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) delivers innovative networking solutions for enterprise cloud environments and wired/wireless infrastructure. This news hub provides investors and technology professionals with essential updates on corporate developments, product innovations, and market positioning.
Access real-time press releases covering earnings announcements, strategic partnerships, and technology advancements in SD-WAN solutions and unified network management systems. Our curated collection serves as your primary source for tracking EXTR's progress in addressing complex connectivity challenges across education, healthcare, and government sectors.
Discover updates on cloud networking initiatives, infrastructure upgrades, and global expansion efforts. The resource is particularly valuable for monitoring how EXTR balances hardware innovation with software-defined networking services in competitive markets.
Bookmark this page for streamlined access to verified information about network security developments, customer success stories, and executive leadership updates. Return regularly to stay informed about how Extreme Networks continues shaping enterprise connectivity solutions worldwide.
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.
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.
