Investors might want to bet on Extreme Networks (EXTR) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual investors ...

Extreme Networks (EXTR) closed the last trading session at $14.01, gaining 26.3% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $18.75 indicates a 33.8% upside potential.The mean estimate comprises six short-term price targets with a standard deviation of $3.31. While the lowest estimate of $15 indicates a 7.1% increase from the current price level, the most optimistic analyst exp ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION (Exact name of registrant as specified in its charter) Washington, D. C. 20549 Form 10-Q DELAWARE 77-0430270 [State or other jurisdiction (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to ______ Commission file number 000-25711 EXTREME NE ...

Extreme Networks (EXTR) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to loss of $0.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.53%. A quarter ago, it was expected that this maker of network infrastructure equipment would post earnings of $0.18 per share when it actually produced earnings of $0.21, delivering a surprise of 16.67%.Over the l ...

Extreme Networks (EXTR) Q3 2025 Earnings Call April 30, 2025 08:00 AM ET Speaker0 Thank you for standing by. My name is Ian, and I will be your conference operator today. At this time, I would like to welcome everyone to the Extreme Networks Q3 FY 'twenty five Financial Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. Thank you. I would like to hand the call over to Stan Kovler, Senior Vice ...

April 30, 2025 3Q25 Financial Results DISCLAIMER Non-GAAP Financial Measures This presentation includes certain financial measures that are not presented in accordance with generally accepted accounting principles in the United States ("GAAP), such as, among other things, Non-GAAP Gross Profit, Non-GAAP EPS, Free Cash Flow, Non-GAAP Gross Margin, Non-GAAP Operating Margin, Net Cash (Debt), Non-GAAP Operating Income (Loss), EBITDA, Non-GAAP Net Income (Loss), Non-GAAP Operating Expense, Gross Debt, and Adjus ...

Exhibit 99.1 For more information, contact: Investor Relations Media Contact Stan Kovler Amy Aylward 919/595-4196 603/952-5138 Investor_relations@extremenetworks.com pr@extremenetworks.com Extreme Networks Reports Third Quarter Fiscal Year 2025 Financial Results Marks Fourth Consecutive Quarter of Sequential Revenue Growth Strong Funnel Provides Increased Visibility and Confidence In Outlook Morrisville, NC, April 30, 2025 -- Extreme Networks, Inc. ("Extreme") (Nasdaq: EXTR) today released financial results ...

Extreme Networks (NASDAQ: EXTR ) is one of those companies that is undervalued, overlooked and undercovered. Yet behind the scenes, it is working on great things that could take the world by surprise. It is the kind of company that is motivated byAt Henriot Capital, we live by the principle that simplicity and common sense drive success. I’m passionate about building a hedge fund with a clear purpose, disciplined focus, and consistent alpha. Our approach is fully quant-driven—our model gives us the tickers, ...

Market Overview - The total addressable market for Extreme's Enterprise Networking solutions is estimated to exceed $47 billion, growing at approximately 13% annually over the next five years[146]. - The cloud networking segment is projected to be an $11 billion market, growing at 14% annually over the next five years[150]. - The networking and infrastructure market for enterprise and service provider applications is valued at over $36 billion[146]. - The company aims to expand its market penetration by targeting high-growth segments, particularly in cloud networking, which is expected to outpace on-premises managed networking growth[155]. Product and Technology - Extreme's Platform ONE integrates networking, security, and AI solutions, aiming to reduce complexity for enterprises[148]. - The company anticipates that its AI-powered automation will enhance productivity for networking, security, and business teams[148]. - ExtremeCloud IQ provides unified cloud-native management driven by AI and ML, streamlining operations and delivering actionable insights[152]. - The company has introduced the Extreme AI Expert, a GenAI solution designed to optimize networks and improve issue resolution times[152]. - The company is set to launch Extreme Platform ONE in the second half of calendar year 2025, integrating networking and security with AI[153]. - Extreme's cloud management platform conforms to ISO/IEC standards for data privacy and protection, ensuring high security for customers[150]. - The company offers flexible consumption options for its services, including public, private, and hybrid cloud solutions[152]. - Extreme's strategy focuses on delivering a differentiated end-to-end cloud networking architecture to enhance customer outcomes[147]. Financial Performance - Net revenues for Q2 fiscal 2025 were $279.4 million, a decrease of 5.7% compared to $296.4 million in Q2 fiscal 2024[155]. - Product revenues decreased by $14.4 million or 7.7% for Q2 fiscal 2025 compared to Q2 fiscal 2024, and by $105.5 million or 24.0% for the first six months of fiscal 2025[157]. - Subscription and support revenues decreased by $2.7 million or 2.4% for Q2 fiscal 2025, but increased by $4.6 million or 2.2% for the first six months of fiscal 2025[158]. - Total gross margin improved to 62.7% of net revenues in Q2 fiscal 2025, compared to 61.9% in Q2 fiscal 2024[155]. - Operating income for Q2 fiscal 2025 was $12.7 million, up from $10.3 million in Q2 fiscal 2024[155]. - Cash flows from operating activities were $40.1 million for the first six months of fiscal 2025, down from $109.9 million in the same period last year[155]. Expenses and Costs - Research and development expenses increased by $2.1 million or 3.9% for Q2 fiscal 2025 compared to Q2 fiscal 2024, primarily due to higher personnel costs[165]. - Total operating expenses decreased by 6.1% to $162.5 million in Q2 fiscal 2025 compared to $173.1 million in Q2 fiscal 2024[163]. - Research and development expenses decreased by $1.5 million or 1.4% for the six months ended December 31, 2024, primarily due to a $5.8 million decrease in contractor costs[166]. - Sales and marketing expenses decreased by $15.7 million or 8.9% for the six months ended December 31, 2024, mainly due to a $12.4 million decrease in personnel costs[169]. - General and administrative expenses increased by $13.4 million or 27.2% for the six months ended December 31, 2024, primarily due to an $8.8 million increase in legal costs related to litigation matters[172]. - Restructuring and related charges were recorded at $2.3 million for the six months ended December 31, 2024, primarily consisting of severance and benefits costs[173]. Cash Flow and Debt - The company reported net cash provided by operating activities of $40.1 million for the six months ended December 31, 2024, despite a net loss of $3.1 million[196]. - Cash and cash equivalents increased to $170.3 million as of December 31, 2024, compared to $156.7 million as of June 30, 2024[186]. - The company had $50.3 million available for share repurchases under the 2022 Repurchase Program as of December 31, 2024[187]. - As of December 31, 2024, the company had $185.0 million of debt outstanding, with an average daily outstanding amount of $197.3 million during the quarter[209]. - Cash flows used in financing activities for the six months ended December 31, 2024 were $14.0 million, primarily due to payments for taxes and debt financing costs[199]. Foreign Exchange and Commitments - Foreign exchange forward contracts not designated as hedging instruments had a notional amount of $55.0 million as of December 31, 2024, compared to $15.6 million in 2023[212]. - For the six months ended December 31, 2024, the company recognized foreign currency transaction net gains of $1.4 million, compared to net losses of $0.3 million for the same period in 2023[212]. - The company had non-cancelable commitments to purchase $29.5 million of inventory as of December 31, 2024[204]. - The company expects to honor inventory purchase commitments within the next 12 months[204]. - The company had contractual commitments of $21.5 million due through fiscal year 2027 as of December 31, 2024[205].

Core Viewpoint - Extreme Networks reported quarterly earnings of $0.21 per share, exceeding the Zacks Consensus Estimate of $0.18 per share, but down from $0.24 per share a year ago, indicating a 16.67% earnings surprise [1] - The company generated revenues of $279.36 million for the quarter, surpassing the Zacks Consensus Estimate by 0.22%, but down from $296.38 million year-over-year [2] Earnings Performance - The company has surpassed consensus EPS estimates two times over the last four quarters [2] - The earnings surprise for the previous quarter was 41.67%, with actual earnings of $0.17 per share compared to an expected $0.12 [1][2] Stock Performance - Extreme Networks shares have declined approximately 2.9% since the beginning of the year, while the S&P 500 has gained 3.2% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Future Outlook - Current consensus EPS estimate for the upcoming quarter is $0.18 on revenues of $279.6 million, and for the current fiscal year, it is $0.76 on revenues of $1.12 billion [7] - The outlook for the industry, particularly the Computer - Networking sector, is favorable, ranking in the top 35% of Zacks industries, which historically outperforms the bottom 50% by a factor of more than 2 to 1 [8]