Extreme Networks Inc. (NASDAQ:EXTR) is one of the 10 Stocks That Posted Impressive Double-Digit Gains.
Extreme Networks soared 28.15 percent on Wednesday to finish at $21.85 apiece, a seven-month high, as investors gobbled up shares after more than tripling its earnings in the third quarter of fiscal 2026.
In an updated report, Extreme Networks Inc. (NASDAQ:EXTR) said its net income for the third quarter ended in March increased 206 percent to $10.59 million from $3.46 million in the same period last year.
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Meanwhile, net income grew 11 percent to $316.87 million from $284.5 million year-on-year. Of the total, product revenue accounted for the bulk of $199 million, or 11.8 percent up from $178 million year-on-year.
Revenue from subscriptions and support, on the other hand, amounted to $117.5 million, or 10 percent more than $106 million in the same comparable period.
“Our fifth consecutive quarter of double-digit growth highlights strong momentum, driven by disciplined execution, differentiated technology and growing demand for our AI-powered platform. We have fully addressed our current and long-term supply chain needs, including memory, through targeted sourcing strategies, product redesign and strategic purchasing commitments. These actions position us for continued growth and share gains,” said Extreme Networks Inc. (NASDAQ:EXTR) Chairman and CEO Ed Meyercord.
For the fourth quarter ending June 2026, Extreme Networks Inc. (NASDAQ:EXTR) is targeting revenue of $330 million to $335 million, or implied growth of 7 to 9 percent year-over-year.
The company also expects to swing to earnings per share of $0.12 to $0.15, from a loss per share of $0.06 in the year-ago period.
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