Extreme Networks Inc (EXTR) fair value: what the stock is really worth
As of Oct 23, 2026: fair value (intrinsic value) of Extreme Networks Inc stock $8.92, price $21.97, upside -59.4%, quality 71 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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Extreme Networks Inc
EXTR · USStretched ValuationStrong overvaluation with only moderate quality.
Our calculation puts a fair price 59% below what the stock costs today.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 25, 2026.
How to read this chart
60‑month range $8.59 – $33.71 · fair‑value band $6.69 – $11.15 · the $21.97 price screens above the $8.92 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Oct 25, 2026.
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Company profile
Extreme Networks, Inc., together with its subsidiaries, develops, markets, and sells network infrastructure equipment and related software in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.
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The company offers ExtremeCloud IQ, an ML/AI powered, wired and wireless cloud network management solution that offers advanced visibility and control over users, devices, and applications; ExtremeCloud IQ-Site Engine, which provides task automation, access control, granular visibility with real-time analytics and multi-vendor device management; and ExtremeCloud IQ Essentials that offers wireless intrusion prevention system, location services, and guest management services.
It also provides wireless local area networks access point products; wired for edge, campus, and data center solutions through Extreme Switching that offers access edge products, such as connection speeds for physical presentations along with options to deliver Ethernet or convergence-friendly power-over-ethernet; and ExtremeCloud SD-WAN, a software-defined wide area networks solution offering an all-inclusive subscription, which includes hardware, the cloud-based SD-WAN service, support and maintenance, and customer success support; and ExtremeCloud Universal ZTNA, a network access security solution.
In addition, the company offers cloud native platforms and applications; and customer services and support, including post-sale support, consultative, customized training and operational manuals, and education classes.
It serves mid-market and enterprise customers, as well as service providers in the sports and entertainment venues, hospitality, retail, transportation and logistics, education, government, healthcare, and manufacturing industries.
The company sells its products through original equipment manufacturers and strategic relationships, distributors, resellers, and field sales. Extreme Networks, Inc., was incorporated in 1996 and is headquartered in Morrisville, North Carolina.
Stock analysis
Extreme Networks Inc (EXTR) currently trades at $21.97, while our model-based Fair Value estimate is $8.92, 59.4% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $10.34 per share, and 0 of the 22 models we run sit above the $21.97 price.
Bear case: the Economic Profit group reads lowest at $1.88, and 22 of the 22 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $6.69 (bear) to $11.15 (bull), the price of $21.97 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 71/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Extreme Networks Inc reported revenue of $1.3B in FY2026 versus $1.1B in FY2022, a compound +3.6%/yr. Reported net income was $42.1M in FY2026, compounding −1.2%/yr from FY2022.
Key figures
Market cap $2.8B Mid · P/E ratio 70.9 · P/S ratio 2.21 · EPS (TTM) $0.3100 · Net margin 3.3% · Return on equity 54.6% · Return on assets (EBIT) 4.2% · Operating margin 6.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 35% below its 52-week high and 60% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −48% fair-value upside, at −59%, EXTR screens richer than that median.
Fair Value models
All 22 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Growth Forecast
EXTR screens overvalued: fair value 59% below the price. Compare with Cisco Systems, Inc →
Earlier news
- Extreme Networks Schedules First Quarter 2027 Financial Results Conference Call
- Extreme Networks (EXTR) Hires AI Marketing Leader, Is The Stock Still 31% Undervalued?
- Extreme Networks (EXTR) Stock Could Be 37% Below Fair Value On Cash Flow
- Extreme Delivers Industry's First Proactive, Context-Aware AI Agent for Networking
Compare Extreme Networks Inc with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Communication Equipment · 299 stocks
Valuation Multiplesvs Communication Equipment median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Communication Equipment stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Cisco Systems, Inc CSCO | $106.50 | $117.15 | +10% | vs EXTR |
| Ubiquiti Inc UI | $587.42 | $646.16 | +10% | vs EXTR |
| Eoptolink Technology Inc 300502 | ¥294.12 | ¥289.12 | −2% | vs EXTR |
| Zhongji Innolight Co 300308 | ¥647.90 | ¥342.18 | −47% | vs EXTR |
| Motorola Solutions, Inc MSI | $481.83 | $248.80 | −48% | vs EXTR |
| Nokia Oyj NOK | $8.14 | $3.65 | −55% | vs EXTR |
| Foxconn Industrial Internet Co 601138 | ¥48.77 | ¥13.93 | −71% | vs EXTR |
| Yangtze Optical Fibre And Cable Joint Stock Limited 601869 | ¥322.75 | ¥59.92 | −81% | vs EXTR |
| Ciena Corporation CIEN | $320.26 | $50.06 | −84% | vs EXTR |
| Lumentum Holdings LITE | $756.17 | $85.88 | −89% | vs EXTR |
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Key figures of Extreme Networks Inc
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