Extreme Networks (NASDAQ:EXTR) Issues 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.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. B. Riley reaffirmed a “buy” rating on shares of Extreme Networks in a research note on Thursday, October 30th. Oppenheimer raised Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 target price for the company in a report on Thursday, October 30th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $25.00 price target on shares of Extreme Networks in a research note on Tuesday, November 11th. Needham & Company LLC reiterated a “buy” rating and set a $24.00 price target on shares of Extreme Networks in a research report on Monday, November 24th. Finally, Bank of America initiated 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. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Extreme Networks has an average rating of “Moderate Buy” and an average target price of $23.83.

Extreme Networks Stock Performance

Shares of Extreme Networks stock opened at $14.70 on Wednesday. The business’s 50 day moving average price is $16.64 and its 200 day moving average price is $18.71. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 210.00, a PEG ratio of 1.69 and a beta of 1.64. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.75 and a current ratio of 0.91. Extreme Networks has a one year low of $10.10 and a one year high of $22.89.

Extreme Networks (NASDAQ:EXTR) last issued its earnings results on Wednesday, January 28th. The technology company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02. Extreme Networks had a return on equity of 81.83% and a net margin of 0.73%.The company had revenue of $317.93 million during the quarter, compared to analysts’ expectations of $312.33 million. Extreme Networks has set its Q3 2026 guidance at 0.230-0.250 EPS. On average, research analysts predict that Extreme Networks will post 0.31 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Edward Meyercord sold 50,000 shares of the stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $16.54, for a total value of $827,000.00. Following the completion of the sale, the chief executive officer owned 1,871,418 shares of the company’s stock, valued at $30,953,253.72. This represents a 2.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 3.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EXTR. Millennium Management LLC raised its position in Extreme Networks by 163.0% in the first quarter. Millennium Management LLC now owns 1,260,362 shares of the technology company’s stock valued at $16,675,000 after purchasing an additional 781,103 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Extreme Networks in the 2nd quarter valued at about $11,265,000. Qube Research & Technologies Ltd raised its holdings in Extreme Networks by 181.9% in the 3rd quarter. Qube Research & Technologies Ltd now owns 959,444 shares of the technology company’s stock valued at $19,813,000 after buying an additional 619,154 shares during the period. Invesco Ltd. lifted its position in Extreme Networks by 86.9% in the third quarter. Invesco Ltd. now owns 999,653 shares of the technology company’s stock valued at $20,643,000 after buying an additional 464,652 shares during the last quarter. Finally, Cooper Creek Partners Management LLC boosted its stake in Extreme Networks by 98.2% during the third quarter. Cooper Creek Partners Management LLC now owns 838,178 shares of the technology company’s stock worth $17,308,000 after buying an additional 415,296 shares during the period. 91.05% of the stock is currently owned by hedge funds and other institutional investors.

Extreme Networks Company Profile

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.