Extreme Networks Inc Stock Price, News & Analysis

Extreme Networks, Inc. (Nasdaq: EXTR) announced its intent to acquire Ipanematech SAS, the SD-WAN division of Infovista, for €60 million (approx. $73 million) in cash. This acquisition will enhance ExtremeCloud's portfolio, adding cloud-managed SD-WAN and security solutions vital for the evolving Infinite Enterprise. Ipanema's technology will enable superior application performance in diverse network conditions and deepen Extreme's European presence. The deal is projected to be neutral to Non-GAAP EPS in FY22 and accretive in FY23, expected to close in October 2021.

Extreme Networks (Nasdaq: EXTR) has announced its upcoming virtual investor conference schedule for August and September 2021. Key presentations will include Ed Meyercord, President & CEO, at the Oppenheimer 24th Annual Technology Conference on August 11, and Rémi Thomas, CFO, at the Jefferies Semiconductor Summit on September 1. Live webcasts will be available on the Investor Relations section of Extreme's website, ensuring accessibility for stakeholders.

The company continues to focus on enhancing its cloud-driven networking solutions, trusted by over 50,000 customers worldwide.

Extreme Networks announces the launch of its third course in the Extreme Academy Live IT training program, titled Advance Your Career, starting on August 5. This four-week, free course aims to equip participants with knowledge of the networking industry's role in business outcomes without requiring prior IT experience. The program, which already has over 11,000 enrollees, includes real-world examples and aims to enhance both technical and non-technical skills necessary for success in IT.

Extreme Networks reported Q4 2021 revenue of $278.1 million, a 29% increase year-over-year, with a GAAP EPS of $0.08. For the full year, total revenue reached $1.009 billion, up 6% from 2020. The company achieved a non-GAAP operating margin of 10.9% and generated $127.4 million in free cash flow. Notably, bookings grew 36% year-over-year in Q4, driven by strong demand for its solutions. However, the company faces supply chain challenges that impact delivery timelines, along with an increased product backlog.

Extreme Networks (Nasdaq: EXTR) announced the launch of its new enterprise-grade Wi-Fi 6E access point, the Extreme AP4000, capable of operating in the 6 GHz frequency spectrum. Designed for high-density environments like schools and healthcare facilities, the AP4000 enhances connectivity and security while supporting a dense device population. Priced from $999 USD, this access point provides advanced features including high-efficiency data rates up to 3.9 Gbps and low latency connections. This launch positions Extreme as a leader in Wi-Fi 6E deployment.

Extreme Networks (Nasdaq: EXTR) has appointed Calvin Rowland as Senior Vice President of Software-as-a-Service (SaaS). With over 25 years of experience, including leadership roles at F5 Networks, Rowland will drive SaaS initiatives and foster ecosystem programs. His expertise is expected to enhance Extreme's SaaS portfolio and consumer-centric solutions. Nabil Bukhari, CTO of Extreme, emphasized the significance of consumer-centric leadership in evolving their networking solutions. Rowland's proven track record includes building strategic alliances with major tech companies.

Extreme Networks (EXTR) has announced the release date for its fourth fiscal quarter and year-end 2021 financial results, set for July 28, 2021, before market open. A conference call will occur at 8:00 a.m. ET the same day, allowing stakeholders to hear about the company's financial performance and outlook. The event can be accessed via the provided link, and a recording will be available for seven days post-conference. This update highlights the company's continued transparency with investors regarding its financial health.

Extreme Networks (Nasdaq: EXTR), a leader in cloud-driven networking, has been identified as the second-ranking vendor in the cloud-managed network services market by 650 Group. With a remarkable 101% growth year-over-year, Extreme outpaces the overall market growth of 38%. Its cloud management platform, ExtremeCloud IQ, is currently trusted to manage nearly 1.6 million network devices daily and is notable for its compliance with key security certifications. The company anticipates ongoing market expansion fueled by innovations in AI and analytics.

Extreme Networks, Inc. (Nasdaq: EXTR) announced the launch of the Extreme 9000 series, featuring the Extreme 9920 intelligent network visibility platform. Set for general availability in June 2021, the 9920 is designed with cloud-native principles for enhanced scalability, traffic aggregation, and advanced network packet processing. Key features include a flexible and scalable design, cloud-native composability, and a microservices API-first management. This innovation aims to support service providers in adapting to emerging 5G use cases and dynamic network demands.