EXTR Extreme Networks, Inc. - Common Stock

NASDAQ · Communications · View on SEC EDGAR ↗
$23.09
Price · Aug 19, 2026
Fundamentals as of Aug 17, 2026

About Extreme Networks, Inc. - Common Stock Company overview from Wikipedia

Extreme Networks, Inc. is an American networking company based in Morrisville, North Carolina. Extreme Networks designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security and access controls.

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Extreme Networks, Inc. is an American networking company based in Morrisville, North Carolina. Extreme Networks designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security and access controls.

History

Extreme Networks was established by co-founders Gordon Stitt, Herb Schneider, and Stephen Haddock in 1996 in California, United States, with its first offices located in Cupertino, which later moved to Santa Clara, and later to San Jose. Early investors included Norwest Venture Partners, AVI Capital Management, Trinity Ventures, and Kleiner Perkins Caufield & Byers. Gordon Stitt was a co-founder and served as chief executive officer until August 2006, when he retired and became chairman of the board of directors.

The initial public offering in April 1999 was listed on the NASDAQ stock exchange as ticker "EXTR."

In April 2013, Charles W. Berger (from ParAccel as it was acquired by Actian) replaced Oscar Rodriguez as CEO.

On April 19, 2015, Charles W. Berger resigned as CEO, and was replaced by Board Chairman Ed Meyercord.

Acquisitions

In October 1996, Extreme Networks acquired Mammoth Technology.

Extreme Networks acquired Optranet in February 2001 and Webstacks in March 2001. Extreme had invested in both companies, which were purchased for about $73 million and $74 million respectively.

On September 12, 2013, Extreme Networks announced it would acquire Enterasys Networks for about $180 million.

On October 31, 2016, Extreme Networks announced that it completed the acquisition of Zebra Technologies' wireless LAN business for about $55 million.

On March 7, 2017, Extreme Networks announced its intention to acquire Avaya's networking business in a transaction valued at $100 million. The acquisition officially closed on July 17, 2017. As part of this transaction, Extreme acquired customers, personnel, and technology assets from Avaya. Extreme has publicly stated that it expects to "generate over $200 million in additional annualized revenue" from the acquired networking assets from Avaya.

On March 29, 2017, Extreme Networks announced its intention to acquire Brocade's SRA (Switching, Routing, and Analytics) business from Broadcom for an undisclosed sum. The acquisition officially closed on October 30, 2017, and with it, Extreme acquires customer relationships, personnel, and technology assets from Brocade including the SLX, VDX, MLX, CES, CER, Workflow Composer, Automation Suites, and certain other Data Center related products. Extreme has publicly stated that it anticipates "the transaction will generate over $230 million in additional annualized revenue from the acquired assets".

On June 26, 2019, Extreme Networks announced its intention to acquire Aerohive Networks for $272 million. Aerohive's cloud-managed portfolio of wireless, LAN, and SD-WAN products is well-regarded in the industry. The acquisition was completed on August 9, 2019, at an aggregate purchase price of approximately $272 million.

On September 15, 2021, Extreme Networks acquired Infovista's Ipanema SD-WAN business.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

EXTR Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$23.09
Market Cap
$3.03B
P/E (TTM)
74.5
EPS (TTM)
$0.31
Revenue (TTM)
$1.28B
Div Yield
ROE
45.7%
Debt/Equity
1.8
52W Range
$13 – $34

EXTR Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $1.28B
10-point trend, +111.4%
2017-06-30 2026-06-30
EPS $0.31
10-point trend, +1650.0%
2017-06-30 2026-06-30
Free Cash Flow $95M
10-point trend, +94.9%
2017-06-30 2026-06-30
Margins 3.3%
10-point trend, +13.3%
2017-06-30 2026-06-30

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
EXTR
Peer Median
P/E (TTM)
5-point trend, +286.3%
74.5
31.1
P/S (TTM)
5-point trend, +219.2%
2.4
3.4
P/B
5-point trend, +275.7%
34.2
4.1
EV / EBITDA
5-point trend, +240.6%
47.5
Price / FCF
5-point trend, +336.1%
31.8

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
EXTR
Peer Median
Gross Margin
5-point trend, +8.6%
61.5%
57.1%
Operating Margin
5-point trend, -15.4%
4.9%
Net Profit Margin
5-point trend, -17.6%
3.3%
6.8%
ROA
5-point trend, -15.3%
3.6%
3.8%
ROE
5-point trend, -2.2%
45.7%
13.1%
ROIC
5-point trend, +47.2%
20.3%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
EXTR
Peer Median
Debt / Equity
5-point trend, -45.1%
1.8
0.0
Current Ratio
5-point trend, -5.1%
0.9
2.1
Quick Ratio
5-point trend, -16.1%
0.6

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
EXTR
Peer Median
Revenue YoY
5-point trend, +15.4%
12.6%
Revenue CAGR 3Y
5-point trend, +15.4%
-0.74%
Revenue CAGR 5Y
5-point trend, +15.4%
4.9%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
EXTR
Peer Median
EPS (Diluted)
5-point trend, -6.1%
$0.31

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
EXTR
Peer Median

EXTR Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 14 analysts
  • Strong Buy 4 28.6%
  • Buy 8 57.1%
  • Hold 2 14.3%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

8 analysts · 2026-08-18
Median target $34.00 +47.3%
Mean target $33.50 +45.1%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.02%
Period EPS Actual EPS Est Surprise
Dec. 31, 2026 $0.32 $0.30 0.02%
June 30, 2026 $0.32 $0.30 0.02%
March 31, 2026 $0.26 $0.24 0.02%
Dec. 31, 2025 $0.26 $0.25 0.01%
Sept. 30, 2025 $0.22 $0.22 0.00%
June 30, 2025 $0.25 $0.23 0.02%
March 31, 2025 $0.21 $0.19 0.02%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
EXTR $4.25B 104.4 12.6% 3.3% 45.7% 61.5%
AAOI $2.61B -54.5 82.8% -8.4% -6.6% 30.0%
VSAT $6.25B -183.2 2.7% -0.73% -0.74%
VIAV $11.76B -366.4 40.0% -2.0% -2.7% 57.7%
ONDS $3.72B -15.7 605.3% -260.7% -57.0% 39.7%
DGII 33.8 1.5% 9.5% 6.6% 62.9%
NTCT $2.29B 24.5 4.5% 11.1% 5.9% 79.4%
VISN $3.91B 1.9 39.7% 118.2% -102.4% 49.5%
CALX $3.55B 203.6 20.3% 1.8% 2.2% 56.8%
ADTN $695M -16.7 17.5% -4.2% -28.9% 38.3%
CSCO $272.01B 26.9 5.3% 18.0% 22.0% 64.9%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 17
Annual Income Statement data for EXTR
Metric Trend 202620252024202320222021202020192018201720162015
Revenue 12-point trend, +132.1% $1.28B $1.14B $1.12B $1.31B $1.11B $1.01B $948M $996M $983M $607M $520M $553M
Cost of Revenue 12-point trend, +81.0% $494M $431M $486M $558M $482M $424M $430M $445M $449M $276M $254M $273M
Gross Profit 12-point trend, +182.1% $789M $709M $631M $755M $630M $585M $518M $551M $535M $331M $265M $280M
R&D Expense 12-point trend, +150.3% $234M $221M $212M $214M $191M $197M $210M $210M $184M $94M $79M $93M
SG&A Expense 12-point trend, +197.6% $125M $140M $100M $90M $69M $66M $61M $56M $51M $38M $38M $42M
Operating Expenses 12-point trend, +112.0% $726M $692M $696M $646M $566M $551M $617M $566M $573M $325M $295M $343M
Operating Income 12-point trend, +199.5% $63M $17M $-65M $108M $64M $34M $-99M $-15M $-38M $6M $-30M $-63M
Interest Expense 12-point trend, +333.7% $14M $16M $17M $17M $13M $23M $24M $13M $14M $4M $3M $3M
Other Non-op 12-point trend, -32.2% $-2M $-1M $133.0K $23.0K $383.0K $-2M $737.0K $-783.0K $3M $-47.0K $987.0K $-1M
Pretax Income 12-point trend, +177.0% $51M $4M $-77M $94M $52M $10M $-120M $-26M $-47M $3M $-32M $-67M
Income Tax 12-point trend, +94.6% $9M $12M $8M $16M $8M $8M $6M $-21.0K $145.0K $4M $4M $5M
Net Income 12-point trend, +158.8% $42M $-7M $-86M $78M $44M $2M $-127M $-26M $-47M $-2M $-36M $-72M
EPS (Basic) 12-point trend, +144.4% $0.32 $-0.06 $-0.66 $0.60 $0.34 $0.02 $-1.06 $-0.22 $-0.41 $-0.02 $-0.35 $-0.72
EPS (Diluted) 12-point trend, +143.1% $0.31 $-0.06 $-0.66 $0.58 $0.33 $0.02 $-1.06 $-0.22 $-0.41 $-0.02 $-0.35 $-0.72
Shares (Basic) 12-point trend, +34.1% 132,752,000 132,331,000 129,288,000 129,473,000 129,437,000 124,019,000 119,814,000 117,954,000 114,221,000 108,273,000 103,074,000 99,000,000
Shares (Diluted) 12-point trend, +36.3% 134,970,000 132,331,000 129,288,000 133,649,000 133,494,000 127,669,000 119,814,000 117,954,000 114,221,000 108,273,000 103,074,000 99,000,000
EBITDA 11-point trend, +345.4% $63M $17M $-65M $108M $64M $34M $-99M $-15M $-38M $-733.0K $-26M ·
Balance Sheet 28
Annual Balance Sheet data for EXTR
Metric Trend 202620252024202320222021202020192018201720162015
Cash & Equivalents 12-point trend, +177.8% $212M $232M $157M $235M $195M $247M $194M $170M $121M $130M $94M $76M
Short-term Investments 3-point trend, -10.0% · · · · · · · · · $4M $4M $5M
Receivables 12-point trend, +77.5% $165M $127M $90M $182M $184M $156M $123M $174M $212M $93M $81M $93M
Inventory 12-point trend, +20.6% $70M $103M $141M $89M $49M $33M $63M $64M $64M $47M $41M $58M
Prepaid Expense 12-point trend, +908.9% $103M $74M $80M $70M $61M $51M $35M $34M $30M $28M $12M $10M
Current Assets 12-point trend, +131.0% $550M $535M $467M $576M $489M $488M $414M $442M $428M $299M $229M $238M
PP&E (Net) 12-point trend, +45.7% $58M $44M $44M $46M $50M $55M $59M $74M $74M $30M $30M $40M
PP&E (Gross) 12-point trend, +181.4% $206M $199M $194M $191M $185M $179M $170M $163M $163M $80M $70M $73M
Accum. Depreciation 12-point trend, +342.7% $148M $154M $150M $144M $135M $124M $111M $90M $90M $50M $40M $34M
Goodwill 12-point trend, +461.2% $398M $400M $394M $395M $400M $331M $331M $139M $139M $80M $71M $71M
Intangibles 12-point trend, -94.1% $3M $7M $11M $16M $33M $36M $68M $51M $77M $25M $20M $52M
Other Non-current Assets 12-point trend, +415.9% $143M $129M $83M $74M $61M $63M $55M $52M $48M $25M $25M $28M
Total Assets 12-point trend, +174.8% $1.18B $1.15B $1.04B $1.14B $1.07B $1.01B $979M $757M $770M $460M $374M $429M
Accounts Payable 12-point trend, +122.7% $89M $64M $51M $100M $84M $60M $48M $66M $76M $32M $31M $40M
Current Liabilities 12-point trend, +151.7% $593M $588M $518M $576M $500M $456M $398M $356M $360M $213M $212M $235M
Capital Leases 7-point trend, -61.2% $20M $34M $41M $32M $33M $33M $50M · · · · ·
Deferred Tax 12-point trend, +148.5% $7M $7M $8M $8M $8M $4M $2M $2M $6M $7M $5M $3M
Other Non-current Liabilities 12-point trend, -69.9% $2M $3M $3M $3M $3M $15M $28M $54M $54M $9M $9M $7M
Long-term Debt 12-point trend, +146.7% $165M $180M $190M $225M $309M $347M $421M $180M $200M $94M $56M $67M
Total Debt 11-point trend, +195.0% $164M $178M $188M $222M $304M $340M $411M $179M $198M $93M $56M ·
Common Stock 12-point trend, +57.0% $157.0K $153.0K $149.0K $144.0K $140.0K $133.0K $127.0K $122.0K $116.0K $111.0K $105.0K $100.0K
Paid-in Capital · · · · · · · · · · · $865M
Retained Earnings 12-point trend, -19.4% $-907M $-949M $-942M $-856M $-934M $-978M $-980M $-853M $-828M $-781M $-792M $-760M
Treasury Stock 8-point trend, +2312.9% $362M $276M $238M $188M $88M $43M $43M $15M · · · ·
AOCI 12-point trend, -1140.2% $-16M $-8M $-15M $-13M $-3M $-3M $-6M $-2M $-2M $-2M $-3M $-1M
Stockholders' Equity 12-point trend, -15.0% $89M $66M $25M $117M $90M $54M $5M $116M $113M $126M $102M $104M
Liabilities + Equity 12-point trend, +174.8% $1.18B $1.15B $1.04B $1.14B $1.07B $1.01B $979M $757M $770M $460M $374M $429M
Shares Outstanding 12-point trend, +30.8% 131,216,000 132,064,000 130,284,000 127,775,000 129,263,000 126,682,000 120,517,000 119,172,000 116,123,000 110,925,000 104,943,000 100,284,000
Cash Flow 17
Annual Cash Flow data for EXTR
Metric Trend 202620252024202320222021202020192018201720162015
D&A · · · · · · · · · · · $13M
Stock-based Comp 12-point trend, +395.8% $88M $82M $77M $63M $43M $39M $38M $33M $28M $13M $15M $18M
Deferred Tax 12-point trend, -210.8% $-2M $-820.0K $80.0K $407.0K $682.0K $2M $2M $-6M $-5M $2M $2M $2M
Amort. of Intangibles 12-point trend, -90.4% $2M $2M $2M $2M $3M $6M $8M $6M $9M $9M $17M $18M
Restructuring 11-point trend, -86.8% $1M $2M $36M · $12.0K $2M $15M $6M $8M $10M $12M $10M
Operating Cash Flow 12-point trend, +229.2% $123M $152M $55M $249M $128M $145M $36M $105M $19M $59M $30M $37M
CapEx 12-point trend, +287.8% $28M $25M $18M $14M $15M $17M $15M $23M $40M $10M $5M $7M
Investing Cash Flow 12-point trend, -229.4% $-28M $-25M $-18M $-14M $-85M $-17M $-189M $-22M $-132M $-72M $-5M $22M
Net Debt Issued 4-point trend, +24.6% · · · · · · · $-20M $-194M $-10M $-26M ·
Stock Issued 7-point trend, +103.6% · · · · · $5M $9M $11M $3M $12M $5M $2M
Stock Repurchased 8-point trend, +87000000.00 $87M $38M $50M $100M $45M · $30M $15M · · · $0
Net Stock Activity 11-point trend, -1976.2% $-87M $-38M $-50M $-100M $-45M $5M $-21M $-4M $3M $12M $5M ·
Financing Cash Flow 12-point trend, -118.2% $-114M $-53M $-115M $-195M $-95M $-75M $178M $-34M $105M $49M $-7M $-52M
Net Change in Cash 12-point trend, -758.6% $-20M $75M $-78M $40M $-52M $53M $24M $48M $-9M $36M $18M $3M
Taxes Paid 12-point trend, +692.0% $13M $4M $16M $12M $8M $4M $5M $6M $4M $3M $2M $2M
Free Cash Flow 11-point trend, +280.4% $95M $127M $37M $235M $113M $127M $21M $82M $-21M $49M $25M ·
Levered FCF 11-point trend, +291.4% $84M $155M $19M $221M $102M $123M $-4M $70M $-35M $41M $21M ·
Profitability 8
Annual Profitability data for EXTR
Metric Trend 202620252024202320222021202020192018201720162015
Gross Margin 11-point trend, +20.0% 61.5% 62.2% 56.5% 57.5% 56.6% 58.0% 54.6% 55.4% 54.4% 54.2% 51.2% ·
Operating Margin 11-point trend, +200.8% 4.9% 1.5% -5.8% 8.2% 5.8% 3.4% -10.4% -1.5% -3.9% -0.12% -4.8% ·
Net Margin 11-point trend, +154.4% 3.3% -0.65% -7.7% 5.9% 4.0% 0.19% -13.4% -2.6% -4.8% -1.4% -6.0% ·
Pretax Margin 11-point trend, +177.0% 4.0% 0.37% -6.9% 7.2% 4.7% 1.0% -12.7% -2.6% -4.7% -0.70% -5.2% ·
EBITDA Margin 11-point trend, +200.8% 4.9% 1.5% -5.8% 8.2% 5.8% 3.4% -10.4% -1.5% -3.9% -0.12% -4.8% ·
ROA 11-point trend, +145.5% 3.6% -0.68% -7.9% 7.1% 4.3% 0.19% -14.6% -3.4% -7.6% -2.0% -7.9% ·
ROE 11-point trend, +239.2% 45.7% -12.8% -190.5% 71.0% 46.7% 4.3% -1163.8% -21.4% -41.5% -8.2% -32.8% ·
ROIC 11-point trend, +200.1% 20.3% -12.2% -34.0% 26.5% 13.8% 1.7% -25.0% -5.0% -12.3% -0.75% -20.3% ·
Liquidity & Solvency 5
Annual Liquidity & Solvency data for EXTR
Metric Trend 202620252024202320222021202020192018201720162015
Current Ratio 11-point trend, -14.2% 0.9 0.9 0.9 1.0 1.0 1.1 1.0 1.2 1.2 1.3 1.1 ·
Quick Ratio 11-point trend, -25.2% 0.6 0.6 0.5 0.7 0.8 0.9 0.8 1.0 0.9 1.0 0.8 ·
Debt / Equity 11-point trend, +200.4% 1.8 2.7 7.4 1.9 3.4 6.2 76.2 1.5 1.8 0.9 0.6 ·
LT Debt / Equity 11-point trend, +290.7% 1.6 2.5 7.1 1.6 3.0 5.8 73.1 1.5 1.7 0.8 0.4 ·
Interest Coverage 11-point trend, +155.2% 4.5 1.1 -3.8 6.2 5.0 1.5 -4.2 -1.2 -2.7 -0.2 -8.2 ·
Efficiency 3
Annual Efficiency data for EXTR
Metric Trend 202620252024202320222021202020192018201720162015
Asset Turnover 11-point trend, -16.3% 1.1 1.0 1.0 1.2 1.1 1.0 1.1 1.3 1.6 1.4 1.3 ·
Inventory Turnover 11-point trend, +10.1% 5.7 3.5 4.2 8.1 11.7 8.9 6.8 7.0 8.1 6.3 5.2 ·
Receivables Turnover 11-point trend, +45.2% 8.8 10.5 8.2 7.2 6.5 7.2 6.4 5.1 6.4 5.9 6.1 ·
Per Share 5
Annual Per Share data for EXTR
Metric Trend 202620252024202320222021202020192018201720162015
Book Value / Share 11-point trend, -21.5% $0.68 $0.50 $0.19 $0.91 $0.70 $0.43 $0.04 $0.97 $0.97 $0.96 $0.86 ·
Revenue / Share 10-point trend, +85.5% $9.51 $8.62 $8.64 $9.82 $8.33 $7.91 · $8.44 $8.61 $5.52 $5.13 ·
Cash Flow / Share 10-point trend, +209.8% $0.91 $1.15 $0.43 $1.86 $0.96 $1.13 · $0.89 $0.17 $0.55 $0.29 ·
Cash / Share 11-point trend, +79.9% $1.61 $1.75 $1.20 $1.84 $1.50 $1.95 $1.61 $1.42 $1.04 $1.18 $0.90 ·
EPS (TTM) 12-point trend, +143.1% $0.31 $-0.06 $-0.66 $0.58 $0.33 $0.02 $-1.06 $-0.22 $-0.41 $-0.02 $-0.35 $-0.72
Growth Rates 9
Annual Growth Rates data for EXTR
Metric Trend 202620252024202320222021202020192018201720162015
Revenue YoY 6-point trend, +94.3% 12.6% 2.1% -14.9% 18.0% 10.2% 6.5% · · · · · ·
Revenue CAGR 3Y 4-point trend, -106.5% -0.74% 0.82% 3.4% 11.5% · · · · · · · ·
Revenue CAGR 5Y 2-point trend, +30.9% 4.9% 3.8% · · · · · · · · · ·
EPS YoY 2-point trend, -95.1% · · · 75.8% 1550.0% · · · · · · ·
EPS CAGR 3Y -18.9% · · · · · · · · · · ·
EPS CAGR 5Y 73.0% · · · · · · · · · · ·
Net Income YoY 2-point trend, -96.5% · · · 76.3% 2186.7% · · · · · · ·
Net Income CAGR 3Y -18.6% · · · · · · · · · · ·
Net Income CAGR 5Y 85.2% · · · · · · · · · · ·
Valuation (TTM) 13
Annual Valuation (TTM) data for EXTR
Metric Trend 202620252024202320222021202020192018201720162015
Revenue TTM 12-point trend, +132.1% $1.28B $1.14B $1.12B $1.31B $1.11B $1.01B $948M $996M $983M $607M $520M $553M
Net Income TTM 12-point trend, +158.8% $42M $-7M $-86M $78M $44M $2M $-127M $-26M $-47M $-2M $-36M $-72M
Market Cap 11-point trend, +1093.9% $4.25B $2.37B $1.75B $3.33B $1.15B $1.41B $523M $771M $924M $1.02B $356M ·
Enterprise Value 11-point trend, +1242.3% $4.20B $2.32B $1.78B $3.32B $1.26B $1.51B $740M $780M $1.00B $981M $313M ·
P/E 12-point trend, +2894.9% 104.4 -299.2 -20.4 44.9 27.0 558.0 -4.1 -29.4 -19.4 -461.0 -9.7 -3.7
P/S 11-point trend, +383.5% 3.3 2.1 1.6 2.5 1.0 1.4 0.6 0.8 0.9 1.7 0.7 ·
P/B 11-point trend, +1115.6% 47.9 36.1 69.3 28.5 12.8 26.0 96.9 6.6 8.2 9.6 3.9 ·
P / Cash Flow 11-point trend, +194.3% 34.5 15.6 31.6 13.4 9.0 9.8 14.6 7.3 48.5 17.3 11.7 ·
P / FCF 11-point trend, +213.9% 44.6 18.6 46.9 14.1 10.2 11.1 25.4 9.4 -43.3 20.9 14.2 ·
EV / EBITDA 11-point trend, +647.0% 67.0 136.7 -27.3 30.6 19.7 43.8 -7.5 -53.0 -26.2 -1337.9 -12.2 ·
EV / FCF 11-point trend, +252.9% 44.1 18.2 47.7 14.1 11.2 11.8 35.9 9.5 -46.8 20.1 12.5 ·
EV / Revenue 11-point trend, +443.6% 3.3 2.0 1.6 2.5 1.1 1.5 0.8 0.8 1.0 1.6 0.6 ·
Earnings Yield 12-point trend, +103.6% 0.96% -0.33% -4.9% 2.2% 3.7% 0.18% -24.4% -3.4% -5.1% -0.22% -10.3% -26.8%

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2026-06-302025-06-302024-06-302023-06-302022-06-30
Revenue $1.28B$1.14B$1.12B$1.31B$1.11B
Gross Margin % 61.5%62.2%56.5%57.5%56.6%
Operating Margin % 4.9%1.5%-5.8%8.2%5.8%
Net Income $42M$-7M$-86M$78M$44M
Diluted EPS $0.31$-0.06$-0.66$0.58$0.33
Balance Sheet
2026-06-302025-06-302024-06-302023-06-302022-06-30
Debt / Equity 1.82.77.41.93.4
Current Ratio 0.90.90.91.01.0
Quick Ratio 0.60.60.50.70.8
Cash Flow
2026-06-302025-06-302024-06-302023-06-302022-06-30
Free Cash Flow $95M$127M$37M$235M$113M

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Institutional owners (13F) 361 filers · $2.4B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
83 (+28 vs prior Q) 30 (-18 vs prior Q) 98 (-18 vs prior Q) 122 (+37 vs prior Q) +39K

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD PORTFOLIO MANAGEMENT LLC $415,674,726 12,841,357 17.08% Shares
STATE STREET CORP $198,578,281 6,137,138 8.16% Shares
VANGUARD CAPITAL MANAGEMENT LLC $183,891,316 5,680,918 7.56% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $108,711,926 3,358,416 4.47% Shares
GEODE CAPITAL MANAGEMENT, LLC $94,714,925 2,925,418 3.89% Shares
AMERICAN CENTURY COMPANIES INC $80,332,386 2,481,691 3.30% Shares
LOOMIS SAYLES & CO L P $68,281,537 2,109,408 2.81% Shares
GOLDMAN SACHS GROUP INC $66,035,933 2,040,035 2.71% Shares
RENAISSANCE TECHNOLOGIES LLC $60,291,715 1,862,580 2.48% Shares
FMR LLC $56,544,337 1,746,813 2.32% Shares
AMERIPRISE FINANCIAL INC $54,957,980 1,697,852 2.26% Shares
SOUTHERNSUN ASSET MANAGEMENT, LLC $54,558,016 1,685,450 2.24% Shares
Shannon River Fund Management LLC $46,097,955 1,424,095 1.89% Shares
Trigran Investments, Inc. $44,881,555 1,386,517 1.84% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $44,678,369 1,380,240 1.84% Shares
PANAGORA ASSET MANAGEMENT INC $33,388,846 1,031,475 1.37% Shares
MILLENNIUM MANAGEMENT LLC $33,305,202 1,028,891 1.37% Shares
VANGUARD FIDUCIARY TRUST CO $30,072,960 929,038 1.24% Shares
VICTORY CAPITAL MANAGEMENT INC $27,443,383 847,803 1.13% Shares
TWO SIGMA INVESTMENTS, LP $26,302,341 812,553 1.08% Shares
BNP PARIBAS FINANCIAL MARKETS $24,142,873 745,841 0.99% Shares
Connor, Clark & Lunn Investment Management Ltd. $21,753,255 672,019 0.89% Shares
ALLIANCEBERNSTEIN L.P. $21,569,075 1,430,310 0.89% Shares
PRINCIPAL FINANCIAL GROUP INC $20,911,798 646,024 0.86% Shares
GLENMEDE TRUST CO NA $19,905,640 614,941 0.82% Shares
Impax Asset Management Group plc $19,217,357 593,678 0.79% Shares
LYELL WEALTH MANAGEMENT, LP $18,850,508 582,345 0.77% Shares
Defiance ETFs, LLC $18,697,016 594,878 0.77% Shares
SEB Asset Management AB $15,422,398 476,442 0.63% Shares
VANGUARD GROUP INC $15,163,838 910,741 0.62% Shares
BANK OF AMERICA CORP /DE/ $14,951,024 461,879 0.61% Shares
RAYMOND JAMES FINANCIAL INC $14,702,583 454,204 0.60% Shares
Public Sector Pension Investment Board $14,542,449 449,257 0.60% Shares
Mirador Capital Partners LP $13,427,853 414,824 0.55% Shares
PEREGRINE CAPITAL MANAGEMENT LLC $12,178,565 376,230 0.50% Shares
Bank of New York Mellon Corp $12,033,127 371,737 0.49% Shares
Hillsdale Investment Management Inc. $10,968,250 338,840 0.45% Shares
Focus Partners Wealth $10,507,977 324,620 0.43% Shares
PRUDENTIAL FINANCIAL INC $10,343,607 319,543 0.43% Shares
RHUMBLINE ADVISERS $10,124,113 312,763 0.42% Shares
Clearbridge Investments, LLC $9,911,340 306,189 0.41% Shares
STATE OF WISCONSIN INVESTMENT BOARD $9,488,068 293,113 0.39% Shares
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND $9,354,930 289,000 0.38% Shares
LAZARD ASSET MANAGEMENT LLC $9,192,303 283,976 0.38% Shares
Swiss National Bank $8,503,599 262,700 0.35% Shares
Trexquant Investment LP $8,258,040 255,114 0.34% Shares
JANE STREET GROUP, LLC $7,975,321 246,380 0.33% Shares
MACKENZIE FINANCIAL CORP $7,819,006 241,551 0.32% Shares
BARCLAYS PLC $7,702,798 237,961 0.32% Shares
TUDOR INVESTMENT CORP ET AL $7,661,299 236,679 0.31% Shares
Boston Partners $7,427,560 229,458 0.31% Shares
OP Asset Management Ltd $7,374,857 227,830 0.30% Shares
Circumference Group LLC $7,286,487 225,100 0.30% Shares
BROOKTREE CAPITAL MANAGEMENT $7,239,097 223,636 0.30% Shares
Capital Advantage, Inc. $7,099,000 219,308 0.29% Shares
D. E. Shaw & Co., Inc. $7,055,365 217,960 0.29% Shares
Edgestream Partners, L.P. $6,696,997 206,889 0.28% Shares
Legal & General Group Plc $6,482,805 200,272 0.27% Shares
BlackRock, Inc. $6,389,644 197,394 0.26% Shares
Lisanti Capital Growth, LLC $5,926,785 183,095 0.24% Shares
PARADIGM CAPITAL MANAGEMENT INC/NY $5,826,600 180,000 0.24% Shares
INTECH INVESTMENT MANAGEMENT LLC $5,819,705 179,787 0.24% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $5,713,305 176,500 0.23% Call option
ICON ADVISERS INC/CO $5,502,900 170,000 0.23% Shares
Engineers Gate Manager LP $5,309,489 164,025 0.22% Shares
IRONWOOD INVESTMENT MANAGEMENT LLC $5,239,182 161,853 0.22% Shares
CITADEL ADVISORS LLC $4,856,503 150,031 0.20% Shares
CAPITAL FUND MANAGEMENT S.A. $4,813,192 148,693 0.20% Shares
Ballast Asset Management, LP $4,477,677 138,328 0.18% Shares
SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC $4,406,560 136,131 0.18% Shares
VANGUARD ASSET MANAGEMENT, Ltd $4,399,536 135,914 0.18% Shares
D.A. DAVIDSON & CO. $4,143,360 128,000 0.17% Shares
Numerai GP LLC $4,111,799 127,025 0.17% Shares
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. $3,963,000 122,433 0.16% Shares
Torrey Growth & Income Advisors $3,765,847 116,015 0.15% Shares
CenterBook Partners LP $3,299,701 101,937 0.14% Shares
Madison Asset Management, LLC $3,036,209 93,797 0.12% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $2,954,604 91,276 0.12% Shares
Brevan Howard Capital Management LP $2,932,269 90,586 0.12% Shares
OPPENHEIMER ASSET MANAGEMENT INC. $2,930,650 90,536 0.12% Shares
LPL Financial LLC $2,780,470 85,897 0.11% Shares
Penbrook Management LLC $2,719,889 84,025 0.11% Shares
CITADEL ADVISORS LLC $2,647,866 81,800 0.11% Call option
LOS ANGELES CAPITAL MANAGEMENT LLC $2,603,228 80,421 0.11% Shares
CASTLEARK MANAGEMENT LLC $2,493,785 77,040 0.10% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $2,450,500 162,500 0.10% Shares
MetLife Investment Management, LLC $2,448,532 75,642 0.10% Shares
MORGAN STANLEY $2,437,040 75,287 0.10% Shares
ENVESTNET ASSET MANAGEMENT INC $2,374,340 73,350 0.10% Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE $2,329,313 71,959 0.10% Shares
Amundi $2,248,161 69,452 0.09% Shares
Toroso Investments, LLC $2,221,443 133,420 0.09% Shares
Illinois Municipal Retirement Fund $2,129,299 65,780 0.09% Shares
DIVERSIFIED TRUST CO $2,109,747 65,176 0.09% Shares
SIRIOS CAPITAL MANAGEMENT L P $2,109,164 65,158 0.09% Shares
Zurcher Kantonalbank (Zurich Cantonalbank) $2,101,040 64,907 0.09% Shares
Smith Group Asset Management, LLC $2,071,680 64,000 0.09% Shares
State of Tennessee, Department of Treasury $2,008,883 62,060 0.08% Shares
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $1,937,150 59,844 0.08% Shares
Louisiana State Employees Retirement System $1,854,801 57,300 0.08% Shares

Company insiders 56 insiders · 27 officers · 14 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Edward Meyercord PRESIDENT AND CEO Aug. 15, 2026 A 1,810,097 0 5 $-5,916,776
Juan Oscar Rodriguez President and CEO Nov. 2, 2012 A 641,631 0 0 $0
Mark A Canepa President and CEO Aug. 15, 2009 F 75,314 0 0 $0
Kevin R Rhodes EVP Chief Financial Officer Aug. 15, 2026 A 218,628 0 1 $-1,065,050
Remi Thomas EVP Chief Financial Officer Nov. 26, 2018 A 0 0 $0
Benjamin Drew Davies EVP Chief Financial Officer Sept. 1, 2018 M 141,557 0 0 $0
Kenneth Arola EVP Chief Financial Officer June 2, 2016 F 187,813 0 0 $0
John T Kurtzweil CHIEF FINANCIAL OFFICER May 15, 2014 P 102,000 0 0 $0
James T Judson Interim CFO Sept. 28, 2012 M 100,000 0 0 $0
Katayoun Motiey Chief Legal Admin Sust Officer Aug. 15, 2026 A 155,225 0 4 $-1,560,900
Robert J Gault EVP Worldwide Sales Services a Feb. 23, 2019 M 212,620 0 0 $0
Matthew Howard Cleaver VP OF FP AND A Nov. 16, 2018 A 12,847 0 0 $0
Frank Blohm EVP Operations Feb. 1, 2016 F 93,290 0 0 $0
Eric Broockman CTO and EVP Engineering Jan. 27, 2016 S 103,006 0 0 $0
Norman J. Rice EVP Marketing and Corporate De Jan. 21, 2016 F 138,633 0 0 $0
Kelley Steven-Waiss EVP Chief HR Officer Jan. 21, 2016 F 117,473 0 0 $0
Eileen Brooker EVP Global Alliances & Strateg Dec. 14, 2015 F 113,093 0 0 $0
Allison Amadia EVP General Counsel and Corpor Sept. 11, 2015 S 107,878 0 0 $0
Edward Carney EVP PRODUCT SUCCESS Feb. 7, 2015 D 107,774 0 0 $0
Jeffrey Michael White CHIEF REVENUE OFFICER Oct. 30, 2014 A 100,000 0 0 $0
Gavin Cato VP Engineering June 20, 2013 D 41,100 0 0 $0
David A Ginsburg VP Sr Marketing May 3, 2013 S 57,666 0 0 $0
Diane Honda VP General Counsel & Corp Sec Dec. 11, 2012 M 83,677 0 0 $0
Marilyn Ann Gigoux VP Sr Human Resources Nov. 21, 2012 M 29,029 0 0 $0
Margaret Echerd VP Corporate Controller- Nov. 2, 2012 A 26,368 0 0 $0
Justin Dimacchia VP Corporate Controller Aug. 22, 2011 S 31,304 0 0 $0
Michael Seaton VP WW Sales & Service Aug. 17, 2011 S 77,042 0 0 $0
Maryam Alexandrian-Adams Director Nov. 8, 2018 M 11,491 0 0 $0
Kathleen M Holmgren Director Nov. 8, 2018 A 77,793 0 0 $0
John C Shoemaker Director Nov. 8, 2018 A 351,879 0 0 $0
Edward H Kennedy Director Nov. 8, 2018 A 370,379 0 0 $0
Charles Carinalli Director Nov. 9, 2017 A 391,353 0 0 $0
John H Kispert Director Dec. 13, 2016 M 143,083 0 0 $0
Feigin Randi Paikoff Director Nov. 12, 2014 A 52,015 0 0 $0
Maury Austin Director May 16, 2014 P 107,086 0 0 $0
Harry Silverglide Director May 6, 2013 S 52,863 0 0 $0
Edward Terino Director Nov. 27, 2012 A 134,869 0 0 $0
Kenneth Levy Director Aug. 5, 2011 A 60,000 0 0 $0
Michael W West Director July 30, 2007 A 5,000 0 0 $0
HAQUE PROMOD Director Dec. 3, 2003 A 0 0 $0
Raj Khanna Aug. 10, 2026 S 195,062 0 1 $-363,000
Charles W Berger May 14, 2015 D 151,910 0 0 $0
Nancy Jane Shemwell Sept. 24, 2013 D 111,388 0 0 $0
Gordon Stitt Dec. 14, 2011 S 3,488,733 0 0 $0
Paul Hooper Feb. 11, 2010 A 90,950 0 0 $0
Helmut Wilke Feb. 11, 2010 A 52,500 0 0 $0
Bob L Corey Feb. 11, 2010 A 194,500 0 0 $0
Karen M Rogge Nov. 5, 2008 A 0 0 $0
Alexander Gray Oct. 26, 2007 A 62,340 0 0 $0
William R Slakey Aug. 4, 2006 F 24,638 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 4 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Extreme Networks, Inc., Clover Merger Sub, Inc. July 8, 2019 Initial filing M&A / sale SEC
STARBOARD VALUE AND OPPORTUNITY MASTER FUND LTD, STARBOARD VALUE AND OPPORTUNITY S LLC, STARBOARD VALUE LP, STARBOARD VALUE GP LLC, STARBOARD PRINCIPAL CO LP, STARBOARD PRINCIPAL CO GP LLC, JEFFREY C. SMITH, MARK MITCHELL, PETER A. FELD ×6 filings Aug. 2, 2013 Initial filing SEC
STARBOARD VALUE AND OPPORTUNITY FUND LTD, STARBOARD VALUE AND OPPORTUNITY S LLC, STARBOARD VALUE LP, STARBOARD VALUE GP LLC, STARBOARD PRINCIPAL CO LP, STARBOARD PRINCIPAL CO GP LLC, JEFFREY C. SMITH, MARK MITCHELL, PETER A. FELD ×2 filings May 20, 2011 Initial filing SEC
RAMIUS VALUE AND OPPORTUNITY MASTER FUND LTD, RAMIUS OPTIMUM INVESTMENTS LLC, RAMIUS NAVIGATION MASTER FUND LTD, COWEN OVERSEAS INVESTMENT LP, RAMIUS ENTERPRISE MASTER FUND LTD, RAMIUS ADVISORS, LLC, RAMIUS VALUE AND OPPORTUNITY ADVISORS LLC, RAMIUS LLC, COWEN GROUP, INC., RCG HOLDINGS LLC, C4S & CO., L.L.C., PETER A. COHEN, MORGAN B. STARK, JEFFREY M. SOLOMON, THOMAS W. STRAUSS ×6 filings Feb. 14, 2011 Initial filing SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 65 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
ALIL · EA Series Trust 2.36% 22,753 NS May 29, 2026 N-PORT
SCOW · Pacer Funds Trust 1.35% 945 NS April 30, 2026 N-PORT
GSC · Goldman Sachs ETF Trust 0.85% 80,847 NS May 31, 2026 N-PORT
HAPS · Harbor ETF Trust 0.38% 26,796 NS April 30, 2026 N-PORT
JPSE · J.P. Morgan Exchange-Traded Fund Tr… 0.29% 77,903 NS April 30, 2026 N-PORT
GSSC · Goldman Sachs ETF Trust 0.25% 92,686 NS May 31, 2026 N-PORT
FSCC · Federated Hermes ETF Trust 0.22% 22,843 NS May 31, 2026 N-PORT
SAA · ProShares Trust 0.16% 1,606 NS May 31, 2026 N-PORT
BBSC · J.P. Morgan Exchange-Traded Fund Tr… 0.15% 51,302 NS April 30, 2026 N-PORT
SMDX · Tidal Trust III 0.15% 8,255 NS April 30, 2026 N-PORT
BKSE · BNY Mellon ETF Trust 0.13% 4,906 NS April 30, 2026 N-PORT
AVSC · AMERICAN CENTURY ETF TRUST 0.13% 133,666 NS May 31, 2026 N-PORT
GINN · Goldman Sachs ETF Trust 0.10% 7,832 NS May 31, 2026 N-PORT
RSSL · Global X Funds 0.09% 57,869 NS April 30, 2026 N-PORT
ITWO · ProShares Trust 0.09% 6,285 NS May 31, 2026 N-PORT
SCHA · SCHWAB STRATEGIC TRUST 0.08% 644,176 NS May 31, 2026 N-PORT
TRFK · Pacer Funds Trust 0.06% 17,718 NS April 30, 2026 N-PORT
UWM · ProShares Trust 0.05% 4,915 NS May 31, 2026 N-PORT
FTEC · FIDELITY COVINGTON TRUST 0.05% 414,485 NS April 30, 2026 N-PORT
URTY · ProShares Trust 0.04% 4,969 NS May 31, 2026 N-PORT
XAIX · DBX ETF Trust 0.03% 1,582 NS May 31, 2026 N-PORT
MSSM · MORGAN STANLEY PATHWAY FUNDS 0.02% 5,520 NS May 31, 2026 N-PORT
HDG · ProShares Trust 0.02% 125 NS May 31, 2026 N-PORT
ONEQ · Fidelity Commonwealth Trust 0.01% 51,352 NS May 31, 2026 N-PORT
TILT · FlexShares Trust 0.01% 8,922 NS April 30, 2026 N-PORT
AVSU · AMERICAN CENTURY ETF TRUST 0.01% 1,581 NS May 31, 2026 N-PORT
SCHB · SCHWAB STRATEGIC TRUST 0.01% 86,259 NS May 31, 2026 N-PORT
AVUS · AMERICAN CENTURY ETF TRUST 0.00% 19,110 NS May 31, 2026 N-PORT
EBI · RBB Fund Trust 0.00% 12 NS May 31, 2026 N-PORT
VXF · VANGUARD INDEX FUNDS July 15, 2026 Daily
VB · VANGUARD INDEX FUNDS July 15, 2026 Daily
VBK · VANGUARD INDEX FUNDS July 15, 2026 Daily
VTI · VANGUARD INDEX FUNDS July 15, 2026 Daily
VFQY · VANGUARD WELLINGTON FUND July 30, 2026 Daily
VFMF · VANGUARD WELLINGTON FUND July 30, 2026 Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX… July 15, 2026 Daily
VIOO · VANGUARD ADMIRAL FUNDS July 15, 2026 Daily
VIOG · VANGUARD ADMIRAL FUNDS July 30, 2026 Daily
VIOV · VANGUARD ADMIRAL FUNDS July 15, 2026 Daily
VTWO · VANGUARD SCOTTSDALE FUNDS July 15, 2026 Daily
VTWG · VANGUARD SCOTTSDALE FUNDS July 15, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS July 15, 2026 Daily
IJR · iShares Trust Aug. 10, 2026 Daily
IJT · iShares Trust Aug. 17, 2026 Daily
IJS · iShares Trust Aug. 10, 2026 Daily
ITOT · iShares Trust Aug. 5, 2026 Daily
IWV · iShares Trust Aug. 18, 2026 Daily
IWO · iShares Trust Aug. 18, 2026 Daily
IWM · iShares Trust Aug. 18, 2026 Daily
IGM · iShares Trust Aug. 17, 2026 Daily