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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) announced its participation in a successful COVID-19 mass vaccination event hosted by Novant Health in Charlotte, N.C. on February 13, 2020. Utilizing Extreme’s cloud-managed Wi-Fi solutions, healthcare workers efficiently administered over 2,220 vaccines concurrently to 120 patients. The deployment of 19 wireless access points was completed in under an hour, allowing for high-speed connectivity and easy mobility of vaccination stations. The technology ensured secure access to patient records, enhancing operational efficiency during the vaccination process.
Extreme Networks (Nasdaq: EXTR) announced that Lincoln University in Pennsylvania has implemented its wireless access points and cloud network management solution to facilitate high-speed Wi-Fi 6 connectivity across its campus. This deployment supports up to 3,000 users and 5,000 devices daily, enhancing access to digital resources for students and faculty. The ExtremeCloud IQ platform simplifies network management, resulting in over 30% reductions in operating costs. This initiative aims to improve educational accessibility, especially during the COVID-19 pandemic, by enabling flexible learning options.
Extreme Networks (EXTR) has been named the Official Wi-Fi Solutions Provider for Major League Baseball (MLB) starting in the 2021 season. The partnership will enhance in-stadium Wi-Fi and analytics at 16 MLB ballparks, improving fan and media experiences. Installations are set through 2026, beginning at Fenway Park with Wi-Fi 6 technology. Additionally, Extreme will upgrade the network at MLB's Jackie Robinson Training Complex. The collaboration aims to advance technology in sports and support diversity initiatives.
Extreme Networks (Nasdaq: EXTR) provided Wi-Fi solutions at Super Bowl LV, marking its eighth consecutive year as the official Wi-Fi provider for the NFL. At the event, 80% of in-range devices connected to the network, with data usage per device more than doubling since Super Bowl LI. Peak network utilization reached 7.9 Gbps, despite a crowd of only 25,000. The game was notable as the first cash-free, mobile ticketed NFL event, enhancing fan experience and operational efficiency. Real-time insights from ExtremeAnalytics improved game day operations.
Extreme Networks reported its Q2 FY21 results with total revenue of $242.1 million, down 9% year-over-year but up 3% sequentially. GAAP EPS improved to $(0.02) from $(0.20) last year, while non-GAAP EPS rose to $0.13 from $0.11. The company achieved a GAAP gross margin of 57.9% and a non-GAAP gross margin of 61.0%. Extreme reported net cash from operations of $38.0 million and free cash flow of $33.0 million. The outlook for Q3 reflects expectations for double-digit revenue growth amid increased market demand.
Extreme Networks (Nasdaq: EXTR) has announced its Virtual Investor Day, scheduled for February 23, 2021, at 11:00 AM ET. This event aims to update attendees on the company's market position, vision, and business outlook as enterprises adopt cloud-based networking and transition into the 5G era. Additionally, Extreme Networks will participate in the Morgan Stanley Virtual Technology, Media and Telecom Conference on March 3, 2021, featuring a presentation by CEO Ed Meyercord at 1:15 PM ET.
Extreme Networks (EXTR) announced preliminary financial results for Q2 FY21, with revenue between $238 million and $248 million. The company reported GAAP EPS ranging from -$0.04 to $0.02, while non-GAAP EPS is expected between $0.11 and $0.17. A potential adjustment in distributor rebates may lead to a one-time contra revenue increase but will not affect cash balances. The company's cloud networking platform saw significant growth, with active customer accounts up 4% and a 140% YoY increase in cloud subscription bookings. A strong focus on cost management facilitated a $40 million debt repayment.
Extreme Networks (Nasdaq: EXTR) has updated the timing for its upcoming earnings conference call, now scheduled for January 27, 2021, at 2:30 p.m. PT (5:30 p.m. ET). This call will discuss the financial results for the second fiscal quarter ended December 31, 2020. Dial-in information remains unchanged. Interested parties can listen to the call via the company’s investor relations website.
Extreme Networks (Nasdaq: EXTR) has launched E-Rate eligible networking solutions for K-12 schools and public libraries, addressing the increased demand for technology due to the COVID-19 pandemic. The company offers reliable, high-speed connectivity through cloud-driven Wi-Fi 6 access points and edge-to-core wired infrastructure. ExtremeCloud™ IQ enhances network management with AI and machine learning, allowing for improved operational efficiency and security. Over 17,000 schools worldwide utilize Extreme's technology, supporting modern educational initiatives and ensuring scalable, cost-effective solutions.
Extreme Networks announced that Jefferson County Public Schools (JCPS) in Kentucky has deployed nearly 8,400 Wi-Fi 6 access points and ExtremeCloud IQ network management, enhancing digital education for 200,000 users across 169 schools. This upgrade facilitates remote learning, data-driven safety measures, and supports various educational initiatives, including iPads and Chromebooks for students. JCPS utilized E-Rate funds for this project, ensuring a secure and resilient network, essential during the ongoing COVID-19 crisis.
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