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EXTR

EXTR - Extreme Networks Inc Stock Price, Fair Value and News

11.68USD-0.30 (-2.50%)Delayed

Market Summary

EXTR
USD11.68-0.30
Delayed
-2.50%

EXTR Alerts

  • 1 major insider sales recently.
  • Big fall in Revenue (Y/Y)
  • Big fall in earnings (Y/Y)
  • Losses in recent quarter

EXTR Stock Price

View Fullscreen

EXTR RSI Chart

EXTR Valuation

Market Cap

1.5B

Price/Earnings (Trailing)

-239.63

Price/Sales (Trailing)

1.24

EV/EBITDA

33.43

Price/Free Cashflow

14.9

EXTR Price/Sales (Trailing)

EXTR Profitability

EBT Margin

0.69%

Return on Equity

-9.75%

Return on Assets

-0.58%

Free Cashflow Yield

6.71%

EXTR Fundamentals

EXTR Revenue

Revenue (TTM)

1.2B

Rev. Growth (Yr)

-36.53%

Rev. Growth (Qtr)

-28.79%

EXTR Earnings

Earnings (TTM)

-6.3M

Earnings Growth (Yr)

-391.11%

Earnings Growth (Qtr)

-1.7K%

Breaking Down EXTR Revenue

Last 7 days

8.1%

Last 30 days

4.9%

Last 90 days

-3.9%

Trailing 12 Months

-36.6%

How does EXTR drawdown profile look like?

EXTR Financial Health

Current Ratio

0.96

Debt/Equity

2.78

Debt/Cashflow

0.67

EXTR Investor Care

Shares Dilution (1Y)

0.74%

Diluted EPS (TTM)

-0.07

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20241.2B000
20231.2B1.3B1.4B1.3B
20221.1B1.1B1.1B1.2B
2021946.9M1.0B1.0B1.1B
2020984.9M948.0M928.3M903.0M
20191.0B995.8M1.0B1.0B
2018883.7M983.1M1.0B1.0B
2017559.2M607.1M696.2M770.9M
2016538.6M519.8M517.9M534.9M
2015558.4M552.9M541.2M533.3M
2014443.7M519.6M579.9M580.5M
2013307.5M299.3M299.1M370.2M
2012324.8M322.7M320.0M312.7M
2011328.2M334.4M329.5M327.2M
20100309.4M315.6M321.9M
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Tracking the Latest Insider Buys and Sells of Extreme Networks Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
May 09, 2024
meyercord edward
sold
-531,370
10.6274
-50,000
president and ceo
Feb 15, 2024
motiey katayoun
acquired
-
-
9,498
chief legal admin sust officer
Feb 15, 2024
meyercord edward
sold (taxes)
-311,765
12.24
-25,471
president and ceo
Feb 15, 2024
meyercord edward
acquired
-
-
64,727
president and ceo
Feb 15, 2024
motiey katayoun
sold (taxes)
-54,247
12.24
-4,432
chief legal admin sust officer
Feb 01, 2024
meyercord edward
sold
-376,602
13.2406
-28,443
president and ceo
Feb 01, 2024
meyercord edward
acquired
182,035
6.4
28,443
president and ceo
Jan 02, 2024
meyercord edward
acquired
182,035
6.4
28,443
president and ceo
Jan 02, 2024
meyercord edward
sold
-505,307
17.7656
-28,443
president and ceo
Dec 30, 2023
rhodes kevin r
sold (taxes)
-372,028
17.64
-21,090
evp chief financial officer

1–10 of 50

Which funds bought or sold EXTR recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
May 16, 2024
Pineridge Advisors LLC
sold off
-100
-88.00
-
-%
May 16, 2024
Colony Group, LLC
added
104
646,000
2,548,000
0.02%
May 16, 2024
SkyView Investment Advisors, LLC
added
45.8
-42,000
875,000
0.16%
May 16, 2024
JANE STREET GROUP, LLC
reduced
-37.35
-1,620,100
1,125,230
-%
May 16, 2024
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-5.05
-909,903
1,492,000
-%
May 16, 2024
COMERICA BANK
reduced
-11.89
-453,490
617,107
-%
May 15, 2024
TWO SIGMA ADVISERS, LP
added
26.83
-3,121,240
15,208,700
0.04%
May 15, 2024
PRELUDE CAPITAL MANAGEMENT, LLC
sold off
-100
-454,054
-
-%
May 15, 2024
CAPITAL FUND MANAGEMENT S.A.
added
29.7
-500,005
2,800,830
0.01%
May 15, 2024
TWO SIGMA INVESTMENTS, LP
reduced
-17.93
-10,118,400
11,731,800
0.03%

1–10 of 46

Are Funds Buying or Selling EXTR?

Are funds buying EXTR calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own EXTR
No. of Funds

Unveiling Extreme Networks Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2024
capital research global investors
0.0%
0
SC 13G/A
Jan 23, 2024
blackrock inc.
14.1%
18,313,975
SC 13G/A
Jan 10, 2024
vanguard group inc
10.02%
12,989,988
SC 13G/A
Feb 13, 2023
capital research global investors
6.8%
8,916,310
SC 13G/A
Feb 09, 2023
vanguard group inc
9.13%
11,992,756
SC 13G/A
Jan 26, 2023
blackrock inc.
13.6%
17,914,841
SC 13G/A
Jan 20, 2023
blackrock inc.
13.6%
17,914,841
SC 13G
Feb 11, 2022
capital research global investors
6.9%
8,914,375
SC 13G
Feb 07, 2022
paradigm capital management inc/ny
4.73%
6,114,700
SC 13G/A
Jan 28, 2022
blackrock inc.
13.1%
17,078,154
SC 13G/A

Recent SEC filings of Extreme Networks Inc

View All Filings
Date Filed Form Type Document
May 16, 2024
4
Insider Trading
May 16, 2024
4
Insider Trading
May 10, 2024
4
Insider Trading
May 09, 2024
144
Notice of Insider Sale Intent
May 02, 2024
10-Q
Quarterly Report
May 01, 2024
8-K
Current Report
Feb 16, 2024
4
Insider Trading
Feb 16, 2024
4
Insider Trading
Feb 09, 2024
SC 13G/A
Major Ownership Report

Peers (Alternatives to Extreme Networks Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
195.2B
57.2B
0.84% -0.02%
14.52
3.41
7.66% 18.93%
100.2B
6.1B
23.38% 126.13%
43.8
16.49
25.22% 50.89%
30.6B
53.1B
12.68% 1.50%
8.95
0.58
-11.04% 34.01%
23.2B
29.1B
4.87% 23.94%
11.47
0.8
2.24% 133.29%
13.8B
4.3B
13.89% 41.09%
22.55
3.21
-5.30% 67.91%
11.3B
5.3B
-5.04% 17.70%
50.26
2.11
-2.96% -55.26%
MID-CAP
8.8B
1.9B
37.99% -15.28%
25.3
4.63
1.03% -11.76%
3.8B
2.4B
13.60% 9.12%
21.17
1.58
-8.79% -36.23%
3.1B
1.4B
9.65% -2.83%
-8.78
2.19
-21.81% -865.12%
SMALL-CAP
1.5B
1.2B
4.94% -36.59%
-239.63
1.24
-0.19% -110.91%
456.4M
205.3M
-2.09% 570.29%
-7.25
2.22
-8.19% 5.55%
417.7M
1.1B
13.55% -38.68%
-0.76
0.4
-12.01% -1246.95%
135.5M
148.1M
4.92% 16.09%
28.87
0.92
3.90% 76.40%
56.5M
53.8M
-4.90% -
-4.7
1.05
-28.06% -33.67%
34.5M
29.9M
-30.00% -88.82%
-0.45
1.16
39.86% -24.01%

Extreme Networks Inc News

Latest updates
MarketBeat • 17 hours ago
Yahoo New Zealand News • 12 May 2024 • 11:50 pm

Extreme Networks Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Thousands)
Income Statement (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue-28.8%211296353364333318298278286281268278253242236216210267256252251
Gross Profit-34.6%120183213214192182167154161159156161149140135121111149137139139
Operating Expenses5.4%182173177177162158149144144141137144138134135134150164169151141
  S&GA Expenses3.0%88.0085.0092.0094.0084.0081.0078.0081.0073.0072.0070.0075.0071.0067.0064.0067.0070.0075.0071.0077.0072.00
  R&D Expenses3.2%55.0053.0058.0056.0055.0053.0051.0045.0050.0048.0048.0049.0049.0049.0050.0045.0051.0055.0059.0055.0052.00
EBITDA Margin-62.9%0.04*0.10*0.11*0.10*0.08*0.08*0.07*0.08*0.08*0.08*0.07*0.06*---------
Interest Expenses-2.1%4.004.004.006.004.004.004.003.003.003.004.005.006.006.007.006.006.006.005.003.003.00
Income Taxes-119.6%-0.603.005.008.004.003.002.002.002.002.002.003.002.002.001.001.002.002.002.002.002.00
Earnings Before Taxes-1021.8%-65.057.0033.0033.0026.0021.0014.008.0015.0015.0015.0013.006.00-1.23-7.49-19.81-42.79-21.74-36.14-15.08-5.05
EBT Margin-90.7%0.01*0.07*0.08*0.07*0.06*0.05*0.05*0.05*0.05*0.05*0.03*0.01*---------
Net Income-1715.5%-64.424.0029.0025.0022.0018.0013.005.0013.0013.0013.0010.003.00-3.05-8.81-21.22-44.35-23.54-37.74-17.05-6.93
Net Income Margin-108.7%-0.01*0.06*0.07*0.06*0.05*0.04*0.04*0.04*0.04*0.04*0.02*0.00*---------
Free Cashflow-357.2%-73.5429.0071.0076.0046.0067.0047.0060.00-2.9019.0037.0052.00---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets-5.0%1,0851,1431,1071,1421,0681,0621,0581,0691,0251,0131,0091,0109549469599799731,0151,052757712
  Current Assets-9.4%506558532576502498482489447431424488421403407414396418435442391
    Cash Equivalents-31.8%151221224235203203198195167174191247203184193194196140131170157
  Inventory21.5%18515310189.0070.0064.0052.0049.0038.0037.0032.0033.0044.0050.0056.0063.0066.0080.0082.0064.0058.00
  Net PPE-0.7%47.0048.0046.0046.0045.0046.0048.0050.0049.0052.0053.0055.0056.0056.0056.0059.0063.0068.0071.0074.0073.00
  Goodwill-0.4%39439639339539539340040040012.00388331331331331331331330333139139
  Current Liabilities-3.8%528549529576527529503500458468455456415422436398375423411356303
  Long Term Debt-1.3%181183185188198223232271280288297316322329335395400349353170172
    LT Debt, Current0.0%9.009.009.0034.0036.0036.0036.0033.0031.0029.0026.0024.0021.0019.0052.0017.0017.0017.0017.009.009.00
    LT Debt, Non Current-100.0%-183185188198223232271280288297316322329335395400349353170172
Shareholder's Equity-40.0%65.0010810811710385.0011190.0099.0070.0072.0054.0035.0018.0010.005.0016.0051.0094.00116126
  Retained Earnings-7.8%-887-823-827-856-881-903-921-934-939-952-965-978-988-992-989-980-959-914-891-853-836
  Additional Paid-In Capital2.0%1,2051,1811,1651,1741,1601,1391,1251,1151,1081,0931,0851,0791,0701,0561,0471,0351,0251,0081,003987980
Shares Outstanding1.0%130129130128129130130129130129128124---------
Float------1,600---1,400---600---700---
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations-304.1%-69,86834,23075,63580,69348,18270,60349,73464,1221,57322,22840,25457,03924,72538,02624,7458,8235,15022,113-20225,44317,891
  Share Based Compensation-14.9%17,83320,95719,91916,91115,37617,39613,78910,73210,85311,33310,44411,4569,19810,0958,30210,9077,14310,9588,8348,5588,814
Cashflow From Investing34.8%-3,677-5,641-4,314-5,166-2,363-3,132-3,139-4,303-4,477-3,243-72,927-4,858-4,279-5,016-3,023-2,638-3,19225,547-209,194-6,355-5,041
Cashflow From Financing110.5%3,323-31,781-81,461-43,666-45,506-63,487-42,124-31,452-3,817-36,713-22,681-8,401-1,144-42,465-22,772-8,77054,526-38,651171,387-6,2643,151
  Buy Backs-199.4%-74,744-24,96624,88925,053-25,004-49,803-19,99927,160-24,974-4,372---3,581-4,82125,179---
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EXTR Income Statement

2024-03-31
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Net revenues:    
Total net revenues$ 211,036$ 332,507$ 860,550$ 948,544
Cost of revenues:    
Total cost of revenues91,135140,569344,343408,243
Gross profit:    
Total gross profit119,901191,938516,207540,301
Operating expenses:    
Research and development54,51754,837165,366158,444
Sales and marketing87,70883,962264,782242,882
General and administrative25,21321,68374,47064,315
Acquisition and integration costs   390
Restructuring and related charges14,4211,36326,3122,320
Amortization of intangible assets5115101,5311,537
Total operating expenses182,370162,355532,461469,888
Operating income (loss)(62,469)29,583(16,254)70,413
Interest income1,2397743,8952,055
Interest expense(4,179)(3,946)(12,766)(11,656)
Other income (expense), net361(367)373142
Income (loss) before income taxes(65,048)26,044(24,752)60,954
Provision for (benefit from) income taxes(623)3,9137,0098,307
Net income (loss)$ (64,425)$ 22,131$ (31,761)$ 52,647
Basic and diluted income (loss) per share:    
Net income (loss) per share - basic$ (0.5)$ 0.17$ (0.25)$ 0.41
Net income (loss) per share - diluted$ (0.5)$ 0.17$ (0.25)$ 0.39
Shares used in per share calculation – basic129,299128,816129,021129,864
Shares used in per share calculation – diluted129,299133,025129,021133,716
Product    
Net revenues:    
Total net revenues$ 106,442$ 241,058$ 546,536$ 670,779
Cost of revenues:    
Total cost of revenues60,837108,915250,866312,265
Gross profit:    
Total gross profit45,605132,143295,670358,514
Subscription and Support    
Net revenues:    
Total net revenues104,59491,449314,014277,765
Cost of revenues:    
Total cost of revenues30,29831,65493,47795,978
Gross profit:    
Total gross profit$ 74,296$ 59,795$ 220,537$ 181,787

EXTR Balance Sheet

2024-03-31
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Jun. 30, 2023
Current assets:  
Cash and cash equivalents$ 151,007$ 234,826
Accounts receivable, net94,438182,045
Inventories185,35789,024
Prepaid expenses and other current assets75,18270,263
Total current assets505,984576,158
Property and equipment, net47,25446,448
Operating lease right-of-use assets, net44,23634,739
Intangible assets, net11,78916,063
Goodwill394,177394,755
Other assets82,02873,544
Total assets1,085,4681,141,707
Current liabilities:  
Current portion of long-term debt, net of unamortized debt issuance costs of $674 and $674, respectively9,32634,326
Accounts payable81,48399,724
Accrued compensation and benefits44,05371,367
Accrued warranty11,06712,322
Current portion of operating lease liabilities9,98910,847
Current portion of deferred revenue299,580282,475
Other accrued liabilities72,80464,440
Total current liabilities528,302575,501
Deferred revenue, less current portion258,731219,024
Long-term debt, less current portion, net of unamortized debt issuance costs of $1,903 and $2,409, respectively180,597187,591
Operating lease liabilities, less current portion42,24831,845
Deferred income taxes7,4767,747
Other long-term liabilities3,1523,247
Commitments and contingencies (Note 8)
Stockholders’ equity:  
Convertible preferred stock, $0.001 par value, issuable in series, 2,000 shares authorized; none issued
Common stock, $0.001 par value, 750,000 shares authorized; 148,105 and 143,629 shares issued, respectively; 129,886 and 127,775 shares outstanding, respectively148144
Additional paid-in-capital1,204,8851,173,744
Accumulated other comprehensive loss(14,511)(13,192)
Accumulated deficit(887,759)(855,998)
Treasury stock at cost, 18,219 and 15,854 shares, respectively(237,801)(187,946)
Total stockholders’ equity64,962116,752
Total liabilities and stockholders’ equity$ 1,085,468$ 1,141,707
EXTR
Extreme Networks, Inc. provides software-driven networking solutions worldwide. It designs, develops, and manufactures wired, wireless, and software-defined wide area-network infrastructure equipment. The company offers ExtremeCloud IQ, an ML/AI powered, wired, and wireless cloud network management solution that offers advanced visibility and control over users, devices, and applications; ExtremeCloud IQ – Site Engine that provides task automation, access control, granular visibility with real-time analytics and multi-vendor device management; and ExtremeCloud IQ Essentials offers WIPS, location services, IoT, and guest management services. It also provides wireless local area networks access point products; ExtremeSwitching portfolio that includes access edge products, which offer connection speeds physical presentations along with options to deliver Ethernet or convergence-friendly Power-over-Ethernet (POE), including high-power universal POE; ExtremeCloud SD-WAN, a software-defined wide area networks solution offers an all-inclusive subscription, which includes hardware, the cloud-based SD-WAN service, support and maintenance, and customer success support; aggregation/core switches designed to address aggregation, top-of-rack, and campus core environments; and data center switches and routers. In addition, the company offers cloud native platforms and applications for service providers; and customer support and services. It markets and sells its products through distributors, resellers, and field sales organizations to healthcare, education, government, manufacturing, retail, and hospitality markets. Extreme Networks, Inc. was incorporated in 1996 and is headquartered in Morrisville, North Carolina.
 CEO
 WEBSITEextremenetworks.com
 INDUSTRYComputer Hardware
 EMPLOYEES2849

Extreme Networks Inc Frequently Asked Questions


What is the ticker symbol for Extreme Networks Inc? What does EXTR stand for in stocks?

EXTR is the stock ticker symbol of Extreme Networks Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Extreme Networks Inc (EXTR)?

As of Fri May 17 2024, market cap of Extreme Networks Inc is 1.52 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of EXTR stock?

You can check EXTR's fair value in chart for subscribers.

What is the fair value of EXTR stock?

You can check EXTR's fair value in chart for subscribers. The fair value of Extreme Networks Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Extreme Networks Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for EXTR so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Extreme Networks Inc a good stock to buy?

The fair value guage provides a quick view whether EXTR is over valued or under valued. Whether Extreme Networks Inc is cheap or expensive depends on the assumptions which impact Extreme Networks Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for EXTR.

What is Extreme Networks Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, EXTR's PE ratio (Price to Earnings) is -239.63 and Price to Sales (PS) ratio is 1.24. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. EXTR PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Extreme Networks Inc's stock?

In the past 10 years, Extreme Networks Inc has provided 0.108 (multiply by 100 for percentage) rate of return.