related software in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It offers ExtremeCloud IQ, a machine learning/AI powered, wired and wireless cloud network management solution that offers visibility and control over users, devices, and applications; ExtremeCloud IQ-Site Engine which extends cloud management to non-cloud native and multi-vendor devices; ExtremeCloud IQ Essentials provides wireless intrusion prevention system, location services, and guest management services; and ExtremeCloud SD-WAN, a software-defined wide area networks solution offered as an all-inclusive subscription, which includes hardware, the cloud-based SD-WAN service, support and maintenance, and customer success support. The company also provides indoor and outdoor Wi-Fi 7 and prior generation Aps; WIPS solutions; switch products; Cloud Native Platforms and Applications for Service Providers; and ExtremeCloud Universal ZTNA. In addition, the company offers customer and support services, such as support services for end-users, resellers, and distributors; and premier, professional, and education services. It sells its products through original equipment manufacturers, strategic relationships, distributors, resellers, and field sales. The company serves mid-market and enterprise customers, and services providers. Extreme Networks, Inc., was incorporated in 1996 and is headquartered in Morrisville, North Carolina. |
| Long Name | Extreme Networks, Inc. |
| Market | us_market |
| Market Cap | 2,946,479,104 |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_28374 |
| Most Recent Quarter | 1,782,777,600 |
| Net Income To Common | 42,119,000 |
| Next Fiscal Year End | 1,814,313,600 |
| Non Diluted Market Cap | 3,031,297,869 |
| Number Of Analyst Opinions | 8 |
| Open | 23.12 |
| Operating Cashflow | 123,182,000 |
| Operating Margins | 0.064380005 |
| Overall Risk | 2 |
| Payout Ratio | 0.0 |
| Peg Ratio | 0.85 |
| Phone | 408 579 2800 |
| Post Market Change | -0.08279991 |
| Post Market Change Percent | -0.3666958 |
| Post Market Price | 22.4972 |
| Post Market Time | 1,787,959,804 |
| Previous Close | 23.23 |
| Price Eps Current Year | 17.301886 |
| Price Hint | 2 |
| Price To Book | 33.45185 |
| Price To Sales Trailing12 Months | 2.2954934 |
| Profit Margins | 0.03281 |
| Quick Ratio | 0.635 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | -0.65 |
| Regular Market Change Percent | -2.7981 |
| Regular Market Day High | 23.4 |
| Regular Market Day Low | 22.325 |
| Regular Market Day Range | 22.325 - 23.4 |
| Regular Market Open | 23.12 |
| Regular Market Previous Close | 23.23 |
| Regular Market Price | 22.58 |
| Regular Market Time | 1,787,947,201 |
| Regular Market Volume | 1,638,827 |
| Return On Assets | 0.0343 |
| Return On Equity | 0.54638 |
| Revenue Growth | 0.103 |
| Revenue Per Share | 9.669 |
| Sand P52 Week Change | 0.20204377 |
| Sector | Technology |
| Sector Disp | Technology |
| Sector Key | technology |
| Share Holder Rights Risk | 4 |
| Shares Outstanding | 130,490,653 |
| Shares Percent Shares Out | 0.056599997 |
| Shares Short | 7,385,013 |
| Shares Short Previous Month Date | 1,784,073,600 |
| Shares Short Prior Month | 7,281,726 |
| Short Name | Extreme Networks, Inc. |
| Short Percent Of Float | 0.0829 |
| Short Ratio | 3.99 |
| Source Interval | 15 |
| State | NC |
| Symbol | EXTR |
| Target High Price | 38.0 |
| Target Low Price | 28.0 |
| Target Mean Price | 33.5 |
| Target Median Price | 34.0 |
| Total Cash | 211,758,000 |
| Total Cash Per Share | 1.623 |
| Total Debt | 194,566,000 |
| Total Revenue | 1,283,592,960 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | 0.3 |
| Trailing P E | 75.26666 |
| Trailing Peg Ratio | 0.854 |
| Triggerable | 1 |
| Two Hundred Day Average | 20.85535 |
| Two Hundred Day Average Change | 1.7246494 |
| Two Hundred Day Average Change Percent | 0.082695775 |
| Type Disp | Equity |
| Volume | 1,638,827 |
| Website | https://www.extremenetworks.com |
| Zip | 27,560 |