Extreme Networks (EXTR) Expected to Announce Earnings on Wednesday

Key Points

• Extreme Networks is expected to report Q1 fiscal 2027 results before the market opens on October 28, 2026. Analysts forecast earnings of $0.2784 per share and revenue of $336.76 million, compared with company guidance of $0.270–$0.290 EPS.
• The company exceeded expectations in its latest quarter, reporting $0.32 EPS versus the $0.29 consensus and revenue of $338.55 million, up 10.3% year over year.
• Analysts maintain a generally positive outlook, with seven Buy ratings and two Holds, an average rating of “Moderate Buy,” and a consensus price target of $32.25 versus the stock’s recent price near $22.22.

Extreme Networks (NASDAQ:EXTR - Get Free Report) is anticipated to post its Q1 2027 results before the market opens on Wednesday, October 28th. Analysts expect Extreme Networks to post earnings of $0.2784 per share and revenue of $336.76 million for the quarter. Extreme Networks has set its FY 2027 guidance at 1.280-1.330 EPS and its Q1 2027 guidance at 0.270-0.290 EPS. Investors may visit the company's upcoming Q1 2027 earnings summary page for the latest details on the call scheduled for Wednesday, October 28, 2026 at 8:00 AM ET.

Extreme Networks (NASDAQ:EXTR - Get Free Report) last released its earnings results on Wednesday, August 5th. The technology company reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.03. Extreme Networks had a return on equity of 88.88% and a net margin of 3.28%. The business had revenue of $338.55 million for the quarter, compared to analyst estimates of $332.49 million. During the same quarter last year, the firm posted $0.25 earnings per share. The business's revenue was up 10.3% compared to the same quarter last year. On average, analysts expect Extreme Networks to post $0.75 EPS for the current fiscal year and $1.02 EPS for the next fiscal year.

Extreme Networks Stock Up 1.4%

NASDAQ:EXTR opened at $22.22 on Wednesday. Extreme Networks has a twelve month low of $13.48 and a twelve month high of $33.73. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 39.84, a price-to-earnings-growth ratio of 1.44 and a beta of 1.76. The stock has a fifty day simple moving average of $22.56 and a 200-day simple moving average of $24.82. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.63.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on EXTR shares. B. Riley Financial upped their price target on shares of Extreme Networks from $28.00 to $34.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Wall Street Zen upgraded shares of Extreme Networks from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 8th. Weiss Ratings upgraded shares of Extreme Networks from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday. Needham & Company LLC lowered their price objective on shares of Extreme Networks from $38.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, August 5th. Finally, Craig Hallum reissued a "buy" rating and issued a $31.00 price objective on shares of Extreme Networks in a research report on Thursday, August 6th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, Extreme Networks presently has an average rating of "Moderate Buy" and a consensus target price of $32.25.

Insider Buying and Selling at Extreme Networks

In other Extreme Networks news, CFO Kevin R. Rhodes sold 21,825 shares of the company's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $22.30, for a total value of $486,697.50. Following the completion of the sale, the chief financial officer directly owned 196,803 shares in the company, valued at approximately $4,388,706.90. This represents a 9.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Edward Meyercord sold 50,000 shares of the company's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $29.79, for a total value of $1,489,500.00. Following the completion of the sale, the chief executive officer owned 1,596,475 shares of the company's stock, valued at $47,558,990.25. This represents a 3.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 121,825 shares of company stock worth $3,064,698 over the last 90 days. 3.20% of the stock is currently owned by company insiders.

Extreme Networks Company Profile

Extreme Networks, Inc develops networking solutions that help organizations connect, manage and secure users, devices and applications across campus, data center and distributed environments. Its portfolio includes wired and wireless network infrastructure, Ethernet switches, access points, software-defined wide-area networking (SD-WAN), network access control and cloud-based network management.

The company's ExtremeCloud platform supports centralized monitoring, configuration, analytics and automation for network operations.

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