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 develops AI-powered cloud networking products for enterprise, campus, venue, healthcare, education and public-sector environments. The company’s updates commonly cover Extreme Platform ONE, AI automation, analytics, network security, wired and wireless infrastructure, SD-WAN capabilities, and Wi-Fi 7 access points managed through its cloud platform.
News for EXTR also includes customer deployments in high-density venues and campuses, platform enhancements, third-party device management, autonomous networking features such as Extreme Agent ONE, quarterly financial results, SaaS annual recurring revenue trends, supply-chain actions, guidance updates and investor conference participation.
Extreme Networks reported record data and Wi-Fi usage during the 2021-2022 NFL season, highlighting the digital engagement of fans. An average of 6.21 TB of data was transferred per game, a 34% increase from the previous season. During Super Bowl LVI, 57,618 unique devices connected, and data usage soared to 31.2 TB, an 18% increase compared to 2020. This performance underscores Extreme's role in enhancing in-stadium experiences through its cloud-driven Wi-Fi solutions, showcasing significant peak network utilization and high fan engagement.
Extreme Networks (Nasdaq: EXTR) announced its participation in the Morgan Stanley Technology, Media & Telecom Conference on March 7–8, 2022, in San Francisco. Ed Meyercord, President & CEO, will conduct one-on-one meetings on March 7. Extreme Networks, a leader in cloud-driven networking solutions, serves over 50,000 customers globally, leveraging technologies like machine learning and automation for digital transformation.
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 (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 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 (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 (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, 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.