Extreme Networks Inc - EXTR STOCK NEWS

Extreme Networks reported strong Q3 fiscal 2025 results, marking its fourth consecutive quarter of sequential revenue growth. The company achieved revenue of $285 million, up 34.8% year-over-year, with SaaS ARR reaching $184 million, a 13.4% increase.

Key financial highlights include GAAP EPS of $0.03, Non-GAAP EPS of $0.21, and a GAAP gross margin of 61.7%. The company's Q3 ending cash balance was $185.5 million, with net cash of $3.0 million. Extreme generated $30.0 million in operating cash flow and $24.2 million in free cash flow.

Notable achievements include the launch of Extreme Platform ONE for MSPs, with nearly 100 customers pre-ordering the solution. The company secured significant wins, including partnerships with The City of Everett, Ferrovienord, United Soccer League, and Six Flags parks. Looking ahead, Extreme projects Q4 fiscal 2025 revenue between $295-305 million and full-year fiscal 2025 revenue of $1,128-1,138 million.

Extreme Networks (Nasdaq: EXTR) has announced it will release its third fiscal quarter 2025 financial results on Wednesday, April 30, 2025, before market open. The company will host an earnings conference call and webcast at 8:00 a.m. ET (5:00 a.m. PT).

Participants can access the webcast through the investor relations website and are encouraged to dial in fifteen minutes before the scheduled start time to avoid delays. A Q&A session will be available for registered participants.

Extreme Networks (Nasdaq: EXTR) has appointed Anisha Vaswani as Chief Information and Customer Officer (CICO), a newly created executive role reporting to CEO Ed Meyercord. As CICO, Vaswani will:

• Develop and implement the company's IT strategy
• Act as 'Extreme's Customer ONE' by testing products before customer rollout
• Oversee customer success initiatives and technology migrations
• Focus on customer relationships, loyalty, and retention

Vaswani brings significant experience from previous CIO roles at IDG, Box, Toast, and Shockwave Medical. At Shockwave Medical, she helped scale operations to $1B in annual revenue, and at Toast, she guided the company through IPO and growth from $1B to over $3B in annual revenue. The appointment aligns with Extreme's focus on integrating technology and customer experience as it positions itself as a leading SaaS company in the networking space.

Extreme Networks (Nasdaq: EXTR) has been named the Official Wi-Fi Solutions and Analytics Supplier for the United Soccer League (USL), North America's largest professional soccer organization. The partnership focuses on delivering enhanced wireless connectivity and network analytics to improve fan experiences and league operations.

The implementation includes Wi-Fi 7 solutions featuring the AP5020, designed for high-density environments and increased network capacity. USL teams will benefit from ExtremeCloud™ Business Insights for venue analytics, helping identify peak usage, popular apps, and high-traffic areas. The solution includes ExtremeCloud IQ and Universal ZTNA for streamlined operations and enhanced security.

This technology will support modern stadium experiences including retail POS systems, mobile ticketing, and in-seat concessions ordering. Extreme Networks joins their portfolio of major sports partnerships, including NFL, MLB, NHL, Liverpool Football Club, and Manchester United.

Extreme Networks (Nasdaq: EXTR) has announced the upcoming launch of Platform ONE for Managed Service Providers (MSPs), set for general availability on March 31, 2025. The platform introduces the industry's first consumption-based billing model with poolable licensing, designed to reduce upfront costs and provide cost predictability for partners.

Built on AI-driven multi-tenant architecture, Platform ONE enables MSPs to manage multiple customers from a single workspace, offering comprehensive network health monitoring, performance tracking, and security status oversight. The platform's AI Core provides deep automation through conversational, interactive, and autonomous AI agents, reducing complex task completion time from hours to minutes.

The company currently partners with over 40 MSPs. The unique poolable licensing system allows MSPs to dynamically allocate and reassign licenses across devices, locations, or customers, enabling more flexible business scaling.

Extreme Networks (EXTR) has announced a new $200 million share repurchase authorization over a three-year period, starting July 1, 2025. The company still has approximately $50 million remaining from its previous May 2022 authorization, which expires June 30, 2025.

The company's CFO, Kevin Rhodes, indicated that after several quarters of sequential growth and improved cash flow, they have resumed buyback activity. The strategy aims to deleverage the balance sheet, offset equity program dilution, and return capital to shareholders opportunistically.

The repurchase program's implementation will be based on market conditions, stock price, and management's evaluation of the best use of available cash. Purchases may be conducted through open market transactions or via a 10b5-1 plan.

Extreme Networks (Nasdaq: EXTR) has announced new E-Rate eligible solutions for K-12 schools and public libraries in the U.S., including Extreme Platform ONE. This platform integrates networking, security, and AI solutions to reduce complexity for customers.

The E-Rate program provides funding for public K-12 schools and libraries to deploy networking solutions. Key offerings include: ExtremeCloud IQ for network problem identification, ExtremeCloud SD-WAN for optimized application performance, and ExtremeCloud Universal ZTNA for identity-based network access security.

The solution suite also features Wi-Fi 7 capabilities through the AP5020 access point, 4000 Series cloud-managed switches, and Extreme Fabric for unified network management. Extreme provides support through its E-Rate Resource Center, offering eligibility guidelines and tools to assist schools in the application process.

Extreme Networks (EXTR) has announced its upcoming investor conference schedule for February and March 2025. The company's Executive Vice President and CFO Kevin Rhodes will represent EXTR at three major industry events:

- Susquehanna Financial Group's 12th Annual Technology Conference in New York on February 27
- Morgan Stanley Technology, Media & Telecom Conference in San Francisco on March 4, featuring a fireside chat at 2:35 PM PST
- Cantor Global Technology Conference in New York on March 12

Live webcasts of the conference presentations will be available on the Investor Relations section of Extreme Networks' website and will remain accessible for at least 30 days after each event.

Extreme Networks (EXTR) reported Q2 FY2025 financial results showing sequential revenue growth for the third consecutive quarter. Revenue reached $279.4 million, down 5.7% year-over-year but up 3.8% quarter-over-quarter. SaaS ARR grew 14.4% year-over-year to $181.1 million.

The company reported GAAP diluted EPS of $0.06 compared to $0.03 last year, and non-GAAP diluted EPS of $0.21 versus $0.24 last year. GAAP gross margin improved to 62.7% from 61.9% year-over-year. The Q2 ending cash balance was $170.3 million, with net debt of $14.7 million.

Extreme introduced Platform ONE, integrating networking, security, and AI capabilities. The company secured notable wins in professional sports venues, healthcare, and municipal infrastructure, demonstrating strong competitive positioning in enterprise networking.