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Extreme Networks Inc

Extreme Networks Inc

EXTR · NASDAQ · Technology / Communication Equipment

26.75USD-0.43 (-1.58%)

Price History

Full chart

Market Stats

Previous Close27.18
Open27.18
Day Range26.12 – 27.30
52-Week Range13.48 – 33.73
Volume2.47M
Market Cap2.84B
P/E (TTM)69.42
Forward P/E16.21
EPS0.31
Dividend Yield0.00%
Beta1.76
50-Day Avg24.83
200-Day Avg21.27

About

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.

Company Details

  • SectorTechnology
  • IndustryCommunication Equipment
  • CEOMr. Edward B. Meyercord III
  • Employees2.89K
  • Headquarters2121 RDU Center Drive, Morrisville, NC, United States, 27560, USA
  • Websitehttps://www.extremenetworks.com

Leadership

  • Mr. Edward B. Meyercord IIIPresident, CEO & Executive Director · b. 1965
  • Mr. Kevin RhodesExecutive VP of Finance & CFO · b. 1969
  • Mr. Syed Nabeel Anwar BukhariPresident of AI Platforms, EVP & Chief Technology Officer · b. 1977
  • Mr. Stanley KovlerSenior Vice President of Finance & Corporate Development
  • Ms. Monica KumarExecutive VP & Chief Marketing Officer
  • Ms. Gina M. ChristopherDeputy General Counsel
  • John MorrisonSenior Vice President of EMEA
  • Mr. Paul SemakSenior Vice President of Americas International
  • Mr. Calvin RowlandSenior Vice President of SaaS
  • Mr. Scott PetersonSenior Vice President of Global Channel Sales

Financials

Income Statement

Currency: USD1998-06-301999-06-302000-06-302001-06-302002-06-302003-06-302004-06-302005-06-302006-06-302007-06-302008-06-302009-06-302010-06-302011-06-302012-06-302013-06-302014-06-302015-06-302016-06-302017-06-302018-06-302019-06-302020-06-302021-06-302022-06-302023-06-302024-06-302025-06-302026-06-30
Total Revenue23.60M98.00M261.96M491.23M441.61M363.28M351.85M383.35M358.60M342.83M361.83M335.56M309.35M334.43M322.72M299.34M519.55M552.94M519.83M607.08M983.14M995.79M948.02M1.01B1.11B1.31B1.12B1.14B1.28B
Growth (%)-+315.25%+167.30%+87.52%-10.10%-17.74%-3.15%+8.95%-6.46%-4.40%+5.54%-7.26%-7.81%+8.11%-3.50%-7.24%+73.56%+6.43%-5.99%+16.78%+61.94%+1.29%-4.80%+6.48%+10.19%+17.99%-14.88%+2.05%+12.59%
Cost of Revenue13.40M42.60M126.92M281.23M234.50M212.92M172.65M180.69M164.70M157.64M156.53M144.90M132.86M154.47M142.88M136.72M252.22M273.20M254.43M276.13M448.63M444.55M430.18M424.30M482.38M557.73M486.37M430.94M494.45M
Gross Profit10.20M55.40M135.04M210.00M207.11M150.35M179.20M202.65M193.90M185.19M205.31M190.66M176.49M179.96M179.85M162.63M267.33M279.74M265.40M330.96M534.52M551.24M517.84M585.12M629.94M754.72M630.83M709.13M789.14M
Gross Margin43.22%56.53%51.55%42.75%46.90%41.39%50.93%52.86%54.07%54.02%56.74%56.82%57.05%53.81%55.73%54.33%51.45%50.59%51.06%54.52%54.37%55.36%54.62%57.97%56.63%57.50%56.47%62.20%61.48%
Operating Expense24.30M56.90M118.79M311.89M440.10M216.57M188.48M191.90M189.20M206.78M204.14M188.60M177.92M176.85M165.94M151.77M317.56M342.73M295.43M324.92M572.73M565.96M616.74M550.75M556.99M643.16M659.71M690.69M725.91M
Operating Income-14.10M-1.50M16.25M-101.89M-232.99M-66.22M-9.28M10.76M4.70M-21.58M1.17M2.06M-1.42M3.11M13.91M10.85M-50.23M-62.99M-30.03M6.04M-38.21M-14.73M-98.90M34.38M72.94M111.56M-28.88M18.44M63.23M
Operating Margin-59.75%-1.53%6.20%-20.74%-52.76%-18.23%-2.64%2.81%1.31%-6.30%0.32%0.61%-0.46%0.93%4.31%3.63%-9.67%-11.39%-5.78%0.99%-3.89%-1.48%-10.43%3.41%6.56%8.50%-2.59%1.62%4.93%
EBITDA-12.50M4.40M30.42M-45.03M-80.67M-23.62M23.45M34.64M16.60M-5.61M10.61M11.34M6.87M12.73M24.31M17.38M-11.64M-14.88M14.24M33.02M16.33M39.60M-32.92M88.36M105.14M146.37M-31.07M39.42M80.02M
EBITDA Margin-52.97%4.49%11.61%-9.17%-18.27%-6.50%6.67%9.04%4.63%-1.64%2.93%3.38%2.22%3.81%7.53%5.81%-2.24%-2.69%2.74%5.44%1.66%3.98%-3.47%8.75%9.45%11.15%-2.78%3.46%6.23%
Net Income-13.90M-1.60M20.05M-68.88M-183.96M-197.18M-1.75M12.94M8.50M-14.20M8.38M2.81M227.00K2.71M15.87M9.67M-57.31M-71.64M-36.36M-1.74M-46.79M-25.85M-126.84M1.94M44.27M78.07M-85.96M-7.47M42.12M
Net Income Margin-58.90%-1.63%7.65%-14.02%-41.66%-54.28%-0.50%3.38%2.37%-4.14%2.32%0.84%0.07%0.81%4.92%3.23%-11.03%-12.96%-7.00%-0.29%-4.76%-2.60%-13.38%0.19%3.98%5.95%-7.69%-0.65%3.28%
R&D10.70M17.00M33.00M57.88M61.49M58.00M58.10M61.27M62.00M67.08M65.33M58.18M49.39M49.33M45.64M40.52M77.15M93.45M78.72M93.72M183.88M210.13M209.61M197.00M190.59M214.27M211.93M221.46M233.88M
R&D as % of Total Revenue45.34%17.35%12.60%11.78%13.92%15.97%16.51%15.98%17.29%19.57%18.06%17.34%15.97%14.75%14.14%13.54%14.85%16.90%15.14%15.44%18.70%21.10%22.11%19.52%17.13%16.33%18.97%19.43%18.22%
Interest Expense00004.51M7.06M6.98M7.04M07.25M89.00K147.00K141.00K132.00K75.00K1.07M2.08M3.18M3.10M4.09M13.92M12.60M23.75M22.86M12.79M17.39M16.99M15.93M13.78M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%1.02%1.94%1.98%1.84%0.00%2.12%0.02%0.04%0.05%0.04%0.02%0.36%0.40%0.57%0.60%0.67%1.42%1.27%2.51%2.26%1.15%1.32%1.52%1.40%1.07%

Balance Sheet

Currency: USD1998-06-301999-06-302000-06-302001-06-302002-06-302003-06-302004-06-302005-06-302006-06-302007-06-302008-06-302009-06-302010-06-302011-06-302012-06-302013-06-302014-06-302015-06-302016-06-302017-06-302018-06-302019-06-302020-06-302021-06-302022-06-302023-06-302024-06-302025-06-302026-06-30
Total Assets33.70M171.80M515.93M688.36M735.75M550.26M579.27M583.61M558.70M341.90M365.76M246.64M259.94M270.97M284.48M311.42M526.43M428.66M374.85M483.35M770.25M756.87M979.09M1.01B1.07B1.14B1.04B1.15B1.18B
Total Liabilities17.80M29.90M96.91M139.59M346.79M351.02M349.71M335.60M322.50M125.67M133.71M105.13M110.75M109.69M104.83M122.28M369.72M324.43M284.65M376.64M657.52M640.89M973.69M955.63M978.17M1.02B1.02B1.09B1.09B
Total Equity15.90M141.90M419.02M548.76M388.96M199.24M229.56M248.01M236.20M216.22M232.05M141.51M149.19M161.29M179.64M189.15M156.71M104.23M90.20M106.71M112.73M115.99M5.40M54.47M90.34M116.75M25.28M65.58M88.59M
Cash9.50M107.10M116.72M87.72M71.83M44.34M59.16M127.47M92.60M71.57M70.37M46.20M49.00M49.97M54.60M95.80M73.19M76.22M94.12M130.45M121.14M169.61M193.87M246.89M194.52M234.83M156.70M231.75M211.76M
Total Debt4.00M1.60M306.00K300.00K200.00M200.00M200.00M200.00M200.00M200.00M------121.56M66.88M55.50M92.70M197.76M178.75M499.73M409.59M365.09M275.46M250.15M223.44M194.57M
Net Debt-5.50M-105.50M-116.42M-87.42M128.17M155.66M140.84M72.53M107.40M-71.57M-70.37M-46.20M-49.00M-49.97M-54.60M-95.80M48.37M-9.35M-38.62M-37.75M76.62M9.14M305.86M162.69M170.56M40.63M93.45M-8.30M-17.19M

Cash Flow

Currency: USD1998-06-301999-06-302000-06-302001-06-302002-06-302003-06-302004-06-302005-06-302006-06-302007-06-302008-06-302009-06-302010-06-302011-06-302012-06-302013-06-302014-06-302015-06-302016-06-302017-06-302018-06-302019-06-302020-06-302021-06-302022-06-302023-06-302024-06-302025-06-302026-06-30
Operating Cash Flow-8.30M2.80M24.82M-4.65M20.47M10.08M21.47M16.46M28.00M-270.00K16.17M4.70M9.31M10.98M13.81M32.24M-26.84M37.42M30.37M59.28M19.04M104.94M35.88M144.53M128.18M249.21M55.49M152.03M123.18M
Investing Cash Flow-13.50M-29.10M-194.98M-49.40M-241.10M-43.85M-19.65M45.91M-193.32M-21.05M70.38M-7.58M-16.28M-10.41M16.48M-126.19M21.60M-5.33M-71.75M-132.47M-21.81M-189.48M-17.18M-84.95M-13.80M-18.12M-24.71M-27.94M
Financing Cash Flow21.20M124.00M179.74M25.05M204.74M6.28M13.00M5.94M-28.70M-214.08M3.68M-99.26M1.08M2.53M2.39M-7.39M129.58M-52.47M-6.74M48.71M104.75M-34.44M178.49M-74.78M-94.66M-194.78M-114.98M-52.59M-114.50M
Capital Expenditure2.50M7.50M27.24M51.22M82.82M14.72M6.26M7.13M8.00M4.64M7.68M6.88M5.11M5.70M5.51M13.36M22.46M7.77M5.33M10.43M40.41M22.73M15.27M17.18M15.43M13.80M18.12M24.71M27.94M
Free Cash Flow-10.80M-4.70M-2.42M-55.88M-62.35M-4.63M15.21M9.33M20.00M-4.91M8.48M-2.17M4.20M5.28M8.30M18.88M-49.30M29.65M25.04M48.86M-21.37M82.22M20.62M127.36M112.74M235.41M37.37M127.32M95.24M
Dividends Paid--------------0000000-254.50M--30.14M---
FCF to OCF130.12%-167.86%-9.74%1200.88%-304.61%-45.98%70.83%56.70%71.43%1817.41%52.47%-46.26%45.10%48.09%60.10%58.55%183.67%79.23%82.46%82.41%-112.21%78.34%57.45%88.12%87.96%94.46%67.34%83.74%77.32%
Dividend Paid to FCF--------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%-1234.48%--12.80%---

Earnings

Report DateJul 21, 1999Oct 20, 1999Jan 19, 2000Apr 19, 2000Jul 19, 2000Oct 18, 2000Jan 17, 2001Apr 18, 2001Jul 18, 2001Oct 17, 2001Jan 16, 2002Apr 17, 2002Jul 17, 2002Oct 16, 2002Jan 6, 2003Apr 7, 2003Jul 18, 2003Oct 24, 2003Jan 15, 2004Apr 14, 2004Jul 21, 2004Oct 20, 2004Jan 19, 2005Apr 14, 2005Aug 3, 2005Oct 26, 2005Jan 24, 2006Apr 25, 2006Aug 2, 2006Oct 25, 2006Jan 23, 2007Jun 28, 2007Aug 1, 2007Oct 24, 2007Jan 24, 2008Apr 23, 2008Jul 31, 2008Nov 3, 2008Jan 28, 2009Apr 23, 2009Jul 30, 2009Oct 26, 2009Feb 1, 2010Apr 26, 2010Aug 2, 2010Nov 1, 2010Jan 31, 2011Apr 28, 2011Aug 1, 2011Nov 2, 2011Feb 2, 2012May 2, 2012Aug 1, 2012Oct 31, 2012Jan 30, 2013Apr 30, 2013Jul 30, 2013Nov 4, 2013Feb 5, 2014May 6, 2014Aug 14, 2014Oct 28, 2014Jan 28, 2015May 6, 2015Aug 6, 2015Oct 29, 2015Jan 28, 2016Apr 27, 2016Aug 3, 2016Nov 2, 2016Feb 1, 2017May 3, 2017Aug 14, 2017Nov 7, 2017Feb 6, 2018May 8, 2018Aug 8, 2018Nov 2, 2018Jan 29, 2019May 1, 2019Jul 31, 2019Oct 30, 2019Jan 29, 2020May 11, 2020Aug 5, 2020Oct 28, 2020Feb 9, 2021Apr 28, 2021Jul 28, 2021Nov 2, 2021Jan 27, 2022Apr 27, 2022Jul 27, 2022Oct 27, 2022Jan 25, 2023Apr 26, 2023Aug 2, 2023Nov 1, 2023Jan 31, 2024May 1, 2024Aug 7, 2024Oct 30, 2024Jan 29, 2025Apr 30, 2025Aug 6, 2025Oct 29, 2025Jan 28, 2026Apr 29, 2026Aug 5, 2026Nov 4, 2026
EPS Estimate0.020.030.050.06-0.020.060.11-0.07-0.01-0.010.030.03-0.04-0.01-0.02-0.05-0.02-0.02-0.01-0.020.040.050.010.030.060.020.03--0.010.020.020.040.050.030.040.020.010.02-0.020.020.040.070.060.070.020.020.030.070.040.080.030.030.060.060.040.150.040.07-0.010.04-0.07-0.030.030.090.020.100.060.070.080.150.140.130.210.190.030.100.100.040.030.13-0.14-0.030.060.140.130.170.160.170.180.140.170.240.260.310.320.25-0.180.130.130.180.180.220.210.240.240.160.15
EPS Actual0.030.040.060.080.050.080.11-0.070.01-0.320.020.020.03-0.03-0.02-0.05-0.060.02-0.04-0.010.020.030.080.010.020.050.060.02-0.02-0.04-0.020.020.010.040.050.010.030.020.040.010.03-0.050.050.060.070.050.06-0.050.020.050.060.040.080.040.030.040.070.060.140.020.09-0.010.05-0.080.100.070.090.030.100.070.120.100.170.160.140.160.200.080.130.080.060.080.13-0.140.030.090.130.160.190.210.210.210.150.200.270.290.330.350.24-0.19-0.080.170.210.210.250.220.260.260.19-
Surprise50.00%33.33%20.00%33.33%350.00%33.33%0.00%0.00%200.00%-100.00%-33.33%0.00%25.00%-100.00%-150.00%-20.00%200.00%-100.00%0.00%-50.00%100.00%-80.00%100.00%66.67%0.00%0.00%-151.33%--100.00%-50.00%100.00%25.00%-80.00%0.00%-50.00%100.00%0.00%50.00%-150.00%150.00%50.00%0.00%-16.67%-14.29%-350.00%0.00%66.67%-14.29%0.00%0.00%33.33%0.00%-33.33%16.67%50.00%-6.67%-50.00%28.57%0.00%25.00%-14.29%433.33%133.33%0.00%50.00%0.00%16.67%71.43%25.00%13.33%14.29%7.69%-23.81%5.26%166.67%30.00%-20.00%50.00%166.67%0.00%0.00%200.00%50.00%-7.14%23.08%11.76%31.25%23.53%16.67%7.14%17.65%12.50%11.54%6.45%9.38%-4.00%-5.56%-161.54%30.77%16.67%16.67%13.64%4.76%8.33%8.33%18.75%-
Timing---------After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours---After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketAfter-hours-After-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-

Key Statistics & Ratios

Market Cap2.84B
Enterprise Value2.89B
Trailing P/E69.42
Forward P/E16.21
PEG Ratio0.81
Price / Sales2.22
Price / Book32.87
EPS0.31
Book Value0.675
Revenue (TTM)1.28B
Gross Profit (TTM)789.14M
EBITDA83.16M
Profit Margin3.28%
Operating Margin6.44%
Return on Equity54.64%
Return on Assets3.43%
Shares Outstanding132.17M
Shares Float126.27M
Beta1.76
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 7 analystsTarget 33.50
  • Strong Buy
    3
  • Buy
    1
  • Hold
    3

Ownership Breakdown

Institutions
100.29%
Insiders
3.19%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    20.19M15.47%
  • Vanguard Portfolio Management, LLC
    13.58M10.40%
  • State Street Corp
    6.45M4.94%
  • Vanguard Capital Management, LLC
    5.78M4.43%
  • Paradigm Capital Management, Inc.
    4.24M3.25%
  • Geode Capital Management, LLC
    3.33M2.55%
  • FMR Inc
    3.32M2.55%
  • Arrowstreet Capital Limited Partnership
    3.25M2.49%
  • The Goldman Sachs Group Inc
    3.13M2.40%
  • Alyeska Investment Group, L.P.
    2.79M2.14%
  • Loomis, Sayles & Company LP
    2.54M1.94%
  • American Century Companies Inc
    2.48M1.90%
  • Renaissance Technologies Corp
    2.08M1.59%
  • Morgan Stanley - Brokerage Accounts
    1.79M1.38%
  • SouthernSun Asset Management, LLC
    1.69M1.29%

Top Fund Holders

  • iShares Core S&P Small-Cap ETF
    7.97M6.11%
  • Vanguard MStar Total Stk Mkt Idx Invest
    3.95M3.03%
  • Vanguard Information Technology ETF
    3.35M2.57%
  • iShares Russell 2000 ETF
    3.31M2.54%
  • Vanguard Strategic Equity Inv
    2.58M1.98%

Stock Splits

  • Aug 25, 20002:1