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.
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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, 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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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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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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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, 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 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 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, Inc. to release Q1 financial results on November 1, 2023
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Extreme Networks to host Investor Day in New York City
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Extreme Networks Inc
Nasdaq:EXTR
EXTR Rankings
EXTR Stock Data
1.51B
128.86M
2.92%
92.62%
3.97%
Communication Equipment
Computer Communications Equipment
United States
MORRISVILLE