Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
How It Works 
News - Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
Upturn AI Summary - About
Extreme Networks Inc(EXTR)
Top performer 
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for EXTR
10/19/2026: EXTR (5-star) is currently NOT-A-BUY. Pass it for now.
Extreme Networks is a provider of cloud-managed networking hardware and software, focusing on helping enterprises build scalable and secure campus and data center networks. The company has successfully transitioned from a hardware-centric vendor to one that emphasizes software-led subscription revenue via its ExtremeCloud IQ platform. While Extreme offers a nimble, customer-friendly alternative to large incumbents, it faces significant risks from stiff competition, pricing pressure from industry giants, and cyclical demand for networking hardware. The stock may suit growth-oriented investors looking for exposure to cloud-driven networking trends, though volatility and the absence of dividends are key considerations for prospective shareholders to monitor.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The company offers growth potential through software expansion but faces intense competition. |
| Momentum investor | Weak fit | Momentum is often conditional on strong breakout performance, which the stock has historically provided only in cycles. |
| Value investor | Mixed fit | Valuation may appear attractive during market pullbacks, though the business carries competitive risks. |
| Dividend investor | Weak fit | Extreme Networks does not pay a dividend, making it unsuitable for income-focused portfolios. |
| Low-risk investor | Weak fit | The stock exhibits high price volatility and sensitivity to technology sector cycles. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock can experience significant swings based on quarterly earnings and sector trends. |
| Valuation risk | Medium / high | Market sentiment heavily influences its valuation multiples relative to growth expectations. |
| Competition risk (Cloud & Enterprise Networking) | High | The company competes with much larger, well-funded incumbents for enterprise contracts. |
| Business quality | Medium | The transition to a subscription-based model is ongoing but requires consistent execution. |
| Dividend income | Low / none | No dividends are paid, offering no income protection. |
| Execution risk | Medium | Successfully integrating acquired technologies and growing software recurring revenue is critical. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Choppy
The stock has experienced frequent reversals and pronounced short-term price swings.
Analysis of Past Performance
Type Stock | Historic Profit 191.75% | Avg. Invested days 69 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | Stock Returns Performance  5.0 |
| Profits based on simulation | Last Close 10/19/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.87B USD | Price to earnings Ratio 70.1 | 1Y Target Price 33.5 |
Price to earnings Ratio 70.1 | 1Y Target Price 33.5 | ||
Volume (30-day avg) 1.4M shares | Beta 1.76 | 52 Weeks Range 13.47 - 33.73 | Updated Date 10/18/2026 |
52 Weeks Range 13.47 - 33.73 | Updated Date 10/18/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.31 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Product Revenue | Switches, access points, and hardware-related support. | Hardware sales drive upfront revenue but are prone to cyclicality. |
| Service & Subscription | ExtremeCloud IQ, maintenance contracts, and professional services. | This is the higher-margin, recurring revenue portion the company is focusing on to improve stability. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE 70.1 | Forward PE 16.21 | Enterprise Value 2.89B | Price to Sales(TTM) 2.24 |
Enterprise Value 2.89B | Price to Sales(TTM) 2.24 | ||
Enterprise Value to Revenue 2.25 | Enterprise Value to EBITDA 34.27 | Shares Outstanding 132.17M | Shares Floating 126.32M |
Shares Outstanding 132.17M | Shares Floating 126.32M | ||
Percent Insiders 3.11 | Percent Institutions 100.37 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.
All company names, trademarks, logos, and brands are the property of their respective owners and are used for identification and informational purposes only. Use of these names, trademarks, and logos does not imply endorsement by their respective owners.