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

Extreme Networks (NASDAQ:EXTR) is expected to announce its Q1 2027 results before the market opens on Wednesday, October 28th. Analysts expect the company to announce earnings of $0.2778 per share and revenue of $336.75 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 can find conference call details on the company’s upcoming Q1 2027 earnings overview page for the latest details on the call scheduled for Wednesday, October 28, 2026 at 8:00 AM ET.

Extreme Networks (NASDAQ:EXTR) last issued its earnings results on Wednesday, August 5th. The technology company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.03. Extreme Networks had a return on equity of 88.88% and a net margin of 3.28%. The company had revenue of $338.55 million during the quarter, compared to analysts’ expectations of $332.49 million. During the same period in the prior year, the business posted $0.25 EPS. Extreme Networks’s quarterly revenue was up 10.3% compared to the same quarter last year. 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 Price Performance

EXTR opened at $21.97 on Monday. The stock’s 50 day simple moving average is $22.44 and its 200 day simple moving average is $24.97. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.93 and a quick ratio of 0.81. Extreme Networks has a 1 year low of $13.48 and a 1 year high of $33.73. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 70.87, a PEG ratio of 1.45 and a beta of 1.76.

Insider Transactions at Extreme Networks

In related news, CEO Edward Meyercord sold 50,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $37,228,811.69. The trade was a 2.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevin R. Rhodes sold 21,825 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $4,388,706.90. This represents a 9.98% 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 quarter, insiders have sold 121,825 shares of company stock valued at $3,064,698. 3.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

EXTR has been the subject of several recent research reports. Needham & Company LLC lowered their price objective 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. Wall Street Zen raised Extreme Networks from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. B. Riley Financial raised their target price on shares of Extreme Networks from $28.00 to $34.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Oppenheimer restated an “outperform” rating on shares of Extreme Networks in a report on Thursday, August 6th. Finally, Weiss Ratings raised shares of Extreme Networks from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 16th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.25.

Extreme Networks Company Profile

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.