EXTR
Extreme Networks, Inc.
EXTR has lower modeled downside risk, despite its lower overall score.
SNDK
Sandisk Corporation
SNDK has the edge over EXTR overall, supported by stronger fundamentals and stronger valuation.
EXTR Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Strong |
EXTR's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
SNDK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
SNDK's revenue, profitability, cash flow and balance sheet are all currently strong.
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.
SNDK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 3.8x | $937 | — |
| Current | 7.5x | $937 | — |
| Cheap | 17x | $2,173 | +132% |
| Fair | 24x | $3,048 | +225% |
| Expensive | 59x | $7,452 | +695% |
Historical ranges are pointers, not guarantees.
SNDK 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 |
Analysts expect earnings and revenue growth for EXTR, with profitability improving.
SNDK Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| High |
Analysts expect strong earnings and revenue growth for SNDK, with profitability improving.
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.
SNDK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $247.30 | +97% |
| Q3 2026 | $125.61 | +$137.63 |
| Q2 2026 | $73.76 | +$85.07 |
| Q2 2025 | -$11.31 | -$6.65 |
SNDK has the edge over EXTR in the latest year-over-year earnings comparison.
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.
SNDK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $11B | +378% |
| Q2 2026 | $9B | +372% |
| Q1 2026 | $6B | +251% |
| Q4 2025 | $3B | +61% |
| Q3 2025 | $2.3B | +23% |
| Q2 2025 | $1.9B | +8% |
| Q1 2025 | $1.7B | -0.6% |
| Q4 2024 | $1.9B | +13% |
SNDK has the edge over EXTR on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 80% | +72 points |
| Q2 2026 | 78% | +78 points |
| Q1 2026 | 69% | +180 points |
| Q4 2025 | 35% | +25 points |
| Q3 2025 | 7.6% | -9 points |
| Q2 2025 | 0.9% | N/A |
| Q1 2025 | -111% | -122 points |
| Q4 2024 | 10% | +6.6 points |
SNDK 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 still generates free cash flow, though less than at its 2023 peak: $155M over the past year.
SNDK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $6.3B | +1340% |
| Q2 2026 | $7.1B | +14355% |
| Q1 2026 | $3B | +$3B |
| Q3 2025 | $438M | +$636M |
| Q2 2025 | $49M | +$217M |
| Q1 2025 | -$18M | +$23M |
| Q3 2024 | -$198M | -$157M |
SNDK has the edge over EXTR on cash flow, with more consistent year-over-year improvement.
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 the edge over SNDK on shareholder dilution, with a more favorable share count trend.
| 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.
SNDK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -1M shares |
| 1 year | +3.4% | +5M shares |
| 3 years | +6.9% | +10M shares |
SNDK has 154M diluted shares, up 3.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5B |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
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 SNDK on leverage, with a lower net debt burden relative to earnings.
SNDK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.7x | Net Cash |
SNDK has more cash than debt.
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).
SNDK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.2 | Neutral |
| Stochastic | 10.6 | Oversold |
SNDK's weekly RSI is 40 (neutral) and its Stochastic is 11 (oversold).
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.
SNDK PE vs Technology Sector
| Metric | SNDK | Sector median | Relative |
|---|---|---|---|
| PE | 7.5x | 28x | 73% below |
| PE % | 4 | 27 | 23 pts below |
SNDK 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 stronger trend alignment. EXTR is above 5 of 5 weekly averages versus SNDK above 0 of 3.
SNDK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1,317.5 | 29% below |
| 20 week MA | $1,465.4 | 36% below |
| 50 week MA | $1,119.6 | 16% below |
SNDK is in a downtrend: it's below all three of its weekly moving averages, and 16% below its 50-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 finished three years in a row lower, and it's up 61% so far in 2026.
SNDK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $50.4 | $250.1 | +396% |
| 2026 YTD | $250.1 | $937.5 | +275% |
SNDK has the edge over EXTR on returns for 2026, with the stronger performance.