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EXTR

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

11.15USD+0.06 (+0.54%)Market Closed

Market Summary

EXTR
USD11.15+0.06
Market Closed
0.54%

EXTR Stock Price

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EXTR RSI Chart

EXTR Valuation

Market Cap

1.4B

Price/Earnings (Trailing)

17.8

Price/Sales (Trailing)

1.06

EV/EBITDA

10.13

Price/Free Cashflow

6.45

EXTR Price/Sales (Trailing)

EXTR Profitability

EBT Margin

7.39%

Return on Equity

74.15%

Return on Assets

7.02%

Free Cashflow Yield

15.5%

EXTR Fundamentals

EXTR Revenue

Revenue (TTM)

1.3B

Rev. Growth (Yr)

-6.9%

Rev. Growth (Qtr)

-16.07%

EXTR Earnings

Earnings (TTM)

80.2M

Earnings Growth (Yr)

-77.76%

Earnings Growth (Qtr)

-86.09%

Breaking Down EXTR Revenue

Last 7 days

-0.4%

Last 30 days

-4.8%

Last 90 days

-33.9%

Trailing 12 Months

-31.8%

How does EXTR drawdown profile look like?

EXTR Financial Health

Current Ratio

1.02

Debt/Equity

1.69

Debt/Cashflow

1.31

EXTR Investor Care

Buy Backs (1Y)

0.35%

Diluted EPS (TTM)

0.6

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
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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Very Expensive Stocks: $8,224


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Tracking the Latest Insider Buys and Sells of Extreme Networks Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Feb 15, 2024
motiey katayoun
acquired
-
-
9,498
chief legal admin sust officer
Feb 15, 2024
meyercord edward
acquired
-
-
64,727
president and ceo
Feb 15, 2024
meyercord edward
sold (taxes)
-311,765
12.24
-25,471
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
sold
-505,307
17.7656
-28,443
president and ceo
Jan 02, 2024
meyercord edward
acquired
182,035
6.4
28,443
president and ceo
Dec 30, 2023
rhodes kevin r
sold (taxes)
-372,028
17.64
-21,090
evp chief financial officer
Dec 30, 2023
rhodes kevin r
acquired
-
-
47,500
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
Apr 23, 2024
Gradient Investments LLC
sold off
-100
-18.00
-
-%
Apr 23, 2024
Louisiana State Employees Retirement System
reduced
-1.69
-408,584
736,252
0.01%
Apr 23, 2024
Global Retirement Partners, LLC
reduced
-10.46
-6,417
11,263
-%
Apr 23, 2024
FIFTH THIRD BANCORP
added
243
3,525
6,347
-%
Apr 23, 2024
WESBANCO BANK INC
new
-
593,987
593,987
0.02%
Apr 23, 2024
AMALGAMATED BANK
reduced
-27.29
-519,000
471,000
-%
Apr 23, 2024
KLR INVESTMENT ADVISORS, LLC
sold off
-100
-223,587
-
-%
Apr 22, 2024
RAYMOND JAMES & ASSOCIATES
added
2.79
-3,120,360
6,405,740
-%
Apr 22, 2024
MetLife Investment Management, LLC
unchanged
-
-439,336
1,179,590
0.01%
Apr 19, 2024
Mesirow Financial Investment Management, Inc.
reduced
-25.37
-123,462
139,415
0.70%

1–10 of 47

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
Feb 16, 2024
4
Insider Trading
Feb 16, 2024
4
Insider Trading
Feb 09, 2024
SC 13G/A
Major Ownership Report
Feb 02, 2024
4
Insider Trading
Feb 01, 2024
10-Q
Quarterly Report
Jan 31, 2024
8-K
Current Report
Jan 23, 2024
SC 13G/A
Major Ownership Report
Jan 18, 2024
3
Insider Trading

Peers (Alternatives to Extreme Networks Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
195.6B
57.2B
-2.97% 1.92%
14.55
3.42
7.66% 18.93%
78.6B
5.9B
-17.99% 60.51%
37.64
13.41
33.75% 54.34%
27.1B
53.1B
-7.92% -6.11%
7.94
0.51
-11.04% 34.01%
21.9B
29.1B
-3.11% 17.36%
10.8
0.75
2.24% 133.29%
12.4B
4.2B
-13.02% 37.67%
25.61
2.93
-11.68% 12.69%
11.6B
5.6B
-3.13% 14.85%
37.24
2.08
4.97% -34.14%
MID-CAP
6.4B
1.9B
-7.00% -56.21%
17.23
3.42
4.69% 6.86%
3.5B
2.5B
-9.16% 5.91%
14.26
1.38
-3.62% -4.73%
2.8B
1.4B
-17.47% -11.79%
-10.62
1.97
-21.40% -1031.82%
SMALL-CAP
1.4B
1.3B
-4.81% -31.84%
17.8
1.06
14.09% 64.56%
432.4M
217.6M
-23.23% 424.19%
-7.71
1.99
-2.32% 15.59%
378.2M
1.1B
-10.32% -49.42%
-1.41
0.33
12.05% -13041.29%
133.2M
148.1M
-4.07% 21.99%
28.37
0.9
3.90% 76.40%
59.2M
29.7M
5.26% -80.77%
-0.86
1.99
39.86% -13.06%
58.5M
56.0M
4.11% -3.63%
-4.71
1.04
-26.16% -43.53%

Extreme Networks Inc News

Latest updates
MarketBeat12 hours ago
Seeking Alpha14 Apr 202407:00 am

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/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue-16.1%296353364333318298278286281268278253242236216210267256252251253
Gross Profit-13.9%183213214192182167154161159156161149140135121111149137139139141
Operating Expenses-2.2%173177177162158149144144141137144138134135134150164169151141137
  S&GA Expenses-7.4%85.0092.0094.0084.0081.0078.0081.0073.0072.0070.0075.0071.0067.0064.0067.0070.0075.0071.0077.0072.0068.00
  R&D Expenses-8.9%53.0058.0056.0055.0053.0051.0045.0050.0048.0048.0049.0049.0049.0050.0045.0051.0055.0059.0055.0052.0052.00
EBITDA Margin-7.5%0.10*0.11*0.10*0.08*0.08*0.07*0.08*0.08*0.08*0.07*0.06*0.03*---------
Interest Expenses-1.1%4.004.006.004.004.004.003.003.003.004.005.006.006.007.006.006.006.005.003.003.003.00
Income Taxes-32.7%3.005.008.004.003.002.002.002.002.002.003.002.002.001.001.002.002.002.002.002.00-5.30
Earnings Before Taxes-78.8%7.0033.0033.0026.0021.0014.008.0015.0015.0015.0013.006.00-1.23-7.49-19.81-42.79-21.74-36.14-15.08-5.052.00
EBT Margin-10.5%0.07*0.08*0.07*0.06*0.05*0.05*0.05*0.05*0.05*0.03*0.01*-0.02*---------
Net Income-86.1%4.0029.0025.0022.0018.0013.005.0013.0013.0013.0010.003.00-3.05-8.81-21.22-44.35-23.54-37.74-17.05-6.937.00
Net Income Margin-13.4%0.06*0.07*0.06*0.05*0.04*0.04*0.04*0.04*0.04*0.02*0.00*-0.03*---------
Free Cashflow-59.9%29.0071.0076.0046.0067.0047.0060.00-2.9019.0037.0052.0020.00---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets3.3%1,1431,1071,1421,0681,0621,0581,0691,0251,0131,0091,0109549469599799731,0151,052757712712
  Current Assets4.8%558532576502498482489447431424488421403407414396418435442391383
    Cash Equivalents-1.4%221224235203203198195167174191247203184193194196140131170157141
  Inventory51.3%15310189.0070.0064.0052.0049.0038.0037.0032.0033.0044.0050.0056.0063.0066.0080.0082.0064.0058.0058.00
  Net PPE2.7%48.0046.0046.0045.0046.0048.0050.0049.0052.0053.0055.0056.0056.0056.0059.0063.0068.0071.0074.0073.0074.00
  Goodwill0.7%39639339539539340040040012.00388331331331331331331330333139139138
  Current Liabilities3.8%549529576527529503500458468455456415422436398375423411356303312
  Long Term Debt-1.3%183185188198223232271280288297316322329335395400349353170172174
    LT Debt, Current0%9.009.0034.0036.0036.0036.0033.0031.0029.0026.0024.0021.0019.0052.0017.0017.0017.0017.009.009.009.00
    LT Debt, Non Current-1.3%183185188198223232271280288297316322329335395400349353170172174
Shareholder's Equity-0.3%10810811710385.0011190.0099.0070.0072.0054.0035.0018.0010.005.0016.0051.0094.00116126116
  Retained Earnings0.5%-823-827-856-881-903-921-934-939-952-965-978-988-992-989-980-959-914-891-853-836-829
  Additional Paid-In Capital1.4%1,1811,1651,1741,1601,1391,1251,1151,1081,0931,0851,0791,0701,0561,0471,0351,0251,0081,003987980963
Shares Outstanding-0.7%129130128129130130129130129128124123---------
Float-----1,600---1,400---600---700---500
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations-54.7%34,23075,63580,69348,18270,60349,73464,1221,57322,22840,25457,03924,72538,02624,7458,8235,15022,113-20225,44317,89127,281
  Share Based Compensation5.2%20,95719,91916,91115,37617,39613,78910,73210,85311,33310,44411,4569,19810,0958,30210,9077,14310,9588,8348,5588,8148,700
Cashflow From Investing-30.8%-5,641-4,314-5,166-2,363-3,132-3,139-4,303-4,477-3,243-72,927-4,858-4,279-5,016-3,023-2,638-3,19225,547-209,194-6,355-5,041-3,723
Cashflow From Financing61.0%-31,781-81,461-43,666-45,506-63,487-42,124-31,452-3,817-36,713-22,681-8,401-1,144-42,465-22,772-8,77054,526-38,651171,387-6,2643,151-23,150
  Buy Backs-200.3%-24,96624,88925,053-25,004-49,803-19,99927,160-24,974-4,372---3,581-4,82125,179---15,000

EXTR Income Statement

2023-12-31
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Net revenues:    
Total net revenues$ 296,377$ 318,348$ 649,514$ 616,037
Cost of revenues:    
Total cost of revenues113,007136,693253,208267,674
Gross profit:    
Total gross profit183,370181,655396,306348,363
Operating expenses:    
Research and development52,83352,618110,849103,607
Sales and marketing85,15480,538177,074158,920
General and administrative25,38424,08549,25742,632
Acquisition and integration costs   390
Restructuring and related charges9,17447611,891957
Amortization of intangible assets5095041,0201,027
Total operating expenses173,054158,221350,091307,533
Operating income10,31623,43446,21540,830
Interest income1,4308892,6561,281
Interest expense(4,269)(3,884)(8,587)(7,710)
Other income (expense), net(420)13812509
Income before income taxes7,05720,57740,29634,910
Provision for income taxes3,0692,6467,6324,394
Net income$ 3,988$ 17,931$ 32,664$ 30,516
Basic and diluted income per share:    
Net income per share – basic$ 0.03$ 0.14$ 0.25$ 0.23
Net income per share – diluted$ 0.03$ 0.13$ 0.25$ 0.23
Shares used in per share calculation – basic128,987130,465128,885130,377
Shares used in per share calculation – diluted131,514134,453132,786133,833
Product    
Net revenues:    
Total net revenues$ 186,611$ 223,445$ 440,094$ 429,721
Cost of revenues:    
Total cost of revenues81,493103,587190,029203,350
Gross profit:    
Total gross profit105,118119,858250,065226,371
Subscription and Support    
Net revenues:    
Total net revenues109,76694,903209,420186,316
Cost of revenues:    
Total cost of revenues31,51433,10663,17964,324
Gross profit:    
Total gross profit$ 78,252$ 61,797$ 146,241$ 121,992

EXTR Balance Sheet

2023-12-31
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2023
Jun. 30, 2023
Current assets:  
Cash and cash equivalents$ 221,403$ 234,826
Accounts receivable, net112,047182,045
Inventories152,52189,024
Prepaid expenses and other current assets72,27270,263
Total current assets558,243576,158
Property and equipment, net47,59846,448
Operating lease right-of-use assets, net47,12434,739
Intangible assets, net13,10416,063
Goodwill395,606394,755
Other assets80,98373,544
Total assets1,142,6581,141,707
Current liabilities:  
Current portion of long-term debt, net of unamortized debt issuance costs of $675 and $674, respectively9,32534,326
Accounts payable87,79099,724
Accrued compensation and benefits50,86271,367
Accrued warranty11,39712,322
Current portion of operating lease liabilities10,68610,847
Current portion of deferred revenue300,399282,475
Other accrued liabilities78,50764,440
Total current liabilities548,966575,501
Deferred revenue, less current portion247,777219,024
Long-term debt, less current portion, net of unamortized debt issuance costs of $2,069 and $2,409, respectively182,931187,591
Operating lease liabilities, less current portion43,85231,845
Deferred income taxes7,7487,747
Other long-term liabilities3,2003,247
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, $0.001 par value, 750,000 shares authorized; 146,843 and 143,629 shares issued, respectively; 128,624 and 127,775 shares outstanding, respectively147144
Additional paid-in-capital1,181,2301,173,744
Accumulated other comprehensive loss(12,058)(13,192)
Accumulated deficit(823,334)(855,998)
Treasury stock at cost, 18,219 and 15,854 shares, respectively(237,801)(187,946)
Total stockholders’ equity108,184116,752
Total liabilities and stockholders’ equity$ 1,142,658$ 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 Tue Apr 23 2024, market cap of Extreme Networks Inc is 1.43 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 Tue Apr 23 2024, EXTR's PE ratio (Price to Earnings) is 17.8 and Price to Sales (PS) ratio is 1.06. 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 0.072 (multiply by 100 for percentage) rate of return.