Credit and interest ratesnegative · 4 filings
“The decrease in interest expense was primarily due to lower average interest rates under the Amended Credit Agreement.”10-Q · Apr 30, 2026 ↗
Extreme Networks, Inc.
EXTR
Market read
Extreme Networks, Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 8 directly disclosed connections are confirming.
Company-1.3% todayVolume comparison unavailable
Market group0 of 1 activeCloud Network Management · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- EXTR's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if EXTR's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 8 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- EXTR's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations319
Usable filing statements108
Verified relationships14
Evidence supporting the case
- Latest annual revenue changed +12.6% year over year.
- Operating margin changed +3.4 percentage points in the latest annual period.
- Net margin changed +3.9 percentage points in the latest annual period.
- Operating cash flow covered net income at 2.92x in the latest annual period.
- Foreign exchange has repeated favorable evidence across 4 filings.
Evidence challenging the case
- Credit and interest rates has repeated adverse evidence across 4 filings.
- Product pipeline and R&D has repeated adverse evidence across 4 filings.
- Supply chain and availability has repeated adverse evidence across 3 filings.
Questions before a position
- EV/sales is 293% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 10, 2026
21.186m+51.5%12m-1.5%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2022-06-30$1.1B+10.2%$0.33+4.6%
2023-06-30$1.3B+18.0%$0.58+0.1%
2024-06-30$1.1B-14.9%$-0.66-3.3%
2025-06-30$1.1B+2.0%$-0.06+2.4%
2026-06-30$1.3B+12.6%$0.31+2.0%
What management says matters
Persistent and emerging business drivers
Foreign exchangepositive · 4 filings
“Foreign Currency Effect on Cash and Cash Equivalents Foreign currency effect on cash and cash equivalents increased in the nine months ended March 31, 2026, primarily due to changes in foreign currency exchange rates between the U.S.”10-Q · Apr 30, 2026 ↗
Legal and regulatory exposurenegative · 4 filings
“The increase in general and administrative expenses was primarily due to a $5.9 million increase in personnel costs due to higher salaries and benefits costs, a $2.9 million increase in amortization expense related to cloud computing implementation costs, and…”10-Q · Apr 30, 2026 ↗
Product pipeline and R&Dnegative · 4 filings
“The increase in research and development expenses was primarily due to a $4.9 million increase in personnel costs due to higher compensation and benefits costs, a $2.6 million increase in engineering project costs, and a $2.0 million increase in information t…”10-Q · Apr 30, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 2.2× · EV/sales 2.2×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
21.18-1.3% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for EXTR. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for EXTR. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind EXTR
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
AVGOBroadcom Inc.supplierAug 18, 2025 ▾
“Broadcom Inc., Brocade Communications Systems LLC, and Extreme Networks, Inc.”
AMZNAmazon.com, Inc.partnerOct 30, 2025 ▾
“Extreme offers: o Cloud Platform: A robust cloud management platform that delivers visibility, intelligence, and assurance from the network edge to the core.”
Depended on by
ANETArista Networks, Inc.competitorFeb 17, 2026 ▾
“The data center and campus networking markets have historically been dominated by Cisco, with competition also coming from other large network equipment and system vendors, including Dell/EMC, Extreme Networks, Hewlett Packard Enterprise, Huawei, Juniper Netw…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 10 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
EXTR is currently a Leader in the organic co-movement group Cloud Network Management. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for EXTR; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.