Extreme Networks (NASDAQ:EXTR) Releases Q3 2026 Earnings Guidance

Extreme Networks (NASDAQ:EXTR) updated its third quarter 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.230-0.250 for the period, compared to the consensus estimate of 0.190. The company issued revenue guidance of $309.1 million-$314.1 million, compared to the consensus revenue estimate of $309.4 million. Extreme Networks also updated its FY 2026 guidance to 0.980-1.020 EPS.

Extreme Networks Trading Up 2.2%

EXTR opened at $15.02 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 2.32. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 214.57, a PEG ratio of 1.63 and a beta of 1.64. Extreme Networks has a 12 month low of $10.10 and a 12 month high of $22.89. The stock has a fifty day moving average price of $16.60 and a 200-day moving average price of $18.68.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. The company had revenue of $317.93 million for the quarter, compared to the consensus estimate of $312.33 million. Extreme Networks had a return on equity of 81.83% and a net margin of 0.73%.The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 earnings per share. Extreme Networks has set its Q3 2026 guidance at 0.230-0.250 EPS and its FY 2026 guidance at 0.980-1.020 EPS. As a group, equities research analysts anticipate that Extreme Networks will post 0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Rosenblatt Securities reiterated a “buy” rating and set a $25.00 price objective on shares of Extreme Networks in a research note on Thursday. Wall Street Zen raised shares of Extreme Networks from a “buy” rating to a “strong-buy” rating in a report on Sunday. Bank of America assumed coverage on Extreme Networks in a research report on Wednesday, November 19th. They set a “buy” rating and a $24.00 price target on the stock. Needham & Company LLC lowered their price objective on Extreme Networks from $24.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Oppenheimer upgraded Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 target price on the stock in a research note on Thursday, October 30th. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $23.33.

Insider Activity at Extreme Networks

In other news, CEO Edward Meyercord sold 50,000 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $16.54, for a total transaction of $827,000.00. Following the sale, the chief executive officer directly owned 1,871,418 shares of the company’s stock, valued at $30,953,253.72. The trade was a 2.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.60% of the company’s stock.

Extreme Networks News Roundup

Here are the key news stories impacting Extreme Networks this week:

• Positive Sentiment: Q2 results beat expectations — Extreme reported $0.26 EPS vs. $0.24 consensus and revenue of $317.93M vs. ~$312M expected; revenue grew 13.8% year‑over‑year, signaling continued share gains. Extreme Networks Reports Second Quarter Fiscal Year 2026 Financial Results
• Positive Sentiment: FY‑2026 guidance raised — management set FY EPS at $0.980–1.020 versus the prior consensus of ~$0.80, indicating materially stronger full‑year profitability expectations. (Guidance cited in company release/earnings commentary.) Press Release / Slide Deck
• Positive Sentiment: Q3 guidance ahead of estimates — Q3 EPS guided to $0.230–0.250 vs. consensus ~$0.19 and revenue guided roughly in line/above expectations; management highlighted that Extreme Platform ONE bookings were ~2x plan, supporting future revenue cadence. Earnings Snapshot / Call Materials
• Neutral Sentiment: Widespread coverage and call/transcript availability — multiple outlets published earnings transcripts and summaries (Seeking Alpha, MarketWatch, Zacks, Yahoo), providing transparency for investors reviewing the quarter and guidance. EXTR Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Short‑interest data appears anomalous — a report shows a large reported increase but the underlying numbers display zeros/NaN and a 0.0 days short‑interest ratio; treat that data as unreliable until clarified by exchanges/brokers. (Unclear near‑term impact.)

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of EXTR. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Extreme Networks during the third quarter worth about $31,000. Quarry LP raised its position in Extreme Networks by 74.9% during the 3rd quarter. Quarry LP now owns 2,610 shares of the technology company’s stock worth $54,000 after buying an additional 1,118 shares during the last quarter. Quadrant Capital Group LLC acquired a new stake in Extreme Networks during the 3rd quarter valued at approximately $91,000. Wexford Capital LP purchased a new stake in shares of Extreme Networks in the 3rd quarter valued at $95,000. Finally, Globeflex Capital L P purchased a new stake in shares of Extreme Networks in the 2nd quarter valued at $102,000. 91.05% of the stock is owned by institutional investors and hedge funds.

About Extreme Networks

Extreme Networks, Inc (NASDAQ: EXTR) is a global provider of end-to-end networking solutions designed to support enterprise, data center, and service provider environments. The company’s product portfolio encompasses high-performance wired and wireless access switches, routers, network security appliances, and software-defined networking (SDN) tools. Driven by a cloud-native management architecture, Extreme’s Intelligent Edge Platform integrates network analytics, automation and orchestration capabilities to help organizations optimize performance, reduce operational complexity and strengthen security.

Since its founding in the mid-1990s and subsequent public listing in 1999, Extreme Networks has expanded its technology footprint through targeted acquisitions.