Extreme Networks Inc Stock Price, News & Analysis

Extreme Networks, Inc. (Nasdaq: EXTR) has been recognized as a Leader by Gartner in the 2020 Magic Quadrant for Wired and Wireless LAN Access Infrastructure, marking the third consecutive year in this position. The report indicates the company's strong ability to meet diverse customer needs and its well-rounded product portfolio. Additionally, Extreme's ExtremeCloud™ IQ platform enhances network management through advanced cloud capabilities. The company also earned a 4.9 out of 5 rating from customers on Gartner Peer Insights, reflecting high satisfaction across various sectors.

Extreme Networks (Nasdaq: EXTR) has announced its virtual conference schedule for November and December 2020, featuring CEO Ed Meyercord and CFO Rémi Thomas presenting at various events. Key dates include the Water Tower Research Virtual Conference on October 30, the JMP Small Cap Tech Forum on November 10, and the Credit Suisse Annual Technology Virtual Conference on December 2. Webcasts of these presentations will be available on the company's investor relations site and archived for 30 days.

Extreme Networks reported fiscal Q1 2021 results, revealing revenue of $235.8 million, down 8% year-over-year but up 9% sequentially. GAAP EPS improved to $(0.07) from $(0.31) last year, while non-GAAP EPS increased to $0.09 from $0.07.

Gross margins also showed improvement, with GAAP gross margins at 57.3% and non-GAAP at 60.3%. The company achieved a net cash flow of $24.7 million and free cash flow of $21.7 million, reflecting a strong operational performance.

Extreme Networks (Nasdaq: EXTR) has integrated Bluetooth and Bluetooth Low Energy Intrusion Prevention capabilities into its Extreme AirDefense Wireless Intrusion Prevention System. This advancement is designed to enhance security in mobile and IoT environments, addressing increasing threats to Bluetooth and BLE devices. AirDefense now offers the largest threat detection library in the industry, tracking over 325 threat vectors. Available at no extra charge for ExtremeCloud IQ Pilot subscribers, this system provides comprehensive visibility and security for businesses as they adapt to the growing reliance on wireless networks.

Extreme Networks (Nasdaq: EXTR) reported strong preliminary results for Q1 2021, with expected revenue between $233 million and $236 million, a 9% increase from the previous quarter. The company anticipates a GAAP loss per share of ($0.11) to ($0.08) but projects a non-GAAP EPS of $0.05 to $0.08. Also, $20 million of its $55 million revolving credit facility was repaid. Cash and cash equivalents stood at $193 million, with net debt at $203 million.

Extreme Networks, Inc. (Nasdaq: EXTR) announced the upgrade of ŠKODA AUTO's network infrastructure as part of its 2025 Strategy driven by digital transformation. This upgrade enhances stability, capacity, and staff productivity, ultimately aiding business growth. Using Extreme's solutions like Fabric Connect™ and Management Center™, ŠKODA AUTO achieves real-time network control, optimum security, and advanced performance insights. The collaboration promises reduced time to market and simplified maintenance, positioning ŠKODA AUTO for future growth amid increasing deliveries and product portfolio expansion.

Extreme Networks (Nasdaq: EXTR), based in San Jose, announced the launch of universal platforms for its switching and wireless portfolios. These platforms are designed to simplify ordering, licensing, and warranty processes, enhancing customer experience and reducing operational complexity. The new ExtremeSwitching 5520 Series and ExtremeWireless AP300C/AP400C access points offer flexibility in operating systems and deployment methods. Scheduled for release between November 2020 and January 2021, these platforms come with a lifetime warranty and technical support, aiming to lower total cost of ownership.

Extreme Networks, Inc. (Nasdaq: EXTR) announced the inclusion of five essential applications at no extra cost for subscribers of its ExtremeCloud™ IQ Pilot platform. This strategic move aims to enhance operational efficiency and simplify management for IT departments, which typically face additional charges for similar services from competitors. Key offerings include wireless intrusion prevention, location-based services, guest access capabilities, IoT device management, and compliance testing. The new mobile app allows for easy device onboarding and remote management, catering especially to extensive network infrastructures.