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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

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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Extreme Networks Appoints Monica Kumar as Chief Marketing Officer

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Extreme Networks, Inc. (Nasdaq: EXTR) appoints Monica Kumar as the new Executive Vice President and Chief Marketing Officer (CMO). Kumar brings extensive B2B marketing experience and a history of accelerating growth through compelling product differentiation and impactful, revenue-generating go-to-market strategies. She will lead the company’s global marketing organization and work to elevate Extreme’s brand and value proposition through unique go-to-market motions and strategic partnerships.
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RSR and Extreme Networks Report: 63% of Financially Lucrative Retailers Say Wi-Fi Has Dramatically Improved Store Operations and Customer Experiences

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Extreme Networks™, Inc. (Nasdaq: EXTR) and Retail Systems Research (RSR) released a report highlighting the value of network investments in improving store operations. The report emphasizes the growing consumer demands for in-store mobile experiences and the challenges faced by retailers in meeting these demands. Key findings include the integral role of Wi-Fi in offering a cutting-edge in-store shopping experience, the challenges of technology adoption, and the opportunities presented by Wi-Fi in improving store operations. The report also highlights the strategic investments made by retailers with above-average year-over-year sales growth.
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Philadelphia Flyers and Winnipeg Jets Go Top Shelf with Extreme Wi-Fi 6 and 6E

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Extreme Networks™, Inc. (Nasdaq: EXTR) announces Wi-Fi 6 and Wi-Fi 6E deployment at NHL clubs for improved fan experience and operational efficiency. The Wells Fargo Center and Canada Life Centre chose Extreme solutions to deliver high-speed, low latency connectivity for fans and club officials. Key facts include fast, reliable Wi-Fi for modern fan experiences, network analytics for tapping into fan preferences, and a foundation for future technology investments.
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ExtremeCloud Universal ZTNA Sets New Industry Standard for Simple, Secure Network Access

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Extreme Networks (Nasdaq: EXTR) introduced ExtremeCloud Universal Zero Trust Network Access (ZTNA), a subscription service for ExtremeCloud customers, offering network, application, and device access security within a single solution. This simplifies IT management and security for user access across various locations and supports IoT devices. Universal ZTNA is part of Extreme's One Network, One Cloud strategy, aiming to reduce enterprise networking costs and complexity. It will be available in early 2024.
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Extreme Networks Announces Investor Conference Schedule for November and December 2023

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Extreme Networks, Inc. (Nasdaq: EXTR) has announced its investor conference schedule for November and December 2023. The company will host an Investor Day at the Headquarters of Major League Baseball (MLB) in New York City and virtually on November 7, 2023. They will also participate in the Needham & Company Virtual Tech Week on November 14, 2023, the Raymond James TMT & Consumer Conference in New York on December 4, 2023, and the Oppenheimer 4th Annual 5G Summit on December 11, 2023. The company will conduct meetings throughout the day at each conference. A live webcast of each conference presentation will be available on the Extreme Networks website and will be archived for at least 30 days.
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Extreme Networks Reports First Quarter Fiscal Year 2024 Financial Results

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Extreme Networks Inc. (Nasdaq: EXTR) reported a revenue growth of 19% in its fiscal first quarter ended September 30, 2023. The company also saw a doubling of its GAAP EPS due to increased operating leverage. Cloud adoption drove a 30% growth in SaaS ARR. However, the company expects more tempered revenue growth for the rest of the year due to changing customer buying patterns based on macroeconomic conditions in certain geographies.
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Extreme Recognized for Reduction in Energy Usage, Recycling Tons of E-Waste

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Extreme Networks has been recognized for its sustainability efforts, reducing energy usage by 19% in fiscal year 2023. Schneider Electric named Extreme as a 'Most Emerging TZCP Supplier' in 'The Zero Carbon Project.' Evergreen IT Solutions awarded Extreme with a 'Sustainability Excellence Award 2023' for its IT equipment recycling practices. Extreme has set carbon reduction goals and reduced natural gas consumption by 6% in fiscal year 2023.
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Extreme Networks Schedules First Quarter Fiscal 2024 Financial Results Conference Call

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Extreme Networks, Inc. to release Q1 financial results on November 1, 2023
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Extreme Networks 2023 Investor Day Returns to Major League Baseball Headquarters in New York City

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Extreme Networks to host Investor Day in New York City
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FAQ

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

The current stock price of Extreme Networks (EXTR) is $17.74 as of December 20, 2024.

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

The market cap of Extreme Networks (EXTR) is approximately 2.3B.

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

#1856 Ranked by Market Cap
N/A Ranked by Dividends

EXTR Stock Data

2.34B
128.18M
2.93%
93.05%
3.74%
Communication Equipment
Computer Communications Equipment
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United States of America
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