EXTR

Technology

Extreme Networks, Inc. · Communication Equipment · $3B

UQS Score — Balanced Preset
38.3
Below Average

Extreme Networks, Inc. scores 38.3/100 using the Balanced preset.

UQS vs Technology Sector
EXTR
38.3
Sector avg
38.0
Quality
Weak
Moat
Weak
Growth
Neutral
Risk
Weak
Valuation
Neutral

What is Extreme Networks, Inc.?

Extreme Networks is a global provider of software-driven networking solutions, serving industries from healthcare to hospitality. Headquartered in Morrisville, North Carolina, the company delivers both hardware infrastructure and cloud-based network management software.

Extreme Networks generates revenue by selling wired and wireless network infrastructure equipment alongside cloud-managed software platforms. Its go-to-market model relies on distributors, resellers, and a direct field sales force targeting enterprise and institutional customers. The company's software layer — covering management, analytics, security, and access control — creates recurring subscription opportunities on top of hardware sales, giving it a hybrid product-and-services revenue profile.

Extreme Networks was incorporated in 1996 and began operations in 1999, establishing its base in Morrisville, US.

  • ExtremeCloud IQ — ML/AI-powered cloud network management platform
  • ExtremeCloud IQ Site Engine for multi-vendor automation and analytics
  • ExtremeSwitching portfolio including access edge and data center switches
  • Wireless access point hardware for enterprise environments
  • Cloud-native platforms and applications for service providers

Is EXTR a Good Stock to Buy?

UQS Score rates EXTR as Below Average overall, reflecting meaningful challenges across several key quality dimensions.

The Valuation pillar stands out as the relative bright spot, suggesting the market may already be pricing in much of the company's current headwinds. The Growth and Risk pillars both land at Neutral, indicating neither a clear expansion story nor an acute near-term threat profile.

Both the Quality and Moat pillars register as Weak — the two areas UQS weighs most heavily — pointing to limited competitive insulation and below-average business fundamentals relative to sector peers.

See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →

Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.

Does EXTR pay dividends?

No — Extreme Networks, Inc. does not currently pay a dividend.

Extreme Networks does not currently pay a dividend. For a mid-cap technology company still navigating competitive positioning and product investment cycles, retaining capital for R&D and platform development is a common strategic choice. Income-focused investors should factor this into their assessment of EXTR alongside the company's overall UQS profile.

When does EXTR report earnings?

Extreme Networks reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.

The company's recent results reflect the tension between hardware demand cycles and the ongoing shift toward cloud-managed software subscriptions. Growth has been Neutral in UQS terms — neither accelerating strongly nor contracting sharply — while quality metrics remain under pressure.

For the most recent quarter's results and forward guidance, visit Extreme Networks' investor relations page directly.

EXTR Price History

+63.2% over 5Y

Monthly close, adjusted for stock splits and dividend reinvestment.

Return Calculator

What if I invested in Extreme Networks, Inc.?

$
Today it would be worth
$20,271
That's a +103% total return, or +15.2% annualized.

Based on Extreme Networks, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.

EXTR Long-term Outlook

The fundamental outlook for EXTR is shaped by its Neutral Growth profile and Weak Quality and Moat scores. The transition toward recurring cloud software revenue could provide a more stable revenue base over time, but competitive pressure from larger, better-resourced networking vendors remains a structural headwind. The Neutral Risk rating suggests no acute balance-sheet crisis, but the path to improving Quality metrics will require sustained execution.

Growth drivers

  • Expansion of ExtremeCloud IQ subscription attach rates across the installed hardware base
  • Growing enterprise demand for AI-assisted network management and analytics
  • Penetration of vertical markets such as healthcare, education, and government

Key risks

  • Weak Moat score signals limited pricing power against larger networking incumbents
  • Weak Quality metrics indicate below-sector-average profitability and return characteristics
  • Hardware commoditization could compress margins as the software transition matures

EXTR vs Peers

Extreme Networks operates in a competitive technology infrastructure landscape alongside several other mid-market players.

KNEXTR scores lower
Knowles Corporation

Knowles focuses on acoustic components and precision devices rather than networking infrastructure, representing a different technology niche within the broader hardware sector.

DGIISimilar UQS
Digi International Inc.

Digi International specializes in IoT connectivity solutions and managed services, overlapping with Extreme Networks in enterprise connectivity but with a stronger IoT-first focus.

PIEXTR scores higher
Impinj, Inc.

Impinj centers its business on RAIN RFID technology for item intelligence, serving retail and supply chain use cases distinct from Extreme's campus and enterprise networking focus.

Frequently Asked Questions

What does Extreme Networks do?

Extreme Networks designs and sells wired and wireless network infrastructure equipment, along with cloud-based software for network management, security, analytics, and access control. It serves enterprise customers in healthcare, education, government, retail, and hospitality through a channel-driven sales model.

Does EXTR pay dividends?

No, Extreme Networks does not currently pay a dividend. The company retains capital to invest in product development and its cloud platform transition, which is typical for mid-cap technology companies in competitive growth phases.

When does EXTR report earnings?

Extreme Networks follows a standard quarterly earnings cadence for US-listed companies. Specific upcoming report dates are not covered by our data source — check the company's investor relations page for the current schedule.

Is EXTR a good stock to buy?

UQS Score rates EXTR as Below Average, driven by Weak Quality and Moat scores. While Valuation is rated Good and Growth and Risk are Neutral, the overall profile suggests meaningful fundamental challenges. The full pillar breakdown is available to UQS Pro members.

Is EXTR overvalued?

The UQS Valuation pillar for EXTR is rated Good, suggesting the current market price may reflect the company's challenges rather than optimistic assumptions. That said, a favorable valuation rating alone does not offset weak quality or moat characteristics — context across all five pillars matters.

How does EXTR compare to its competitors?

Among the peers tracked on UQS — including Digi International and Impinj — each company occupies a distinct niche within technology infrastructure. Extreme Networks differentiates through its campus and enterprise networking focus combined with a cloud management software layer, though its Weak Moat score signals limited competitive insulation.

What is EXTR's market cap bracket?

Extreme Networks is classified as a mid-cap company. This places it in a segment where competitive pressure from both large-cap incumbents and nimble small-cap specialists is common, which is reflected in its Weak Moat score.

Who founded Extreme Networks?

Extreme Networks was founded in the late 1990s and incorporated in 1996, beginning operations in 1999. Detailed founding history, including founder names, is widely available through the company's official corporate history and public filings.

Is EXTR a long-term quality investment?

As a long-term quality indicator, EXTR's Below Average UQS Score — anchored by Weak Quality and Moat pillars — suggests the business has not yet demonstrated the durable competitive advantages and profitability characteristics typically associated with high-conviction long-term holdings. Progress on its cloud software transition will be key to watch.

What is the main competitive advantage of Extreme Networks?

Extreme Networks positions its ExtremeCloud IQ platform as a differentiator, combining ML and AI-driven management with broad hardware compatibility. However, the UQS Moat pillar rates this advantage as Weak, indicating that the competitive insulation it provides is limited relative to sector peers.

Is EXTR a growth stock or value stock?

Based on UQS pillar labels, EXTR sits in an in-between position — Growth is Neutral and Valuation is Good. It does not carry the profile of a high-growth compounder, nor does a favorable valuation rating alone make it a classic deep-value opportunity given the weak quality fundamentals.

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Pro Analysis

EXTR — Score History

3035404550Apr 2Apr 12Apr 22May 2May 12May 22May 24v5
Score changes· 23 most recent
DateUQSQualityMoatGrowthRiskValueChange
May 22, 202638.439.424.046.728.959.3-0.9
May 7, 202639.335.424.046.741.259.7-0.2
May 4, 202639.535.424.046.741.261.0+0.1
May 3, 202639.435.424.046.341.260.8-1.1
May 2, 202640.535.424.046.341.267.9+0.1
May 1, 202640.435.424.046.041.267.80.0
Apr 26, 202640.435.424.045.941.267.7+0.1
Apr 23, 202640.335.424.045.941.267.0+0.1
Apr 21, 202640.235.124.045.941.267.00.0
Apr 19, 202640.235.224.045.941.267.0-0.1

EXTR — Pillar Breakdown

Quality

38.9/100 (25%)

Extreme Networks, Inc. has average quality metrics, with room for improvement in margins or capital efficiency.

Capital Efficiency (ROIC)Weak

How effectively capital is deployed to generate returns.

Return on EquityStrong

Profitability relative to shareholders' equity.

Operating ProfitabilityWeak

Ability to convert revenue into operating profit.

Net ProfitabilityWeak

Bottom-line profit as a share of revenue.

Gross Profit / AssetsStrong

Asset productivity — how much gross profit each dollar of assets generates.

Cash GenerationModerate

Free cash flow relative to market value.

Growth

46.7/100 (20%)

Extreme Networks, Inc. shows steady but unspectacular growth, typical for mature companies.

Recent Revenue TrendWeak

Revenue trajectory over the last twelve months.

3Y Revenue CAGRWeak

Compound annual revenue growth rate over 3 years.

EPS GrowthStrong

Year-over-year earnings per share growth.

Forward Revenue OutlookWeak

Analyst consensus for future revenue growth.

Forward EPS GrowthStrong

Analyst consensus for future earnings growth.

Risk

28.7/100 (15%)

Extreme Networks, Inc. presents elevated risk with concerns around leverage or financial stability.

Financial LeverageModerate

Debt levels relative to earnings capacity.

Debt/EquityWeak

Total debt relative to shareholder equity.

Current RatioWeak

Short-term liquidity — ability to pay near-term obligations.

Interest CoverageWeak

Earnings capacity relative to interest payments.

Valuation

59.3/100 (15%)

Extreme Networks, Inc. trades at a reasonable valuation with decent earnings yield and FCF multiples.

Earnings YieldModerate

Inverse of forward P/E — higher yield means cheaper stock.

Price to Free Cash FlowStrong

How many years of FCF the market cap represents.

PEG RatioStrong

P/E relative to earnings growth — lower is more attractive.

EV/EBITDA vs SectorWeak

Enterprise value multiple relative to sector median.

Moat

24/100 (25%)

Extreme Networks, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for EXTR.

Score Composition

Quality
38.9×25%9.7
Growth
46.7×20%9.3
Risk
28.7×15%4.3
Valuation
59.3×15%8.9
Moat
24.0×25%6.0
Total
38.3Below Average

Financial Data

More Stock Analysis

How is the EXTR UQS Score Calculated?

The UQS (Unified Quality Score) for Extreme Networks, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses Extreme Networks, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether Extreme Networks, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.