By Khadija Saeed
Publication Date: 2026-04-29 20:26:00
Morrisville, North Carolina, April 29, 2026, 16:05 (EDT)
Extreme Networks rose about 28% on Wednesday, after fiscal third-quarter results beat Wall Street estimates and a bullish fourth-quarter revenue forecast. The company generated $316.9 million in revenue, increasing 11% year over year, with non-GAAP earnings of 26 cents per share.
Here’s why it stands out: Investors want signs that corporate networking budgets aren’t shrinking, especially as customers upgrade campus equipment, switch to Wi-Fi 7, and add automation software. Extreme reported that annual SaaS recurring revenue (subscription revenue from its cloud offerings) increased 28.6% to $236.4 million.
The outlook gave stocks a boost. Extreme now projects fourth-quarter revenue between $330 million and $335 million, with adjusted earnings expected in the range of 28 to 30 cents per share. MarketScreener, pointing to FactSet figures, puts the consensus at $326.9 million for revenue and 28 cents for…
