Extreme Networks, Inc. (EXTR)

Extreme Networks' stock has risen significantly, with a 62.43% increase over the last 12 months. In late April 2026, the company reported strong third-quarter fiscal year 2026 results, exceeding revenue and EPS expectations, and raised its full-year fiscal 2026 outlook. The company completed a $55.13 million share repurchase program. There was insider selling by a director in late April and early May 2026.

Extreme Networks experiences seasonal fluctuations in demand, with a disproportionate percentage of sales often occurring in the last month of a quarter. The company serves various industries, including education, government, healthcare, and retail, which may have their own distinct seasonal buying cycles.

Extreme Networks, Inc. is an American networking company specializing in wired and wireless network infrastructure equipment and software. The company focuses on AI-driven cloud networking and AI-powered automation, providing networking solutions for businesses. Its products include ExtremeCloud IQ, ExtremeXOS, ExtremeWireless, ExtremeSwitching, Extreme Fabric Connect, ExtremeAnalytics, ExtremeRouting, ExtremeControl, ExtremeLocation, Extreme AirDefense, ExtremeGuest, ExtremeCloud A3, Extreme Platform ONE, Extreme Agent ONE, ExtremeCloud SD-WAN, and ExtremeCloud Universal ZTNA. Extreme Networks serves diverse customers, including mid-market and enterprise clients, as well as service providers in various industries.

Extreme Networks operates globally across the Americas, EMEA, and APAC regions. Its corporate headquarters are located in Morrisville, North Carolina, with other corporate offices in the US and international locations.

Extreme Networks maintains a strong brand reputation in the enterprise networking space, driven by its focus on AI-powered cloud networking solutions. The company has received several industry accolades, including ARN Networking Company of the Year for 2023 and IP Insider Platinum Reader's Choice for WLAN/Wi-Fi in 2023. Its partner program, Extreme Partner First, was ranked as a 5-Star Partner Program in the 2026 CRN Partner Program Guide.

Extreme Networks' ownership is predominantly institutional, with major shareholders including BlackRock, Inc., Vanguard Group Inc, and State Street Corp. Starboard Value LP is a significant individual shareholder, owning 7.10% of the company. Gordon Stitt, a co-founder, also holds a notable number of shares.