EXTR NASDAQ Week ended 31 Jul 2026

Weekly Investor Report

Extreme Networks Inc · Technology · Communication Equipment

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Latest close 30.14 USD
2.2% latest week
Weekly setup

Constructive, but selective

The weekly trend is active. Price is 40.4% above the Trend Line and sits at 82.3% of its 52-week range. The latest completed week returned 2.2%, after a 1.1% four-week move. The latest factor snapshot indicates quality ranks strongly versus its universe; growth is moderate; valuation is expensive relative to peers. Options positioning is bearish with 38/100 conviction, while the latest news-sentiment score is 57/100. Near-term considerations: volume confirmation is below normal; earnings are due in 4d.

Setup score 60 out of 100
Latest Close 30.14 USD 31 Jul 2026
1W Return 2.2% latest completed week
4W Return 1.1% short-term follow-through
12W Return 25.4% quarterly tape
Trend Breadth 51.9% 27 of 52 weeks active
Volume Ratio 0.7x vs 13-week average
What is working
  • The trend backdrop is active with a 12-week active streak.
  • Price is above the Trend Line, keeping the weekly tape constructive.
  • Price is above Fair Value, showing premium demand versus the model.
  • Activity pressure is positive on the latest completed week.
What could go wrong
  • 4 reversal markers appear in the recent smart-money tape.
What to watch next
  • Trend Line remains the key weekly regime level.
  • Activity pressure is the gauge to monitor for confirmation or fade.
  • A volume ratio above 1.5x would show stronger participation in the next move.
Price follow-through 2.2% Latest completed week; four-week move 1.1%. Indicator stack 70/57 Trend and activity pressure are weighted against the latest 12-week confirmation window. Trend backdrop Active The trend backdrop defines the current weekly regime. Patient Capital Quiet Activity-pressure buy-signal status for institutional accumulation timing. Options pressure Bearish 38/100 conviction; expected move 15.5%. News sentiment 57/100 54 relevant articles in the latest sentiment read. Event risk 4d Next report is scheduled for 05 Aug 2026; event risk rises as the date approaches.
01 · Price action

Where price is—and whether the trend supports it

The weekly trend is active. Price is 40.4% above the Trend Line and sits at 82.3% of its 52-week range. The latest completed week returned 2.2%, after a 1.1% four-week move.

Study the full chart

52-week price path

Price vs Trend Line and Fair Value
Price Trend Line Fair Value
02 · Volume and demand

Is real participation confirming the move?

Latest weekly volume is 0.7x the 13-week average. Participation is below its recent norm, so price strength is not receiving full volume confirmation.

26-week volume confirmation

Bar height shows volume; colour shows the weekly price direction
6 Feb 13 Feb 20 Feb 27 Feb 6 Mar 13 Mar 20 Mar 27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 1 May 8 May 15 May 22 May 29 May 5 Jun 12 Jun 19 Jun 26 Jun 3 Jul 10 Jul 17 Jul 24 Jul 31 Jul
Up week Down week
Demand beneath price

Activity pressure and institutional-style signals

These indicators assess whether participation is improving beneath the headline price move. They are supporting evidence, not proof of institutional buying.

Activity pressure path

Latest 0.9612-week average 0.77

12-week confirmation

Trend active12/12Active trend-backdrop weeks in the latest 12-week window.
Positive pressure12/12Weeks with constructive activity pressure in the latest 12-week window.
Positive leadership12/12Weeks with positive relative leadership in the latest 12-week window.
Activity pressure0.96Current proprietary activity-pressure read.
Buy signals0Accumulation signal count in the latest 12 weeks.
Reversal markers44 reversal markers

No recent accumulation markers. 4 reversal markers.

03 · Momentum and leadership

Is performance persistent—and is the stock leading?

Performance is 1.1% over four weeks, 25.4% over 12 weeks, and 74.5% over one year. The current trend has remained active for 12 consecutive weeks.

Performance by holding period

1W2.2%
4W1.1%
12W25.4%
26W106.7%
52W74.5%
Active trend streak12 weeks
Active weeks in one year27
Trend breadth51.9%

Activity pressure vs relative leadership

Activity pressureRelative leadership
Pressure0.64Latest activity-pressure read.
Pressure change-58.0%Four-week change in activity pressure.
Leadership36.19Latest relative-leadership reading.
RS change6.0%Four-week change in relative leadership.
04 · Fundamentals and valuation

What investors are paying for—and the quality behind it

The latest factor snapshot indicates quality ranks strongly versus its universe; growth is moderate; valuation is expensive relative to peers.

Open full factor analysis
Factor week 26 Jul 2026 Financial statements through 31 Mar 2026 Field coverage 91% Model confidence 87%

Relative factor standing

Higher display scores are better. Each score is converted from the underlying universe rank, where rank 1 is best.

Overall factor strength43/100Blend of value, momentum, and quality. Underlying universe rank 58; rank 1 is best.
Value4/100Relative valuation strength. Underlying universe rank 97; rank 1 is best.
Quality85/100Profitability and accounting quality. Underlying universe rank 16; rank 1 is best.
Momentum91/100Medium-term price momentum. Underlying universe rank 10; rank 1 is best.
Growth75/100Revenue and earnings growth. Underlying universe rank 26; rank 1 is best.
How to read this

Quality and valuation are separate questions

A strong company can still carry a demanding valuation. This report shows profitability, growth, balance-sheet strength, and the price paid for those characteristics separately.

Valuation

How much investors are paying for earnings, sales, and cash flow.

P/E
237.0x
Price divided by trailing earnings.
Price / sales
3.1x
Market value relative to trailing revenue.
EV / EBITDA
62.3x
Enterprise value relative to operating cash earnings.
Free-cash-flow yield
4.3%
Free cash flow as a share of enterprise value.

Business quality

Margins and the return generated on invested capital.

Gross margin
61.3%
Gross profit retained from each unit of revenue.
Operating margin
3.5%
Operating profit retained from revenue.
Free-cash-flow margin
13.3%
Free cash flow generated from revenue.
Return on invested capital
22.8%
Operating return generated on invested capital.

Growth and financial strength

Recent business growth and accounting strength.

Revenue growth
14.9%
Latest one-year revenue growth.
EPS growth
-
Latest one-year earnings-per-share growth.
Free-cash-flow growth
54.0%
Latest one-year free-cash-flow growth.
Piotroski F-score
6/9
Nine-point accounting-strength checklist.

Shareholder return and balance sheet

Cash returned to owners and financial leverage.

Dividend yield
-
Cash dividends relative to market value.
Buyback yield
2.3%
Net share repurchases relative to market value.
Shareholder yield
2.3%
Dividend yield plus net buyback yield.
Net debt / EBITDA
0.4x
Balance-sheet debt relative to operating cash earnings.
05 · Ownership, options, and sentiment

What other market participants are doing

Options, insider transactions, market sentiment, and activity-pressure signals can confirm or challenge the price story. None should be used alone.

Options positioningBearish

EXTR shows bearish options pressure with a 38/100 conviction score, put-call volume ratio of 1.80, expected move of 15.5%, and Sharemaestro trend signal active.

Conviction38/100
Expected move15.5%
Put/call volume1.80
Pressure-18
Speculation4
Volatility96
Trend agreement75
Open options detail
Insider activity4 / 16

4 acquisitions and 16 disposals in the latest 180-day insider tape.

Acquisitions / disposals over the latest 180 days. Insider activity is context, not a stand-alone signal.
News sentiment57/100

Weighted news tone is neutral across 54 relevant articles.

19 positive · 31 neutral · 4 negative
Patient CapitalQuiet

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

No recent buy signal
06 · Catalysts and risk

What can move the shares—and how volatile the path has been

Event timing, options-implied movement, drawdown, and weekly return distribution frame the risk around the current setup.

Next earnings4dNext report is scheduled for 05 Aug 2026; event risk rises as the date approaches.
Options expected move15.5%Nearest-chain priced movement where available.
52-week drawdown-10.6%Distance below the 52-week high.
13-week volatility6.1%Standard deviation of weekly returns.

Weekly gains and losses

Latest 26 completed weeks

Each bar is one week. Gains rise above the zero line; losses fall below it. Taller bars mean a larger weekly move.

Weeks higher18 of 267 weeks finished lower.
Best week+26.7%Week of 1 May.
Worst week-10.0%Week of 17 Jul.
Latest week+2.2%Week of 31 Jul.

Shape of recent returns

Strong gains7
Modest gains11
Flat weeks1
Modest losses4
Sharp losses3
Recent vol6.1%13-week weekly-return volatility.
Base vol6.4%52-week weekly-return volatility.
Up/down split30/21Count of positive and negative weeks in the 52-week window.
Average skew5.0% / -4.0%Average positive week versus average negative week.
07 · Sector and peer context

Is this stock leading—or simply moving with its group?

Sector and industry breadth distinguish company-specific strength from a broad group move.

08 · Evidence and weekly data

The underlying research record

Every top-level statement above should be traceable to a stored market, fundamental, event, or positioning observation.

Weekly tape60/100

Trend, activity pressure, participation, and risk combine to a 60/100 tape read.

 Indicator analysis83/100

Latest 12-week confirmation: trend 12/12, activity pressure 12/12, relative leadership 12/12.

Activity pressure 0.96; 4 reversal markers Factors54/100

O'Shaughnessy factor stack blends value, quality, momentum, and confidence.

Buyback Yield rank 22; Small Cap Core rank 97 Patient CapitalQuiet

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

No recent buy signal Options53/100

EXTR shows bearish options pressure with a 38/100 conviction score, put-call volume ratio of 1.80, expected move of 15.5%, and Sharemaestro trend signal active.

Bearish · Put-side pressure · Expected move 15.5% Sentiment57/100

Weighted news tone is neutral across 54 relevant articles.

EXTR|Extreme Networks Inc|Price:29.940|Chg%:+0.450 Insiders4 / 16

4 acquisitions and 16 disposals in the latest 180-day insider tape.

 Earnings4d

Next report is scheduled for 05 Aug 2026; event risk rises as the date approaches.
WeekCloseReturnTrend LineFair ValuePressureLeadershipVolumeTrend
31 Jul 202630.14 USD2.2%21.47 USD17.45 USD0.6436.196.9MOn
24 Jul 202629.49 USD-2.8%21.02 USD17.45 USD0.8435.007.0MOn
17 Jul 202630.34 USD-10.0%20.60 USD17.44 USD1.2137.6210.3MOn
10 Jul 202633.71 USD13.1%20.15 USD17.42 USD1.4347.6510.0MOn
3 Jul 202629.80 USD-6.1%19.59 USD17.37 USD1.5334.138.0MOn
26 Jun 202631.74 USD1.1%19.18 USD17.36 USD1.6844.8214.1MOn
19 Jun 202631.38 USD0.9%18.71 USD17.32 USD1.5837.7910.1MOn
12 Jun 202631.11 USD11.0%18.24 USD17.27 USD1.5541.2010.7MOn
5 Jun 202628.02 USD5.7%17.79 USD17.23 USD1.5731.1410.2MOn
29 May 202626.51 USD3.6%17.44 USD17.20 USD1.6419.118.5MOn
22 May 202625.60 USD3.8%17.19 USD17.17 USD1.7418.789.6MOn
15 May 202624.66 USD2.6%17.03 USD17.12 USD1.7316.2014.2MOn
8 May 202624.04 USD7.9%16.88 USD17.09 USD1.6013.1714.1MOff
1 May 202622.29 USD26.7%16.73 USD17.04 USD1.5110.9520.8MOff
How to use this report

This is a completed-week research summary. It explains the available evidence and its conflicts; it does not predict a guaranteed outcome or replace your own risk assessment. Fundamental figures may refer to an earlier financial reporting period, which is shown above.