Extreme Networks (NASDAQ:EXTR) Issues 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 guidance of 0.230-0.250 for the period, compared to the consensus earnings per share 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.

Extreme Networks Price Performance

EXTR traded down $0.23 on Wednesday, reaching $14.47. The company had a trading volume of 596,766 shares, compared to its average volume of 1,421,035. Extreme Networks has a 52-week low of $10.10 and a 52-week high of $22.89. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 206.77, a P/E/G 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 business 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 posted its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. Extreme Networks had a net margin of 0.73% and a return on equity of 81.83%. The company had revenue of $317.93 million during the quarter, compared to the consensus estimate of $312.33 million. During the same period in the previous year, the firm posted $0.21 EPS. The firm’s revenue was up 13.8% compared to the same quarter last year. Extreme Networks has set its Q3 2026 guidance at 0.230-0.250 EPS. As a group, sell-side analysts anticipate that Extreme Networks will post 0.31 EPS for the current year.

Analysts Set New Price Targets

EXTR has been the topic of a number of research reports. Weiss Ratings cut Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, January 16th. Wall Street Zen raised shares of Extreme Networks from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Needham & Company LLC restated a “buy” rating and issued a $24.00 price objective on shares of Extreme Networks in a report on Monday, November 24th. B. Riley reaffirmed a “buy” rating on shares of Extreme Networks in a report on Thursday, October 30th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $25.00 target price on shares of Extreme Networks in a research report on Tuesday, November 11th. Six equities 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.83.

Insider Activity at Extreme Networks

In other news, CEO Edward Meyercord sold 50,000 shares of the stock in a transaction dated 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 sale, the chief executive officer directly owned 1,871,418 shares in the company, valued at approximately $30,953,253.72. This represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On Extreme Networks

Several hedge funds have recently made changes to their positions in EXTR. PharVision Advisers LLC bought a new position in Extreme Networks in the third quarter worth about $298,000. Sherbrooke Park Advisers LLC purchased a new position in shares of Extreme Networks during the 3rd quarter worth approximately $281,000. Prelude Capital Management LLC bought a new position in shares of Extreme Networks in the 3rd quarter worth approximately $308,000. Larson Financial Group LLC raised its position in shares of Extreme Networks by 8,569.1% in the 3rd quarter. Larson Financial Group LLC now owns 10,663 shares of the technology company’s stock worth $220,000 after acquiring an additional 10,540 shares in the last quarter. Finally, Vident Advisory LLC bought a new stake in shares of Extreme Networks during the second quarter valued at approximately $263,000. 91.05% of the stock is owned by hedge funds and other institutional investors.

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.