Added to YB: 2026-05-21
Pitch date: 2026-05-18
EXTR [bullish]
Extreme Networks, Inc.
-1.88%
current return
Author Info
No bio for this author
Company Info
Extreme Networks, Inc., together with its subsidiaries, develops, markets, and sells network infrastructure equipment and related software in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.
Market Cap
$3.2B
Pitch Price
$23.93
Price Target
34.25 (+45%)
Dividend
N/A
EV/EBITDA
29.20
P/E
200.59
EV/Sales
2.54
Sector
Communications Equipment
Category
growth
Caffeinated Memos: Extreme Networking
EXTR: Enterprise Wi-Fi vendor riding Wi-Fi 7 upgrade cycle. 5 qtrs double-digit rev growth, 61.7% gross margin, 20%+ ROIC. Q3 product rev +12% YoY, SaaS ARR +28.6%. Wi-Fi 7 now 37% of wireless shipments (vs 27% prior qtr). Winning vs CSCO/HPE via simpler deployment & portability. PT $31.50-34.25 (23-25x FY27E EPS $1.37) vs ~$25 today. Risks: cycle shorter than expected, share gains anecdotal, SaaS slows, supply constraints.
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