Extreme Networks Inc Stock Price, News & Analysis

Extreme Networks (Nasdaq: EXTR) has announced its Virtual Investor Day, scheduled for February 23, 2021, at 11:00 AM ET. This event aims to update attendees on the company's market position, vision, and business outlook as enterprises adopt cloud-based networking and transition into the 5G era. Additionally, Extreme Networks will participate in the Morgan Stanley Virtual Technology, Media and Telecom Conference on March 3, 2021, featuring a presentation by CEO Ed Meyercord at 1:15 PM ET.

Extreme Networks (EXTR) announced preliminary financial results for Q2 FY21, with revenue between $238 million and $248 million. The company reported GAAP EPS ranging from -$0.04 to $0.02, while non-GAAP EPS is expected between $0.11 and $0.17. A potential adjustment in distributor rebates may lead to a one-time contra revenue increase but will not affect cash balances. The company's cloud networking platform saw significant growth, with active customer accounts up 4% and a 140% YoY increase in cloud subscription bookings. A strong focus on cost management facilitated a $40 million debt repayment.

Extreme Networks (Nasdaq: EXTR) has updated the timing for its upcoming earnings conference call, now scheduled for January 27, 2021, at 2:30 p.m. PT (5:30 p.m. ET). This call will discuss the financial results for the second fiscal quarter ended December 31, 2020. Dial-in information remains unchanged. Interested parties can listen to the call via the company’s investor relations website.

Extreme Networks announced that Jefferson County Public Schools (JCPS) in Kentucky has deployed nearly 8,400 Wi-Fi 6 access points and ExtremeCloud IQ network management, enhancing digital education for 200,000 users across 169 schools. This upgrade facilitates remote learning, data-driven safety measures, and supports various educational initiatives, including iPads and Chromebooks for students. JCPS utilized E-Rate funds for this project, ensuring a secure and resilient network, essential during the ongoing COVID-19 crisis.

Extreme Networks (Nasdaq: EXTR) has launched E-Rate eligible networking solutions for K-12 schools and public libraries, addressing the increased demand for technology due to the COVID-19 pandemic. The company offers reliable, high-speed connectivity through cloud-driven Wi-Fi 6 access points and edge-to-core wired infrastructure. ExtremeCloud™ IQ enhances network management with AI and machine learning, allowing for improved operational efficiency and security. Over 17,000 schools worldwide utilize Extreme's technology, supporting modern educational initiatives and ensuring scalable, cost-effective solutions.

Extreme Networks (EXTR) announces its upcoming financial results for the second fiscal quarter ending December 31, 2020. The earnings release will occur before the market opens on January 27, 2021, followed by a live conference call at 8:00 a.m. ET. In addition, a Virtual Investor Day is scheduled for February 23, 2021, to discuss the company's market position and long-term strategy as it navigates the 5G era and increasing cloud demand.

Extreme Networks (EXTR) has launched its ExtremeCloud IQ management platform hosted in Microsoft Azure data centers in Toronto, enhancing data privacy for Canadian clients. This initiative allows enterprises to manage networks locally, fostering compliance with data sovereignty regulations. Additionally, Extreme is expanding its software engineering workforce in Thornhill, Ontario, by 10%. The platform manages over 1.1 million devices daily and offers unprecedented cloud deployment options, making it the fastest-growing provider in cloud-managed networking.

Extreme Networks (EXTR) announced the launch of Extreme Academy Live, a free eight-week training program starting December 3, aimed at providing students with essential networking and technology skills. This initiative is part of a broader effort to bridge the digital divide and respond to the growing demand for IT professionals, with a reported 278% increase in job postings for enterprise architects since 2019. Partnering with various colleges and IT firms globally, Extreme Academy offers industry certifications, ensuring participants are equipped for high-demand technology careers.

Extreme Networks (EXTR) has partnered with Deutsche Telekom to launch NBLS 2.0, an advanced managed net-based LAN service using ExtremeCloud IQ. This innovative platform offers unlimited data access, proactive monitoring, and improved performance metrics for customers in over 20 countries. Existing Telekom customers will migrate to this new service at no additional cost, gaining enhanced data security, flexibility, and streamlined network management. The collaboration aims to support digital transformation efforts and meets the increasing demand for reliable cloud-based networking solutions.