Extreme Networks, Inc. (EXTR) is a Technology stock trading at $22.31 (as of 2026-08-20), with a market capitalization of $2.91B and a trailing P/E of 69.1. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
Extreme Networks, Inc. provides software-driven networking solutions worldwide. It designs, develops, and manufactures wired and wireless network infrastructure equipment; and develops software for network management, policy, analytics, security, and access controls. The company offers ExtremeCloud IQ, an ML/AI powered, wired, and wireless cloud network management solution that offers advanced visibility and control over users, devices, and applications; ExtremeCloud IQ Site Engine that provides task automation, access control, granular visibility with real-time analytics and multi-vendor device management; and ExtremeCloud IQ Essentials offers WIPS, location services, IoT, and guest management services. It also provides wireless access point products; ExtremeSwitching portfolio that includes access edge products that offer physical presentations along with options to deliver Ethernet or convergence-friendly Power-over-Ethernet (POE), including high-power universal POE; aggregation/core switches designed to address aggregation, top-of-rack, and campus core environments; and data center switches and routers. In addition, the company offers cloud native platforms and applications for service providers; and customer support and services. It markets and sells its products through distributors, resellers, and field sales organizations to healthcare, education, government, manufacturing, retail, and hospitality markets. Extreme Networks, Inc. was incorporated in 1996 and is headquartered in Morrisville, North Carolina.
Extreme Networks provides software-driven networking solutions, selling wired and wireless network infrastructure products and cloud network management software (for visibility, policy, analytics, security, and access control). It makes money from product revenue plus recurring subscription and support revenue, including SaaS annual recurring revenue.
Profitability depends on converting network deployments into recurring software revenue (tracked as Annualized Subscription and Support Revenue and SaaS Annual Recurring Revenue), while product sales remain an additional revenue stream tied to networking infrastructure cycles.
| Products | $0.2B |
| Subscr. and Support | $0.1B |
Business quality (Mixed): The provided data highlights a recurring revenue engine using annualized subscription and SaaS ARR KPIs, but the available segment breakdown does not fully reconcile to total revenue in the inputs shown, limiting precision on mix.
Valuation: At 261× earnings, EXTR trades 723% above the Tech Hardware average (32×). Note: one-time items can distort reported P/E.
| Price | $22.31 |
| Market Cap | $2.91B |
| P/E Ratio | 69.1 |
| EV / EBITDA | 36.5 |
| Price / Book | 32.86 |
| Price / Sales | 2.27 |
| FCF Yield | 3.3% |
| DCF Value (model) | $1.48 |
| DCF Upside vs Price | -93.4% |
| Revenue (TTM) | $1.28B |
| Net Margin | 3.3% |
| Revenue Growth (YoY) | 12.6% |
| EPS Growth (YoY) | -633.3% |
| FCF Growth (YoY) | -25.2% |
| Altman Z-Score | 1.75 (distress) |
| Piotroski F-Score | 8/9 (strong) |
| Stock P/E | 69.1 |
| Sector P/E (Technology) | 33.9 |
| Industry P/E (Computers) | 32.1 |
| vs Sector | 103.7% |
| vs Industry | 115.5% |
| Top Institutional Holder | VANGUARD GROUP INC ($318.22M) |
| Institutional Holders Tracked | 10 |
| Sector | Technology |
| Industry | Computers |
| CEO | Edward Meyercord |
| Employees | 2,656 |
| Country | US |
| IPO Date | 1999-04-09 |
Data as of 2026-08-20.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.