Extreme Networks

EXTR

Market cap $2.15B

CEO Edward Meyercord disposed of 50,000 shares via immediate post-exercise sale, generating a transaction value of ~$827,000 based on the Jan. 2, 2026 close. This disposition represented 2.60% of Edward Meyercord's direct holdings, reducing his direct stake to 1,871,418 shares.

MORRISVILLE, N.C.--(BUSINESS WIRE)--Extreme Networks, Inc. (Nasdaq: EXTR) a leader in AI-powered automation for networking, today announced it has strengthened its board of directors with the addition of Ron Pasek, a seasoned executive and board member who has previously served as Chief Financial Officer and board member for a number of public tech companies. At Extreme, Pasek will provide strategic, financial, and governance oversight as the company continues to advance its long-term growth ob.

MORRISVILLE, N.C.--(BUSINESS WIRE)--Extreme today announced that it will release financial results for its second fiscal quarter 2026 before market open on Wednesday, January 28, 2026.

Extreme Networks (EXTR) is transitioning from hardware-centric to a recurring, cloud-driven business model, underpinned by Platform ONE. EXTR's recurring revenue base and deferred revenue are expanding, supporting long-term visibility and a more predictable financial profile. Despite hardware still driving topline, a shift toward subscriptions is expected to improve margins and justify a valuation rerating.

Extreme Networks is rated a buy, driven by its SaaS transition, 24% ARR growth, and competitive displacement opportunities amid industry consolidation. EXTR targets double-digit revenue growth and 100–200 bps gross margin expansion to 63% by FY2026, leveraging Platform ONE and full-stack adoption. Technical and fundamental modeling suggests up to 67% upside by 2026, supported by strong FCF, share buybacks, and a growing deferred revenue base.

Futures are trading higher this morning, as all the major indices once again closed lower on Tuesday, marking the fourth straight day of losses.

Ed Meyercord, Extreme Networks CEO, joins 'Fast Money' to talk how Extreme Networks is carving out an identity in this market.

Extreme Networks (EXTR) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Extreme Networks, Inc. ( EXTR ) Q1 2026 Earnings Call October 29, 2025 8:00 AM EDT Company Participants Stan Kovler Edward Meyercord - President, CEO & Executive Director Kevin Rhodes - Executive VP of Finance & CFO Conference Call Participants Michael Genovese - Rosenblatt Securities Inc., Research Division Ryan Koontz - Needham & Company, LLC, Research Division Dave Kang - B. Riley Securities, Inc., Research Division Christian Schwab - Craig-Hallum Capital Group LLC, Research Division David Vogt - UBS Investment Bank, Research Division Eric Martinuzzi - Lake Street Capital Markets, LLC, Research Division Presentation Operator Thank you for standing by.

Extreme Networks beat analyst expectations across the board for the first quarter of fiscal 2026. Revenue grew by 15%, but gross margin trended lower.