Why did Extreme Networks (EXTR) stock move recently?

On 9/1/2026, Extreme Networks moved -3.2% — No specific catalyst identified for the 3.16% decline; the stock continued to trade below recent highs amid ongoing investor focus on AI-driven growth prospects and FY2027 guidance following the August earnings report. This is MarketChacha's decoded reason from filings and credible news; it is education, not buy/sell advice.

Is Extreme Networks (EXTR) overvalued or fairly valued?

MarketChacha shows Extreme Networks's valuation in context — a trailing P/E of about 105.8, a forward P/E of about 14.6, a price-to-book of about 32.8 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Extreme Networks's reported profit turn into cash?

Over 4 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (21.67×) from reported figures — education, not a rating.

What is Extreme Networks's revenue?

Extreme Networks reported revenue of $1.3B for FY2026, with net profit of $42.1M, per official filings.

What is the share price of Extreme Networks (EXTR)?

Extreme Networks last traded at $22.21 (+1.4% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

Extreme Networks

EXTR · NYSE · Technology · United States

Snapshot

TickerEXTR

ExchangeNYSE

SectorTechnology

IndustryCommunication Equipment

CountryUnited States

Employees2,894

HeadquartersMorrisville, United States

Websitewww.extremenetworks.com

Filings tracked15

About Extreme Networks

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. It offers ExtremeCloud IQ, a machine learning/AI powered, wired and wireless cloud network management solution that offers visibility and control over users, devices, and applications; ExtremeCloud IQ-Site Engine which extends cloud management to non-cloud native and multi-vendor devices; ExtremeCloud IQ Essentials provides wireless intrusion prevention system, location services, and guest management services; and ExtremeCloud SD-WAN, a software-defined wide area networks solution offered as an all-inclusive subscription, which includes hardware, the cloud-based SD-WAN service, support and maintenance, and customer success support. The company also provides indoor and outdoor Wi-Fi 7 and prior generation Aps; WIPS solutions; switch products; Cloud Native Platforms and Applications for Service Providers; and ExtremeCloud Universal ZTNA. In addition, the company offers customer and support services, such as support services for end-users, resellers, and distributors; and premier, professional, and education services. It sells its products through original equipment manufacturers, strategic relationships, distributors, resellers, and field sales. The company serves mid-market and enterprise customers, and services providers. Extreme Networks, Inc., was incorporated in 1996 and is headquartered in Morrisville, North Carolina.

Who owns it

Insiders3.1%
Institutions96.9%
Public & other0.0%

471 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.15.77%
Vanguard Portfolio Management LLC9.72%
State Street Corporation4.64%
Vanguard Capital Management LLC4.30%
Price (T.Rowe) Associates Inc4.03%
Paradigm Capital Management3.21%
FMR, LLC2.66%
Geode Capital Management, LLC2.58%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Margin has compressed by about 2.7 points over the period — profitability is trending down.

Cash conversion21.67×

Over 4 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend5.9% → 3.3%

Margin has compressed by about 2.7 points over the period — profitability is trending down.

Return on equity47.5%

Latest ROE of 47.5% — capital is generating a healthy return.

Growth qualityrev -1% · PAT -19%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $345.0M · EPS 0.32

Est. earnings growth +24.0%

Next fiscal year

Rev $1.5B · EPS 1.52

Est. earnings growth +16.5%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2026)

$1.3B

Net margin

3.3%

ROE

47.5%

Revenue CAGR (3y)

-0.7%

Profit CAGR (3y)

-18.6%

EPS (FY2026)

0.31

Net profit (FY2026)

$42.1M

Ask MarketChacha about EXTR

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Why it moved

Sep 1, 2026
No specific catalyst identified for the 3.16% decline; the stock continued to trade below recent highs amid ongoing investor focus on AI-driven growth prospects and FY2027 guidance following the August earnings report.
source 1 ↗· confidence: low
Aug 4, 2026
No clear company-specific catalyst identified for today's gain; EXTR rose with broader market or sector momentum ahead of its scheduled Q4/fiscal 2026 earnings release on August 5.
· confidence: low

Daily moves with the verified reason behind them. Education only — not investment advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2026	$1.3B	$42.1M	0.31	3.3%	47.5%
FY2025	$1.1B	$-7.5M	-0.06	-0.7%	-11.4%
FY2024	$1.1B	$-86.0M	-0.66	-7.7%	-340.0%
FY2023	$1.3B	$78.1M	0.58	5.9%	66.9%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q1	$316.9M	$10.6M	0.08	3.3%
2025Q4	$317.9M	$7.9M	0.06	2.5%
2025Q3	$310.2M	$5.6M	0.04	1.8%
2025Q1	$284.5M	$3.5M	0.03	1.2%
2024Q4	$279.4M	$7.4M	0.06	2.6%
2024Q3	$269.2M	$-10.5M	-0.08	-3.9%
2024Q1	$211.0M	$-64.4M	-0.50	-30.5%
2023Q4	$296.4M	$4.0M	0.03	1.3%
2023Q3	$353.1M	$28.7M	0.21	8.1%
2023Q1	$332.5M	$22.1M	0.17	6.7%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Auditor change, Exhibits
SEC8/26/2026material
10-K filing
SEC8/17/2026
8-K — Results of operations, Exhibits
SEC8/5/2026material
8-K — Material agreement, Termination of agreement, Material financial obligation, Exhibits
SEC7/30/2026material
10-Q filing
SEC4/30/2026
8-K — Results of operations, Exhibits
SEC4/29/2026material
10-Q filing
SEC1/29/2026
8-K — Results of operations, Exhibits
SEC1/28/2026material
8-K — Executive/director change
SEC1/7/2026material

2025

8-K — Shareholder vote results, Exhibits
SEC11/13/2025material
8-K — Reg FD disclosure, Exhibits
SEC11/10/2025material
10-Q filing
SEC10/30/2025
8-K — Results of operations, Exhibits
SEC10/29/2025material
10-K filing
SEC8/18/2025
8-K — Results of operations, Exhibits
SEC8/6/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.