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.
Extreme Networks (EXTR) has partnered with Verizon Business (VZ) to enhance wireless connectivity at Liverpool FC’s Anfield Stadium. The deployment, using Extreme’s Wi-Fi 6 technology, aims to improve fan experiences with services like mobile ticketing and cash-free transactions. Liverpool FC will also utilize ExtremeAnalytics for real-time data insights on fan behaviors. This partnership reflects a broader strategy to provide advanced connectivity in large venues, leveraging Verizon’s extensive technology and expertise.
Extreme Networks announces the appointment of Pete Brant as Senior Vice President of U.S. Sales. With over 20 years in networking and cybersecurity, Brant previously led significant sales initiatives at companies like Fortinet and Forcepoint. Paul Semak has been promoted to Senior Vice President of Americas International, focusing on Canada and LATAM. The leadership change aims to drive growth in the cloud networking market, capitalizing on emerging opportunities. Executive Joe Vitalone emphasizes the importance of experienced leadership for revenue growth.
Extreme Networks strengthens its leadership in the Asia Pacific region with key promotions and new hires. Jeff Hurmuses is promoted to Senior Vice President, overseeing APAC sales operations. Freddy Wang joins as Country Sales Director for Taiwan, bringing over 25 years of IT sales experience, and Makoto Naito leads sales in Japan, with more than 40 years in the industry. The company aims to build on recent growth, highlighted by major customer wins, including LG Electronics and Marriott Hotel Group.
Extreme Networks has been chosen as the Official Technology Innovation Partner for Minor League Baseball (MiLB), marking a five-year collaboration. The partnership will see Extreme provide Wi-Fi, Wi-Fi Analytics, and SD-WAN solutions across all 120 MiLB teams. This initiative aims to enhance secure data sharing and improve stadium experiences through advanced connectivity and data analytics, fostering technology-driven gameplay. Extreme's solutions are designed to streamline operations and support fan-facing technologies.
Extreme Networks has launched the AP5050, the first outdoor Wi-Fi 6E access point optimized for high-density venues like stadiums and convention centers. This new technology allows for up to three times more spectrum, enhancing wireless experiences with high-speed connectivity, reduced interference, and improved quality of service. Additionally, the AP5050 incorporates advanced security features, is flexible in deployment, and integrates with the ExtremeCloud management platform for insights into network performance.
Extreme Networks (Nasdaq: EXTR) has announced its investor conference schedule for August and September 2022. Key events include participation in the KeyBanc 2022 Technology Leadership Forum on August 8, the Deutsche Bank 2022 Technology Conference on September 1, and the Citi 2022 Global Technology Conference on September 8. The Lake Street Big6 Investor Conference is set for September 14. With over 50,000 global customers, Extreme Networks leverages AI and machine learning to enhance networking solutions.
Extreme Networks has announced several executive promotions as part of its strategic growth plan. Cristian Mircea is now Chief Development Officer, overseeing the engineering organization. Markus Nispel takes on the role of Chief Technology Officer for EMEA, focusing on product strategy and market execution. Dan DeBacker has been promoted to Senior Vice President of Products to drive product management. The promotions aim to strengthen leadership and leverage the expertise of the new executives in enhancing the company's cloud networking solutions and operational efficiency.
Extreme Networks has launched new partner programs aimed at enhancing competitive advantages in selling and deploying its solutions during the Ignite Partner Conference in Boston. Key initiatives include three new certification badges focusing on government, sports and entertainment, and diversity efforts. Partners now have access to enhanced training and a new customer success program to improve adoption and loyalty. Additionally, grant writing services will assist partners in helping customers secure funding for networking projects, enhancing overall customer outcomes.
Extreme Networks reported record bookings and a 10% increase in revenue for FY22, reaching $1.1 billion. GAAP EPS rose to $0.33, up from $0.02, while Non-GAAP EPS increased to $0.77 from $0.57. Although Q4 revenue remained flat year-over-year at $278.2 million, SaaS ARR surged by 47% to $103 million. The company anticipates FY23 revenue growth of 10-15% and aims to improve gross margins beyond 60%. The strong cash flow allowed for $45 million in share repurchases, highlighting financial health and market demand for its solutions.
Extreme Networks (EXTR) announced that it will release its financial results for the fourth fiscal quarter and fiscal year ending June 30, 2022 on July 27, 2022, before market open. This release will be followed by an earnings conference call at 8:00 a.m. ET. Investors can access the call through a registration link provided in the announcement. Extreme Networks is recognized for its cloud-driven networking solutions, supporting over 50,000 customers globally.
