Extreme Networks jumps after beating second-quarter estimates, lifting annual outlook

Extreme Networks

28/01/2026 13:13

** Cloud-networking company Extreme Networks shares EXTR.O rise 9.2% to $16.05 in premarket

** Posts Q2 revenue of $317.9 mln, beating estimates of $312.3 mln - data compiled by LSEG

** Company attributes revenue growth to gaining market share from larger competitors in enterprise networking; Q2 rev grows 14% on a year-over-year basis

** "Extreme is taking share from the largest players in enterprise networking, which is reflected in seven consecutive quarters of sequential revenue growth," says Ed Meyercord, CEO of Extreme

** Reports Q2 adj. EPS of $0.26 vs est. of $0.24

** Raises FY26 revenue outlook to $1.26 bln-$1.27 bln, from $1.25 bln-$1.26 bln

** Seven of eight brokerages rate the stock "buy" or higher, one "hold"; their median PT is $24.50

** EXTR was marginally down in 2025

 (Reporting by Nikhil Sharma)

 ((Nikhil.Sharma@thomsonreuters.com;))