Extreme Networks (EXTR) Set to Announce Quarterly Earnings on Wednesday

Extreme Networks (NASDAQ:EXTR) will likely be releasing its Q1 2027 results before the market opens on Wednesday, October 28th. Analysts expect the company to announce earnings of $0.2778 per share and revenue of $336.75 million for the quarter. 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. Parties can check the company’s upcoming Q1 2027 earnings overview page for the latest details on the call scheduled for Wednesday, October 28, 2026 at 8:00 AM ET.

Extreme Networks (NASDAQ:EXTR) last released its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. Extreme Networks had a return on equity of 88.88% and a net margin of 3.28%. The firm had revenue of $338.55 million for the quarter, compared to analyst estimates of $332.49 million. During the same quarter last year, the company posted $0.25 earnings per share. The business’s revenue was up 10.3% on a year-over-year basis. On average, analysts expect Extreme Networks to post $0.75 EPS for the current fiscal year and $1.02 EPS for the next fiscal year.

Extreme Networks Trading Up 2.0%

Shares of EXTR stock opened at $23.14 on Tuesday. The business’s 50 day moving average is $22.46 and its two-hundred day moving average is $21.83. Extreme Networks has a twelve month low of $13.48 and a twelve month high of $33.73. The company has a market capitalization of $3.06 billion, a P/E ratio of 74.58, a price-to-earnings-growth ratio of 1.45 and a beta of 1.76. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.63.

Insiders Place Their Bets

In other news, CEO Edward Meyercord sold 50,000 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $29.79, for a total value of $1,489,500.00. Following the sale, the chief executive officer directly owned 1,596,475 shares in the company, valued at $47,558,990.25. This represents a 3.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevin Rhodes sold 21,825 shares of Extreme Networks stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $22.30, for a total value of $486,697.50. Following the sale, the chief financial officer owned 196,803 shares of the company’s stock, valued at approximately $4,388,706.90. This represents a 9.98% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 121,825 shares of company stock valued at $3,064,698. Insiders own 3.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. B. Riley Financial lifted their target price on shares of Extreme Networks from $28.00 to $34.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Oppenheimer reissued an “outperform” rating on shares of Extreme Networks in a report on Thursday, August 6th. Wall Street Zen upgraded shares of Extreme Networks from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Craig Hallum reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Extreme Networks in a report on Thursday, August 6th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Extreme Networks in a report on Thursday, October 22nd. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $32.25.

Extreme Networks Company Profile

Extreme Networks, Inc develops networking solutions that help organizations connect, manage and secure users, devices and applications across campus, data center and distributed environments. Its portfolio includes wired and wireless network infrastructure, Ethernet switches, access points, software-defined wide-area networking (SD-WAN), network access control and cloud-based network management.

The company’s ExtremeCloud platform supports centralized monitoring, configuration, analytics and automation for network operations.