Extreme Networks Inc Stock Price, News & Analysis

Extreme Networks, Inc. (EXTR) announced on February 8, 2022, that schools worldwide are selecting its cloud-driven networking solutions to enhance tech-based curricula. The company highlights partnerships with institutions like the King-Chavez Neighborhood of Schools and Smith Vocational and Agricultural High School, which utilize Extreme's technology for improved network performance and management. New capabilities support bandwidth-intensive applications such as AR/VR, while also simplifying IT operations and reducing costs.

Extreme Networks (Nasdaq: EXTR) announced new leadership appointments in its global sales organization on Feb. 2, 2022. Scott Peterson has been named Senior Vice President of Global Channel Sales, while Mark Dellavalle takes on the role of Senior Vice President of Global Systems Engineering. Both leaders will report to Joe Vitalone, Chief Revenue Officer. Peterson's extensive experience is expected to drive growth in the company’s channel program as it transitions to a SaaS model, while Dellavalle will enhance the systems engineering team.

Extreme Networks reported a strong performance for Q2 FY22, with revenue reaching $280.9 million, a 16% increase year-over-year. SaaS ARR grew by 55% to $88.3 million. GAAP EPS improved to $0.10 compared to a loss of $0.02 last year. Despite supply chain challenges, the company achieved a non-GAAP operating margin of 13.1%, up from 10.2%. The firm also executed a $25 million share repurchase. Positive momentum is backed by a significant backlog of nearly $300 million and new partnerships, including with Manchester United and the NHL.

Extreme Networks (Nasdaq: EXTR) announces its role as the Official Wi-Fi Analytics Provider for Super Bowl LVI, taking place on February 13, 2022, at SoFi Stadium, California. This marks the company's ninth consecutive Super Bowl. ExtremeAnalytics™, utilized in 29 NFL stadiums, helps optimize venue operations and enhances fan experiences through data analytics. SoFi Stadium expects over 70,000 attendees, with insights showing an 80% take rate of fans connected during the last Super Bowl. Extreme's solutions offer real-time analytics for improved connectivity and experience.

Extreme Networks (Nasdaq: EXTR) has announced a multiyear partnership with the NHL, becoming the Official Wi-Fi Analytics Provider and Wi-Fi Partner in the U.S. through 2026. This collaboration will see the deployment of ExtremeAnalytics™ at select NHL arenas, enhancing network performance visibility and providing actionable insights for improving fan experiences. The partnership is expected to streamline venue operations and elevate game-day engagement through advanced Wi-Fi 6 access points. Extreme's solutions will help monitor network efficiency and capacity, benefiting NHL IT teams.

Extreme Networks (EXTR) has formed a multiyear partnership with Manchester United to serve as the Official Wi-Fi Network Solutions Provider. The installation of Extreme Wi-Fi 6 access points at Old Trafford aims to enhance the fan experience through fast and reliable connectivity. Key features include real-time analytics for improved venue operations, high-speed wireless for high-density environments, and a cloud-managed networking solution for efficient monitoring. This collaboration is expected to modernize the stadium experience, offering fans next-generation digital services on matchdays.

Extreme Networks, Inc. (Nasdaq: EXTR) announced it will release its financial results for the second fiscal quarter ended December 31, 2021, on January 27, 2022, before market open. This will be followed by a conference call at 8:00 a.m. ET. The call will be available via live webcast and can be accessed through the company's investor relations page.

Investors and interested parties are encouraged to participate in the earnings call to gain insights into the company’s financial performance and future outlook.

Extreme Networks (Nasdaq: EXTR) and NetNordic have launched a major cloud-managed network in Borås Stad, Sweden, turning it into a smart city. The initiative enhances public Wi-Fi access, benefiting citizens, local government, and healthcare services. With approximately 3,500 ExtremeWireless Wi-Fi 6 Access Points, the city achieves improved connectivity and streamlined network management. This advancement supports digital initiatives, enhances quality of life, and fosters economic growth.

Extreme Networks has launched Extreme Trusted Delivery, a carrier-grade solution aimed at enhancing the security and performance of critical network infrastructures. This technology is crucial for service providers transitioning from legacy systems, allowing them to verify hardware and software without service interruptions. With cyberattacks on the rise, this solution provides vital protections against supply chain threats. The Extreme 8000 Series switches, including the 8520 and 8720, will support this new capability.