Extreme Networks (NASDAQ:EXTR) Issues Q3 2026 Earnings Guidance

Extreme Networks (NASDAQ:EXTR) issued an update on its third quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.230-0.250 for the period, compared to the consensus estimate of 0.190. The company issued revenue guidance of $309.1 million-$314.1 million, compared to the consensus revenue estimate of $309.4 million. Extreme Networks also updated its FY 2026 guidance to 0.980-1.020 EPS.

Extreme Networks Trading Down 4.3%

NASDAQ:EXTR opened at $14.37 on Friday. Extreme Networks has a one year low of $10.10 and a one year high of $22.89. The company has a market cap of $1.92 billion, a PE ratio of 205.32, a PEG ratio of 1.67 and a beta of 1.64. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.95 and a quick ratio of 0.75. The firm has a 50-day moving average of $16.55 and a 200-day moving average of $18.65.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. Extreme Networks had a return on equity of 75.56% and a net margin of 0.75%.The firm had revenue of $317.93 million during the quarter, compared to analyst estimates of $312.33 million. During the same period in the previous year, the company posted $0.21 EPS. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. Extreme Networks has set its Q3 2026 guidance at 0.230-0.250 EPS and its FY 2026 guidance at 0.980-1.020 EPS. As a group, equities research analysts expect that Extreme Networks will post 0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on EXTR shares. Needham & Company LLC lowered their target price on shares of Extreme Networks from $24.00 to $21.00 and set a “buy” rating for the company in a report on Thursday. Bank of America started coverage on shares of Extreme Networks in a research report on Wednesday, November 19th. They issued a “buy” rating and a $24.00 price objective for the company. Weiss Ratings cut shares of Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, January 16th. Oppenheimer raised Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 target price for the company in a report on Thursday, October 30th. Finally, Wall Street Zen raised Extreme Networks from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 25th. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $22.67.

Insider Activity at Extreme Networks

In other Extreme Networks news, CEO Edward Meyercord sold 50,000 shares of Extreme Networks stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $16.54, for a total transaction of $827,000.00. Following the completion of the transaction, the chief executive officer owned 1,871,418 shares of the company’s stock, valued at $30,953,253.72. The trade was a 2.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.60% of the stock is owned by insiders.

Institutional Trading of Extreme Networks

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. CIBC Bancorp USA Inc. purchased a new position in Extreme Networks during the third quarter valued at $291,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Extreme Networks in the 3rd quarter worth $31,000. Dark Forest Capital Management LP lifted its position in Extreme Networks by 10.5% during the third quarter. Dark Forest Capital Management LP now owns 58,902 shares of the technology company’s stock valued at $1,216,000 after purchasing an additional 5,602 shares during the period. PharVision Advisers LLC purchased a new stake in Extreme Networks during the third quarter valued at approximately $298,000. Finally, Alyeska Investment Group L.P. increased its position in Extreme Networks by 15.4% in the third quarter. Alyeska Investment Group L.P. now owns 739,345 shares of the technology company’s stock worth $15,267,000 after buying an additional 98,791 shares in the last quarter. Institutional investors own 91.05% of the company’s stock.

About Extreme Networks

Extreme Networks, Inc (NASDAQ: EXTR) is a global provider of end-to-end networking solutions designed to support enterprise, data center, and service provider environments. The company’s product portfolio encompasses high-performance wired and wireless access switches, routers, network security appliances, and software-defined networking (SDN) tools. Driven by a cloud-native management architecture, Extreme’s Intelligent Edge Platform integrates network analytics, automation and orchestration capabilities to help organizations optimize performance, reduce operational complexity and strengthen security.

Since its founding in the mid-1990s and subsequent public listing in 1999, Extreme Networks has expanded its technology footprint through targeted acquisitions.