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Extreme Networks - EXTR STOCK NEWS

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) 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.

News

Experience the Intersection of AI, Networking and Security at Extreme Connect in Fort Worth, Texas, April 22-25, 2024

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Extreme Networks, Inc. announces its annual user conference, Extreme Connect, to be held in Fort Worth, Texas from April 22-25, 2024. The event will showcase the latest in networking innovations, AI, and security, featuring live demonstrations, breakout sessions, and insights from industry experts.
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Extreme Networks Schedules Third Quarter Fiscal 2024 Financial Results Conference Call

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Extreme Networks, Inc. (Nasdaq: EXTR) is set to release its financial results for the third fiscal quarter ending March 31, 2024. The announcement will be made on May 1, 2024, followed by an earnings conference call and webcast at 8:00 a.m. ET. Investors can access the webcast through the provided link and are encouraged to dial in early for the conference call.
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Extreme Networks a Leader in 2024 Gartner® Magic Quadrant™ for Enterprise Wired and Wireless LAN Infrastructure

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Extreme Networks, Inc. (EXTR) has been named a Leader by Gartner, Inc. for the sixth consecutive time in the 2024 Gartner Magic Quadrant for Enterprise Wired and Wireless LAN Infrastructure. Extreme's innovative solutions, including Wi-Fi 7 access points, cloud-managed switches, and networking cloud continuum, have been praised for enhancing security and simplifying network management. Customers choose Extreme for its end-to-end network fabric, simplified cloud management with AIOps, secure networking solutions, and flexible licensing models.
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Extreme Extends Dominant Position in Enterprise Network Fabric with More Than 5,000 Global Customer Deployments Worldwide

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Extreme Networks, Inc. (EXTR) announced that their Fabric solutions have significantly improved operational efficiency, network security, and business transformation for various customers worldwide. The solutions have been successfully deployed at events like GITEX 2023 and in organizations like San Diego Community College, Volkswagen Poznań, and Dr. Sulaiman Habib Medical Group, showcasing benefits such as hyper-segmentation, zero-touch provisioning, increased automation, and simplified network management.
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Extreme Networks Announces Investor Conference Schedule for February and March 2024

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Extreme Networks, Inc. (EXTR) announces its investor conference schedule for February and March 2024, including participation in Susquehanna Financial Group's 13th Annual Technology Conference and Morgan Stanley Technology, Media & Telecom Conference. The company's EVP & CFO and VP Corporate Strategy & Investor Relations will be conducting meetings at both events. Live webcasts will be available on the Extreme Networks website.
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Extreme Networks Reports Second Quarter Fiscal Year 2024 Financial Results

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Extreme Networks, Inc. (EXTR) released financial results for its second quarter, with revenue at $296.4 million, down 6.9% year-over-year. Despite lower revenue, the company improved its gross margins and operating expenses. Extreme also announced new hardware solutions and partnerships, aiming for a return to meaningful growth in FY25.
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Extreme Networks Introduces New Cloud-Managed Universal Wi-Fi 7 Access Point, Industry’s Easiest to Deploy/Provision Switches

Rhea-AI Summary
Extreme Networks, Inc. introduces two new solutions, the AP5020 and 4000 Series cloud-managed switches, to help highly distributed enterprise organizations improve network connectivity, security, and application performance. The AP5020 is a Wi-Fi 7 Universal access point designed to support high-bandwidth, latency-sensitive applications and IoT devices. It offers PoE failover and a dedicated 2x2 security sensor for wireless intrusion prevention. The 4000 Series switches include Instant Stacking, Instant Port, and Instant Secure Port features, reducing the time it takes to deploy and manage new switches. Both solutions leverage AIOps and machine learning features of the ExtremeCloud IQ cloud management platform to proactively identify network issues and make recommendations to reduce IT time to resolution.
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Revolutionizing Connectivity: E-Rate Eligible Solutions from Extreme Networks Unleash the Power of Secure Networking and AI for K-12 Schools

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Extreme Networks, Inc. (Nasdaq: EXTR) has expanded its list of E-Rate eligible solutions for K-12 schools and public libraries, offering AIOps, increased bandwidth, lower latency, and enhanced network security. The program aims to make telecommunications and information services more affordable for schools and libraries, allowing them to modernize infrastructure and support smart campus initiatives. Extreme's Wi-Fi access points and Universal switches are eligible for E-Rate, delivering high-bandwidth Wi-Fi solutions and secure wired connectivity. ExtremeCloud™ SD-WAN and ExtremeCloud IQ CoPilot provide simplified management for distributed users and ensure optimal application performance. The company also offers tailored 24/7/365 support to help customers navigate the E-Rate application process and access technical assistance.
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Extreme Networks Strengthens Executive Leadership Team

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Extreme Networks, Inc. (Nasdaq: EXTR) appoints Norman Rice as Chief Commercial Officer to drive revenue growth and streamline leadership team for long-term growth
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Extreme Networks Provides Update to Q2 Outlook

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Extreme Networks, Inc. (Nasdaq: EXTR) announces a business update on the financial results for its second quarter ended December 31, 2023. The company expects second quarter revenues to be approximately $294 to $297 million, lower than the prior outlook of $312 to $327 million. Annualized subscription and support revenue is expected to be approximately $430 million, with 41% year over year subscription growth. Recurring revenue is expected to account for 33% of total revenue. Gross margin is expected to be toward the higher end of the prior guidance range for the quarter. The company’s ending cash balance for the quarter was $221.4 million. The revised outlook reflects industry headwinds of channel digestion and elongated sales cycles. The company remains confident in its long-term strategy and ability to achieve double-digit long-term revenue and EPS growth.
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FAQ

What is the current stock price of Extreme Networks (EXTR)?

The current stock price of Extreme Networks (EXTR) is $15.66 as of November 21, 2024.

What is the market cap of Extreme Networks (EXTR)?

The market cap of Extreme Networks (EXTR) is approximately 2.1B.

What does Extreme Networks, Inc. do?

Extreme Networks, Inc. provides software-driven networking solutions, including wired and wireless network infrastructure, network management software, policy enforcement, analytics, and access controls.

When was Extreme Networks founded?

Extreme Networks was founded in 1996.

Where is the headquarters of Extreme Networks located?

The headquarters of Extreme Networks is located in San Jose, California.

What industries does Extreme Networks serve?

Extreme Networks serves multiple industries, including business, education, government, healthcare, manufacturing, and hospitality.

How many customers does Extreme Networks have?

Extreme Networks serves over 20,000 customers in more than 80 countries.

What are some key products offered by Extreme Networks?

Key products include high-density Wi-Fi solutions, centralized and cloud-based network management systems, and application analytics.

Does Extreme Networks provide customer support?

Yes, Extreme Networks offers 100% insourced call-in technical support to its customers.

What is the revenue distribution of Extreme Networks?

Approximately half of the company's revenue is generated in the Americas, with the remainder coming from Europe, the Middle East, Africa, and the Asia-Pacific region.

How can I contact Extreme Networks for more information?

You can visit Extreme Networks' website or call 1-888-257-3000 for more information.

What is the significance of Extreme Networks' cloud-based solutions?

Extreme Networks' cloud-based solutions provide flexible and scalable networking options that can be tailored to meet various client requirements.

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Extreme Networks

Nasdaq:EXTR

EXTR Rankings

#1964 Ranked by Market Cap
N/A Ranked by Dividends

EXTR Stock Data

2.07B
128.19M
2.9%
93.05%
4.68%
Communication Equipment
Computer Communications Equipment
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United States of America
MORRISVILLE