Extreme Networks Inc Stock Price, News & Analysis

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.

Extreme Networks (Nasdaq: EXTR) announced that NJ TRANSIT, New Jersey's public transportation system, has implemented its networking solutions to enhance connectivity and passenger security. The deployment includes advanced management software and switching solutions, allowing NJ TRANSIT to maintain operational uptime during approximately 270 million rides annually. The network covers a vast area with 5,325 miles, facilitating the management of 251 bus routes and 12 rail lines. This collaboration aims to simplify network operations and improve safety for millions of passengers.

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.

Summary not available.

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.