Why Extreme Networks Stock Is Tumbling Today

2025-10-29 13:03:00 ET

Cloud networking provider Extreme Networks (NASDAQ: EXTR) is having a rough day despite beating analyst expectations for revenue and earnings in the first quarter of fiscal 2026. The stock was down about 16% as of 12 p.m. ET on Wednesday, according to data provided by S&P Global Market Intelligence .

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Revenue rose by 15% year over year to $310.2 million on the strength of product sales, while adjusted earnings per share (EPS) jumped 29% to $0.22. Both metrics beat the average analyst estimates. Software-as-a-service (SaaS) annual recurring revenue reached $216.2 million, up 24.2% from the prior-year period.

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