Extreme Networks, Inc.
Description
Extreme Networks, Inc. provides software-driven networking solutions worldwide. It designs, develops, and manufactures wired, wireless, and software-defined wide area-network infrastructure equipment. 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 that provides task automation, access control, granular visibility with real-time analytics and multi-vendor device management; and ExtremeCloud IQ Essentials offers WIPS, location services, IoT, and guest management services. It also provides wireless local area networks access point products; ExtremeSwitching portfolio that includes access edge products, which offer connection speeds physical presentations along with options to deliver Ethernet or convergence-friendly Power-over-Ethernet (POE), including high-power universal POE; ExtremeCloud SD-WAN, a software-defined wide area networks solution offers an all-inclusive subscription, which includes hardware, the cloud-based SD-WAN service, support and maintenance, and customer success support; aggregation/core switches designed to address aggregation, top-of-rack, and campus core environments; and data center switches and routers. In addition, the company offers cloud native platforms and applications for service providers; and customer support and services. It markets and sells its products through distributors, resellers, and field sales organizations to healthcare, education, government, manufacturing, retail, and hospitality markets. The company was incorporated in 1996 and is headquartered in Morrisville, North Carolina.
About
CEO
Mr. Edward B. Meyercord III
Employees
2,656
Instrument type
Common Stock
Sector
Technology
Industry
Communication Equipment
MIC code
XNGS
Address
2121 RDU Center Drive, Morrisville, NC 27560, United States
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Oscillators
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Summary
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Moving Averages
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Jan 27, 2026 | — | — | — | — |
| Oct 28, 2025 | — | — | — | — |
| Aug 5, 2025 | — | — | — | — |
| Apr 29, 2025 | — | — | — | — |
| Jan 29, 2025 | 0.18 | 0.21 | 0.03 | 16.67% |
Earnings estimate
|
Current Quarter
(Mar 2025)
|
Next Quarter
(Jun 2025)
|
Current Year
(Jun 2025)
|
Next Year
(Jun 2026)
|
|
|---|---|---|---|---|
| Number of analysts | 7 | 7 | 7 | 7 |
| Average estimate | 0.18 | 0.22 | 0.79 | 1.01 |
| Low estimate | 0.18 | 0.21 | 0.77 | 0.92 |
| High estimate | 0.19 | 0.24 | 0.81 | 1.11 |
| Last year EPS | -0.19 | -0.08 | 0.32 | 0.79 |
[stock_revenue_estimate]
Growth estimates
Current qtr (Mar 2025)
196.790%
Next qtr. (Jun 2025)
376.960%
Current year (Jun 2025)
146.030%
Next year (Jun 2026)
28.920%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 |
| Total reported revenue | 1.12B | 1.31B | 1.11B | 1.01B | 948.02M |
| Cost of revenue | 486.37M | 557.73M | 482.38M | 424.30M | 430.18M |
| Gross profit | 630.83M | 754.72M | 629.94M | 585.12M | 517.84M |
| Operating expense | |||||
| Research & development | 211.93M | 214.27M | 190.59M | 197.00M | 209.61M |
| Selling general and admin | 445.74M | 426.84M | 363.17M | 343.04M | 344.62M |
| Other operating expenses | — | — | — | — | — |
| Operating income | -28.88M | 111.56M | 72.95M | 38.98M | -44.82M |
| Non operating interest income | |||||
| Income | 4.56M | 3.16M | 412,000 | 352,000 | 1.42M |
| Expense | 16.99M | 17.39M | 12.79M | 22.86M | 23.75M |
| Other income expense | -36.19M | -3.23M | -8.37M | -6.29M | -53.35M |
| Pretax income | -77.50M | 94.11M | 52.19M | 10.19M | -120.49M |
| Tax provision | 8.47M | 16.03M | 7.92M | 8.25M | 6.35M |
| Net income | -85.96M | 78.07M | 44.27M | 1.94M | -126.85M |
| Basic EPS | -0.66 | 0.60 | 0.34 | 0.02 | -1.06 |
| Diluted EPS | -0.66 | 0.58 | 0.33 | 0.02 | -1.06 |
| Basic average shares | 129.29M | 129.47M | 129.44M | 124.02M | 119.81M |
| Diluted average shares | 129.29M | 129.47M | 129.44M | 124.02M | 119.81M |
| EBITDA | 5.26M | 149.62M | 113.90M | 92.96M | 21.16M |
| Net income from continuing op. | -85.96M | 78.07M | 44.27M | 1.94M | -126.85M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 |
| Total assets | 1.04B | 1.14B | 1.07B | 1.01B | 979.09M |
| Current assets | |||||
| Cash | — | — | 194.52M | 246.89M | 193.87M |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 156.70M | 234.83M | 194.52M | 246.89M | 193.87M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 89.52M | 182.05M | 184.10M | 156.48M | 122.73M |
| Other receivables | — | — | — | — | — |
| Inventory | 141.03M | 89.02M | 49.23M | 32.89M | 62.59M |
| Prepaid assets | — | — | 61.24M | 51.34M | 35.02M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 79.68M | 70.26M | 61.24M | — | — |
| Non current assets | |||||
| Properties | 44.15M | 34.74M | 36.45M | 36.93M | 51.27M |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | 146.08M | 141.96M | 132.01M | 126.10M | 117.90M |
| Construction in progress | — | — | — | — | — |
| Leases | 47.88M | 48.94M | 52.56M | 53.33M | 52.32M |
| Accumulated depreciation | -150.21M | -144.45M | -135.00M | -124.43M | -111.40M |
| Goodwill | 798.03M | 805.57M | 832.80M | 698.36M | 730.71M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 10.61M | 16.06M | 32.52M | 36.04M | 68.39M |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 83.46M | 73.54M | 60.73M | 63.37M | 55.24M |
| Total liabilities | 1.02B | 1.02B | 978.17M | 955.63M | 973.69M |
| Current liabilities | |||||
| Accounts payable | 51.42M | 99.72M | 84.34M | 60.14M | 48.44M |
| Accrued expenses | 98.11M | 76.76M | 76.57M | 69.07M | 72.56M |
| Short term debt | 19.87M | 45.17M | 47.31M | 42.46M | 35.71M |
| Deferred revenue | 306.11M | 282.48M | 238.26M | 212.41M | 190.23M |
| Tax payable | — | — | — | — | — |
| Pensions | 42.06M | 71.37M | 53.71M | 71.61M | 50.88M |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 219.73M | 219.44M | 303.83M | 348.38M | 444.82M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 7.98M | 7.75M | 7.72M | 3.83M | 2.33M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 3.11M | 3.25M | 3.09M | 14.55M | 21.90M |
| Shareholders equity | |||||
| Common stock | 149,000 | 144,000 | 140,000 | 133,000 | 127,000 |
| Retained earnings | -941.96M | -856.00M | -934.07M | -978.34M | -980.28M |
| Other shareholders equity | -15.48M | -13.19M | -3.06M | -2.81M | -6.38M |
| Total shareholders equity | 25.28M | 116.75M | 90.34M | 54.47M | 5.40M |
| Additional paid in capital | 1.22B | 1.17B | 1.12B | 1.08B | 1.04B |
| Treasury stock | 237.80M | 187.95M | 88.09M | 43.11M | 43.11M |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||
| Net Income | -85.96M | 78.07M | 44.27M | 1.94M | -126.85M | -25.85M | -46.79M | -1.74M | -36.36M | -71.64M | -57.31M | 9.67M | 15.87M | 2.71M | 227,000 | 2.82M | 8.38M | -14.20M | 8.51M | 12.94M | -1.75M | -197.18M | -183.96M | -68.88M | 20.05M | -1.60M | -13.90M |
| Depreciation | 29.45M | 34.88M | 40.16M | 55.32M | 63.82M | 52.87M | 49.06M | 26.34M | 43.17M | 48.78M | 39.40M | 6.03M | 7.17M | 8.89M | 6.91M | 5.90M | 8.54M | 11.97M | 16.59M | 23.88M | 26.25M | 26.65M | 78.75M | 56.86M | 14.16M | 5.90M | 1.60M |
| Deferred Taxes | 80,000 | 407,000 | 682,000 | 1.79M | 1.76M | -5.77M | -4.68M | 2.00M | 1.74M | 1.87M | -61,000 | -35,000 | 37,000 | -928,000 | 21,000 | 170,000 | 578,000 | 64,000 | -249,000 | 451,000 | -188,000 | 133.56M | -56.77M | -64.17M | — | — | — |
| Stock-Based Compensation | 76.76M | 63.47M | 43.36M | 39.05M | 37.84M | 32.90M | 27.63M | 12.63M | 14.79M | 17.80M | 15.92M | 7.35M | 6.19M | 5.25M | 6.24M | 3.85M | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | 10.02M | 5.34M | 19.80M | 25.18M | 27.89M | 3.08M | 903,000 | 2.37M | 3.74M | 2.32M | 3.67M | — | 19.75M | — | 379,000 | 2.50M | 8.54M | 13.22M | 9.42M | — | — | — | — | — | — | 200,000 | -100,000 |
| Accounts Receivable | 92.32M | 1.59M | -26.23M | -34.16M | 62.15M | 36.33M | -69.52M | -13.95M | 626,000 | 27.68M | -56.12M | -6.30M | -7.60M | 8.38M | -4.41M | 19.73M | -18.41M | 4.54M | 3.31M | 2.27M | -6.00M | 24.55M | 7.95M | -20.02M | -40.20M | -13.00M | -7.50M |
| Accounts Payable | -48.01M | 14.73M | 23.81M | 10.81M | -26.08M | -9.85M | 18.84M | 2.06M | -9.56M | 2.83M | -4.23M | 7.73M | 3.92M | -3.45M | 5.77M | -4.15M | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | -40.09M | 27.19M | 6.42M | 43.10M | 1.36M | 25.03M | 47.73M | 8.47M | 9.94M | 9.13M | 27.75M | 15.97M | -7.43M | -3.24M | -4.76M | -14.50M | 6.81M | -10.73M | -12.60M | -14.47M | -4.35M | 5.32M | -4.53M | -27.04M | 4.78M | 7.00M | 2.40M |
| Operating Cash Flow | 34.56M | 225.68M | 152.27M | 143.02M | 41.89M | 108.74M | 23.18M | 38.17M | 28.08M | 38.77M | -30.99M | 40.41M | 37.90M | 17.61M | 10.37M | 16.32M | 14.44M | 4.87M | 24.98M | 25.08M | 13.95M | -7.09M | -158.56M | -123.25M | -1.21M | -1.50M | -17.50M |
| Investing Activities | |||||||||||||||||||||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — | — | — | — | 42.66M | — | — | — | — | -7.68M | -4.64M | -7.97M | -7.13M | -6.26M | -14.72M | -82.82M | -51.22M | -27.24M | -7.50M | -2.50M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | -569,000 | -87,000 | -625,000 | -275,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | -69.52M | — | -219.46M | — | -97.58M | -61.33M | — | -3.00M | -180.00M | — | — | — | — | — | — | — | — | — | — | — | -14.92M | 1.18M | — | — | — |
| Purchase of Investments | — | — | — | — | — | — | — | — | — | — | -9.05M | -57.71M | -75.85M | -111.80M | -51.55M | -44.48M | -307.44M | -210.71M | -273.99M | -297.05M | -306.37M | -582.91M | -390.91M | — | -158.77M | -35.70M | -11.00M |
| Sale of Investments | — | — | — | — | 45.25M | 921,000 | 5.52M | — | — | 32.37M | 85.32M | 44.90M | 70.95M | 95.42M | 47.89M | 121.74M | 294.07M | 408.67M | 247.73M | 350.08M | 292.98M | 553.78M | 247.55M | 8.40M | — | 14.00M | — |
| Investing Cash Flow | — | — | -69.52M | — | -174.21M | 921,000 | -92.06M | -61.33M | — | 29.37M | -103.73M | 29.84M | -4.90M | -16.38M | -3.67M | 77.26M | -21.05M | 193.33M | -34.23M | 45.91M | -19.65M | -43.85M | -241.10M | -49.40M | -194.98M | -29.10M | -13.50M |
| Financing Activities | |||||||||||||||||||||||||||
| Long-Term Debt Issuance | — | — | — | — | 199.50M | — | 290.00M | 48.25M | — | — | 65.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -65.00M | -108.63M | -38.13M | -74.00M | -34.52M | -19.88M | -193.71M | -10.04M | -26.38M | -78.69M | -26.44M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | -30.12M | -11.30M | -11.57M | -782,000 | -11.49M | -11.05M | -4.88M | -1.33M | — | — | — | — | 1.00M | 1.00M | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing Cash Flow | -114.98M | -194.78M | -94.66M | -70.27M | 187.28M | -34.44M | 104.75M | 48.71M | -6.74M | -52.47M | 129.58M | -7.39M | 2.39M | 2.53M | 1.09M | -99.26M | 3.68M | -14.08M | -28.68M | 5.94M | 13.00M | 6.28M | 11.21M | 25.05M | 181.38M | 126.60M | 20.40M |
| Other Cash Details | |||||||||||||||||||||||||||
| End Cash Position | 156.70M | 234.83M | 194.52M | 246.89M | 193.87M | 169.61M | 121.14M | 130.45M | 94.12M | 76.23M | 73.19M | 95.80M | 54.60M | 49.97M | 51.94M | 46.20M | 70.37M | 71.57M | 92.60M | 127.47M | 59.16M | 44.34M | 71.83M | 87.72M | 116.72M | 107.10M | 9.50M |
| Income Tax Paid | 15.61M | 12.00M | 7.78M | 4.49M | 5.31M | 5.97M | 4.13M | 2.51M | 2.36M | 1.58M | 2.86M | 1.53M | 2.62M | 1.76M | 1.20M | 2.83M | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 14.69M | 13.09M | 9.27M | 18.74M | 20.41M | 8.49M | 8.29M | 3.01M | 2.61M | 2.36M | 1.85M | — | 75,000 | 132,000 | 141,000 | 146,000 | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 37.37M | 235.41M | 112.74M | 127.36M | 20.62M | 82.22M | -21.37M | 48.86M | 25.04M | 29.65M | -49.30M | 18.88M | 8.30M | 11.08M | 5.83M | -2.18M | 8.48M | -4.91M | 20.07M | 9.33M | 15.21M | -4.64M | -62.35M | -55.88M | -2.42M | -4.70M | -10.80M |
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Article
Bronstein, Gewirtz & Grossman, LLC Encourages Extreme Networks, Inc. (EXTR) Stockholders to Inquire about Securities Investigation
NEW YORK CITY, NY / ACCESS Newswire / February 10, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Extreme Networks, Inc. ("Extreme Networks" or "the Company") (NASDAQ:EXTR). Investors who purchased Extreme Networks securities prior to July 27, 2022, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/EXTR.
Feb 10, 2025
Article
Bronstein, Gewirtz & Grossman, LLC Announces an Investigation Against Extreme Networks, Inc. (EXTR) and Encourages Investors to Learn More About the Investigation
NEW YORK CITY, NY / ACCESS Newswire / February 9, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Extreme Networks, Inc. ("Extreme Networks" or "the Company") (NASDAQ:EXTR). Investors who purchased Extreme Networks securities prior to July 27, 2022, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/EXTR.
Feb 9, 2025
Article
Extreme Networks, Inc. (EXTR) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Shareholders to Contact the Firm to Learn More About the Investigation
NEW YORK CITY, NY / ACCESS Newswire / February 7, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Extreme Networks, Inc. ("Extreme Networks" or "the Company") (NASDAQ:EXTR). Investors who purchased Extreme Networks securities prior to July 27, 2022, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/EXTR.
Feb 7, 2025
