EXTR
Extreme Networks, Inc. Technology - Communication Equipment Investor Relations →
Extreme Networks, Inc. (EXTR) closed at $31.38 as of 2026-06-19, trading 79.9% above its 200-week moving average of $17.45. The stock moved further from the line this week, up from 79.2% last week. With a 14-week RSI of 98, EXTR is in overbought territory.
Over the past 14 weeks, down-weeks have had more trading volume than up-weeks (0.52 buyers-vs-sellers ratio). That means when people are active, they're more often selling than buying. Sellers are still more in control than buyers.
Over the past 1371 weeks of data, EXTR has crossed below its 200-week moving average 22 times. On average, these episodes lasted 35 weeks. Historically, investors who bought EXTR at the start of these episodes saw an average one-year return of +13.7%.
With a market cap of $4.1 billion, EXTR is a mid-cap stock. The company generates a free cash flow yield of 3.0%. Return on equity stands at 21.6%, indicating strong profitability. The stock trades at 52.6x book value.
Share count has increased 2.2% over three years, indicating dilution.
Over the past 26.3 years, a hypothetical investment of $100 in EXTR would have grown to $79, compared to $792 for the S&P 500. EXTR has returned -0.9% annualized vs 8.2% for the index, underperforming the broader market over this period.
Free cash flow has been growing at a 4.1% compound annual rate, with 4 consecutive years of positive cash generation.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: EXTR vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After EXTR Crosses Below the Line?
Across 22 historical episodes, buying EXTR when it crossed below its 200-week moving average produced an average return of +21.0% after 12 months (median +23.0%), compared to +12.7% for the S&P 500 over the same periods. 71% of those episodes were profitable after one year. After 24 months, the average return was +49.1% vs +29.6% for the index.
Each line shows $100 invested at the moment EXTR crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. Between earnings dates, FCF is constant — so the score is purely a function of stock price. The levels below show at what prices EXTR would reach each dislocation threshold.
Dislocation Price Levels
Prices where EXTR's Bean Score would hit each σ threshold. Valid until next earnings report (date TBD — last report: 2026-03-31).
| Level | σ | Price | Signal |
|---|---|---|---|
| Deep Value | +2σ | $10.89 | Unusually cheap — potential buy zone |
| Value | +1σ | $13.00 | Cheap vs. own history |
| Fair Value | +0σ | $16.13 | Historical mean behavior |
| Expensive | -1σ | $21.24 | Expensive vs. own history |
| Deep Expensive | -2σ | $31.10 | Unusually expensive — potential trim zone |
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are reference points for identifying potential swing trade opportunities, not buy/sell signals. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from EXTR's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. They are starting points for research, not buy or sell signals. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
Historical Touches
EXTR has crossed below its 200-week MA 22 times with an average 1-year return of +13.7% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Apr 2000 | Jun 2000 | 8 | 35.8% | -34.4% | +7.2% |
| Dec 2000 | Apr 2010 | 485 | 90.7% | -67.1% | -22.8% |
| May 2010 | Sep 2010 | 19 | 14.0% | +6.4% | +949.5% |
| Nov 2010 | Dec 2010 | 4 | 3.9% | +3.4% | +978.4% |
| Aug 2011 | Oct 2011 | 8 | 6.9% | +28.1% | +1093.2% |
| Apr 2013 | Apr 2013 | 1 | 2.0% | +85.9% | +928.9% |
| May 2014 | May 2014 | 1 | 3.2% | -31.8% | +752.7% |
| Oct 2014 | Nov 2015 | 58 | 45.0% | -6.7% | +706.7% |
| Dec 2015 | Dec 2015 | 1 | 0.0% | +22.3% | +686.5% |
| Jan 2016 | Aug 2016 | 30 | 37.1% | +52.6% | +806.9% |
| Aug 2016 | Sep 2016 | 4 | 4.1% | +173.8% | +704.6% |
| Sep 2018 | Oct 2018 | 8 | 20.3% | +13.4% | +423.9% |
| Nov 2018 | Jan 2019 | 8 | 18.6% | +7.6% | +407.8% |
| Apr 2019 | Jul 2019 | 11 | 19.0% | -52.4% | +367.0% |
| Aug 2019 | Sep 2019 | 3 | 5.8% | -36.7% | +347.6% |
| Oct 2019 | Jan 2020 | 11 | 9.8% | -37.7% | +381.3% |
| Jan 2020 | Jan 2021 | 49 | 69.9% | +37.1% | +431.9% |
| Jan 2024 | Aug 2024 | 28 | 19.9% | +25.6% | +149.2% |
| Sep 2024 | Sep 2024 | 1 | 3.8% | +58.4% | +129.1% |
| Oct 2024 | Oct 2024 | 1 | 1.4% | +45.6% | +118.7% |
| Mar 2025 | May 2025 | 12 | 27.9% | -5.9% | +111.3% |
| Jan 2026 | Apr 2026 | 13 | 15.9% | N/A | +100.9% |
| Average | 35 | — | +13.7% | — |
Frequently Asked Questions
Is EXTR below its 200-week moving average?
No. Extreme Networks, Inc. (EXTR) is currently 79.9% above its 200-week moving average of $17.45. It would need to fall to $17.45 to cross below the line.
What is EXTR's 200-week moving average price?
Extreme Networks, Inc.'s 200-week moving average is $17.45 as of 2026-06-19. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when EXTR drops below its 200-week moving average?
EXTR has crossed below its 200-week moving average 22 times in our data. On average, buying at that moment produced a one-year return of +13.7%. These dips have historically been decent entry points. These episodes lasted 35 weeks on average.
Is EXTR a good value right now?
Here's what our data says about EXTR as of 2026-06-19: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 98 (overbought). Free cash flow yield is 3.0%. Return on equity is 21.6%. Price-to-book is 52.6x. This is not a buy or sell recommendation — always do your own research.
How does EXTR compare to the S&P 500?
Over the past 26.3 years, $100 invested in EXTR would have grown to $79, compared to $792 for the S&P 500. That's -0.9% annualized vs 8.2% for the index. EXTR has underperformed the broader market over this period.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-06-19