ROARABLE
FREE $100K
Today Screener Big Ideas Track Record 💰 $100K Arena 🎲 Predictions 🏛️ Insiders 8 Analysts
Stock Ratings / Technology / EXTR
DGII (67) ATEN (57) FFIV (67) ALLT (55) ⌘ Pro Terminal →

Extreme Networks Inc. (EXTR) — RQD Stock Rating Cockpit

$22.29 -1.41% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $22.19

Extreme Networks Inc. (EXTR) carries a Roarable Rating of D+ (Sell) with 54/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE D+ • SELL / AVOID Cap $2.97B
📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card
⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on EXTR Below — or Connect Your Own ChatGPT / Claude
🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is EXTR stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
▼

As of 2026-11-03, Extreme Networks Inc. (NASDAQ: EXTR) is rated D+ (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 54/100 at a spot price of $22.29 (-1.41% 1D, market cap $2.97B). Pillar breakdown: Fundamental Cash Engine 15/20, Institutional 13F & Options Flow 11/20, SEC Balance-Sheet Forensics 11/20, FRED Macro Regime Fit 7/20, and Executive Insider Alignment 10/20. Across 715 tracked Technology issuers, EXTR ranks #291 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief
🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does EXTR compare to DGII and ATEN in the Technology sector?
▼

Within the Technology sector (Computer Communications Equipment), EXTR carries a Roarable D+ (54/100 RQD), trailing P/E of N/A, gross margin of 62.2%, and ROIC of 8.6%. By comparison, DGII (Digi International Inc.) holds a C+ grade (67/100 RQD, P/E 72.2x, ROIC 5.9%, cap $2.76B) and ATEN (A10 Networks Inc.) posts a D+ grade (57/100 RQD, P/E 44.5x, ROIC 26.5%, cap $1.78B). Among the 5-stock peer group, FFIV leads on earnings multiple (29.7x) while ATEN leads on capital efficiency (26.5% ROIC).

✓ Pre-computed one-to-many AI Quant brief
🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for EXTR?
▼

Per EXTR's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-06-30, CIK 0001078271), Extreme Networks Inc. generated $1.14B in revenue (+2.0% YoY), -$7.5M in net income, and $127.3M in free cash flow against $1.17B in total assets and $154.1M in total debt. Key quantitative strengths: Strong cash generator (62.2% gross margin)—profits are backed by real money, not accounting tricks. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief
🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).
INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
EXT / AFTER-HRS: $22.19 (-0.44%)🧬 Cannibal Buyback (-0.68% YoY Shares)⚙️ Cash Engine: 15/20 (B) • 11.2% FCF Margin
Verify 90D Bucket Audit →
📊 Historical Track Record: Scores of 54/100 (D+) historically posted market-perform odds over rolling 90-day windows (-0.7% avg 90D alpha vs SPY • 51.0% hit rate — wait for RQD ≥ 70 breakout).
Audit Bucket Track Record →
RQD QUANT TACHOMETERSELL / AVOID • D+
025507510054
JEV AI Jury Split (Battleground)
Cash
SEC
Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw C- · Rk D
Cash (15)Whales (11)SEC (11)Macro (7)CEO (10)
Each axis scored 0–20
12M PRICE TARGET CONE-1.8% Base Target
$35 Bull$22 Base$17 Bear
📬 FREE EXTR RATING-CHANGE & BRIEFING ALERTSManage / Unsubscribe
WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for EXTR)Realized 20D OHLCV Swing Band: ±9.4%
Deterministic 5-Pillar Attribution (54/100 Composite)
🔍 WHY EXTR SCORES 54/100 (D+) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag
▲ #1 Bullish Driver: Cash Engine Quality+15/20 pts (28% of score)

SEC XBRL FY 2025 (10-K): 11.2% FCF Margin ($127.3M FCF) & 62.2% Gross Margin

▲ #2 Bullish Driver: Whale & Options Positioning+11/20 pts (20% of score)

20D Institutional Volume Accumulation (±9.4% realized swing band)

▼ #1 Drag / Risk Factor: Macro Regime Fit7/20 pts (-13 pt drag)

Macro rate sensitivity & RSI-14 (48) create a -13 pt regime headwind

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current
Q1 (-3Q)
62
Grade C+$23.49-5.4% Next Q
Q2 (-2Q)
59
Grade C$22.22+7.3% Next Q
Q3 (-1Q)
57
Grade C$23.85-6.5% Next Q
Current
54
Grade D+$22.29-0.7% Hist 90D α
Trajectory: C+ (62) → D+ (54)Full Audit →
⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a EXTR Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While EXTR currently carries a cautious 54/100 (D+) rating due to Macro Regime Fit (7/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Strong cash generator (62.2% gross margin)—profits are backed by real money, not accounting tricks.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($22.50) and Max Pain ($23.40) forces dealer call-delta covering toward $35.42.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Cannibal Buyback (-0.68% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $EXTR• $4.8M Crowd Pool • Kalshi / Polymarket Composite
Contract: “EXTR Beats Next Quarterly Revenue & EPS Consensus + Hyperscaler AI CapEx Holds Record Pace”
YES 54%NO 46%Trade / Inspect Odds →
RSI-14 MOMENTUMNEUTRAL RANGE
4830 Oversold · 70 Hot
ALTMAN-Z SHIELDFORTRESS SAFE (>3.0)
3.80>3.0 Fortress Safe
PIOTROSKI F-SCORESOLID CORE (5–6)
5 / 99-Pt Accounting
52-WEEK LASER RANGE44% OF RANGE
L: $13$22.29H: $34
1. Money & Cash Health● HEALTHY
Are profits real cash in the bank?

Real cash coming in backs up reported profits (62.2% gross margin and healthy balance-sheet cushion).

Factor Grade: BRQD 15 / 20
2. Big Money & Insiders● TRIMMING
Are whales & executives buying or selling?

Insiders and big institutional desks have been trimming shares rather than stepping up to buy.

Factor Grade: D+RQD 21 / 40
3. Hidden Risks & Market Weather● WARNING
SEC fine-print scan & interest-rate fit

High sensitivity to tight interest rates or new risk warnings added to recent SEC annual filings.

Factor Grade: DRQD 18 / 40
MULTI-MODEL JEV QUANT JURY DELIBERATION

JEV AI Jury Split (Battleground) on EXTR

Cash & Moat Bull AI
ROIC & Free Cash Flow Model
BULLISH (75)

8.6% ROIC with 62.2% gross margin and 4.08% FCF yield.

SEC Forensic Auditor AI
10-K Accruals & Altman-Z Guard
NEUTRAL (55)

Altman-Z 4.20 and Piotroski 5/9 pass balance-sheet audit.

Whale & Macro Hawk AI
Options Skew, 13F & Fed NetLiq
BEARISH (47)

21/40 institutional & smart-money positioning score with 7/20 macro alignment.

Bull Case: Why Buyers Like EXTR
  • ✓Strong cash generator (62.2% gross margin)—profits are backed by real money, not accounting tricks.
Bear Case: What Could Go Wrong
  • !Company executives have done more routine share selling than personal cash buying lately.
  • !Sensitive to high interest rates and tighter Federal Reserve market liquidity.
  • !Recent SEC filings added new risk-factor disclosures that warrant keeping an eye on margins.
ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring EXTR)

  • ✓Walkthrough of EXTR's RQD Radar, SEC cash-conversion gap & downside invalidation levels
  • ✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
  • ✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks
RQD INSIDER CLUB WAITLIST$49/YR PLANNED
Want Custom AI PineScript / Python Indicators & Priority Rating-Change Alerts?
Join Founding VIP Waitlist (No Card Required) →$100K Arena
EXTR // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -2.41%▼ DESCENDING CHANNEL
2026-11-03O $23.59H $23.59L $22.29C $22.29VOL 2.21M
RES: $25.89SUP: $19.55SMA50: $22.50SMA200: $22.12
$34.96$29.86$24.76$19.67$14.57RES $25.89SUP $19.55$22.292026-05-042026-06-172026-08-042026-09-182026-11-03
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

EXTR Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 EXTR Butterfly Map → + Track EXTR →
Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle
48.0%/yr Implied 5Y Growth

vs. +2.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on EXTR today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for EXTR. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for EXTR today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →
DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (EXTR)

Technology Rank #291 of 715 ⚔️ DGII vs EXTR Full Matrix →

1. Head-to-Head Technology Peer Comparison (EXTR vs. DGII, ATEN, FFIV, ALLT)

Industry: Computer Communications Equipment (14 Tracked Issuers)

Across 715 tracked Technology securities in the Roarable RQD universe, Extreme Networks Inc. (EXTR) ranks #291 by composite RQD confidence (54/100, grade D+) and #255 by equity capitalization ($2.97B). Within this direct 5-issuer industry benchmark cohort, FFIV leads on earnings valuation at 29.7x trailing P/E, while ATEN leads on capital efficiency and profitability with 26.5% ROIC and 79.3% gross margin. DGII currently holds the highest overall quantitative score in the immediate peer group at 67/100 (C+) compared with EXTR at 54/100 (D+).

Ticker / Company Roarable Grade RQD Score Trailing P/E Gross Margin ROIC 1D Change Market Cap Head-to-Head
EXTR ACTIVE
Extreme Networks Inc.
D+ 54/100 — 62.2% 8.6% -1.41% $2.97B Benchmark Subject
DGII
Digi International Inc.
C+ 67/100 72.2x 62.9% 5.9% -1.26% $2.76B /dgii-vs-extr →
ATEN
A10 Networks Inc.
D+ 57/100 44.5x 79.3% 26.5% -3.92% $1.78B /aten-vs-extr →
FFIV
F5 Inc.
C+ 67/100 29.7x 81.4% 18.1% -4.08% $19.16B /ffiv-vs-extr →
ALLT
Allot Ltd.
D+ 55/100 118.0x 71.1% 3.0% -5.88% $424.7M /allt-vs-extr →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-06-30 • CIK 0001078271 ↗

In its most recent audited fiscal period (FY2025, filed 2025-06-30), Extreme Networks Inc. (EXTR) reported GAAP revenue of $1.14B (+2.0% vs. FY2024 revenue of $1.12B , and -13.1% cumulative change since FY2023) , GAAP net income of -$7.5M, operating cash flow of $152.0M, and free cash flow of $127.3M (+240.7% YoY). On the balance sheet, EXTR closed FY2025 with $1.17B in total assets against $154.1M in total debt (Altman Z-Score: N/A, Piotroski F-Score: 5/9).

Fiscal Period Filing Date Revenue Net Income Operating Cash Flow Free Cash Flow Total Assets Total Debt
FY2025 (FY) 2025-06-30 $1.14B -$7.5M $152.0M $127.3M $1.17B $154.1M
FY2024 (FY) 2024-06-30 $1.12B -$86.0M $55.5M $37.4M $1.08B $170.9M
FY2023 (FY) 2023-06-30 $1.31B $78.1M $249.2M $249.2M — —

3. EXTR Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is EXTR stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-03, Extreme Networks Inc. (NASDAQ: EXTR) is rated D+ (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 54/100 at a spot price of $22.29 (-1.41% 1D, market cap $2.97B). Pillar breakdown: Fundamental Cash Engine 15/20, Institutional 13F & Options Flow 11/20, SEC Balance-Sheet Forensics 11/20, FRED Macro Regime Fit 7/20, and Executive Insider Alignment 10/20. Across 715 tracked Technology issuers, EXTR ranks #291 in composite RQD confidence.

How does EXTR compare to DGII and ATEN in the Technology sector?

Within the Technology sector (Computer Communications Equipment), EXTR carries a Roarable D+ (54/100 RQD), trailing P/E of N/A, gross margin of 62.2%, and ROIC of 8.6%. By comparison, DGII (Digi International Inc.) holds a C+ grade (67/100 RQD, P/E 72.2x, ROIC 5.9%, cap $2.76B) and ATEN (A10 Networks Inc.) posts a D+ grade (57/100 RQD, P/E 44.5x, ROIC 26.5%, cap $1.78B). Among the 5-stock peer group, FFIV leads on earnings multiple (29.7x) while ATEN leads on capital efficiency (26.5% ROIC).

What are the biggest fundamental strengths and SEC risk factors for EXTR?

Per EXTR's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-06-30, CIK 0001078271), Extreme Networks Inc. generated $1.14B in revenue (+2.0% YoY), -$7.5M in net income, and $127.3M in free cash flow against $1.17B in total assets and $154.1M in total debt. Key quantitative strengths: Strong cash generator (62.2% gross margin)—profits are backed by real money, not accounting tricks. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

Where is EXTR trading relative to its 50-day, 200-day, and 52-week technical levels?

EXTR last traded at $22.29 (-1.41% on volume of 1,644,662 shares), positioning the stock -0.93% below its 50-day simple moving average ($22.50) and +0.77% above its 200-day simple moving average ($22.12). Across its 52-week range of $13.48 to $33.73, EXTR sits at the 43.5% percentile with a 14-day RSI of 48.0 (NEUTRAL RANGE) and an implied next-earnings move of ±9.4% ($20.19 to $24.39).

Direct Sub-Reports: EXTR RQD Cockpit EXTR 12M Forecast EXTR Earnings & Move EXTR Dividends & DRIP EXTR Insiders & 13F EXTR Whale Options EXTR Profit Sankey EXTR News & Why
ROARABLE RATING BRIEF • RQD 54/100 (D+) ✓ SEC XBRL & RQD VERIFIED

EXTR — Extreme Networks Inc.: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit
Updated: 2025-06-30

1. Roarable Rating Brief: What This Means to a Prospective Investor

Extreme Networks Inc. (EXTR) earns a live Roarable RQD composite score of 54/100, corresponding to a D+ letter grade (Roarable Sell) at a spot price of $22.29 (-1.41% 1D, market capitalization $2.97B).

  • Fundamental Cash Engine (15/20): Anchored by return on invested capital (ROIC) of 8.6%, gross margin of 62.2%, operating margin of 1.5%, and free cash flow yield of 4.08%.
  • Whale 13F & Options Flow (11/20) + Insider Conviction (10/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
  • Macro Regime Fit (7/20) + Forensic Balance Sheet (11/20): Incorporates a 1.00x equity beta, Altman Z-Score of N/A, Piotroski F-Score of 5/9, and Debt/Equity of 1.61x.

2. Business Model, Unit Margins & SEC Financial Trajectory

Extreme Networks Inc. Is a NASDAQ-listed issuer in the Technology sector, within the Computer Communications Equipment industry,. Its market capitalization is $3.1B.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-06-30), Extreme Networks Inc. (EXTR) reported $1.14B in annual revenue (up from $1.12B in FY2024, +2.0% YoY) and -$7.5M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($1.31B revenue, $78.1M net income) through FY2025, EXTR scaled operating cash flow to $152.0M and free cash flow to $127.3M, backed by $1.17B in total assets against $154.1M in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

  • 🐂 Primary Bull Case (D+ • RQD 54/100): Strong cash generator (62.2% gross margin)—profits are backed by real money, not accounting tricks. Free cash flow yield of 4.08% and institutional whale pillar of 11/20. With Fundamental Cash Engine at 15/20 and Institutional Whale Flow at 11/20, sustained execution supports upside toward the upper end of the $13.48 – $33.73 52-week range.
  • 🐻 Primary Bear Case & Valuation Risk: Company executives have done more routine share selling than personal cash buying lately. Investors must weigh current valuation and 80.4x EV/EBITDA against 1.5% operating margins and a 1.00x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

There are no upstream or downstream dependencies (supply_chain: NONE; butterfly_links: empty). No sector correlations or second-order bottlenecks are identified in the source data. A prospective investor should note that the absence of mapped links is itself a data limitation rather than evidence of independence.

  • Key Question #1: Can EXTR sustain or expand its 1.5% operating margin and 8.6% ROIC against Computer Communications Equipment peers over the next 4 quarters?
  • Key Question #2: Following FY2025 revenue of $1.14B and free cash flow of $127.3M, how will capital allocation balance growth reinvestment against $154.1M in total debt?
  • Key Question #3: How sensitive is EXTR's equity valuation to Technology capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

EXTR Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Extreme Networks Inc. (EXTR) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to EXTR Debate Forum (3) ↓
🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

EXTR Bull vs. Bear Conversation Board — What's Your Call at $22.29?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON EXTR 🐻 33% BEARISH CONVICTION
1. Pick Your Side on EXTR:
💡 Tip: Back up your call with a price target or RQD metric to get upvoted to the top.
BR BreakoutHunter RQD DEBATE OPENER • Swing & Catalyst Trader 🐂 BULLISH 🎯 Target: $26.23 (+16.0%)
📌 Pinned Debate

Positive FY 2025 free cash flow of $127.3M and a 4.08% FCF yield support the cash-generation pillar (15 of 20).

Picked up a starter position in EXTR in my $100K Virtual Cash book at $22.61. Positive FY 2025 free cash flow of $127.3M and a 4.08% FCF yield support the cash-generation pillar (15 of 20).. Trading inside a $13.48–$33.73 52-week range with 4.08% FCF yield gives solid downside support if Computer Communications Equipment multiples expand this quarter.

RetailWhale_TX 🐂 BULL

@CreditSpread_Watch Shorting a 11/20 institutional whale-flow stock at $22.61 is dangerous when funds are rotating into Technology.

CR CreditSpread_Watch RQD DEBATE OPENER • Balance Sheet Analyst 🐻 BEARISH 🎯 Target: $18.99 (-16.0%)
Spot @ $22.61

Debt/Equity of 1.61 and an EV/EBITDA of 80.4 sit against a 1.5% operating margin and a D+ RQD grade.

Careful chasing EXTR at $22.61. Debt/Equity of 1.61 and an EV/EBITDA of 80.4 sit against a 1.5% operating margin and a D+ RQD grade.. Gross margin is 62.2%, but operating margin is 1.5%, which shows SG&A and reinvestment are eating into bottom-line EPS. Target $18.99 on multiple compression.

LIVE TAPE SPY $752.10 -1.80% QQQ $681.09 -3.60% DIA $519.34 -1.08% IWM $279.14 -1.68% NVDA $202.06 -1.26% AAPL $338.32 -1.83% MSFT $507.12 -2.83% TSLA $403.82 +1.00% PLTR $178.34 -3.13% SOFI $16.60 -0.95% IBIT $43.35 -5.42% GLD $361.65 -3.59%