EXTR

Extreme Networks, Inc.

Technology · $2.7B market cap

Share price

$23.12

close of Oct 3, 2026

Fair value

$6.37

Sticker Price

Payback Price

$2.55

buy price

Overpriced

EXTR is Overpriced: at $23.12 it trades 263% above its fair value of $6.37. Its buy price (Payback Price) is $2.55, 89% below today's price. Business quality is mixed: 2 of 5 key numbers clear the 10% bar.

How we valued it

Buffett Normalized. A profitable, growing business, so we project its earnings 10 years ahead and work out what that is worth today.

Business quality

2 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth11.8% a year✓

Equity per share growth-7.1% a year✗

Sales growth9.1% a year✗

Free cash flow growth19.6% a year✓

Return on invested capital-0.8%✗

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Superinvestors

2 of the investors we track hold EXTR. In Q2 2026, 1 opened a position and 1 added. Who we track

First Eagle Investment Management

First Eagle Investment Management · as of Q2 2026

$18.9M

582,916 shares

Lee Ainslie

Maverick Capital · as of Q2 2026

$466K

14,383 shares

Moves in Q2 2026

New position: Lee Ainslie

Added: First Eagle Investment Management

Insider activity

Since Jul 1, 2026: no open-market purchases, 6 sales worth $5.0M and 33 other filings (stock awards, tax withholding and similar). Why purchases matter

Sales

MEYERCORD EDWARD

PRESIDENT AND CEO · 2026-09-01

Sold

$1.1M

RHODES KEVIN R

EVP Chief Financial Officer · 2026-08-21

Sold

$487K

Khanna Raj

director · 2026-08-10

Sold

$363K

MEYERCORD EDWARD

PRESIDENT AND CEO · 2026-08-03

Sold

$757K

MEYERCORD EDWARD

PRESIDENT AND CEO · 2026-08-03

Sold

$732K

Show all 6 sales

MEYERCORD EDWARD

PRESIDENT AND CEO · 2026-07-01

Sold

$1.6M

Other filings

MEYERCORD EDWARD

PRESIDENT AND CEO · 2026-08-16

Tax withholding

$1.1M

MEYERCORD EDWARD

PRESIDENT AND CEO · 2026-08-16

Award

115,522 shares

MEYERCORD EDWARD

PRESIDENT AND CEO · 2026-08-16

Tax withholding

$942K

MEYERCORD EDWARD

PRESIDENT AND CEO · 2026-08-16

Award

98,039 shares

MOTIEY KATAYOUN

Chief Legal Admin Sust Officer · 2026-08-16

Tax withholding

$271K

Show all 33 other filings

MOTIEY KATAYOUN

Chief Legal Admin Sust Officer · 2026-08-16

Tax withholding

$225K

MOTIEY KATAYOUN

Chief Legal Admin Sust Officer · 2026-08-16

Award

22,431 shares

MOTIEY KATAYOUN

Chief Legal Admin Sust Officer · 2026-08-16

Award

18,593 shares

RHODES KEVIN R

EVP Chief Financial Officer · 2026-08-16

Tax withholding

$425K

RHODES KEVIN R

EVP Chief Financial Officer · 2026-08-16

Award

39,255 shares

RHODES KEVIN R

EVP Chief Financial Officer · 2026-08-16

Tax withholding

$389K

RHODES KEVIN R

EVP Chief Financial Officer · 2026-08-16

Award

35,919 shares

MEYERCORD EDWARD