Welcome to our dedicated page for Extreme Networks news (Ticker: EXTR), a resource for investors and traders seeking the latest updates and insights on Extreme Networks stock.
Extreme Networks, Inc. (EXTR) is a leading provider of software-driven networking solutions aimed at enhancing business operations by facilitating stronger connections among customers, partners, and employees. Founded in 1996 and headquartered in San Jose, California, Extreme Networks serves over 20,000 customers across more than 80 countries.
Extreme Networks offers a comprehensive range of products and services, including wired and wireless network infrastructure equipment and advanced software for network management, policy enforcement, analytics, and access controls. The company's solutions are designed to address the networking needs of various sectors, including business, education, government, healthcare, manufacturing, and hospitality.
Key offerings from Extreme Networks include high-density Wi-Fi solutions, centralized and cloud-based network management systems, and application analytics. These products are engineered to support both on-premise and cloud-based deployments, ensuring flexibility and scalability to meet diverse client requirements.
With a commitment to customer support, Extreme Networks provides 100% insourced call-in technical assistance, catering to organizations of all sizes. The company's customer base includes some of the world's leading enterprises, reinforcing its reputation for reliability and innovation in the networking industry.
Extreme Networks continues to drive growth and innovation through strategic partnerships and cutting-edge projects. The company's financial performance is bolstered by its significant presence in the Americas, which generates approximately half of its revenue, with the remainder coming from Europe, the Middle East, Africa, and the Asia-Pacific region. For more details, visit Extreme's website or call 1-888-257-3000.
Extreme Networks (Nasdaq: EXTR) has announced the upcoming launch of Platform ONE for Managed Service Providers (MSPs), set for general availability on March 31, 2025. The platform introduces the industry's first consumption-based billing model with poolable licensing, designed to reduce upfront costs and provide cost predictability for partners.
Built on AI-driven multi-tenant architecture, Platform ONE enables MSPs to manage multiple customers from a single workspace, offering comprehensive network health monitoring, performance tracking, and security status oversight. The platform's AI Core provides deep automation through conversational, interactive, and autonomous AI agents, reducing complex task completion time from hours to minutes.
The company currently partners with over 40 MSPs. The unique poolable licensing system allows MSPs to dynamically allocate and reassign licenses across devices, locations, or customers, enabling more flexible business scaling.
Extreme Networks (EXTR) has announced a new $200 million share repurchase authorization over a three-year period, starting July 1, 2025. The company still has approximately $50 million remaining from its previous May 2022 authorization, which expires June 30, 2025.
The company's CFO, Kevin Rhodes, indicated that after several quarters of sequential growth and improved cash flow, they have resumed buyback activity. The strategy aims to deleverage the balance sheet, offset equity program dilution, and return capital to shareholders opportunistically.
The repurchase program's implementation will be based on market conditions, stock price, and management's evaluation of the best use of available cash. Purchases may be conducted through open market transactions or via a 10b5-1 plan.
Extreme Networks (Nasdaq: EXTR) has announced new E-Rate eligible solutions for K-12 schools and public libraries in the U.S., including Extreme Platform ONE. This platform integrates networking, security, and AI solutions to reduce complexity for customers.
The E-Rate program provides funding for public K-12 schools and libraries to deploy networking solutions. Key offerings include: ExtremeCloud IQ for network problem identification, ExtremeCloud SD-WAN for optimized application performance, and ExtremeCloud Universal ZTNA for identity-based network access security.
The solution suite also features Wi-Fi 7 capabilities through the AP5020 access point, 4000 Series cloud-managed switches, and Extreme Fabric for unified network management. Extreme provides support through its E-Rate Resource Center, offering eligibility guidelines and tools to assist schools in the application process.
Extreme Networks (EXTR) has announced its upcoming investor conference schedule for February and March 2025. The company's Executive Vice President and CFO Kevin Rhodes will represent EXTR at three major industry events:
- Susquehanna Financial Group's 12th Annual Technology Conference in New York on February 27
- Morgan Stanley Technology, Media & Telecom Conference in San Francisco on March 4, featuring a fireside chat at 2:35 PM PST
- Cantor Global Technology Conference in New York on March 12
Live webcasts of the conference presentations will be available on the Investor Relations section of Extreme Networks' website and will remain accessible for at least 30 days after each event.
Extreme Networks (EXTR) reported Q2 FY2025 financial results showing sequential revenue growth for the third consecutive quarter. Revenue reached $279.4 million, down 5.7% year-over-year but up 3.8% quarter-over-quarter. SaaS ARR grew 14.4% year-over-year to $181.1 million.
The company reported GAAP diluted EPS of $0.06 compared to $0.03 last year, and non-GAAP diluted EPS of $0.21 versus $0.24 last year. GAAP gross margin improved to 62.7% from 61.9% year-over-year. The Q2 ending cash balance was $170.3 million, with net debt of $14.7 million.
Extreme introduced Platform ONE, integrating networking, security, and AI capabilities. The company secured notable wins in professional sports venues, healthcare, and municipal infrastructure, demonstrating strong competitive positioning in enterprise networking.
Extreme Networks (Nasdaq: EXTR) announced that major airports worldwide are using its solutions to enhance operations during record-breaking air travel in 2024. The TSA screened 904 million passengers in 2024, a 5% increase from 2023.
Leading airports including Charles de Gaulle, Charlotte Douglas International, Harry Reid International, and others are implementing Extreme's Wi-Fi, Analytics, Fabric, and switching solutions to improve flight management, staff coordination, and operations like ticketing and baggage tracking. The technology enables airports to monitor foot traffic, analyze passenger preferences, and optimize staffing.
Harry Reid International Airport uses Extreme Fabric to unify operations across its facilities, while Paris airports (CDG and ORY) completed a network refresh that increased bandwidth by 10-25 times. Philadelphia International Airport deployed Extreme's solutions to support 17,000 employees and 30 million annual passengers while managing ongoing terminal upgrades.
Extreme Networks (Nasdaq: EXTR) has announced it will release its second fiscal quarter 2025 financial results before market open on Wednesday, January 29, 2025. The company will host an earnings conference call and webcast at 8:00 a.m. ET (5:00 a.m. PT) on the same day. Participants are encouraged to join the call fifteen minutes before the scheduled start time to avoid delays. The financial results will cover the period ended December 31, 2024.
Extreme Networks (NASDAQ: EXTR) has announced Extreme Platform ONE, a new technology platform integrating networking, security, and AI solutions. The platform features AI-powered automation with conversational, interactive, and autonomous AI agents to reduce complex task completion time from hours to minutes.
The platform offers three key benefits: Unified Experiences with cross-team workflows in one composable workspace, Deep Automation powered by Extreme AI Expert™, and Radically Simplified Licensing with comprehensive network management and AI services included in the subscription.
The platform will be generally available in Q3 2025, with pricing details to be announced later. Internal benchmarking shows up to 95% reduction in troubleshooting and remediation times.
Extreme Networks has expanded its partnership with the NHL, focusing on enhancing fan experiences through technology. Several NHL clubs including Anaheim Ducks, Calgary Flames, Columbus Blue Jackets, and Nashville Predators have implemented Extreme's solutions to improve in-arena Wi-Fi connectivity and deliver immersive fan experiences. OCVIBE has selected Extreme for a new Wi-Fi network at Honda Center, while the Calgary Flames deployed Universal hardware at Scotiabank Saddledome. The Blue Jackets and Predators have implemented 6 GHz Wi-Fi technology, enabling faster connectivity for digital ticketing and mobile applications. Teams are utilizing ExtremeCloud™ Business Insights for data-driven decision-making regarding fan preferences.
Extreme Networks (Nasdaq: EXTR) has announced its upcoming investor conference schedule for November and December 2024. The company will participate in four major events: the Oppenheimer AI Impact on Cloud and Communications Summit (Nov 15), the Needham Security, Networking & Communications Conference (Nov 19), the UBS Global Technology Conference (Dec 4), and the Raymond James TMT & Consumer Conference (Dec 11). Key executives including CFO Kevin Rhodes, SVP Cristina Tate, and CEO Ed Meyercord will represent the company. Live webcasts of the presentations will be available on the company's investor relations website and archived for 30 days.
FAQ
What is the current stock price of Extreme Networks (EXTR)?
What is the market cap of Extreme Networks (EXTR)?
What does Extreme Networks, Inc. do?
When was Extreme Networks founded?
Where is the headquarters of Extreme Networks located?
What industries does Extreme Networks serve?
How many customers does Extreme Networks have?
What are some key products offered by Extreme Networks?
Does Extreme Networks provide customer support?
What is the revenue distribution of Extreme Networks?
How can I contact Extreme Networks for more information?
What is the significance of Extreme Networks' cloud-based solutions?
