Extreme Networks, Inc. (EXTR)

NASDAQ: EXTR · IEX Real-Time Price · USD
19.28
+0.47 (2.50%)
Feb 3, 2023, 4:00 PM EST - Market closed
2.5%
Market Cap 2.53B
Revenue (ttm) 1.18B
Net Income (ttm) 48.75M
Shares Out 131.35M
EPS (ttm) 0.36
PE Ratio 53.56
Forward PE 14.12
Dividend n/a
Ex-Dividend Date n/a
Volume 1,681,975
Open 18.67
Previous Close 18.81
Day's Range 18.57 - 19.37
52-Week Range 8.49 - 21.03
Beta 2.08
Analysts Buy
Price Target 21.86 (+13.38%)
Earnings Date Jan 25, 2023

About EXTR

Extreme Networks, Inc. provides software-driven networking solutions worldwide. It designs, develops, and manufactures wired and wireless network infrastructure equipment; and develops software for network management, policy, analytics, security, and access controls. 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 that provides task automation, access control, granular visib... [Read more]

Sector Technology
IPO Date Apr 9, 1999
Employees 2,643
Stock Exchange NASDAQ
Ticker Symbol EXTR
Full Company Profile

Financial Performance

In 2022, EXTR's revenue was $1.11 billion, an increase of 10.19% compared to the previous year's $1.01 billion. Earnings were $44.27 million, an increase of 2186.73%.

Financial Statements

Analyst Forecast

According to 13 analysts, the average rating for EXTR stock is "Buy." The 12-month stock price forecast is $21.86, which is an increase of 13.38% from the latest price.

Price Target
$21.86
(13.38% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Why Extreme Networks is a Recession-Proof Technology Play

Spending cuts and layoffs are continually making headlines as the economy contracts. Some of the most prominent household names have announced plans or implemented layoffs.

5 days ago - MarketBeat

Extreme Networks (EXTR) Tops Q2 Earnings and Revenue Estimates

Extreme Networks (EXTR) delivered earnings and revenue surprises of 12.50% and 4.45%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

1 week ago - Zacks Investment Research

Extreme Networks Announces CFO Transition

MORRISVILLE, N.C.--(BUSINESS WIRE)--Extreme Networks, Inc. (Nasdaq: EXTR), a leader in cloud networking, today announced that its CFO, Rémi Thomas, has accepted a position at a privately held softwa...

1 week ago - Business Wire

Extreme Networks Reports Second Quarter Fiscal Year 2023 Financial Results

MORRISVILLE, N.C.--(BUSINESS WIRE)--Extreme Networks, Inc. (“Extreme”) (Nasdaq: EXTR) today released financial results for its second fiscal quarter ended December 31, 2022.

1 week ago - Business Wire

Extreme Fabric Solutions Help Global Organizations Scale Operations and Improve Time to Revenue

MORRISVILLE, N.C.--(BUSINESS WIRE)--Extreme Networks, Inc. (Nasdaq: EXTR), a leader in cloud networking, today announced that customers worldwide – including Germany's highest mountain resort, the c...

2 weeks ago - Business Wire

Extreme Networks Schedules Second Quarter Fiscal 2023 Financial Results Conference Call

MORRISVILLE, N.C.--(BUSINESS WIRE)--Extreme Networks, Inc. (Nasdaq: EXTR), a leader in cloud networking, today announced plans to release financial results for its second fiscal quarter, ended Decem...

3 weeks ago - Business Wire

Extreme Networks Named a Leader in 2022 Gartner® Magic Quadrant™ for Enterprise Wired and Wireless LAN Infrastructure for Fifth Consecutive Year

MORRISVILLE, N.C.--(BUSINESS WIRE)--Extreme Networks, Inc. (Nasdaq: EXTR), a leader in cloud networking, today announced it has been named as a Leader by Gartner, Inc. for the fifth consecutive year...

1 month ago - Business Wire

City, University of London Modernizes Wireless Campus Infrastructure with Extreme Networks

READING, England--(BUSINESS WIRE)--Extreme Networks, Inc. (Nasdaq: EXTR), a leader in cloud networking, today announced the deployment of a new Wi-Fi 6 wireless network for UK-based City, University...

2 months ago - Business Wire

Extreme Networks (EXTR) Q1 Earnings and Revenues Beat Estimates

Extreme Networks (EXTR) delivered earnings and revenue surprises of 11.11% and 4.56%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

Extreme Networks Schedules First Quarter Fiscal 2023 Financial Results Conference Call

MORRISVILLE, N.C.--(BUSINESS WIRE)--Extreme Networks, Inc. (Nasdaq: EXTR), a leader in cloud networking, today announced plans to release financial results for its first fiscal quarter, ended Septembe...

4 months ago - Business Wire

Extreme to Modernize the In-Stadium Experience for Liverpool FC Fans, Deployment Led by Verizon Business

MORRISVILLE, N.C.--(BUSINESS WIRE)--Extreme Networks has selected Verizon Business as its partner to deploy wireless connectivity solutions at Liverpool FC's Anfield Stadium.

Other symbols: VZ
4 months ago - Business Wire

Extreme Extends Americas Sales Leadership Team to Capitalize on Market Opportunity

MORRISVILLE, N.C.--(BUSINESS WIRE)--Extreme Networks, Inc. (Nasdaq: EXTR), a leader in cloud networking, today announced Pete Brant, a proven leader with deep experience in networking and cybersecurit...

4 months ago - Business Wire

Extreme Strengthens APAC Leadership Team

MORRISVILLE, N.C.--(BUSINESS WIRE)--Extreme Networks, Inc. (Nasdaq: EXTR), a leader in cloud networking, today announced it has strengthened its leadership team in the Asia Pacific (APAC) region. Jeff...

4 months ago - Business Wire

Extreme and Minor League Baseball to Push the Boundaries of In-Stadium Technology with New Partnership

MORRISVILLE, N.C.--(BUSINESS WIRE)--MiLB has selected Extreme Networks as an Official Technology Innovation Partner, supporting the testing of new stadium and in-game technologies.

5 months ago - Business Wire

3 Stocks to Watch for in a Prospering Networking Industry

The Zacks Computer - Networking industry players like CSCO, EXTR and DGII are poised to benefit from accelerated 5G deployment, robust demand for network security and growing prominence of smart netwo...

Other symbols: CSCODGII
5 months ago - Zacks Investment Research

Extreme Networks Introduces Industry's First Outdoor Wi-Fi 6E Access Point

MORRISVILLE, N.C.--(BUSINESS WIRE)--Extreme Networks, Inc. (Nasdaq: EXTR), a leader in cloud networking, today introduced the Extreme AP5050: the industry's first outdoor Wi-Fi 6E Outdoor Access Point...

6 months ago - Business Wire

Jenne, Inc. Honored as Americas Distributor of the Year at Extreme Networks Partner Conference

AVON, Ohio--(BUSINESS WIRE)-- #Winning--Jenne, Inc. recognized as Americas Distributor of the Year during Ignite, Extreme Networks' first combined global sales and partner conference.

6 months ago - Business Wire

Extreme Networks Announces Investor Conference Schedule for August and September 2022

MORRISVILLE, N.C.--(BUSINESS WIRE)--Extreme Networks, Inc. (Nasdaq: EXTR), a cloud networking company, today announced its investor conference schedule for August and September 2022: KeyBanc 2022 Tech...

6 months ago - Business Wire

Extreme Networks Enriches Partner Program with New Perks and Benefits

BOSTON--(BUSINESS WIRE)--Extreme today introduced new programs that give partners a competitive advantage in selling and deploying Extreme solutions.

6 months ago - Business Wire

Extreme Strengthens Product Leadership Team with Promotion of Key Leaders

MORRISVILLE, N.C.--(BUSINESS WIRE)--Extreme today announced it has promoted three product leaders into new executive positions.

6 months ago - Business Wire

Extreme Networks (EXTR) Matches Q4 Earnings Estimates

Extreme Networks (EXTR) delivered earnings and revenue surprises of 0% and 2.85%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

6 months ago - Zacks Investment Research

Extreme Networks Reports Fiscal Year and Fourth Quarter 2022 Financial Results

MORRISVILLE, N.C.--(BUSINESS WIRE)--Extreme Networks, Inc. (“Extreme”) (Nasdaq: EXTR) today released financial results for its fiscal year and fourth fiscal quarter ended June 30, 2022. Fiscal Year 20...

6 months ago - Business Wire