Extreme Networks, Inc. (EXTR)
NASDAQInformation TechnologyCommunication EquipmentSnapshot 2026-10-30
$22.61-4.15%
Close 2026-10-30 · 1-day change
NASDAQInformation TechnologyCommunication EquipmentSnapshot 2026-10-30
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Put EXTR beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Communications Equipment is in expansion. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — Maintain gross margin between 61.2% and 61.3%: Comparison needs review.
View ThesisRevenue growth is slowing — up about 11% over the past year and decelerating.
View GrowthMiddle-of-the-pack quality for its industry.
View QualityManagement screens strong on capital allocation, earnings delivery.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationThis stock is volatile — it swings about 2% on a typical day and fell roughly 38% in its worst 12-month stretch.
View RiskEXTR’s growth case rests on sustained double-digit product revenue growth, supported by Platform ONE adoption. Revenue growth eased from 11% to 10% year over year, despite three consecutive earnings beats. Q1 FY2027 revenue grew 10%, and non-GAAP EPS beat consensus by 120%. EXTR trades at 25× P/E versus the 38× peer median; expectations look modest versus our view. The next-quarter miss probability is 20%, and the margin comparison needs review. Peer multiples imply a price about 8% below where it trades; the thesis is on watch. This read is provisional.
Trailing returns as of 2026-10-30. EXTR is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 8 analysts currently covering EXTR (as of Oct 2026).
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| EXTR Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 9 valuation methods, at three horizons. As of 2026-10-30. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Communications Equipment — fair value, gap to price, and forward P/E.
Compare the value case
Put EXTR next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Drive double-digit product revenue growth
Signaled double-digit growth and accelerating Platform ONE adoption support product growth and subscription expansion.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-30. EPS is implied from price ÷ P/E. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Below average on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Advances: Drive double-digit product revenue growth
Quarterly earnings-call disclosures provide direct evidence on growth, subscriptions, margins, and outlook.
Reported $2.5 million payment creates legal and reputational risk, but appears limited in financial scale.
Advances: Drive double-digit product revenue growth
AI agent enhances product offerings, driving revenue growth.
Advances: Improve operating margin and profitability
Profitability aligns with improving operating margin objective.
Advances: Drive double-digit product revenue growth
AI and Wi-Fi 7 align with growth objectives.
Advances: Increase revenue to $1,275M-$1,280M for FY 2026
Double-digit growth supports revenue target for FY 2026.
Advances: Increase revenue to $1,275M-$1,280M for FY 2026
Verizon's upgrade supports revenue growth objectives.