Extreme Networks (NASDAQ:EXTR) Issues FY 2026 Earnings Guidance

Extreme Networks (NASDAQ:EXTR) updated its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 0.980-1.020 for the period, compared to the consensus EPS estimate of 0.800. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion. Extreme Networks also updated its Q3 2026 guidance to 0.230-0.250 EPS.

Extreme Networks Stock Performance

Shares of NASDAQ:EXTR traded up $0.48 on Friday, hitting $14.85. The company had a trading volume of 130,972 shares, compared to its average volume of 1,654,697. Extreme Networks has a 1-year low of $10.10 and a 1-year high of $22.89. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 212.17, a P/E/G ratio of 1.67 and a beta of 1.64. The stock has a 50 day moving average price of $16.55 and a 200 day moving average price of $18.65. The company has a current ratio of 0.95, a quick ratio of 0.75 and a debt-to-equity ratio of 1.61.

Extreme Networks (NASDAQ:EXTR) last released its quarterly earnings results on Wednesday, January 28th. The technology company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. The business had revenue of $317.93 million for the quarter, compared to the consensus estimate of $312.33 million. Extreme Networks had a net margin of 0.75% and a return on equity of 75.56%. Extreme Networks’s revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the company posted $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. Analysts expect that Extreme Networks will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised Extreme Networks from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 25th. Bank of America started coverage on Extreme Networks in a research note on Wednesday, November 19th. They issued a “buy” rating and a $24.00 price objective for the company. Oppenheimer upgraded Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 price target for the company in a report on Thursday, October 30th. B. Riley restated a “buy” rating on shares of Extreme Networks in a research note on Thursday, October 30th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $25.00 target price on shares of Extreme Networks in a report on Thursday. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.67.

Insiders Place Their Bets

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

Institutional Trading of Extreme Networks

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Headlands Technologies LLC grew its stake in shares of Extreme Networks by 94.7% in the 2nd quarter. Headlands Technologies LLC now owns 38,836 shares of the technology company’s stock worth $697,000 after buying an additional 18,890 shares during the last quarter. Landscape Capital Management L.L.C. bought a new stake in Extreme Networks in the third quarter worth $621,000. Oxford Asset Management LLP purchased a new stake in shares of Extreme Networks in the second quarter worth $594,000. Envestnet Asset Management Inc. increased its holdings in shares of Extreme Networks by 3.1% during the third quarter. Envestnet Asset Management Inc. now owns 22,783 shares of the technology company’s stock valued at $470,000 after acquiring an additional 683 shares in the last quarter. Finally, Entropy Technologies LP bought a new position in shares of Extreme Networks during the third quarter valued at $396,000. Hedge funds and other institutional investors own 91.05% of the company’s stock.

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.