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 develops AI-powered cloud networking products for enterprise, campus, venue, healthcare, education and public-sector environments. The company’s updates commonly cover Extreme Platform ONE, AI automation, analytics, network security, wired and wireless infrastructure, SD-WAN capabilities, and Wi-Fi 7 access points managed through its cloud platform.
News for EXTR also includes customer deployments in high-density venues and campuses, platform enhancements, third-party device management, autonomous networking features such as Extreme Agent ONE, quarterly financial results, SaaS annual recurring revenue trends, supply-chain actions, guidance updates and investor conference participation.
Extreme Networks (NASDAQ: EXTR) has announced Extreme Platform ONE, a new technology platform integrating networking, security, and AI solutions. The platform features AI-powered automation with conversational, interactive, and autonomous AI agents to reduce complex task completion time from hours to minutes.
The platform offers three key benefits: Unified Experiences with cross-team workflows in one composable workspace, Deep Automation powered by Extreme AI Expert™, and Radically Simplified Licensing with comprehensive network management and AI services included in the subscription.
The platform will be generally available in Q3 2025, with pricing details to be announced later. Internal benchmarking shows up to 95% reduction in troubleshooting and remediation times.
Extreme Networks has expanded its partnership with the NHL, focusing on enhancing fan experiences through technology. Several NHL clubs including Anaheim Ducks, Calgary Flames, Columbus Blue Jackets, and Nashville Predators have implemented Extreme's solutions to improve in-arena Wi-Fi connectivity and deliver immersive fan experiences. OCVIBE has selected Extreme for a new Wi-Fi network at Honda Center, while the Calgary Flames deployed Universal hardware at Scotiabank Saddledome. The Blue Jackets and Predators have implemented 6 GHz Wi-Fi technology, enabling faster connectivity for digital ticketing and mobile applications. Teams are utilizing ExtremeCloud™ Business Insights for data-driven decision-making regarding fan preferences.
Extreme Networks (Nasdaq: EXTR) has announced its upcoming investor conference schedule for November and December 2024. The company will participate in four major events: the Oppenheimer AI Impact on Cloud and Communications Summit (Nov 15), the Needham Security, Networking & Communications Conference (Nov 19), the UBS Global Technology Conference (Dec 4), and the Raymond James TMT & Consumer Conference (Dec 11). Key executives including CFO Kevin Rhodes, SVP Cristina Tate, and CEO Ed Meyercord will represent the company. Live webcasts of the presentations will be available on the company's investor relations website and archived for 30 days.
Extreme Networks (EXTR) reported Q1 FY2025 results with revenue of $269.2 million, down 23.8% year-over-year but up 4.9% quarter-over-quarter. SaaS ARR grew 23.4% year-over-year to $174.1 million. The company reported a GAAP loss per share of $0.08, compared to EPS of $0.21 last year. Non-GAAP EPS was $0.17. Gross margin improved to 63.0% GAAP and 63.7% non-GAAP. The company generated $18.6 million in operating cash flow and $11.7 million in free cash flow. Management expects continued sequential growth in Q2 and revenue growth for the full year.
Extreme Networks (Nasdaq: EXTR) has enhanced its ExtremeCloud Universal ZTNA, introducing new features to strengthen network security and simplify management. The solution unifies cloud Network Access Control and Zero Trust Network Access in a single SaaS offering. Key improvements include automated identification of private applications to reduce shadow IT risks, streamlined troubleshooting capabilities, and automated policy enforcement across Extreme's portfolio and third-party devices. According to a recent survey, 96% of CIOs consider the network fundamental for cybersecurity strategy. The solution aims to deliver consistent security policies, unified observability, and seamless experience for both remote and on-site users.
Extreme Networks released a research report titled 'CIO Insights Report: Priorities and Investment Plans in the Era of Platformization', surveying 200 CIOs and senior IT leaders. Key findings include:
1. Security remains the top priority, with 34% of CIOs ranking network security as their primary concern.
2. AI implementation faces challenges, including network bandwidth issues and security concerns.
3. 88% of respondents prefer a single integrated platform for networking, AI, and security.
4. Cloud networking is evolving, with 36% prioritizing a seamless transition to cloud networking.
5. IT responsibilities are expanding, with 58% citing device management and security as a top complexity.
6. Sustainability is gaining importance, with 88% agreeing that IT departments should recommend technology to mitigate carbon footprints.
Extreme Networks (Nasdaq: EXTR) has announced plans to release its first fiscal quarter 2025 financial results on Wednesday, October 30, 2024. The company will release the results before the market opens, followed by an earnings conference call and webcast at 8:00 a.m. ET (5:00 a.m. PT).
Interested parties can access the call and webcast through a registration link provided by the company. To avoid delays, participants are encouraged to dial into the conference call fifteen minutes before the scheduled start time. A separate registration link is available for those who wish to participate in the Q&A session.
Extreme Networks (Nasdaq: EXTR) has announced the strategic hire of David Nuti as Head of Security Sales. Nuti, a recognized expert in SASE best practices and strategies, brings extensive experience in scaling disruptive technologies in cybersecurity. He will focus on advancing Extreme's cybersecurity revenue growth and driving the strategy and expansion of the company's Universal Zero Trust Network Access (UZTNA) solution.
Extreme is at the forefront of converging networking, security, and AI with solutions like Extreme Network Fabric, ExtremeCloud™ Universal ZTNA, Extreme Air Defense™, and ExtremeCloud SD-WAN. Over 5,000 customers have deployed Extreme Fabric to enhance security through network segmentation and automation. The company aims to set a new standard for robust, proactive cybersecurity in a hyperconnected world.
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 the company's securities between July 27, 2022 and January 30, 2024. The firm encourages affected shareholders to contact them before October 15, 2024.
The complaint alleges that Extreme Networks made false and misleading statements to the market. Specifically, it claims the company faced weak client demand due to over-ordering during the COVID-19 pandemic and attempted to offset this by misrepresenting backlog orders. The lawsuit asserts that these actions led to materially false public statements throughout the class period, resulting in investor damages when the truth was revealed.
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.