Extreme Networks, Inc.

NasdaqGS:EXTR Stock Report

Market Cap: US$2.1b

Extreme Networks Valuation

Is EXTR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of EXTR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: EXTR ($15.33) is trading above our estimate of fair value ($12.35)

Significantly Below Fair Value: EXTR is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for EXTR?

Key metric: As EXTR is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for EXTR. This is calculated by dividing EXTR's market cap by their current revenue.
What is EXTR's PS Ratio?
PS Ratio2x
SalesUS$1.03b
Market CapUS$2.06b

Price to Sales Ratio vs Peers

How does EXTR's PS Ratio compare to its peers?

The above table shows the PS ratio for EXTR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.9x
CALX Calix
2.2x4.4%US$1.9b
INFN Infinera
1.1x9.7%US$1.6b
VIAV Viavi Solutions
2.2x5.9%US$2.2b
HLIT Harmonic
2.2x9.4%US$1.4b
EXTR Extreme Networks
2x8.7%US$2.1b

Price-To-Sales vs Peers: EXTR is expensive based on its Price-To-Sales Ratio (2x) compared to the peer average (1.9x).

Price to Sales Ratio vs Industry

How does EXTR's PS Ratio compare vs other companies in the US Communications Industry?

13 CompaniesPrice / SalesEstimated GrowthMarket Cap
VSAT Viasat
0.2x1.8%US$950.12m
COMM CommScope Holding Company
0.2x-0.08%US$895.90m
TESS TESSCO Technologies
0.2xn/aUS$83.30m
CMTL Comtech Telecommunications
0.1x4.3%US$75.05m
EXTR 2.0xIndustry Avg. 1.0xNo. of Companies13PS012345+
13 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: EXTR is expensive based on its Price-To-Sales Ratio (2x) compared to the US Communications industry average (1x).

Price to Sales Ratio vs Fair Ratio

What is EXTR's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

EXTR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2x
Fair PS Ratio2.9x

Price-To-Sales vs Fair Ratio: EXTR is good value based on its Price-To-Sales Ratio (2x) compared to the estimated Fair Price-To-Sales Ratio (2.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst EXTR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$15.33
US$19.33
+26.1%
13.8%US$22.50US$15.00n/a6
Nov ’25US$15.09
US$19.33
+28.1%
13.8%US$22.50US$15.00n/a6
Oct ’25US$14.77
US$15.25
+3.2%
13.1%US$18.00US$13.00n/a6
Sep ’25US$15.75
US$15.25
-3.2%
13.1%US$18.00US$13.00n/a6
Aug ’25US$13.53
US$14.75
+9.0%
10.7%US$17.00US$13.00n/a6
Jul ’25US$13.13
US$14.75
+12.3%
10.7%US$17.00US$13.00n/a6
Jun ’25US$11.15
US$14.75
+32.3%
10.7%US$17.00US$13.00n/a6
May ’25US$11.45
US$14.58
+27.4%
7.5%US$16.50US$13.00n/a6
Apr ’25US$11.50
US$14.58
+26.8%
7.5%US$16.50US$13.00n/a6
Mar ’25US$12.46
US$14.58
+17.0%
7.5%US$16.50US$13.00n/a6
Feb ’25US$13.22
US$14.58
+10.3%
7.5%US$16.50US$13.00n/a6
Jan ’25US$17.64
US$22.14
+25.5%
13.5%US$28.00US$19.00n/a7
Dec ’24US$16.38
US$22.14
+35.2%
13.5%US$28.00US$19.00n/a7
Nov ’24US$17.86
US$27.29
+52.8%
19.2%US$36.00US$19.00US$15.097
Oct ’24US$24.21
US$32.88
+35.8%
8.0%US$36.00US$29.00US$14.778
Sep ’24US$27.14
US$33.29
+22.6%
7.7%US$36.00US$29.00US$15.757
Aug ’24US$27.85
US$26.86
-3.6%
19.3%US$35.00US$17.50US$13.537
Jul ’24US$26.05
US$26.86
+3.1%
19.3%US$35.00US$17.50US$13.137
Jun ’24US$20.85
US$22.00
+5.5%
11.4%US$25.00US$17.50US$11.156
May ’24US$17.44
US$22.00
+26.1%
11.4%US$25.00US$17.50US$11.456
Apr ’24US$19.12
US$21.93
+14.7%
9.2%US$24.00US$18.00US$11.507
Mar ’24US$18.27
US$21.93
+20.0%
9.2%US$24.00US$18.00US$12.467
Feb ’24US$18.22
US$21.93
+20.4%
9.2%US$24.00US$18.00US$13.227
Jan ’24US$18.31
US$21.00
+14.7%
8.8%US$23.00US$18.00US$17.647
Dec ’23US$20.00
US$21.00
+5.0%
8.8%US$23.00US$18.00US$16.387
Nov ’23US$18.26
US$21.00
+15.0%
8.8%US$23.00US$18.00US$17.867

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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