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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) has partnered with DWE ICT to implement a cloud-managed Wi-Fi 6 network at the Hard Rock Hotel Amsterdam American. This upgrade enhances guest connectivity and simplifies network management for the hotel's IT team. The 173-room hotel faced challenges with legacy wireless technology, but the new network supports advanced services such as contactless check-ins and in-room dining. The deployment has led to a significant reduction in Wi-Fi-related helpdesk tickets and improved overall performance, aligning with modern technological demands in hospitality.
On May 5, 2021, Extreme Networks (Nasdaq: EXTR) announced new sales leadership in the Americas and APJC regions. Paul Semak was appointed Senior Vice President of Americas Sales, bringing over 25 years of experience from Cisco. Jeff Hurmuses took on the role of Vice President of APJC Sales, previously leading significant market entries at Malwarebytes. Both leaders aim to drive growth as the company embraces digital transformation and cloud networking trends, with Semak emphasizing potential expansion in Canada and Latin America.
Extreme Networks, Inc. (Nasdaq: EXTR) has unveiled its conference schedule for May and June 2021. Key events include the Extreme Virtual Tech Talk on May 10, J.P. Morgan's Annual Global Technology Conference on May 24, and the third Annual Connect User Conference from May 26-27. Presentations will feature executives including CEO Ed Meyercord and CFO Rémi Thomas. Investors can access live webcasts and future Q&A sessions. Over 50,000 customers globally utilize Extreme's cloud-driven networking solutions, which incorporate AI and machine learning for enhanced digital transformation.
Extreme Networks reported third-quarter fiscal results for the period ending March 31, 2021, with revenue of $253.4 million, marking a 21% increase year-over-year. GAAP EPS improved to $0.03 from a loss of $0.37 in Q3 of the previous year, while non-GAAP EPS rose to $0.16. Gross margins also increased significantly, with GAAP gross margin at 58.7% compared to 53.1% last year. Operating cash flow stood at $24.7 million, contributing to free cash flow of $20.4 million.
The company anticipates continued double-digit revenue growth into Q4, driven by a demand for its cloud solutions.
Extreme Networks (Nasdaq: EXTR) has announced it is the only cloud networking vendor triple-certified by ISO, achieving ISO 27001, ISO 27017, and ISO 27701 for information security management. This positions ExtremeCloud™ IQ as the industry's most certified cloud network management platform, enhancing data security and compliance for customers. With 17 global Regional Data Centers (RDCs), Extreme increases data sovereignty and privacy adherence. The certifications align with GDPR standards, affirming Extreme's commitment to cybersecurity and customer protection.
Extreme Networks (Nasdaq: EXTR) will announce its financial results for the third fiscal quarter, ending March 31, 2021, on April 28, 2021, before market open. An earnings conference call is scheduled for 8:00 a.m. ET on the same day. Investors can access the call via the company's investor website and are provided with dial-in options. This quarterly report will provide insights into the company's financial health and performance, which is crucial for stakeholders.
Extreme Networks, Inc. (Nasdaq: EXTR) announces the appointment of John Abel as Chief Information Officer. With over 30 years in IT, he previously held senior roles at Veritas and Ellie Mae, focusing on digital transformations and improving IT operations. His role at Extreme will involve overseeing the global IT organization and contributing to customer-centric strategies. The announcement highlights the company's commitment to innovation in cloud networking, aiming to simplify IT for enterprise customers as they transition to cloud solutions.
Extreme Networks, Inc. (Nasdaq: EXTR) announced that Cordaan, a leading healthcare provider in the Netherlands, has implemented its cloud-driven networking solutions to enhance operational efficiency and security across 120 locations. This deployment facilitates scalable connectivity to support numerous medical devices and applications, ensuring safe and secure access for patients and staff. The ExtremeCloud IQ platform allows Cordaan's IT team to manage network operations remotely, promoting efficient maintenance and cost optimization, ultimately improving the patient experience.
Extreme Networks, Inc. (Nasdaq: EXTR) has announced the launch of a second Extreme Academy Live training course starting on April 1. This free eight-week course will cover wireless networks and best practices while addressing the IT skills shortage.
Nearly 10,000 students are currently enrolled, with the first course having over 25,000 views in just three months. Successful participants can earn certifications, helping to bridge the digital divide and enhance workforce readiness.
Extreme Networks, Inc. (Nasdaq: EXTR) announces the renewal of Belgium's Federal Public Service Justice network in partnership with Orange Cyberdefense Belgium. The revamped network offers 20 times faster connectivity across 240 buildings, facilitating remote digital services for over 23,000 employees and users. Key benefits include enhanced operational efficiency, reduced maintenance needs, and improved security. This initiative supports the Belgian government's goal to digitize justice system services, transforming court proceedings and prison visitations.
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