EXTR
Extreme Networks, Inc.
NasdaqGSUSDEQUITY
Technology
DELAYED
Last price
23.02
▲ 0.70 (3.14%)
MARKET · —
Price
Open
22.34
Prev close
22.32
Day high
23.04
Day low
22.02
Volume
1.47M
Market cap
$3.00B
P/E (TTM)
74.26
52W range
13.48 – 33.73
Trailing performance
Returnvs SPY
1W
-5.69%
-4.3%
1M
-22.57%
-26.3%
3M
-3.68%
-6.8%
6M
+63.84%
+52.8%
YTD
+38.26%
+26.0%
1Y
+15.74%
-4.3%
3Y
-21.08%
-95.3%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$3.00B
Enterprise value$2.99B
Revenue (TTM)$1.28B
Gross profit$789.14M
EBITDA$83.16M
Net income$42.12M
EPS (TTM)$0.31
Free cash flow$81.45M
Total cash$211.76M
Total debt$194.57M
Book value / share$0.68
Shares outstanding130.49M
Float126.20M
Short % of float8.53%
Dividend yield—
Beta (5Y)1.80
Valuation & profitability ratios
Trailing P/E74.26
Forward P/E15.14
PEG ratio0.84
Price / sales—
Price / book34.10
EV / revenue2.33
EV / EBITDA35.92
Gross margin61.48%
Operating margin6.44%
Profit margin3.28%
Return on equity54.64%
Return on assets3.43%
Debt / equity219.63
Current ratio0.93
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2026 | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Total revenue | $1.28B | $1.14B | $1.12B | $1.31B |
| Cost of revenue | $0 | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 | $0 |
| R&D | — | — | — | — |
| SG&A | — | — | — | — |
| Operating income | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax provision | $0 | $0 | $0 | $0 |
| Net income | $42.12M | -$7.47M | $0 | $0 |
| EBIT | $0 | $0 | $0 | $0 |
| Line item | 2026 | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Cash & equivalents | — | — | — | — |
| Short-term investments | — | — | — | — |
| Net receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | — | — | — | — |
| Total assets | — | — | — | — |
| Total current liabilities | — | — | — | — |
| Long-term debt | — | — | — | — |
| Total liabilities | — | — | — | — |
| Retained earnings | — | — | — | — |
| Shareholder equity | — | — | — | — |
| Line item | 2026 | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Net income | $42.12M | -$7.47M | $0 | $0 |
| Depreciation | — | — | — | — |
| Change in working capital | — | — | — | — |
| Operating cash flow | — | — | — | — |
| Capital expenditure | — | — | — | — |
| Investing cash flow | — | — | — | — |
| Dividends paid | — | — | — | — |
| Buybacks | — | — | — | — |
| Financing cash flow | — | — | — | — |
| Net change in cash | — | — | — | — |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.29 | 0.32 | +10.4% |
| Mar 2026 | 0.24 | 0.26 | +9.6% |
| Dec 2025 | 0.24 | 0.26 | +7.9% |
| Sep 2025 | 0.21 | 0.22 | +2.6% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.28 | 8 | $336.76M | +8.6% |
| Next quarter | 0.32 | 8 | $345.02M | +8.5% |
| Current year | 1.31 | 8 | $1.39B | +8.6% |
| Next year | 1.52 | 7 | $1.52B | +9.2% |
Analyst targets & ownership
Mean target$33.50
High target$38.00
Low target$28.00
Implied upside45.53%
Analyst count8
ConsensusSTRONG BUY
Strong buy / Buy1 / 6
Hold1
Sell / Strong sell0 / 0
Held by insiders3.29%
Held by institutions101.60%
Institutions holding473
Price targets, consensus spread, insider and institutional ownership.
Insider net activity
Net shares
+121.89K
Net buying
Buy transactions
18
948.99K shares
Sell transactions
20
827.09K shares
Net transactions
+38
Buys less sells
Sell : buy shares
0.9 : 1
Mixed
Insider-held shares
4.29M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 14, 26 | MOTIEY KATAYOUN Officer |
STOCK | 41.02K | $0 | Indirect |
| Aug 14, 26 | MEYERCORD EDWARD Chief Executive Officer |
STOCK | 213.56K | $0 | Direct |
| Aug 14, 26 | RHODES KEVIN R Chief Financial Officer |
STOCK | 75.17K | $0 | Direct |
| Aug 14, 26 | MEYERCORD EDWARD Chief Executive Officer |
— | 138.56K | — | Direct |
| Aug 14, 26 | RHODES KEVIN R Chief Financial Officer |
— | 45.70K | — | Direct |
| Aug 14, 26 | MOTIEY KATAYOUN Officer |
— | 26.79K | — | Indirect |
| Aug 10, 26 | KHANNA RAJENDRA Director |
SELL | 15.00K | $363.00K | Indirect |
| Aug 3, 26 | MEYERCORD EDWARD Chief Executive Officer |
SELL | 50.00K | $1.49M | Direct |
| Aug 3, 26 | MEYERCORD EDWARD Chief Executive Officer |
CONVERSION | 24.57K | $164.64K | Direct |
| Jul 1, 26 | MEYERCORD EDWARD Chief Executive Officer |
SELL | 50.00K | $1.59M | Direct |
| Jul 1, 26 | MEYERCORD EDWARD Chief Executive Officer |
CONVERSION | 50.00K | $335.00K | Direct |
| Jun 12, 26 | MOTIEY KATAYOUN Officer |
SELL | 30.00K | $930.76K | Indirect |
| Jun 11, 26 | RHODES KEVIN R Chief Financial Officer |
SELL | 35.00K | $1.07M | Direct |
| Jun 8, 26 | MOTIEY KATAYOUN Officer |
SELL | 7.50K | $225.00K | Indirect |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BURTON INGRID |
Director | 93.52K | Conversion of Exercise of derivative security |
CARINALLI CHARLES PETER |
Director | — | Conversion of Exercise of derivative security |
HOLMGREN KATHLEEN M |
Director | — | Sale |
KENNEDY EDWARD H |
Director | — | Sale |
KHANNA RAJENDRA |
Director | — | Sale |
MEYERCORD EDWARD |
Chief Executive Officer | 1.81M | Stock Award(Grant) |
MOTIEY KATAYOUN |
Officer | — | Stock Award(Grant) |
RHODES KEVIN R |
Chief Financial Officer | 218.63K | Stock Award(Grant) |
SHOEMAKER JOHN CHARLES |
Director | — | Conversion of Exercise of derivative security |
Moving averages & technicals
SMA 10
23.65
-2.66% from price
SMA 20
26.11
-11.85% from price
SMA 50
29.16
-21.06% from price
SMA 100
25.59
-10.05% from price
SMA 200
20.73
+11.05% from price
EMA 12
24.31
-5.32% from price
EMA 26
26.17
-12.03% from price
EMA 50
26.94
-14.55% from price
RSI (14)
34.4
Neutral
MACD (12,26,9)
-1.85
Hist -0.26
ATR (14)
1.53
6.67% of price
Realised vol 30D
74.7%
Annualised
Bollinger upper
32.37
20, 2σ
Bollinger lower
19.86
20, 2σ
50 / 200 cross
Golden
29.16 vs 20.73
Trend bias
Above 200
+11.05%
Risk profile
Beta vs SPY
1.48
More volatile than market
Correlation to SPY
0.34
Loosely linked
Realised vol 30D
74.7%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-39.9%
Peak to trough
Max drawdown 5Y
-67.2%
Peak to trough
ATR 14
1.53
6.67% of price
Beta (reported)
1.80
5Y monthly, from filing
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
0.71
Call-heavy session
Put / call open interest
0.18
Positioning, not flow
Max pain
23.00
-0.1% from spot
ATM implied vol
56.7%
Nearest strike to spot
Skew (10% OTM)
+3.8%
Puts bid over calls
Call volume
230
Contracts, this expiry
Put volume
163
Contracts, this expiry
Heaviest call OI
35.00
1.40K contracts
Heaviest put OI
28.00
255 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
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PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.