Extreme Networks, Inc. (EXTR)Technology | Communication Equipment | Morrisville, United States | NasdaqGS
32.91 USD
-0.80
(-2.373%) ⇩
(July 13, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 5:30 a.m. EDT
Extreme Networks presents a classic 'value trap' scenario where the business story has improved, but the market has not yet fully priced in the recovery. Fundamentally, the company is showing signs of life with double-digit revenue growth (+11.4%) and a massive earnings beat (+206%), which justifies the shift from a trailing P/E of 280 to a forward P/E of roughly 26. The balance sheet remains fragile with debt-to-equity near 300%, but the cash flow generation is positive. The long-term rating is capped at 3.5 because, despite the operational turnaround, the stock is still trading well below its 52-week highs, and the multi-year price history shows a brutal decline that suggests the market is still skeptical of the sustainability of these gains. The short-term outlook is more optimistic (3.5 stars) due to the recent price stabilization and the fact that the stock is approaching key resistance levels where options flow suggests a battle between bulls and bears. There is no dividend to provide income, making this purely a capital appreciation play. Investors should view this as a speculative recovery trade: the fundamentals are turning, but the path to a full valuation reset is likely to be choppy and volatile. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.051946 |
| AutoTheta | 0.091256 |
| MSTL | 0.194364 |
| AutoETS | 0.202855 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 34% |
| H-stat | 3.88 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.104 |
| Excess Kurtosis | 0.03 |
| Attribute | Value |
|---|---|
| Sector | Technology |
| Debt to Equity Ratio | 298.536 |
| Revenue per Share | 9.403 |
| Market Cap | 4,303,906,816 |
| Trailing P/E | 274.25 |
| Forward P/E | 25.19 |
| Beta | 1.77 |
| Profit Margins | 1.30% |
| Website | https://www.extremenetworks.com |
As of July 11, 2026, 5:30 a.m. EDT: Speculators are positioning for a volatile rebound rather than a steady grind higher. In the near term (July/August), there is heavy open interest at the $35 strike, acting as a ceiling, while significant volume is being placed at lower strikes ($30-$31) suggesting a potential bounce from current levels. However, the September expiration shows a stark divergence: massive open interest walls at deep out-of-the-money strikes ($12-$14) alongside a volume spike at $31, indicating a bet on a sharp, perhaps V-shaped, move away from the mid-$30s. Put writers are also active at lower strikes ($15-$20) for later expirations, capping downside risk if the stock drops significantly, but the overall sentiment leans toward a high-beta swing trade rather than a directional trend.
| Attribute | Value |
|---|---|
| 52 Week Change | 0.97480965 |
| Address1 | 2,121 RDU Center Drive |
| Address2 | Suite 300 |
| All Time High | 128.875 |
| All Time Low | 1.06 |
| Ask | 37.33 |
| Ask Size | 1 |
| Audit Risk | 1 |
| Average Daily Volume10 Day | 2,512,170 |
| Average Daily Volume3 Month | 2,576,342 |
| Average Volume | 2,576,342 |
| Average Volume10Days | 2,512,170 |
| Beta | 1.772 |
| Bid | 28.5 |
| Bid Size | 1 |
| Board Risk | 3 |
| Book Value | 0.596 |
| City | Morrisville |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 4 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 32.91 |
| Current Ratio | 0.913 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,782,777,600 |
| Day High | 33.46 |
| Day Low | 31.94 |
| Debt To Equity | 298.536 |
| Display Name | Extreme Networks |
| Earnings Call Timestamp End | 1,785,960,000 |
| Earnings Call Timestamp Start | 1,785,960,000 |
| Earnings Growth | 2.064 |
| Earnings Quarterly Growth | 2.062 |
| Earnings Timestamp | 1,785,933,000 |
| Earnings Timestamp End | 1,785,933,000 |
| Earnings Timestamp Start | 1,785,933,000 |
| Ebitda | 93,964,000 |
| Ebitda Margins | 0.075050004 |
| Enterprise To Ebitda | 46.077 |
| Enterprise To Revenue | 3.458 |
| Enterprise Value | 4,329,532,928 |
| Eps Current Year | 1.03254 |
| Eps Forward | 1.30665 |
| Eps Trailing Twelve Months | 0.12 |
| Esg Populated | 0 |
| Exchange | NMS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 27.804 |
| Fifty Day Average Change | 5.105999 |
| Fifty Day Average Change Percent | 0.1836426 |
| Fifty Two Week Change Percent | 97.480965 |
| Fifty Two Week High | 33.73 |
| Fifty Two Week High Change | -0.8199997 |
| Fifty Two Week High Change Percent | -0.024310693 |
| Fifty Two Week Low | 13.48 |
| Fifty Two Week Low Change | 19.43 |
| Fifty Two Week Low Change Percent | 1.4413947 |
| Fifty Two Week Range | 13.48 - 33.73 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 923,664,600,000 |
| Float Shares | 126,513,415 |
| Forward Eps | 1.30665 |
| Forward P E | 25.186544 |
| Free Cashflow | 124,755,504 |
| Full Exchange Name | NasdaqGS |
| Full Time Employees | 2,811 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,782,864,000 |
| Gross Margins | 0.61319 |
| Gross Profits | 767,740,992 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.030869998 |
| Held Percent Institutions | 1.0094 |
| Implied Shares Outstanding | 130,778,088 |
| Industry | Communication Equipment |
| Industry Disp | Communication Equipment |
| Industry Key | communication-equipment |
| Ir Website | http://investor.extremenetworks.com |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Fiscal Year End | 1,751,241,600 |
| 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. The company offers ExtremeCloud IQ, an ML/AI powered, wired and wireless cloud network management solution that offers advanced visibility and control over users, devices, and applications; ExtremeCloud IQ-Site Engine, which provides task automation, access control, granular visibility with real-time analytics and multi-vendor device management; and ExtremeCloud IQ Essentials that offers wireless intrusion prevention system, location services, and guest management services. It also provides wireless local area networks access point products; wired for edge, campus, and data center solutions through Extreme Switching that offers access edge products, such as connection speeds for physical presentations along with options to deliver Ethernet or convergence-friendly power-over-ethernet; and ExtremeCloud SD-WAN, a software-defined wide area networks solution offering an all-inclusive subscription, which includes hardware, the cloud-based SD-WAN service, support and maintenance, and customer success support; and ExtremeCloud Universal ZTNA, a network access security solution. In addition, the company offers cloud native platforms and applications; and customer services and support, including post-sale support, consultative, customized training and operational manuals, and education classes. It serves mid-market and enterprise customers, as well as service providers in the sports and entertainment venues, hospitality, retail, transportation and logistics, education, government, healthcare, and manufacturing industries. The company sells its products through original equipment manufacturers and strategic relationships, distributors, resellers, and field sales. Extreme Networks, Inc., was incorporated in 1996 and is headquartered in Morrisville, North Carolina. |
| Long Name | Extreme Networks, Inc. |
| Market | us_market |
| Market Cap | 4,303,906,816 |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_28374 |
| Most Recent Quarter | 1,774,915,200 |
| Net Income To Common | 16,274,000 |
| Next Fiscal Year End | 1,782,777,600 |
| Non Diluted Market Cap | 4,408,529,346 |
| Number Of Analyst Opinions | 8 |
| Open | 33.26 |
| Operating Cashflow | 132,272,000 |
| Operating Margins | 0.05472 |
| Overall Risk | 2 |
| Payout Ratio | 0.0 |
| Peg Ratio | 1.25 |
| Phone | 408 579 2800 |
| Pre Market Change | 0.29000092 |
| Pre Market Change Percent | 0.88119394 |
| Pre Market Price | 33.2 |
| Pre Market Time | 1,784,017,615 |
| Previous Close | 33.71 |
| Price Eps Current Year | 31.872858 |
| Price Hint | 2 |
| Price To Book | 55.21812 |
| Price To Sales Trailing12 Months | 3.4374962 |
| Profit Margins | 0.012999999 |
| Quick Ratio | 0.628 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | -0.799999 |
| Regular Market Change Percent | -2.37318 |
| Regular Market Day High | 33.46 |
| Regular Market Day Low | 31.94 |
| Regular Market Day Range | 31.94 - 33.46 |
| Regular Market Open | 33.26 |
| Regular Market Previous Close | 33.71 |
| Regular Market Price | 32.91 |
| Regular Market Time | 1,783,972,801 |
| Regular Market Volume | 1,597,977 |
| Return On Assets | 0.041869998 |
| Return On Equity | 0.21601999 |
| Revenue Growth | 0.114 |
| Revenue Per Share | 9.403 |
| Sand P52 Week Change | 0.20847368 |
| Sector | Technology |
| Sector Disp | Technology |
| Sector Key | technology |
| Share Holder Rights Risk | 4 |
| Shares Outstanding | 130,778,088 |
| Shares Percent Shares Out | 0.060500003 |
| Shares Short | 7,907,798 |
| Shares Short Previous Month Date | 1,780,012,800 |
| Shares Short Prior Month | 8,418,678 |
| Short Name | Extreme Networks, Inc. |
| Short Percent Of Float | 0.0885 |
| Short Ratio | 3.35 |
| Source Interval | 15 |
| State | NC |
| Symbol | EXTR |
| Target High Price | 39.0 |
| Target Low Price | 22.5 |
| Target Mean Price | 29.0625 |
| Target Median Price | 27.0 |
| Total Cash | 210,112,992 |
| Total Cash Per Share | 1.607 |
| Total Debt | 235,739,008 |
| Total Revenue | 1,252,046,976 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | 0.12 |
| Trailing P E | 274.25 |
| Trailing Peg Ratio | 1.2485 |
| Triggerable | 1 |
| Two Hundred Day Average | 19.632 |
| Two Hundred Day Average Change | 13.278 |
| Two Hundred Day Average Change Percent | 0.67634475 |
| Type Disp | Equity |
| Volume | 1,597,977 |
| Website | https://www.extremenetworks.com |
| Zip | 27,560 |