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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.
The Schall Law Firm has announced a class action lawsuit against Extreme Networks, Inc. (NASDAQ:EXTR) for alleged violations of securities laws. The lawsuit covers investors who purchased Extreme Networks securities between July 27, 2022, and January 30, 2024. The complaint alleges that the company made false and misleading statements about client demand trends and backlog orders. Specifically, it claims Extreme Networks faced weak demand due to customers over-ordering during the COVID-19 pandemic and attempted to offset this by misrepresenting backlog orders. Affected investors are encouraged to contact the firm before October 15, 2024, to participate in the case.
Extreme Networks (Nasdaq: EXTR), a leader in cloud networking, announced that several NFL clubs including the Packers, Texans, Vikings, and Chargers, are deploying its solutions to enhance fan experiences and operational efficiency. Utilizing Wi-Fi 6E and ExtremeCloud™ Business Insights, the teams aim to improve connectivity, mobile applications, and operational management.
The 2024 NFL season marks Extreme's 12th as the official Wi-Fi and Wi-Fi analytics provider. The Chargers will use Extreme's Wi-Fi 6E at their 150,000 sq. ft. practice facility, enhancing mobile app performance and data transfer. The Vikings will deploy AI-native cloud networking at their 66,000-seat stadium, improving mobile ticketing and video replays. The Packers upgraded Lambeau Field with Wi-Fi 6E for seamless fan connectivity. The Texans' NRG Stadium will also offer high-speed connectivity and leverage data insights for better operational management.
Extreme Networks (Nasdaq: EXTR) has announced its investor conference schedule for August and September 2024. The company's executives will participate in six major technology and investor conferences:
1. Oppenheimer's 27th Annual Technology, Internet & Communications Conference (Virtual, Aug 12)
2. 2024 Evercore ISI Semiconductor, IT Hardware & Networking Conference (Chicago, Aug 27)
3. Jefferies Semiconductor, IT Hardware & Communications Technology Conference (Chicago, Aug 28)
4. Piper Sandler Growth Frontiers Conference (Nashville, Sep 11)
5. B. Riley Securities 7th Annual Consumer & TMT Conference (New York, Sep 12)
6. Lake Street BIG8 Investor Conference (New York, Sep 12)
Presentations will be available via webcast on the company's Investor Relations website.
Extreme Networks (Nasdaq: EXTR) has completed the deployment of a high-speed Wi-Fi network at Anfield, home of Liverpool Football Club (LFC). The new network, implemented in partnership with Verizon Business, aims to enhance fan experiences and streamline stadium operations. Key features include:
1. Seamless connectivity for 61,000 seats, supporting mobile ticketing, cashless payments, and concessions.
2. ExtremeAnalytics providing real-time data on fan preferences and behaviors.
3. ExtremeCloud IQ for easy network management and performance optimization.
This upgrade brings the 139-year-old stadium into the digital age, blending history with modern innovation. The project showcases Extreme's expertise in delivering connectivity solutions for high-density, iconic venues.
Extreme Networks (NASDAQ: EXTR) reported its Q4 and fiscal year 2024 financial results. Key highlights include:
- Q4 revenue of $256.7 million, a 29% decrease year-over-year, but a 22% increase quarter-over-quarter.
- SaaS ARR grew by 29% year-over-year to $167 million.
- GAAP loss per share of $0.42, compared to GAAP diluted EPS of $0.19 in the previous year.
- Non-GAAP loss per share of $0.08, compared to Non-GAAP diluted EPS of $0.33 in the previous year.
- GAAP gross margin decreased to 44.7% from 58.9% year-over-year, and non-GAAP gross margin declined to 45.4% from 60.2%.
- Fiscal year 2024 revenue was $1.117 billion, down 15% year-over-year.
- GAAP loss per share for the fiscal year was $0.65, compared to a diluted EPS of $0.58 in the prior year.
- Non-GAAP diluted EPS for the fiscal year was $0.32, compared to $1.09 in the previous year.
- Extreme has formed a co-innovation alliance with Intel to enhance AI capabilities and completed several key projects including a new Wi-Fi network at Anfield.
Extreme Networks (Nasdaq: EXTR) has formed a co-innovation alliance with Intel's Connectivity Analytics Program to enhance AI capabilities in its Extreme AI Expert™ solution. This collaboration aims to optimize network performance, detect security threats, personalize user experiences, and reduce operational costs by leveraging network data, device data, and Generative AI (GenAI).
The partnership will provide increased visibility into both network and client devices, driving the development of GenAI tools for enterprise networking and security optimization. Extreme AI Expert, introduced at Extreme Connect 2024, combines Extreme's knowledge bases with network data to offer insights and recommendations for network design, deployment, and management. Integration of Intel-connected device data will improve recommendations and extend the solution's knowledge base.
Extreme Networks (Nasdaq: EXTR) announced the release of its fourth fiscal quarter and fiscal year 2024 financial results on August 7, 2024, before market open. The earnings conference call and webcast will follow at 8:00 a.m. ET.
The company encourages participants to join the call fifteen minutes in advance for a smooth experience. Interested parties can access the call through a provided link for dial-in details, and those wishing to participate in the Q&A session need to register.
Extreme Networks, Inc. (Nasdaq: EXTR) has announced its investor conference schedule for May and June 2024. The schedule includes participation in prominent conferences such as Needham 19th Annual Technology, Media, & Consumer Conference, J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference, Bank of America Global Technology Conference, and Rosenblatt Securities 4th Annual Technology Summit. The company's executives will be presenting and conducting meetings at these events, with live webcasts available on the Extreme Networks website for investor access.
Extreme Networks, Inc. reports financial results for Q3 fiscal year 2024. Despite a 36.5% revenue decrease, SaaS ARR grew by 38%. The company aims for revenue growth in FY25, focusing on networking, security, and AI integration. Extreme Connect 2024 unveiled innovations like Extreme AI Expert and Wi-Fi 6E deployments. Extreme recognized key customers and was named a Leader by Gartner. Financially, GAAP EPS declined to ($0.50), while non-GAAP EPS dropped to ($0.19). Cash balance decreased to $151.0 million, but net debt improved to ($41.5 million).
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