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Extreme Networks, Inc. EXTR R2K

Technology · Communication Equipment · United States
https://www.extremenetworks.com

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. The company offers ExtremeCloud IQ, an ML/AI powered, wired and wireless cloud network management solution that offers advanced visibility and control over users, devices, and applications; ExtremeCloud IQ-Site Engine, which provides task automation, access control, granular visibility with real-time analytics and multi-vendor device management; and ExtremeCloud IQ Essentials that offers wireless intrusion prevention system, location services, and guest management services. It also provides wireless local area networks access point products; wired for edge, campus, and data center solutions through Extreme Switching that offers access edge products, such as connection speeds for physical presentations along with options to deliver Ethernet or convergence-friendly power-over-ethernet; and ExtremeCloud SD-WAN, a software-defined wide area networks solution offering an all-inclusive subscription, which includes hardware, the cloud-based SD-WAN service, support and maintenance, and customer success support; and ExtremeCloud Universal ZTNA, a network access security solution. In addition, the company offers cloud native platforms and applications; and customer services and support, including post-sale support, consultative, customized training and operational manuals, and education classes. It serves mid-market and enterprise customers, as well as service providers in the sports and entertainment venues, hospitality, retail, transportation and logistics, education, government, healthcare, and manufacturing industries. The company sells its products through original equipment manufacturers and strategic relationships, distributors, resellers, and field sales. Extreme Networks, Inc., was incorporated in 1996 and is headquartered in Morrisville, North Carolina.

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$26.51
+69.18% 1Y

Market & Price

Market Cap
$3.47B
Current Price
$26.51
High / Low (52W)
$27.02 / $13.74
Beta
1.77

Valuation

Stock P/E
220.92
Industry PE
32.74
Forward P/E
20.37
PEG Ratio
0.98
Book Value
$0.60
Price to Book
44.48
P/S
2.77
EV/EBITDA
37.17
Dividend Yield
-

Profitability & Returns

ROCE
3.57%
ROE
21.60%
ROA
4.19%
Profit Margin
1.30%
Op Margin
5.47%
EPS (Latest Qtr)
$0.08
EPS (TTM)
$0.12

Balance Sheet & Liquidity

Debt/Equity
2.99
Quick Ratio
0.63
Current Ratio
0.91
Debt
$235.74M
Total Assets
$1.15B
Current Assets
$535.30M
Working Capital
$-52.58M

Ownership

Promoter Holding
3.16%
Chg in Prom Hold
-
FII / Inst Holding
100.51%
Chg in FII Hold
-0.00%

Financial Snapshot

Enterprise Value
$3.49B
Total Revenue (TTM)
$1.25B
EBITDA
$93.96M
Free Cash Flow
$124.76M
Operating Cash Flow
$132.27M
Shares Outstanding
130.78M
Gross Margin
61.32%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
0.82%
Profit 5Y
-38.96%
Revenue (YoY)
11.40%
Earnings (YoY)
206.40%

PROS

  • Strong return on equity of 21.6%.
  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Trading at a high P/E of 220.9.
  • Earnings shrank at -39.0% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Technology).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 EXTR Extreme Networks, Inc. R2K 26.51 220.92 $3.47B - 3.57% 21.60% 0.82% -38.96%
2 NVDA NVIDIA Corporation NDXSPXAI 211.14 32.38 $5.11T 0.47% 81.14% 114.29% 100.05% 201.80%
3 AAPL Apple Inc. NDXSPX 312.06 37.73 $4.58T 0.35% 68.72% 141.47% 1.81% 3.92%
4 MSFT Microsoft Corporation NDXSPXAI 450.24 26.82 $3.34T 0.81% 26.37% 34.01% 12.42% 11.87%
5 TSM Taiwan Semiconductor Manufacturing Company Limited AI 418.45 35.86 $2.17T 0.91% 32.04% 36.21% 18.94% 19.57%
6 MU Micron Technology, Inc. NDXSPXAI 971.00 45.87 $1.10T 0.06% 14.20% 39.82% 6.71% -0.57%
7 AMD Advanced Micro Devices, Inc. NDXSPXAI 516.10 172.61 $841.55B - 6.33% 8.06% 13.64% 48.64%
8 ORCL Oracle Corporation SPXAI 225.78 40.46 $649.35B 0.89% 13.07% 57.57% 10.59% 22.81%
9 ASML ASML Holding N.V. NDXAI 1,612.76 53.76 $621.59B 0.54% 43.81% 52.24% 15.55% 19.55%
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Quarterly Results

Figures in USD.

Metric Sep 2013Dec 2013Mar 2014Sep 2014Dec 2014Mar 2015Sep 2015Dec 2015Mar 2016Sep 2016Dec 2016Mar 2017Sep 2017Dec 2017Mar 2018Sep 2018Dec 2018Mar 2019Sep 2019Dec 2019Mar 2020Sep 2020Dec 2020Mar 2021Sep 2021Dec 2021Mar 2022Sep 2022Dec 2022Mar 2023Sep 2023Dec 2023Mar 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue ------------211.72M231.12M262.00M239.89M252.68M250.86M255.51M267.47M209.52M235.80M242.13M253.40M267.68M280.93M285.51M297.69M318.35M332.51M353.14M296.38M211.04M269.20M279.36M284.50M307.00M310.25M317.93M316.87M
Cost of Revenue -----------------------------------109.10M117.92M122.22M122.84M121.33M
Gross Profit 43.71M69.84M70.86M70.53M75.16M57.72M65.12M70.28M62.72M65.89M79.65M82.80M112.38M128.99M142.98M132.07M141.30M138.92M137.24M148.67M111.33M135.02M140.19M148.81M155.60M158.79M161.36M166.71M181.66M191.94M212.94M183.37M119.90M169.51M175.12M175.41M189.09M188.03M195.08M195.54M
Operating Expenses -----------------------------------165.47M190.84M176.36M181.92M178.20M
Operating Income 372.00K-13.77M-23.39M-17.20M-11.08M-21.26M-10.80M-5.36M-8.91M-4.02M-2.98M-2.62M4.49M-31.11M-8.22M-5.02M4.75M-2.25M-32.20M-15.24M-38.36M-60.00K5.71M11.15M18.36M18.05M17.31M17.40M23.43M29.58M35.90M10.32M-62.47M-4.72M12.66M9.94M-1.75M11.67M13.16M17.34M
EBITDA -----------------------------------15.53M4.26M16.91M18.52M22.63M
Interest Expense -----------------------------------3.80M3.53M3.65M3.36M3.25M
Pretax Income -----------------------------------7.17M-3.87M8.35M10.40M14.81M
Tax Provision -----------------------------------3.71M3.94M2.74M2.53M4.22M
Net Income -35.00K-15.99M-25.06M-19.33M-13.11M-23.55M-11.53M-7.23M-10.78M-5.74M-4.23M-4.98M4.38M-31.92M-13.61M-9.06M7.20M-6.93M-37.74M-23.54M-44.35M-8.81M-3.05M3.47M12.70M13.34M12.82M12.59M17.93M22.13M28.68M3.99M-64.42M-10.50M7.38M3.46M-7.80M5.61M7.88M10.59M
Diluted EPS 0.00-0.17-0.26-0.20-0.13-0.24-0.11-0.07-0.10-0.05-0.04-0.050.04-0.28-0.12-0.080.06-0.06-0.31-0.20-0.37-0.07-0.020.030.100.100.100.090.130.170.210.03-0.50-0.080.060.03-0.060.040.060.08
R&D Expense 9.94M18.90M24.27M23.35M24.00M23.86M20.27M20.72M18.85M18.30M24.01M24.69M34.28M45.91M50.92M51.24M52.20M52.08M59.12M55.38M50.58M49.52M49.19M48.91M47.77M48.08M49.62M50.99M52.62M54.84M58.02M52.83M54.52M54.45M54.88M55.66M-57.75M57.52M59.18M

Profit & Loss (Annual)

Figures in USD.

Metric Jun 2010Jul 2011Jun 2012Jun 2013Jun 2014Jun 2015Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024Jun 2025
Revenue ------519.83M607.08M983.14M995.79M948.02M1.01B1.11B1.31B1.12B1.14B
Cost of Revenue ------------482.38M557.73M486.37M430.94M
Gross Profit 176.49M179.96M179.85M162.63M267.33M279.74M265.40M330.96M534.52M551.24M517.84M585.12M629.94M754.72M630.83M709.13M
Operating Expenses ------------556.99M643.16M659.71M690.69M
Operating Income -1.42M3.11M13.91M10.85M-50.23M-62.99M-30.03M6.04M-38.21M-14.73M-98.90M34.38M72.94M111.56M-28.88M18.44M
EBITDA ------------105.14M146.37M-31.07M39.42M
Interest Expense ------------12.79M17.39M16.99M15.93M
Pretax Income ------------52.19M94.11M-77.50M4.27M
Tax Provision ------------7.92M16.03M8.46M11.74M
Net Income 227.00K2.71M15.87M9.67M-57.31M-71.64M-36.36M-1.74M-46.79M-25.85M-126.84M1.94M44.27M78.07M-85.96M-7.47M
Diluted EPS 0.000.030.170.10-0.60-0.72-0.35-0.02-0.41-0.22-1.060.020.330.58-0.65-0.06
R&D Expense 49.39M49.33M45.64M40.52M77.15M93.45M78.72M93.72M183.88M210.13M209.61M197.00M190.59M214.27M211.93M221.46M

Compounded Sales Growth

5 Years:0.82%
1 Year:11.40%

Compounded Profit Growth

5 Years:-38.96%
1 Year:206.40%

Stock Price Performance

1 Year:+69.18%
6 Months:+51.75%
3 Months:+89.63%
1 Month:+21.33%

Balance Sheet (Annual)

Figures in USD.

Metric Jun 2009Jun 2010Jul 2010Jul 2011Jun 2012Jun 2013Jun 2014Jun 2015Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024Jun 2025
Total Assets ---270.97M284.59M311.42M526.43M428.66M374.42M459.70M770.25M756.87M979.09M-1.07B1.14B1.04B1.15B
Current Assets --------------489.09M576.16M466.93M535.30M
Cash & Equivalents 49.23M51.94M51.94M49.97M54.60M95.80M73.19M76.22M94.12M130.45M121.14M---194.52M234.83M156.70M231.75M
Inventory --------------49.23M89.02M141.03M102.58M
Receivables --------------184.10M182.04M89.52M126.71M
Total Liabilities --------------978.17M1.02B1.02B1.09B
Current Liabilities ---99.85M96.75M112.50M246.31M235.43M211.53M213.21M359.87M356.03M397.82M-500.18M575.50M517.59M587.88M
Long Term Debt -----091.88M55.50M37.45M80.42M188.75M169.74M394.58M-270.57M187.59M178.26M163.72M
Total Debt --------------351.13M264.61M239.60M223.44M
Total Equity ---161.29M179.64M189.15M156.71M104.23M102.39M125.68M112.73M115.99M5.40M-90.34M116.75M25.28M65.58M
Shares Outstanding --------------139.74M143.63M148.50M152.67M

Cash Flows (Annual)

Figures in USD.

Metric Jun 2010Jul 2011Jun 2012Jun 2013Jun 2014Jun 2015Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024Jun 2025
Operating Cash Flow 10.94M16.78M13.81M32.24M-26.84M37.42M30.37M59.28M19.04M104.94M35.88M-128.18M249.21M55.49M152.03M
Investing Cash Flow -8.77M-22.08M-10.41M16.48M-126.19M21.60M-5.33M-71.75M-132.47M-21.81M-189.48M--84.95M-13.80M-18.12M-24.71M
Financing Cash Flow 1.08M2.53M2.39M-7.39M129.58M-52.47M-6.74M48.71M104.75M-34.44M178.49M--94.66M-194.78M-114.98M-52.59M
Capital Expenditure -5.11M-5.70M-5.24M-12.74M-22.37M-7.21M-5.33M-10.43M-40.41M-22.73M-15.27M--15.43M-13.80M-18.12M-24.71M
Free Cash Flow 5.83M11.08M8.58M19.50M-49.22M30.22M25.04M48.86M-21.37M82.22M20.62M-112.74M235.41M37.37M127.32M
Net Change in Cash -------------51.44M40.63M-77.61M74.73M
Share Buybacks -0014.47M00---15.00M30.00M-44.97M99.86M49.85M37.99M

Ratios (Annual)

Figures in %.

Metric Jun 2010Jul 2011Jun 2012Jun 2013Jun 2014Jun 2015Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024Jun 2025
Gross Margin % ------51.1%54.5%54.4%55.4%54.6%58.0%56.6%57.5%56.5%62.2%
Operating Margin % -------5.8%1.0%-3.9%-1.5%-10.4%3.4%6.6%8.5%-2.6%1.6%
Net Margin % -------7.0%-0.3%-4.8%-2.6%-13.4%0.2%4.0%5.9%-7.7%-0.7%
ROE % -1.7%8.8%5.1%-36.6%-68.7%-35.5%-1.4%-41.5%-22.3%-2,349.9%-49.0%66.9%-340.0%-11.4%
ROCE % -1.8%7.4%5.5%-17.9%-32.6%-18.4%2.5%-9.3%-3.7%-17.0%-12.8%19.7%-5.5%3.3%

Shareholding Pattern

Insiders
3.16%
Institutions
100.51%
Public Float
103.80%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 15.44% 20.19M $535.23M
2 Vanguard Portfolio Management LLC 10.38% 13.58M $359.88M
3 State Street Corporation 4.93% 6.45M $170.99M
4 Vanguard Capital Management LLC 4.42% 5.78M $153.28M
5 Paradigm Capital Management 4.00% 5.23M $138.78M
6 Geode Capital Management, LLC 2.54% 3.33M $88.15M
7 FMR, LLC 2.54% 3.32M $88.12M
8 Arrowstreet Capital, Limited Partnership 2.48% 3.25M $86.10M
9 Goldman Sachs Group Inc 2.39% 3.13M $82.97M
10 Trigran Investments Inc 2.18% 2.85M $75.48M

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