Extreme Networks
Builds enterprise switching, Wi-Fi, fabric, SD-WAN, and cloud network management.
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Profile
Sells enterprise switches, Wi-Fi systems, network fabrics, SD-WAN, and cloud management software, with revenue from hardware, subscriptions, and support. A worldwide partner channel carries most sales, while ExtremeCloud IQ and Extreme Platform ONE centralize operations across distributed networks.
Builds wired and wireless infrastructure for enterprise campuses, branches, data centers, and service providers. Extreme Universal Switching, Extreme Wireless Access, Extreme Fabric, and ExtremeCloud SD-WAN handle connectivity, while ExtremeCloud IQ and Extreme Platform ONE provide cloud management, analytics, security workflows, licensing, and AI-assisted automation.
Sells hardware, software subscriptions, maintenance, professional services, and training through a worldwide channel of distributors, resellers, and field sales. Customers span education, healthcare, government, retail, manufacturing, hospitality, transportation, and large venues; roughly half of sales come from outside the United States, led by Europe and Asia.
Platform ONE extends centralized management across Extreme and third-party devices from cloud to on-premises environments. Most revenue still comes from networking equipment, and sales depend heavily on distributors and resellers.
Company facts
Key statistics
Year to date +36.5% · Average volume (30d) 1.7M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 6, 2026 | Craig-Hallum | Reiterate | Buy | $14 | $31 |
| Jun 15, 2026 | Lake Street | Reiterate | Buy | $25 | $34 |
| Jun 11, 2026 | Rosenblatt Securities | Target | $21 | $39 | |
| Apr 30, 2026 | UBS | Reiterate | Neutral | $22.50 | $28 |
| Apr 30, 2026 | Lake Street | Target | $25 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q4 FY26 | $0.29 | $0.32 | +10.3% | $332.5M | $338.5M | +1.8% | −19.02% |
| Apr 29, 2026Q3 FY26 | $0.24 | $0.26 | +8.3% | $311.5M | $316.9M | +1.7% | +1.10% |
| Jan 28, 2026Q2 FY26 | $0.24 | $0.26 | +8.3% | $312.3M | $317.9M | +1.8% | −4.33% |
| Oct 29, 2025Q1 FY26 | $0.22 | $0.22 | 0.0% | $306.6M | $310.2M | +1.2% | +2.83% |
Financial highlights
| 12 quarters | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $284.5M | $307.0M | $310.2M | $317.9M | $316.9M | $338.5M | |
| Gross profit | $175.4M | $189.1M | $188.0M | $195.1M | $195.5M | $210.5M | |
| Operating income | $9.9M | −$1.8M | $11.7M | $13.2M | $17.3M | $21.1M | |
| Net income | $3.5M | −$7.8M | $5.6M | $7.9M | $10.6M | $18.0M | |
| Diluted EPS | $0.03 | −$0.06 | $0.04 | $0.06 | $0.08 | $0.13 | |
| Gross margin | 61.7% | 61.6% | 60.6% | 61.4% | 61.7% | 62.2% | |
| Operating margin | 3.5% | -0.6% | 3.8% | 4.1% | 5.5% | 6.2% |
Fiscal years (4-quarter sums)FY22 $1.11B · FY23 $1.31B · FY24 $1.12B · FY25 $1.14B · FY26 $1.28B
Revenue by product · Q4 FY26
Revenue by geography · Q4 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $211.8M · Total debt $194.6M · Total assets $1.18B · Shareholders' equity $88.6M
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 130.78M · Float 126.82M · 97.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 20.84M | 15.94% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 12.84M | 9.82% | 13F | Aug 13, 2026 |
| State Street Corp | 6.14M | 4.69% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 5.68M | 4.34% | 13F | Aug 13, 2026 |
| Price T Rowe Associates Inc /MD/ | 5.33M | 4.07% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 21, 2026 | Kevin R. Rhodes | officer: EVP Chief Financial Officer | −21,825 | $22.30 |
| Aug 10, 2026 | Raj Khanna | director | −15,000 | $24.20 |
| Aug 3, 2026 | Edward Meyercord | director, officer: PRESIDENT AND CEO | −50,000 | $29.79 |
| Jul 1, 2026 | Edward Meyercord | director, officer: PRESIDENT AND CEO | −50,000 | $31.71 |
| Jun 11, 2026 | Kevin R. Rhodes | officer: EVP Chief Financial Officer | −35,000 | $30.43 |
Peers
- Cisco Systems
Broadest overlap in switching, Wi-Fi, cloud management, SD-WAN, and SASE
- Hewlett Packard Enterprise
Campus and AI-networking overlap through Aruba and Juniper-Mist
- Arista Networks
Strong overlap in data-center switching, campus, and CloudVision
- Fortinet
Security-led branch rival across SD-WAN, SASE, Wi-Fi, and switching
- Vistance Networks
RUCKUS overlap in enterprise Wi-Fi, switching, and managed venues
- Ubiquiti
Lower-cost UniFi pressure in Wi-Fi, switching, gateways, and SMB IT
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Extreme Networks | $22.50 | −0.37% | $2.95B | 73.1 | 17.2 | 2.3 | +10.3% |
| Cisco Systems | $109.95 | +0.01% | $433.28B | 33.0 | 21.4 | 6.8 | +17.6% |
| Hewlett Packard Enterprise | $52.56 | +0.50% | $69.26B | 49.8 | 13.4 | 1.8 | +40.0% |
| Arista Networks | $195.38 | +0.01% | $246.02B | 61.6 | 42.0 | 23.3 | +37.7% |
| Fortinet | $165.78 | −0.16% | $121.80B | 58.5 | 47.4 | 16.2 | +25.6% |
| Vistance Networks | $6.15 | +1.49% | $1.37B | 6.6 | 8.7 | 0.5 | −77.0% |
| Ubiquiti | $599.00 | −0.13% | $36.27B | 37.8 | 33.9 | 11.1 | +23.5% |
| Median | 43.8 | 27.7 | 9.0 | +24.6% |