Extreme Networks (NASDAQ:EXTR) Updates Q1 2026 Earnings Guidance

Key Points

• Extreme Networks issued Q1 2026 earnings guidance with an expected EPS of $0.200-$0.230, slightly above the consensus estimate of $0.198, and projected revenues of $292-$300 million compared to $290.8 million the market anticipates.
• Rosenblatt Securities upgraded Extreme Networks to a "buy" rating with a price target of $25.00, joining other analysts who have raised their targets and ratings on the stock.
• The stock is currently trading at approximately $20.34 with a market capitalization of $2.71 billion, reflecting its performance within a range of $10.10 to $21.34 over the last year.

Extreme Networks (NASDAQ:EXTR - Get Free Report) issued an update on its first quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.200-0.230 for the period, compared to the consensus estimate of 0.198. The company issued revenue guidance of $292.0 million-$300.0 million, compared to the consensus revenue estimate of $290.8 million. Extreme Networks also updated its FY 2026 guidance to EPS.

Analysts Set New Price Targets

Several research firms recently weighed in on EXTR. Needham & Company LLC raised their price objective on Extreme Networks from $20.00 to $24.00 and gave the company a "buy" rating in a report on Thursday. Wall Street Zen raised shares of Extreme Networks from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 22nd. UBS Group lifted their price target on shares of Extreme Networks from $15.00 to $21.00 and gave the stock a "neutral" rating in a report on Thursday. Rosenblatt Securities lifted their price target on shares of Extreme Networks from $20.00 to $25.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Lake Street Capital raised shares of Extreme Networks from a "hold" rating to a "buy" rating and set a $24.00 price target on the stock in a report on Thursday. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $22.92.

Extreme Networks Trading Up 0.8%

Shares of NASDAQ:EXTR traded up $0.15 during midday trading on Monday, hitting $20.10. 614,143 shares of the stock traded hands, compared to its average volume of 1,238,649. Extreme Networks has a one year low of $10.10 and a one year high of $21.34. The stock has a market capitalization of $2.68 billion, a PE ratio of -401.22, a P/E/G ratio of 2.22 and a beta of 1.75. The business's 50 day moving average is $17.55 and its two-hundred day moving average is $15.52. The company has a quick ratio of 0.74, a current ratio of 0.91 and a debt-to-equity ratio of 2.50.

Extreme Networks (NASDAQ:EXTR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The technology company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.22 by $0.03. The firm had revenue of $307.00 million for the quarter, compared to the consensus estimate of $299.88 million. Extreme Networks had a negative net margin of 0.65% and a positive return on equity of 82.47%. The company's revenue was up 19.6% on a year-over-year basis. During the same period last year, the firm earned ($0.08) EPS. As a group, research analysts forecast that Extreme Networks will post 0.31 earnings per share for the current year.

Insider Activity at Extreme Networks

In related news, CEO Edward Meyercord sold 35,725 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $17.18, for a total transaction of $613,755.50. Following the sale, the chief executive officer directly owned 1,541,282 shares of the company's stock, valued at approximately $26,479,224.76. This represents a 2.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Raj Khanna sold 7,973 shares of the stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $17.20, for a total transaction of $137,135.60. Following the transaction, the director directly owned 233,735 shares in the company, valued at approximately $4,020,242. The trade was a 3.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 81,450 shares of company stock valued at $1,436,774. 3.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Extreme Networks

Hedge funds have recently modified their holdings of the business. Strs Ohio acquired a new stake in shares of Extreme Networks in the first quarter valued at about $176,000. AQR Capital Management LLC raised its position in shares of Extreme Networks by 6.6% in the first quarter. AQR Capital Management LLC now owns 34,375 shares of the technology company's stock valued at $455,000 after buying an additional 2,122 shares during the last quarter. Royal Bank of Canada raised its position in shares of Extreme Networks by 20.8% in the first quarter. Royal Bank of Canada now owns 73,610 shares of the technology company's stock valued at $974,000 after buying an additional 12,667 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Extreme Networks by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,723 shares of the technology company's stock worth $1,015,000 after purchasing an additional 3,349 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Extreme Networks by 7.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 319,434 shares of the technology company's stock worth $4,226,000 after purchasing an additional 22,209 shares during the last quarter. 91.05% of the stock is currently owned by institutional investors and hedge funds.

About Extreme Networks

Extreme Networks, Inc delivers cloud-driven networking solutions that leverage the powers of machine learning, artificial intelligence, analytics, and automation. The company designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security, and access controls.