Extreme Networks, Inc. (EXTR)
NEUTRALFundamental
66
Price
$22.81
Market Cap
$2.93B
Part 1 · What the company is worth
Overview
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.
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Direct competitors
Who this company fights with for the same customers
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No competitor list for this company yet.
Balance Sheet & Liquidity
Revenue
$1.28B
Trailing 12 months (through 6/30/2026)
Net Income
$42M
Trailing 12 months (through 6/30/2026)
Free Cash Flow
$95M
Total Equity
$89M
Total Liabilities
$1.09B
Current Ratio
0.93
Interest Coverage
4.55
Debt/EBITDA
2.34
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$42.28
Current Price
$22.81
Margin of Safety
+46.0%
Fair Value Range
$27.48 - $57.08
Estimation Methods
Valuation Metrics
P/E Ratio
72.19
ROE
47.5%
P/B Ratio
32.97
P/FCF
30.66
Gross Margin
61.5%
ROIC
8.5%
Profitability Radar
Value Creation (Economic Moat)
ROIC
8.5%
WACC
13.7%
ROIC − WACC
-5.2 pp
ROIC is below the cost of capital — the company is destroying value for every dollar invested.
Fundamental Analysis Criteria
Passed (16)
- EPS shows upward trend
- Price CAGR 16.43%
- ROIC 8.5%
- Gross Margin 61.5%
- Positive Free Cash Flow
- Current Ratio
- Interest Coverage
- Debt/EBITDA
- Return on Tangible Assets
- ROE 50.7%
- Analyst Consensus 86% Buy
- Earnings Surprise avg 5.4%
- PEG Ratio 0.92
- Earnings Quality (OCF/NI) 2.92
- Net Margin Trend 3.3% vs -0.7%
- Piotroski F-Score 7/9
Failed (10)
- P/FCF 30.66
- P/B Ratio 32.97
- Debt/Equity ratio
- Operating Margin 4.9%
- CapEx intensity
- Low reliance on intangibles
- Price below Graham Number
- DCF valuation (Overvalued)
- Revenue Growth 5Y 4.9%
- Share Dilution 9.2%
Unavailable (1)
- Dividend Payout NaN%
Piotroski F-Score
Strong financial health
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Issuing new shares, diluting ownership
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Edward B. Meyercord III | President, CEO & Executive Director | 60 |
| Mr. Kevin Rhodes | Executive VP of Finance & CFO | 56 |
| Ms. Katayoun Motiey J.D. | Chief Legal, Administrative & Sustainability Officer, Corporate Secretary and General Counsel | - |
| Mr. Syed Nabeel Anwar Bukhari | President of AI Platforms, EVP & Chief Technology Officer | 48 |
| Ms. Anisha Vaswani | Chief Information & Customer Officer | - |
| Mr. Stanley Kovler | Senior Vice President of Finance & Corporate Development | - |
| Ms. Monica Kumar | Executive VP & Chief Marketing Officer | - |
| Ms. Kimberley Basnight | Chief People Officer | - |
| Mr. Norman J. Rice III | Chief Commercial Officer | 51 |
| Ms. Gina M. Christopher | Deputy General Counsel | - |
Audit Risk
1
Board Risk
3
Compensation Risk
4
Shareholder Rights Risk
4
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Latest News
Recent headlines for EXTR, sourced from Markets Gazette.