← BackEXTREME NETWORKS INC · Computer Communications EquipmentEXTR
Low riskNext report: In 0 days (est.)
The short versionA company still losing money with growing sales.
Going well
- Sales up 10% in the latest quarter vs a year ago
Watch out for
- Losing money
- Debt above equity: 1.88x
- Bills due within a year exceed short-term assets
Money moves
- Insiders sold $1.1M in the last 30 days, all through pre-planned sales
- Institutions added 1.7% to their holdings in the quarter ending June 2026 (177 bought, 155 sold)
- Held by Ray Dalio (Bridgewater)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$22.70+3.4% that day
- Company value
- $3.0B
- Share price times all shares
- Price vs profit (P/E)
- 73.2x
- You pay about $73 for each $1 of yearly profit
- Price vs sales
- 2.3x
- Company value is 2.3 times a year of sales
- Cash vs value
- 7%
- Cash as a share of company value
- Debt vs value
- 6%
- Debt as a share of company value
From EXTR's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26 (worked out from yearly totals)$338.5M+10% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $1.3B, up 13% from the 12 months before. Over 5 years, sales grew about 3.8% a year.
Business quality
The checklist Warren Buffett-style investors use. Annual numbers for 2025.- MissReturn on equity 15%+Earns a lot on the money owners have in the business.-10.2%
- MissDebt under half of equityNot relying on borrowed money.1.88x equity
- MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-0.7%
- MissProfitable every yearSteady profits, not one good year.3 of 10 years
- PassFree cash flow positiveBrings in more cash than it spends to run and grow.$127.3M
- PassShare count not growingNot diluting owners. Falling means buybacks.-0.9% in 3 years
- PassGross margin 40%+Pricing power: sells for well above what it costs to make.62.2%
- Revenue
- $1.1B
- +2.0% vs prior year
- 5-year growth
- +3.8%/yr
- revenue, per year
- Total debt
- $180.0M
- 1.88x equity
- Current ratio
- 0.95x
- short-term assets / bills due
From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026- Revenue
- $338.5M
- +10.3% YoY
- EPS
- $0.13
- vs -$0.06
- Op. margin
- 6.2%
- +6.6 pts
- Gross margin
- 62.2%
- +0.6 pts
- Free cash flow
- $65.3M
- Share count
- -1.3%
- vs a year ago
Some values are worked out from year-to-date totals in the annual report.
Insider rating
Last 90 days
45Mixed
- Pre-planned sales of $1.1M (weaker signal)
50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.
Weekly insider trend13 weeks agoBoughtSoldThis week
Filing buzz
Last 7 days vs normal
0/ 100
- This week
- 1
- Normal week
- 1.4
- vs normal
- 0.7x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+1.7%Institutions added 1.7% to their holdings. 177 bought, 155 sold.
Shares held by institutions129.1M
Sep '24Jun '26
Share count growthYearly rate, last 3 years
+0.1%Cash runwayAt last year's cash burn
Cash flow positiveDebt to equityLatest balance sheet: debt compared with what owners have
1.9x · $165.0M debtShares outstandingLatest reported
130MNext reportIn 0 days (est.)Estimated from the same quarter last year
- Results filedAug 5
- Results filedApr 29
- Results filedJan 28
- Results filedOct 29, 2025
- Results filedAug 6, 2025
Insider trades
Open-market buys and sells, last 90 days Bought$00 insiders
Sold$1.1M1 insider, 1 pre-planned
| Insider | Trade | Shares | Avg price | Value | Owns after | Date |
|---|
Edward MeyercordPRESIDENT AND CEO | Sell | 50K | $21.77 | $1.1M | 2M | |
- -2.8% of their holdings
- Pre-planned sale (10b5-1)
- Also Director
- Filed 1 day after
|
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.
Latest filings
Straight from SEC EDGAR
SoldEdward MeyercordPRESIDENT AND CEO, Director
50,000 shares at $21.77 · $1.1M
- -3% of holdings
- Now owns 1,710,097 shares
- Pre-planned sale (10b5-1)
- Filed 1 day after trade
SoldEdward MeyercordPRESIDENT AND CEO, Director
50,000 shares at $21.90 · $1.1M
- -3% of holdings
- Now owns 1,760,097 shares
- Pre-planned sale (10b5-1)
- Filed 1 day after trade
SoldKevin R RhodesEVP Chief Financial Officer
21,825 shares at $22.30 · $487K
- -10% of holdings
- Now owns 196,803 shares
- Pre-planned sale (10b5-1)
- Filed same day
Option exerciseEdward MeyercordPRESIDENT AND CEO, Director
138,557 shares
- +9% of holdings
- Now owns 1,719,113 shares
- 3 transactions
- Filed 3 days after trade
- Also: Stock award, Shares withheld for taxes
Option exerciseKatayoun MotieyChief Legal Admin Sust Officer
26,791 shares
- +23% of holdings
- Now owns 143,752 shares
- Held by Trust
- 3 transactions
- Filed 3 days after trade
- Also: Stock award, Shares withheld for taxes
Option exerciseKevin R RhodesEVP Chief Financial Officer
45,703 shares
- +31% of holdings
- Now owns 192,710 shares
- 2 transactions
- Filed 3 days after trade
- Also: Stock award, Shares withheld for taxes