Extreme Networks, Inc.
NASDAQ•EXTR
CEO: Mr. Edward B. Meyercord III
Sector: Technology
Industry: Communication Equipment
Listing Date: 1999-04-09
Extreme Networks, Inc. provides software-driven networking solutions worldwide. It designs, develops, and manufactures wired, wireless, and software-defined wide area-network infrastructure equipment. 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 that provides task automation, access control, granular visibility with real-time analytics and multi-vendor device management; and ExtremeCloud IQ Essentials offers WIPS, location services, IoT, and guest management services. It also provides wireless local area networks access point products; ExtremeSwitching portfolio that includes access edge products, which offer connection speeds physical presentations along with options to deliver Ethernet or convergence-friendly Power-over-Ethernet (POE), including high-power universal POE; ExtremeCloud SD-WAN, a software-defined wide area networks solution offers an all-inclusive subscription, which includes hardware, the cloud-based SD-WAN service, support and maintenance, and customer success support; aggregation/core switches designed to address aggregation, top-of-rack, and campus core environments; and data center switches and routers. In addition, the company offers cloud native platforms and applications for service providers; and customer support and services. It markets and sells its products through distributors, resellers, and field sales organizations to healthcare, education, government, manufacturing, retail, and hospitality markets. The company was incorporated in 1996 and is headquartered in Morrisville, North Carolina.
Contact Information
2121 RDU Center Drive, Suite 300, Morrisville, NC, 27560, United States
408-579-2800
Market Cap
$1.91B
P/E (TTM)
207.1
43.1
Dividend Yield
--
52W High
$22.89
52W Low
$10.10
52W Range
Rank50Top 68.9%
3.1
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q2 2026 Data
Revenue
$317.93M+13.81%
4-Quarter Trend
EPS
$0.06+5.38%
4-Quarter Trend
FCF
$56.99M+253.47%
4-Quarter Trend
2026 Q2 Earnings Highlights
Key Highlights
Six Month Revenue Growth Total net revenues reached $628.17M, marking a 14.5% increase compared to $548.559M in prior period.
Income Turnaround Achieved Switched to Net Income $13.487M for six months; prior period reflected a $(3.122)M net loss.
Product Revenue Strength Product revenues grew 17.1% to $391.806M for the six months, driven by strong product bookings.
Operating Cash Flow Net cash provided by operating activities was $36.140M for the six months ended December 31, 2025.
Risk Factors
Ongoing Legal Exposure Multiple ongoing legal proceedings, including patent infringement and securities class actions, pose potential financial risk.
Gross Margin Compression Total gross margin decreased to 61.0% from 62.8% due to higher subscription hosting and service costs.
Debt Covenants Monitoring Total debt stands at $170.865M, requiring compliance with minimum financial ratios under the Amended Credit Agreement.
Intangible Asset Amortization Future amortization expense of $1.524M is estimated for fiscal 2026, impacting future cost of revenues.
Outlook
AI Networking Strategy Focus Targeting AI Networking for Campus segment, forecasted to grow at a 72% CAGR over the next five years.
Share Repurchase Availability $188.0M remains available for common stock repurchases under the authorized 2025 Repurchase Program.
Unrecognized Compensation Costs $119.8M in unrecognized cost for stock awards is expected to be recognized over a weighted average of 1.80 years.
New Tax Legislation Impact Currently evaluating the impact of recently enacted OBBBA legislation on tax rates and R&D deductibility.
Peer Comparison
Revenue (TTM)
$12.68B
$9.83B
$3.42B
Gross Margin (Latest Quarter)
442.9%
77.5%
71.4%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| VIAV | $7.65B | -177.0 | -5.4% | 47.9% |
| ONDS | $4.50B | -61.0 | -27.6% | 3.3% |
| RNG | $3.29B | 73.1 | -8.9% | 100.0% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
3.8%
Moderate Growth
4Q Net Income CAGR
31.6%
Profitability Improved
Cash Flow Stability
75%
Volatile Cash Flow
Deep Research
Next earnings:Apr 28, 2026
EPS:-
|Revenue:-
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
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