Extreme Networks (NASDAQ:EXTR) Updates FY 2027 Earnings Guidance

Posted by Stanley Muller on Aug 5th, 2026

Extreme Networks (NASDAQ:EXTR – Get Free Report) issued an update on its FY 2027 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.280-1.330 for the period, compared to the consensus earnings per share estimate of 1.210. The company issued revenue guidance of $1.4 billion-$1.4 billion, compared to the consensus revenue estimate of $1.4 billion. Extreme Networks also updated its Q1 2027 guidance to 0.270-0.290 EPS.

Extreme Networks Price Performance

Shares of NASDAQ EXTR traded down $5.74 during midday trading on Wednesday, reaching $26.60. The company’s stock had a trading volume of 3,211,857 shares, compared to its average volume of 2,075,353. The company has a market cap of $3.48 billion, a price-to-earnings ratio of 221.62, a price-to-earnings-growth ratio of 1.84 and a beta of 1.79. Extreme Networks has a one year low of $13.48 and a one year high of $33.73. The company has a current ratio of 0.91, a quick ratio of 0.78 and a debt-to-equity ratio of 1.89. The company has a 50 day moving average price of $30.37 and a 200 day moving average price of $21.73.

Extreme Networks (NASDAQ:EXTR – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.03. Extreme Networks had a return on equity of 81.88% and a net margin of 1.30%.The firm had revenue of $338.55 million during the quarter, compared to the consensus estimate of $332.49 million. During the same period in the prior year, the business earned $0.25 EPS. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. 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. On average, equities research analysts expect that Extreme Networks will post 0.53 EPS for the current year.

Analysts Set New Price Targets

EXTR has been the subject of several analyst reports. Weiss Ratings upgraded Extreme Networks from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, July 6th. Rosenblatt Securities lifted their price target on shares of Extreme Networks from $29.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Needham & Company LLC raised their price objective on shares of Extreme Networks from $26.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Bank of America increased their target price on Extreme Networks from $28.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Finally, Wall Street Zen cut shares of Extreme Networks from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.83.

View Our Latest Research Report on EXTR

Insider Buying and Selling

In related news, insider Katayoun Motiey sold 30,000 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $31.03, for a total transaction of $930,900.00. Following the sale, the insider owned 120,834 shares in the company, valued at $3,749,479.02. The trade was a 19.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Kevin R. Rhodes sold 35,000 shares of Extreme Networks stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $30.43, for a total value of $1,065,050.00. Following the sale, the chief financial officer directly owned 151,296 shares in the company, valued at $4,603,937.28. The trade was a 18.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 422,182 shares of company stock valued at $11,905,205 over the last 90 days. 3.60% of the stock is currently owned by insiders.

More Extreme Networks News

Here are the key news stories impacting Extreme Networks this week:

Positive Sentiment: Extreme Networks reported fiscal Q4 earnings of $0.32 per share, exceeding the $0.29 consensus estimate and improving from $0.25 a year earlier. Revenue reached $338.55 million, above expectations of $332.49 million and up 10.3% year over year. Extreme Networks Q4 Earnings and Revenues Beat Estimates
Positive Sentiment: Fiscal 2027 EPS guidance of $1.28 to $1.33 is above the $1.21 analyst consensus. First-quarter EPS guidance of $0.27 to $0.29 also exceeds the $0.26 consensus, while projected first-quarter revenue of $334 million to $339 million is ahead of expectations. Extreme Networks Reports Fourth Quarter and Fiscal Year 2026 Financial Results
Neutral Sentiment: Analysts maintain a generally favorable view, with six Buy ratings and two Hold ratings and an average price target of $32.83. However, the stock’s high earnings multiple leaves limited room for disappointment.
Negative Sentiment: CEO Edward Meyercord sold 50,000 shares worth approximately $1.49 million under a pre-arranged Rule 10b5-1 plan, reducing his direct holdings by 3.04%. Although scheduled sales do not necessarily signal deteriorating business conditions, the transaction can add short-term selling pressure. Extreme Networks CEO Sells 50,000 Shares
Negative Sentiment: Investors may be taking profits after a substantial rally: Extreme Networks trades well above its 200-day moving average and at a very elevated reported P/E ratio. That positioning can cause a “sell-the-news” reaction even after an earnings beat, helping explain the stock’s decline.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp increased its holdings in Extreme Networks by 3.9% in the fourth quarter. State Street Corp now owns 5,664,493 shares of the technology company’s stock worth $94,314,000 after purchasing an additional 213,094 shares in the last quarter. Paradigm Capital Management Inc. NY raised its position in shares of Extreme Networks by 0.8% during the fourth quarter. Paradigm Capital Management Inc. NY now owns 4,972,500 shares of the technology company’s stock worth $82,792,000 after purchasing an additional 40,000 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Extreme Networks by 13.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,017,063 shares of the technology company’s stock valued at $50,234,000 after buying an additional 358,670 shares during the last quarter. Alyeska Investment Group L.P. boosted its position in shares of Extreme Networks by 301.9% during the fourth quarter. Alyeska Investment Group L.P. now owns 2,971,718 shares of the technology company’s stock valued at $49,479,000 after buying an additional 2,232,373 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Extreme Networks by 1.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,771,240 shares of the technology company’s stock worth $46,141,000 after purchasing an additional 36,163 shares during the last quarter. Institutional investors and hedge funds own 91.05% of the company’s stock.

Extreme Networks Company Profile

(Get Free Report)

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.