Extreme Networks (NASDAQ:EXTR) Releases Q3 2026 Earnings Guidance

Extreme Networks (NASDAQ:EXTR) issued an update on its third quarter 2026 earnings guidance on Wednesday morning. 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.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $24.00 target price on shares of Extreme Networks in a report on Monday, November 24th. Wall Street Zen raised Extreme Networks from a “buy” rating to a “strong-buy” rating in a research note on Sunday. B. Riley reissued a “buy” rating on shares of Extreme Networks in a research note on Thursday, October 30th. Bank of America began coverage on Extreme Networks in a research report on Wednesday, November 19th. They issued a “buy” rating and a $24.00 target price for the company. Finally, Rosenblatt Securities reissued a “buy” rating and set a $25.00 price target on shares of Extreme Networks in a research report on Tuesday, November 11th. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Extreme Networks presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.83.

Extreme Networks Stock Performance

Shares of EXTR opened at $14.70 on Wednesday. Extreme Networks has a 1 year low of $10.10 and a 1 year high of $22.89. The stock has a market capitalization of $1.97 billion, a PE 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. The stock has a 50-day simple moving average of $16.64 and a 200-day simple moving average of $18.71.

Extreme Networks (NASDAQ:EXTR) last issued its earnings results on Wednesday, January 28th. The technology company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. Extreme Networks had a net margin of 0.73% and a return on equity of 81.83%. The firm had revenue of $317.93 million for 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, analysts predict that Extreme Networks will post 0.31 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Edward Meyercord sold 50,000 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $16.54, for a total transaction of $827,000.00. Following the completion of the transaction, the chief executive officer owned 1,871,418 shares in the company, valued at approximately $30,953,253.72. The trade was a 2.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada raised its position in shares of Extreme Networks by 20.8% during the 1st quarter. Royal Bank of Canada now owns 73,610 shares of the technology company’s stock worth $974,000 after acquiring an additional 12,667 shares in the last quarter. AQR Capital Management LLC increased its stake in Extreme Networks by 6.6% in the first quarter. AQR Capital Management LLC now owns 34,375 shares of the technology company’s stock valued at $455,000 after purchasing an additional 2,122 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Extreme Networks by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,723 shares of the technology company’s stock worth $1,015,000 after purchasing an additional 3,349 shares in the last quarter. Millennium Management LLC lifted its position in shares of Extreme Networks by 163.0% during the 1st quarter. Millennium Management LLC now owns 1,260,362 shares of the technology company’s stock worth $16,675,000 after buying an additional 781,103 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Extreme Networks by 7.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 319,434 shares of the technology company’s stock valued at $4,226,000 after buying an additional 22,209 shares in the last quarter. 91.05% of the stock is owned by institutional investors and hedge funds.

About Extreme Networks

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.