Extreme Networks (NASDAQ:EXTR) Releases 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 EPS guidance of 0.200-0.230 for the period, compared to the consensus EPS 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.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on EXTR shares. Rosenblatt Securities increased their price target on shares of Extreme Networks from $20.00 to $25.00 and gave the stock a "buy" rating in a research note on Thursday. Lake Street Capital raised Extreme Networks from a "hold" rating to a "buy" rating and set a $24.00 price target for the company in a research report on Thursday. Wall Street Zen raised Extreme Networks from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 22nd. Needham & Company LLC lifted their target price on Extreme Networks from $20.00 to $24.00 and gave the stock a "buy" rating in a report on Thursday. Finally, UBS Group decreased their price target on Extreme Networks from $16.50 to $15.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Extreme Networks has an average rating of "Buy" and an average target price of $21.92.

Extreme Networks Stock Performance

Shares of EXTR opened at $20.34 on Thursday. The firm has a market capitalization of $2.71 billion, a PE ratio of -49.61, a price-to-earnings-growth ratio of 2.08 and a beta of 1.75. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.93 and a quick ratio of 0.70. Extreme Networks has a one year low of $10.10 and a one year high of $21.34. The company has a 50-day simple moving average of $17.39 and a two-hundred day simple moving average of $15.51.

Insiders Place Their Bets

In other Extreme Networks news, Director Raj Khanna sold 7,973 shares of the stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $17.20, for a total value of $137,135.60. Following the transaction, the director owned 233,735 shares of the company's stock, valued at approximately $4,020,242. This represents a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Edward Meyercord sold 35,725 shares of the company's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $17.18, for a total value of $613,755.50. Following the completion of the sale, the chief executive officer owned 1,541,282 shares of the company's stock, valued at approximately $26,479,224.76. The trade was a 2.27% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 81,450 shares of company stock worth $1,436,774. Corporate insiders own 3.70% of the company's stock.

Institutional Investors Weigh In On Extreme Networks

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

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.

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