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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.
Extreme Networks has partnered with Indicium B.V. and Palo Alto Networks to enhance connectivity at the Zwarte Cross festival in the Netherlands, scheduled for July 14-17, 2022. This festival is known as the largest motocross event globally, featuring over 250 bands and 34 stages. Extreme will provide Wi-Fi 6 access points, ensuring secure and high-bandwidth connectivity for attendees and organizers. Utilizing ExtremeCloud™ IQ and ExtremeAnalytics™, the partnership aims to optimize network performance and improve the overall festival experience.
Extreme Networks has been recognized as a five-time consecutive Gartner Peer Insights Customers' Choice for Wired and Wireless LAN Access Infrastructure. This distinction highlights its innovation, flexibility, and reliable solutions based on positive feedback from end-user professionals. Customers appreciate the ease of deployment, IT support services, and strong connectivity in demanding environments. Extreme's commitment to customer satisfaction has been crucial for gaining market share and driving growth, solidifying its position as a leader in the cloud networking sector.
Extreme Networks (NASDAQ: EXTR) has launched a new suite of cloud networking solutions aimed at enhancing operational efficiency for enterprises. Key offerings include SD-WAN and AIOps with digital twin capabilities, designed to reduce risks and operational costs while improving application performance. The ExtremeCloud platform now features unified management for wired, wireless, and SD-WAN operations, alongside advanced security measures. This evolution aims to empower customers to optimize their networking infrastructure in a rapidly changing business landscape.
Extreme Networks has partnered with top casino resorts like Jackpot Junction and Resorts World Las Vegas to enhance their operational efficiency through advanced cloud-driven networking solutions. By implementing Extreme Fabric Connect, these venues have achieved nearly 99% network uptime, drastically improving guest experiences and operational reliability. The solutions facilitate secure connectivity necessary for modern digital amenities, supporting numerous IoT devices and high-performance A/V systems, ultimately driving customer loyalty and creating new business opportunities.
Extreme Networks has announced a significant increase in its share repurchase program, authorizing
Extreme Networks (NASDAQ: EXTR) has partnered with Liverpool FC as the Official Wi-Fi Network Solutions Provider and Official Wi-Fi Analytics Provider. This multi-year agreement, commencing later this year, will enhance connectivity at Anfield stadium with Wi-Fi 6E access points, enabling digital services like mobile ticketing and non-fungible tokens (NFTs). Additionally, ExtremeAnalytics will provide real-time data insights to improve fan experiences and operational efficiency. The management of this network will be facilitated by ExtremeCloud™ IQ.
Extreme Networks has announced its annual user conference, Extreme Connect, taking place in-person at the Omni Nashville Hotel from June 6-9, 2022, with a virtual component on June 7. Attendees will gain insights into the company's cloud networking roadmap with keynote speeches from executives and Olympic Gold Medalist Lindsey Vonn. The event will host 25 unique sessions on topics like future Wi-Fi generations and enterprise security, featuring industry leaders and experts to discuss cutting-edge technology trends.
Extreme Networks has formed a strategic partnership with Verizon Business to enhance connectivity and network insight solutions for large venues across EMEA. The partnership aims to leverage Verizon's private 5G and Extreme's Wi-Fi solutions, providing immersive experiences and operational insights. The announcement coincides with Verizon's launch of the International Stadium and Venue Practice. Both companies aim to replicate their previous successes in large venues in the U.S., such as NHL, NASCAR, and NFL events. The partnership emphasizes high-speed, low-latency connectivity for enhanced fan engagement.
Extreme Networks (EXTR) has partnered with Verizon Business (VRZN) to enhance wireless connectivity at Manchester United's Old Trafford Stadium. The collaboration aims to deliver fast Wi-Fi services and support digital services like mobile ticketing. The deployment, starting in late 2023, will leverage Extreme Venue Analytics to provide insights on app performance and audience behavior, ultimately enhancing fan experiences. This partnership follows similar successful projects in various high-profile venues across the U.S.
Extreme Networks (Nasdaq: EXTR) announced strong fiscal Q3 2022 results, achieving record bookings and revenue of $285.5 million, a 13% increase year-over-year. SaaS Annual Recurring Revenue (ARR) reached $97 million, up 54% year-over-year. GAAP EPS rose to $0.10 from $0.03 in the previous year. The company anticipates FY23 revenue growth of 10-15%, with expectations to accelerate to mid-teens by 2025. Despite supply chain constraints, which are expected to ease, Extreme maintains confidence in its financial outlook and growth potential.
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