EXTR
Extreme Networks, Inc.
EXTR offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
MSFT
Microsoft Corporation
MSFT has the edge over EXTR overall, supported by stronger valuation and lower modeled downside.
EXTR Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Strong |
EXTR's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
MSFT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Healthy | |
| Strong |
MSFT's revenue, profitability, cash flow and balance sheet are all currently healthy.
EXTR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 19x | $27.18 | — |
| Cheap | 26x | $10.05 | -63% |
| Fair | 56x | $21.70 | -20% |
| Current | 70x | $27.18 | — |
| Expensive | 269x | $105 | +286% |
Historical ranges are pointers, not guarantees.
EXTR's PE is in its fair range at 70x. If earnings grow as analysts expect, today's price would be 19x next year's earnings, in its cheap range.
MSFT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 25x | $523 | — |
| Cheap | 27x | $525 | +0.4% |
| Current | 27x | $523 | — |
| Fair | 34x | $652 | +25% |
| Expensive | 37x | $711 | +36% |
Historical ranges are pointers, not guarantees.
MSFT has the edge over EXTR in the historical PE scenario, which offers more potential upside but is not a forecast.
EXTR Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
EXTR has the edge over MSFT on the outlook, with more favorable profitability expectations.
MSFT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Strong growth | |
| Stable | |
| Moderate | |
| High |
Analysts expect strong earnings and revenue growth for MSFT, with profitability holding steady.
EXTR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.39 | +258% |
| Q3 2026 | $0.39 | +550% |
| Q2 2026 | $0.31 | +$0.37 |
| Q1 2026 | $0.11 | +$0.50 |
| Q4 2025 | $0.06 | +$0.98 |
| Q3 2025 | $0.06 | +$1.01 |
| Q2 2025 | -$0.06 | +$0.60 |
| Q1 2025 | -$0.39 | -$0.32 |
| Q4 2024 | -$0.92 | -253% |
EXTR's earnings per share have fallen from their peak: $0.39 over the past year, against $0.70 in late 2023.
MSFT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $20.79 | +8.6% |
| Q3 2026 | $19.15 | +36% |
| Q2 2026 | $17.95 | +32% |
| Q1 2026 | $16.80 | +30% |
| Q4 2025 | $15.99 | +29% |
| Q3 2025 | $14.06 | +16% |
| Q2 2025 | $13.64 | +16% |
| Q1 2025 | $12.93 | +12% |
| Q4 2024 | $12.41 | +12% |
MSFT has the edge over EXTR on earnings, with more consistent year-over-year improvement.
EXTR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $341.1M | +9.9% |
| Q2 2026 | $338.5M | +10% |
| Q1 2026 | $316.9M | +11% |
| Q4 2025 | $317.9M | +14% |
| Q3 2025 | $310.2M | +15% |
| Q2 2025 | $307M | +20% |
| Q1 2025 | $284.5M | +35% |
| Q4 2024 | $279.4M | -5.7% |
EXTR's revenue has grown year over year for seven quarters in a row: $341M last quarter, up 9.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 6.8% | +3.1 points |
| Q2 2026 | 6.2% | +6.7 points |
| Q1 2026 | 5.5% | +1.8 points |
| Q4 2025 | 4.1% | -0.4 points |
| Q3 2025 | 3.6% | +5.4 points |
| Q2 2025 | -0.5% | +19 points |
| Q1 2025 | 3.6% | +33 points |
| Q4 2024 | 4.5% | +1.1 points |
EXTR's operating margin was 6.8% last quarter, up 3.1 points from the same quarter a year ago.
MSFT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $92.3B | +19% |
| Q2 2026 | $90B | +18% |
| Q1 2026 | $82.9B | +18% |
| Q4 2025 | $81.3B | +17% |
| Q3 2025 | $77.7B | +18% |
| Q2 2025 | $76.4B | +18% |
| Q1 2025 | $70.1B | +13% |
| Q4 2024 | $69.6B | +12% |
MSFT has the edge over EXTR on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 50% | +0.9 points |
| Q2 2026 | 45% | +0.2 points |
| Q1 2026 | 46% | +0.7 points |
| Q4 2025 | 47% | +1.6 points |
| Q3 2025 | 49% | +2.3 points |
| Q2 2025 | 45% | +1.8 points |
| Q1 2025 | 46% | +1.1 points |
| Q4 2024 | 45% | +1.9 points |
MSFT has the edge over EXTR on profitability, with a higher operating margin.
EXTR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $38.7M | +$59.5M |
| Q2 2026 | $65.3M | -13% |
| Q1 2026 | $7.8M | -68% |
| Q4 2025 | $43M | +167% |
| Q3 2025 | -$20.9M | -279% |
| Q2 2025 | $75.3M | +584% |
| Q1 2025 | $24.2M | +$97.8M |
| Q4 2024 | $16.1M | -44% |
EXTR has the edge over MSFT on cash flow, with more consistent year-over-year improvement.
MSFT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $18.6B | -27% |
| Q2 2026 | $19.6B | -23% |
| Q1 2026 | $15.8B | -22% |
| Q4 2025 | $5.9B | -9.3% |
| Q3 2025 | $25.7B | +33% |
| Q2 2025 | $25.6B | +9.6% |
| Q1 2025 | $20.3B | -3.2% |
| Q4 2024 | $6.5B | -29% |
MSFT's free cash flow has been positive every quarter for seven years: $60B over the past year, down 23% from the year before.
EXTR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -287K shares |
| 1 year | -0.3% | -388K shares |
| 3 years | +0.9% | +1.2M shares |
| 5 years | +1.1% | +1.5M shares |
| Available history | +13% | +15.1M shares |
EXTR has 135M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $25M |
| Q2 2026 | $25M |
| Q1 2026 | $50M |
| Q4 2025 | — |
| Q3 2025 | $12M |
| Q2 2025 | $25M |
| Q2 2024 | — |
| Q1 2024 | — |
EXTR spent $100M buying back its own shares over the past year.
MSFT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -7M shares |
| 1 year | -0.3% | -20M shares |
| 3 years | -0.2% | -16M shares |
| 5 years | -1.6% | -121M shares |
| Available history | -3.2% | -245M shares |
MSFT has 7.4B diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $4.4B |
| Q2 2026 | $4.6B |
| Q1 2026 | $4.6B |
| Q4 2025 | $7.4B |
| Q3 2025 | $5.7B |
| Q2 2025 | $4.5B |
| Q1 2025 | $4.8B |
| Q4 2024 | $5B |
MSFT spent $21B buying back its own shares over the past year, up 5.2% from the year before.
EXTR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.5x | Net Cash |
| Q2 2026 | -0.6x | Net Cash |
| Q1 2026 | -0.2x | Net Cash |
| Q4 2025 | -1.0x | Net Cash |
| Q3 2025 | -0.2x | Net Cash |
| Q2 2025 | -1.6x | Net Cash |
| Q1 2024 | 0.9x | Very low |
| Q4 2023 | -0.2x | Net Cash |
EXTR has the edge over MSFT on leverage, with a lower net debt burden relative to earnings.
MSFT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.1x | Very low |
| Q2 2026 | 0.1x | Very low |
MSFT's net debt is less than a year of its operating earnings (EBITDA).
EXTR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 59.7 | Neutral |
| Stochastic | 48.5 | Neutral |
EXTR's weekly RSI is 60 (neutral) and its Stochastic is 49 (neutral).
MSFT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.1 | Neutral |
| Stochastic | 68.0 | Neutral |
MSFT's weekly RSI is 62 (neutral) and its Stochastic is 68 (neutral).
EXTR PE vs Technology Sector
| Metric | EXTR | Sector median | Relative |
|---|---|---|---|
| PE | 70x | 28x | 150% above |
| PE % | 64 | 35 | 29 pts above |
EXTR is trading at 70x earnings, a 150% premium to the Technology sector's median of 28x.
MSFT PE vs Technology Sector
| Metric | MSFT | Sector median | Relative |
|---|---|---|---|
| PE | 27x | 28x | 2% below |
| PE % | 16 | 35 | 19 pts below |
MSFT has the edge over EXTR on valuation relative to its sector.
EXTR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $23.3 | 17% above |
| 20 week MA | $25.0 | 8.7% above |
| 50 week MA | $21.5 | 26% above |
| 100 week MA | $19.3 | 41% above |
| 200 week MA | $18.4 | 48% above |
EXTR has the edge over MSFT on trend strength, trading above more of its moving averages.
MSFT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $524.7 | 0.3% below |
| 20 week MA | $484.8 | 7.9% above |
| 50 week MA | $446.9 | 17% above |
| 100 week MA | $453.8 | 15% above |
| 200 week MA | $411.5 | 27% above |
MSFT's trend is up, with a small recent dip: it's below only its 8-week average, and 27% above its 200-week average.
EXTR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $7.37 | $7.00 | -5% |
| 2021 | $7.00 | $15.0 | +114% |
| 2022 | $15.0 | $18.5 | +23% |
| 2023 | $18.5 | $17.6 | -4.4% |
| 2024 | $17.6 | $17.1 | -3.1% |
| 2025 | $17.1 | $16.9 | -1.2% |
| 2026 YTD | $16.9 | $27.2 | +61% |
EXTR has the edge over MSFT on returns for 2026, with the stronger performance.
MSFT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $159.0 | $222.8 | +40% |
| 2021 | $222.8 | $334.7 | +50% |
| 2022 | $334.7 | $238.7 | -29% |
| 2023 | $238.7 | $376.0 | +58% |
| 2024 | $376.0 | $430.5 | +14% |
| 2025 | $430.5 | $487.7 | +13% |
| 2026 YTD | $487.7 | $523.0 | +7.2% |
MSFT has finished higher in five of the last six years, two of them by more than 50%. It's up 7.2% so far in 2026.