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.
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.
| Communications Equipment Industry | Information Technology Sector | Edward B. Meyercord III CEO | XDUS Exchange | US30226D1063 ISIN |
| US Country | 2,656 Employees | - Last Dividend | 25 Aug 2000 Last Split | 9 Apr 1999 IPO Date |
Extreme Networks, Inc., based in Morrisville, North Carolina, is a leading provider of advanced networking solutions globally, with a strong emphasis on creating software-driven technologies. Since its incorporation in 1996, the company has been at the forefront of designing, developing, and manufacturing a diverse range of networking infrastructure equipment, including wired, wireless, and software-defined wide-area network solutions. Extreme Networks aims to empower businesses across various sectors, such as healthcare, education, government, manufacturing, retail, and hospitality, by enhancing their networking capabilities and enabling more efficient and secure communications. Through its global distribution network that includes distributors, resellers, and field sales organizations, Extreme Networks offers innovative products and exceptional customer support, thereby meeting the intricate needs of its global clientele.