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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) announces its role as the Official Wi-Fi Analytics Provider for Super Bowl LVI, taking place on February 13, 2022, at SoFi Stadium, California. This marks the company's ninth consecutive Super Bowl. ExtremeAnalytics™, utilized in 29 NFL stadiums, helps optimize venue operations and enhances fan experiences through data analytics. SoFi Stadium expects over 70,000 attendees, with insights showing an 80% take rate of fans connected during the last Super Bowl. Extreme's solutions offer real-time analytics for improved connectivity and experience.
Extreme Networks, Inc. (Nasdaq: EXTR) announced it will release its financial results for the second fiscal quarter ended December 31, 2021, on January 27, 2022, before market open. This will be followed by a conference call at 8:00 a.m. ET. The call will be available via live webcast and can be accessed through the company's investor relations page.
Investors and interested parties are encouraged to participate in the earnings call to gain insights into the company’s financial performance and future outlook.
Extreme Networks (Nasdaq: EXTR) and NetNordic have launched a major cloud-managed network in Borås Stad, Sweden, turning it into a smart city. The initiative enhances public Wi-Fi access, benefiting citizens, local government, and healthcare services. With approximately 3,500 ExtremeWireless Wi-Fi 6 Access Points, the city achieves improved connectivity and streamlined network management. This advancement supports digital initiatives, enhances quality of life, and fosters economic growth.
Extreme Networks has launched Extreme Trusted Delivery, a carrier-grade solution aimed at enhancing the security and performance of critical network infrastructures. This technology is crucial for service providers transitioning from legacy systems, allowing them to verify hardware and software without service interruptions. With cyberattacks on the rise, this solution provides vital protections against supply chain threats. The Extreme 8000 Series switches, including the 8520 and 8720, will support this new capability.
Extreme Networks (Nasdaq: EXTR) has launched new solutions eligible for the E-Rate program, aimed at K-12 schools and public libraries in the US. These solutions include Wi-Fi 6E access points, fabric switching, network analytics, and cloud networking services. This initiative is part of Extreme's commitment to bridge the digital divide in education, facilitating better connectivity and technology integration in classrooms. With deployments in thousands of school districts globally, Extreme aims to support modern teaching methods, enhancing learning experiences for students and educators alike.
Extreme Networks (Nasdaq: EXTR) has been named a Leader in the 2021 Gartner Magic Quadrant for Enterprise Wired and Wireless LAN Infrastructure, marking its fourth consecutive year in this position. The company reported a remarkable 96% year-on-year growth in subscription bookings, becoming the fastest-growing player in its category. The recent acquisition of Ipanema is expected to enhance its ExtremeCloud offering with SD-WAN capabilities, further boosting its SaaS business. Extreme also achieved a customer satisfaction rating of 4.7 out of 5 in Gartner Peer Insights.
Extreme Networks (Nasdaq: EXTR) has announced its investor conference schedule for November and December 2021. Key events include the Needham Virtual Security, Networking, & Communications Conference on November 16, featuring CEO Ed Meyercord, and the 12th Annual Craig-Hallum Alpha Select Virtual Conference on the same day with CFO Rémi Thomas. Additionally, the 13th Annual Southwest IDEAS Investor Conference will take place in Dallas on November 18, and the Raymond James Virtual Technology Investors Conference on December 8. Live webcasts will be available on their website.
Extreme Networks (Nasdaq: EXTR) has partnered with NASCAR to enhance fan experiences and streamline operations through advanced networking solutions. The collaboration includes deploying Wi-Fi 6 technology and real-time analytics across 12 NASCAR venues. This initiative aims to improve mobile ticketing, concessions, and sports betting capabilities, while providing valuable insights into fan behaviors and venue operations. Key components include ExtremeAnalytics for network performance monitoring and ExtremeCloud IQ for centralized management, positioning NASCAR to create engaging, immersive experiences.
Extreme Networks (EXTR) reported a robust financial performance for Q1 FY2022, with revenues reaching $267.7 million, a 14% increase year-over-year. GAAP EPS improved to $0.10 from (0.07), showing strong profitability growth. Non-GAAP EPS rose to $0.21, up 133% compared to the previous year. Operating cash flow was $40.3 million, and free cash flow increased by 70% to $36.8 million. Despite supply chain challenges, Extreme doubled its backlog to over $200 million. The company is optimistic about future growth, expecting double-digit organic revenue growth for FY22.
Extreme Networks (Nasdaq: EXTR) announced that Novant Health has deployed its enterprise-grade Wi-Fi 6E solution, the AP4000 access point, enhancing high-speed Wi-Fi across its facilities. This implementation supports secure connectivity for critical healthcare applications and devices, addressing the needs of a high-density network environment. Wi-Fi 6E's advanced features enable better reliability and security, leveraging 6 GHz channels to alleviate congestion. This deployment marks an important step in delivering innovative healthcare services and improving patient care experiences.
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