EXTR

Extreme Networks, Inc.
NasdaqGSUSDEQUITY Technology DELAYED
Last price
24.54
▲ 1.21 (5.19%)
MARKET · —

Price

1D — H — L — Range — Vol —
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
—
Prev close
23.33
Day high
24.58
Day low
23.36
Volume
1.74M
Market cap
$3.24B
P/E (TTM)
79.16
52W range
13.48 – 33.73

Trailing performance

Price return · vs SPY
Returnvs SPY
1W
+16.47% +14.5%
1M
+13.09% +11.9%
3M
-21.14% -25.7%
6M
+55.12% +36.9%
YTD
+47.39% +33.1%
1Y
+20.95% +4.5%
3Y
+1.36% -80.9%
5Y
— —

Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.

Unusual options activity

Account required
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
Free account required

Contracts trading at or above their open interest, ranked by notional and where the print landed.

Free account

5 more panels on EXTR open with an account.

Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.

Insider net activity

6m · Form 4 rollup
Net shares
+38.21K
Net buying
Buy transactions
15
837.13K shares
Sell transactions
20
798.92K shares
Net transactions
+35
Buys less sells
Sell : buy shares
1.0 : 1
Mixed
Insider-held shares
4.06M
Total on file
Bought 837.13KSold 798.92K

Insider transactions

Account required
DateInsiderAction SharesValueHeld
Sep 1, 26
MEYERCORD EDWARD
Chief Executive Officer
SELL 50.00K $1.09M Direct
Aug 21, 26
RHODES KEVIN R
Chief Financial Officer
SELL 21.82K $486.70K 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 14, 26
RHODES KEVIN R
Chief Financial Officer
STOCK 75.17K $0 Direct
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 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
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.

Free account required

Officer and director trades in their own stock, straight from Form 4 filings.

Insider holders

9 reporting
NameRelationShares heldLatest
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 1.76M Sale
MOTIEY KATAYOUN
Officer — Conversion of Exercise of derivative security
RHODES KEVIN R
Chief Financial Officer 196.80K Sale
SHOEMAKER JOHN CHARLES
Director — Conversion of Exercise of derivative security

Fundamentals

TTM · reported
Market cap$3.24B
Enterprise value$3.19B
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 outstanding132.17M
Float126.32M
Short % of float8.51%
Dividend yield0.00%
Beta (5Y)1.76

Valuation & profitability ratios

Account required
Trailing P/E79.16
Forward P/E16.14
PEG ratio0.86
Price / sales—
Price / book36.36
EV / revenue2.48
EV / EBITDA38.30
Gross margin61.48%
Operating margin6.44%
Profit margin3.28%
Return on equity54.64%
Return on assets3.43%
Debt / equity219.63
Current ratio0.93
Free account required

Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.

Financial statements

As reported · 4 years · 6 quarters
Blank means not reported, not zero
Line item2026202520242023YoY
Total revenue $1.28B$1.14B$1.12B$1.31B +12.6%
Operating revenue $1.28B$1.14B$1.12B$1.31B +12.6%
Cost of revenue $494.45M$430.94M$486.37M$557.73M +14.7%
Gross profit $789.14M$709.13M$630.83M$754.72M +11.3%
Research & development $233.88M$221.46M$211.93M$214.27M +5.6%
Selling, general & admin $489.58M$467.18M$445.74M$426.84M +4.8%
Total operating expense $725.18M$690.69M$659.71M$643.16M +5.0%
Operating income $63.96M$18.44M-$28.88M$111.56M +246.8%
Net interest income -$9.63M-$11.62M-$12.43M-$14.23M +17.1%
Pre-tax income $51.47M$4.27M-$77.50M$94.11M +1,104.6%
Tax provision $9.36M$11.74M$8.46M$16.03M -20.3%
Net income $42.12M-$7.47M-$85.96M$78.07M +664.1%
Net income to common $42.12M-$7.47M-$85.96M$78.07M +664.1%
Basic EPS 0.32-0.06-0.650.60 +633.3%
Diluted EPS 0.31-0.06-0.650.58 +616.7%
EBIT $65.25M$20.20M-$60.51M$111.49M +223.0%
EBITDA $84.45M$39.42M-$31.07M$146.37M +114.2%
Basic shares 132.75M132.33M132.69M129.47M +0.3%
Diluted shares 134.97M132.33M132.69M133.65M +2.0%

Options analytics

Account required
Put / call volume
0.44
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
15.00
-38.9% from spot
ATM implied vol
3.1%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
77
Contracts, this expiry
Put volume
34
Contracts, this expiry
Heaviest call OI
15.00
0 contracts
Heaviest put OI
17.00
0 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.

Free account required

Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.

Earnings

History & consensus estimates
Reported vs expected · EPS
QuarterEst.ActualSurprise
Jun 2026 0.290.32 +10.4%
Mar 2026 0.240.26 +9.6%
Dec 2025 0.240.26 +7.9%
Sep 2025 0.210.22 +2.6%
Forward consensus
PeriodEPSAnalystsRevenueGrowth
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

Account required
Mean target$33.50
High target$38.00
Low target$28.00
Implied upside36.51%
Analyst count8
ConsensusNONE
Strong buy / Buy1 / 6
Hold1
Sell / Strong sell0 / 0
Held by insiders3.11%
Held by institutions100.23%
Institutions holding472
Free account required

Price targets, consensus spread, insider and institutional ownership.

Moving averages & technicals

Computed from 2Y daily closes
SMA 10
22.17
+10.71% from price
SMA 20
22.08
+11.16% from price
SMA 50
23.58
+4.07% from price
SMA 100
26.52
-7.47% from price
SMA 200
21.46
+14.33% from price
EMA 12
22.52
+8.96% from price
EMA 26
22.61
+8.52% from price
EMA 50
23.56
+4.16% from price
RSI (14)
64.8
Neutral
MACD (12,26,9)
-0.09
Hist 0.41
ATR (14)
0.79
3.22% of price
Realised vol 30D
34.8%
Annualised
Bollinger upper
23.74
20, 2σ
Bollinger lower
20.42
20, 2σ
50 / 200 cross
Golden
23.58 vs 21.46
Trend bias
Above 200
+14.33%

Options chain

Account required
Expiry
Spot 24.54
Calls
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Puts
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Free account required

Every listed expiry, both sides of the book, with volume, open interest and implied volatility.

Risk profile

Daily returns · 1Y window
Beta vs SPY
1.50
More volatile than market
Correlation to SPY
0.35
Loosely linked
Realised vol 30D
34.8%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-37.7%
Peak to trough
Max drawdown 5Y
-67.2%
Peak to trough
ATR 14
0.79
3.22% of price
Beta (reported)
1.76
5Y monthly, from filing

Short interest

Semi-monthly exchange report · lags by ~2 weeks
Shares short
7.72M
Prior 7.39M
Change vs prior
+4.5%
Shorts adding
% of float
8.51%
Normal
% of shares out
5.84%
Against total outstanding
Days to cover
5.8
Crowded exit
Float
126.32M
Freely tradeable shares

Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.

Rating changes

112 on file
DateFirm ActionFromTo
Aug 6, 26 B. Riley Securities MAINTAINED Buy Buy
Aug 6, 26 Rosenblatt MAINTAINED Buy Buy
Aug 6, 26 Needham MAINTAINED Buy Buy
Aug 5, 26 Needham MAINTAINED Buy Buy
Jul 22, 26 Needham MAINTAINED Buy Buy
Jun 15, 26 Lake Street MAINTAINED Buy Buy
Jun 11, 26 Rosenblatt MAINTAINED Buy Buy
Jun 8, 26 B of A Securities MAINTAINED Buy Buy
Apr 30, 26 UBS MAINTAINED Neutral Neutral
Apr 30, 26 Rosenblatt MAINTAINED Buy Buy
Apr 30, 26 Needham MAINTAINED Buy Buy
Jan 29, 26 Rosenblatt MAINTAINED Buy Buy

Dividends & splits

Declared · from the issuer
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split2:1
Split dateAug 25, 2000

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.