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Extreme Networks stock

EXTRNASDAQ

Extreme Networks, Inc., TechnologyISIN US30226D1063

$27.18▲ $0.51 (+1.9%)Closing price of 12 Nov 2026

60Score 60 out of 100, Neutral

Turn on early warning

Price and trend

85 / 100

Price history

+49% in one year

The chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.

Long-term trend

Above the 200-day line: the price is 21% above it.

Trend change

Since May 2026 the 50-day line has been above the 200-day line; the trend has turned up.

Momentum

Normal: the price is neither overheated nor sold off (RSI 70).

Distance to the high

The price is 19% below its 52-week high. Largest decline in 20 years: 88% (January 2018 to March 2020).

Chart figures for advanced users
SMA 50$22.78
Average price of the last 50 trading days, shows the short-term trend.
SMA 200$22.46
Average price of the last 200 trading days, shows the long-term trend.
RSI (14)70
Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
MACDabove the signal line
Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
Support$13.74
The lowest closing price of the last twelve months.
Resistance$33.71
The highest closing price of the last twelve months.
Market cap
$3.5B
Div. yield
no dividend
68.4
on reported earnings of the last twelve months
18.5
on earnings for the next twelve months ($1.44 per share)
Fair value
$22.37

Snapshot

Computed from the data by fixed rules, no AI

  • Extreme Networks, Inc. belongs to the Communication Equipment industry (United States) and, with a market value of $3.57B, is number 33 of 55 companies in its industry on MEQIRI.
  • For fiscal 2027, analysts expect on average revenue of $1.41B (up 9.7%) and adjusted earnings per share of $1.37 (up 29.1%).
  • MEQIRI Score 60 out of 100 (Neutral): rank 443 of 857 in Technology, median 61.
Show more
  • The P/E is 69.7 (Communication Equipment median 32.5, own median of recent years 43.4).
  • Our model puts fair value at $22.37, with the price 19% above it.

In plain words

The numbers on this page in plain words, written by an AI

Strengths

  • Earnings per share growingUp 83% a year since 2021.Growth 63
  • Earnings turn into cashFree cash flow 230% of earnings over the last 12 months.Fundamentals 62
  • More cash than debtCash $244.52M, financial debt $228.2M.

Weaknesses

  • High debtDebt 2.59 times equity (latest quarter), Communication Equipment median 0.17.Stability 35
  • Richly valuedP/E 69.7, Communication Equipment median 32.5, own median 43.4.Valuation 24
  • Volatile share priceVolatility 56% a year over the last 12 months.Stability 35
60/ 100
MEQIRI Score
Neutral

Its standout strengths are momentum and technical analysis, while stability and valuation hold the score back.

Daily figure as of 12 Nov 2026

How the score is calculated

Score overview

Score since yesterday from 59 to 60.

The fundamentals are in the middle range.

Profit consistency40% of years
Cash conversion (free cash flow to earnings, 12 months)230%
ROIC (12 months)10.2%
Positive free cash flow90% of years
How this category is measured

Score history

The full history of up to 20 years comes with MEQIRI Pro.

See plans

Crash risk high

How well MEQIRI warns

One of the 30% with the highest crash risk among smaller stocks.

From 2016 to 2025, 36 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.

What drives the risk

  • high price swings

What lowers it

  • stable momentum

Valuation

Valuation signal

Fairly valued
Price
$26.67
Fair value
$22.37
Gap to fair value
+19%

Closing price of 11 Nov 2026, used by the daily score.

In our model the price counts as cheap below $15.98 and expensive above $37.29 (uncertainty high, based on the price swings of the past year).

The two parts of the fair value come to $32.07 (cash-flow model) and $12.68 (industry comparison), and the gap between them shows how uncertain the estimate is.

Calculated with a cost of equity of 9.3%. At 10.3% the fair value would be $19.79, at 8.3% it would be $26.12.

Valuation metrics

5.11
37.3
Fair value (model)
$22.37
Earnings part $12.68 (earnings per share $0.39 × 32.5)

Half from the cash-flow model, half from earnings times the industry P/E (32.5).

Calculate with your own assumptions

Company performance

This shows several years of history with an automatic assessment.

Revenue

20 years

In the twelve months to 30 Sep 2026, revenue rose 11.3% on the twelve months before. Revenue has grown solidly since 2007, at about 7% per year.

Margins

20 years
  • Gross margin
  • Operating margin
  • Net margin

In fiscal 2026: gross 61%, operating 5%, net 3%.

Debt & balance sheet

latest quarter
2.59
4.7x
1.02
Cash & equivalents
$244.52M

Debt is elevated. Keep an eye on the interest burden and refinancing.

Earnings

Next earnings
27 Jan 2027in 76 days
Last reported
28 Oct 2026EPS reported $0.33 (expected $0.28)above expectations

Analyst estimates

Analysts have raised their 2027 earnings estimate by 4.8% since 15 Oct 2026.

Fiscal 20276 analysts
Earnings per share
$1.37+4.8%
Revenue
$1.41B+1.0%
Fiscal 20286 analysts
Earnings per share
$1.56+2.9%
Revenue
$1.55B+1.5%

MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.

Company outlook raised

Share price after the results: −1.1%

Extreme Networks raised its full year fiscal 2027 revenue guidance to about 10% growth, up from 8% previously, and also increased its earnings and margin outlook.

Supporting passage from the call, verbatim
“SaaS ARR accelerated to 22% year over year growth and reached $265 million Based on the combination of our performance visibility into customer demand, strong funnel growth, continued share gains, and accelerating adoption of Extreme Platform 1, we are raising our expectations to 10% growth for both the second …”

The outlook is not part of the score and not a recommendation to buy or sell.

From the earnings call on 28 Oct 2026 (fiscal Q1 2027), read by AI.

Insiders

Open-market purchases and sales by executives, board members and major holders

All insider purchases

No open-market purchases in the last 6 months. 5 insiders sold, $18.18M in total.

Sales say less than purchases: many insiders sell on a fixed plan, for taxes or to diversify.

  • Meyercord EdwardSale

    2 Nov 2026, PRESIDENT AND CEO

    Shares
    50,000
    Price
    $22.57
    Value
    $1.13M
  • Meyercord EdwardSale

    1 Oct 2026, PRESIDENT AND CEO

    Shares
    50,000
    Price
    $21.77
    Value
    $1.09M
  • Meyercord EdwardSale

    1 Sept 2026, PRESIDENT AND CEO

    Shares
    50,000
    Price
    $21.90
    Value
    $1.09M
Show 16 more
  • Rhodes Kevin RSale

    21 Aug 2026, EVP Chief Financial Officer

    Shares
    21,825
    Price
    $22.30
    Value
    $486,698
  • Khanna RajSale

    10 Aug 2026, Board

    Shares
    15,000
    Price
    $24.20
    Value
    $363,002
  • Meyercord EdwardSale

    3 Aug 2026, PRESIDENT AND CEO

    Shares
    50,000
    Price
    $29.79
    Value
    $1.49M
  • Meyercord EdwardSale

    1 Jul 2026, PRESIDENT AND CEO

    Shares
    50,000
    Price
    $31.71
    Value
    $1.59M
  • Motiey KatayounSale

    12 Jun 2026, Chief Legal Admin Sust Officer

    Shares
    30,000
    Price
    $31.03
    Value
    $930,762
  • Rhodes Kevin RSale

    11 Jun 2026, EVP Chief Financial Officer

    Shares
    35,000
    Price
    $30.43
    Value
    $1.07M
  • Motiey KatayounSale

    8 Jun 2026, Chief Legal Admin Sust Officer

    Shares
    7,500
    Price
    $30.00
    Value
    $225,000
  • Motiey KatayounSale

    2 Jun 2026, Chief Legal Admin Sust Officer

    Shares
    7,500
    Price
    $29.00
    Value
    $217,500
  • Meyercord EdwardSale

    2 Jun 2026, PRESIDENT AND CEO

    Shares
    100,000
    Price
    $29.20
    Value
    $2.92M
  • Motiey KatayounSale

    1 Jun 2026, Chief Legal Admin Sust Officer

    Shares
    7,500
    Price
    $28.00
    Value
    $210,000
  • Meyercord EdwardSale

    1 Jun 2026, PRESIDENT AND CEO

    Shares
    50,000
    Price
    $27.64
    Value
    $1.38M
  • Motiey KatayounSale

    26 May 2026, Chief Legal Admin Sust Officer

    Shares
    15,000
    Price
    $26.50
    Value
    $397,500
  • Meyercord EdwardSale

    26 May 2026, PRESIDENT AND CEO

    Shares
    100,000
    Price
    $26.10
    Value
    $2.61M
  • Holmgren Kathleen MSale

    15 May 2026, Board

    Shares
    19,521
    Price
    $24.78
    Value
    $483,783
  • Motiey KatayounSale

    14 May 2026, Chief Legal Admin Sust Officer

    Shares
    7,661
    Price
    $25.00
    Value
    $191,525
  • Rhodes Kevin RSale

    14 May 2026, EVP Chief Financial Officer

    Shares
    12,410
    Price
    $25.00
    Value
    $310,250

Partial trades from one filing are shown in one row, with the average price.

Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.

What happened at Extreme Networks

The key events of the last six months from our own data. A click takes you to the matching card.

Sector comparison

857 rated companies in Technology

Rank 443 of 857
443/ 857
This company
60
Sector median
61

Categories against the sector median

ProfitabilityMedian of 857 companies63 (median 59)4 above the median
GrowthMedian of 857 companies63 (median 68)5 below the median
FundamentalsMedian of 857 companies62 (median 67)5 below the median
ValuationMedian of 788 companies with a value24 (median 52)28 below the median
StabilityMedian of 857 companies35 (median 67)32 below the median
Capital allocationMedian of 857 companies41 (median 53)12 below the median
Technical analysisMedian of 857 companies85 (median 59)26 above the median
MomentumMedian of 857 companies91 (median 56)35 above the median

The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.

Competitors in Communication Equipment

The next larger and next smaller companies by market value

All 55 Communication Equipment stocks

ETFs that hold Extreme Networks

Held by 18 ETFs on Xetra. Shown per index: the ETF with the largest weight.

ETFWeightCostFund size
Invesco Cybersecurity UCITS ETF AccumUSDIVCS2.29%0.35%€14M
iShares Digital Security UCITS ETFIS4S0.58%0.40%€1.9B
iShares Smart City Infrastructure UCITS ETFAYEU0.41%0.40%€343.1M
Show 5 more

Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).

Data status and sources

Score
Daily value of 12 Nov 2026, recalculated nightly
Price
Closing price of 12 Nov 2026
Latest annual report
Fiscal year 2026, period end 30 Jun 2026
Source
Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.

Mandatory disclosures for this rating

  • ; time horizon around 12 months
  • Rated Neutral, published since 7 Nov 2026 (in the score history since 21 Aug 2026)
  • Valuation signal Fairly valued since 7 Nov 2026
  • End-of-day prices, metrics cached for up to 24 hours
  • Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
  • Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
  • Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.

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