Extreme Networks, Inc. (EXTR)
NASDAQInformation TechnologyCommunication EquipmentSnapshot 2026-11-04
$22.84+0.13%
Close 2026-11-04 · 1-day change
NASDAQInformation TechnologyCommunication EquipmentSnapshot 2026-11-04
QuarterlyIQ Insights · EXTR
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 9.3% |
| Our one-year growth estimate | diamond | 10.3% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-11-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 0.9 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-04 · Compared with 6 industry peers · Company calendar date is not available
EXTR — legal / regulatory event — Changes in Registrant’s Certifying Accountant On, and effective as of, August…
Dated 2026-08-26
Changes in Registrant’s Certifying Accountant On, and effective as of, August 21, 2026, the Audit Committee (the “Audit Committee”) of the Board of Directors of Extreme Networks, Inc. (the “Company”) approved the dismissal of Grant Thornton LLP (“GT”) as the Company’s independent registered public accounting firm. Also on, and effective as of, August 21, 2026, the Audit Committee approved the appointment of Deloitte & Touche LLP (“Deloitte”) as the Company’s independent registered public acco…
Why it matters: Platform ONE bookings topped half of subscription bookings, while SaaS ARR grew 22%. More gains would show customer uptake is growing.
Supportive ifPlatform ONE stays above 50% of subscription bookings and SaaS ARR growth remains at or above 22% year over year.
Worry ifPlatform ONE falls below 50% of subscription bookings, or SaaS ARR growth drops below 18% year over year.
Why it matters: The on-prem AI offer is planned for the first half of 2027. A timely launch would add a new option for customers seeking data control.
Supportive ifExtreme makes Exchange zones available to all by June 30, 2027.
Worry ifExtreme delays the launch past June 30, 2027, or drops the launch plan.
Why it matters: Management called for 10% growth next quarter and through FY27. Meeting that mark would support its growth plan.
Supportive ifQuarterly revenue growth stays at or above 10% year over year through FY27.
Worry ifQuarterly revenue growth falls below 10% year over year, or management cuts its FY27 growth view.
Why it matters: Management says pricing actions offset higher supply costs. Margin results will test whether that continues.
Watch forNon-GAAP gross margin holds at or above 62.6% in the next reported quarter.
Also watch forNon-GAAP gross margin falls below 62.1%, the FY26 full-year level.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$181 on $10,000 · ±1.8% | How much price usually moves either way. |
| Bad day | $426 loss on $10,000 · 4.3% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $3,770 loss on $10,000 · 37.7% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.