Extreme Networks (EXTR) Set to Announce Quarterly Earnings on Wednesday

Extreme Networks (NASDAQ:EXTR) will likely be posting its Q1 2027 results before the market opens on Wednesday, October 28th. Analysts expect Extreme Networks to post earnings of $0.2784 per share and revenue of $336.76 million for the quarter. Extreme Networks has set its FY 2027 guidance at 1.280-1.330 EPS and its Q1 2027 guidance at 0.270-0.290 EPS. Interested persons may visit the company’s upcoming Q1 2027 earnings report for the latest details on the call scheduled for Wednesday, October 28, 2026 at 8:00 AM ET.

Extreme Networks (NASDAQ:EXTR) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. The firm had revenue of $338.55 million for the quarter, compared to the consensus estimate of $332.49 million. Extreme Networks had a net margin of 3.28% and a return on equity of 88.88%. The company’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period last year, the firm earned $0.25 earnings per share. On average, analysts expect Extreme Networks to post $0.75 EPS for the current fiscal year and $1.02 EPS for the next fiscal year.

Extreme Networks Stock Performance

Shares of EXTR stock opened at $22.22 on Wednesday. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 39.84, a PEG ratio of 1.44 and a beta of 1.76. The company’s 50 day moving average is $22.56 and its 200 day moving average is $24.82. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.63. Extreme Networks has a 52-week low of $13.48 and a 52-week high of $33.73.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EXTR. Wall Street Zen upgraded Extreme Networks from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Oppenheimer reaffirmed an “outperform” rating on shares of Extreme Networks in a research report on Thursday, August 6th. Rosenblatt Securities cut their price target on Extreme Networks from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Weiss Ratings raised Extreme Networks from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday. Finally, Needham & Company LLC reduced their price target on Extreme Networks from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, August 5th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Extreme Networks has a consensus rating of “Moderate Buy” and an average target price of $32.25.

Insider Activity

In other news, CFO Kevin R. Rhodes sold 21,825 shares of Extreme Networks stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $22.30, for a total value of $486,697.50. Following the transaction, the chief financial officer owned 196,803 shares of the company’s stock, valued at $4,388,706.90. The trade was a 9.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Edward Meyercord sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $21.77, for a total transaction of $1,088,500.00. Following the transaction, the chief executive officer owned 1,710,097 shares of the company’s stock, valued at approximately $37,228,811.69. This trade represents a 2.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 121,825 shares of company stock valued at $3,064,698. Insiders own 3.20% of the company’s stock.

About Extreme Networks

Extreme Networks, Inc develops networking solutions that help organizations connect, manage and secure users, devices and applications across campus, data center and distributed environments. Its portfolio includes wired and wireless network infrastructure, Ethernet switches, access points, software-defined wide-area networking (SD-WAN), network access control and cloud-based network management.

The company’s ExtremeCloud platform supports centralized monitoring, configuration, analytics and automation for network operations.