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Extreme Networks Inc. - EXTR STOCK NEWS

Welcome to our dedicated news page for Extreme Networks (Ticker: EXTR), a resource for investors and traders seeking the latest updates and insights on Extreme Networks.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Extreme Networks's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Extreme Networks's position in the market.

News
Extreme Networks Strengthens Executive Leadership Team
Rhea-AI Summary
Extreme Networks, Inc. (Nasdaq: EXTR) appoints Norman Rice as Chief Commercial Officer to drive revenue growth and streamline leadership team for long-term growth
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.36%
Tags
management
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News
Extreme Networks Provides Update to Q2 Outlook
Rhea-AI Summary
Extreme Networks, Inc. (Nasdaq: EXTR) announces a business update on the financial results for its second quarter ended December 31, 2023. The company expects second quarter revenues to be approximately $294 to $297 million, lower than the prior outlook of $312 to $327 million. Annualized subscription and support revenue is expected to be approximately $430 million, with 41% year over year subscription growth. Recurring revenue is expected to account for 33% of total revenue. Gross margin is expected to be toward the higher end of the prior guidance range for the quarter. The company’s ending cash balance for the quarter was $221.4 million. The revised outlook reflects industry headwinds of channel digestion and elongated sales cycles. The company remains confident in its long-term strategy and ability to achieve double-digit long-term revenue and EPS growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.36%
Tags
none
-
News
Extreme Networks Appoints Monica Kumar as Chief Marketing Officer
Rhea-AI Summary
Extreme Networks, Inc. (Nasdaq: EXTR) appoints Monica Kumar as the new Executive Vice President and Chief Marketing Officer (CMO). Kumar brings extensive B2B marketing experience and a history of accelerating growth through compelling product differentiation and impactful, revenue-generating go-to-market strategies. She will lead the company’s global marketing organization and work to elevate Extreme’s brand and value proposition through unique go-to-market motions and strategic partnerships.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.33%
Tags
management
News
RSR and Extreme Networks Report: 63% of Financially Lucrative Retailers Say Wi-Fi Has Dramatically Improved Store Operations and Customer Experiences
Rhea-AI Summary
Extreme Networks™, Inc. (Nasdaq: EXTR) and Retail Systems Research (RSR) released a report highlighting the value of network investments in improving store operations. The report emphasizes the growing consumer demands for in-store mobile experiences and the challenges faced by retailers in meeting these demands. Key findings include the integral role of Wi-Fi in offering a cutting-edge in-store shopping experience, the challenges of technology adoption, and the opportunities presented by Wi-Fi in improving store operations. The report also highlights the strategic investments made by retailers with above-average year-over-year sales growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.19%
Tags
none
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News
Philadelphia Flyers and Winnipeg Jets Go Top Shelf with Extreme Wi-Fi 6 and 6E
Rhea-AI Summary
Extreme Networks™, Inc. (Nasdaq: EXTR) announces Wi-Fi 6 and Wi-Fi 6E deployment at NHL clubs for improved fan experience and operational efficiency. The Wells Fargo Center and Canada Life Centre chose Extreme solutions to deliver high-speed, low latency connectivity for fans and club officials. Key facts include fast, reliable Wi-Fi for modern fan experiences, network analytics for tapping into fan preferences, and a foundation for future technology investments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.09%
Tags
none
-
News
ExtremeCloud Universal ZTNA Sets New Industry Standard for Simple, Secure Network Access
Rhea-AI Summary
Extreme Networks (Nasdaq: EXTR) introduced ExtremeCloud Universal Zero Trust Network Access (ZTNA), a subscription service for ExtremeCloud customers, offering network, application, and device access security within a single solution. This simplifies IT management and security for user access across various locations and supports IoT devices. Universal ZTNA is part of Extreme's One Network, One Cloud strategy, aiming to reduce enterprise networking costs and complexity. It will be available in early 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.24%
Tags
none
News
Extreme Networks Announces Investor Conference Schedule for November and December 2023
Rhea-AI Summary
Extreme Networks, Inc. (Nasdaq: EXTR) has announced its investor conference schedule for November and December 2023. The company will host an Investor Day at the Headquarters of Major League Baseball (MLB) in New York City and virtually on November 7, 2023. They will also participate in the Needham & Company Virtual Tech Week on November 14, 2023, the Raymond James TMT & Consumer Conference in New York on December 4, 2023, and the Oppenheimer 4th Annual 5G Summit on December 11, 2023. The company will conduct meetings throughout the day at each conference. A live webcast of each conference presentation will be available on the Extreme Networks website and will be archived for at least 30 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.13%
Tags
none
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News
Extreme Networks Reports First Quarter Fiscal Year 2024 Financial Results
Rhea-AI Summary
Extreme Networks Inc. (Nasdaq: EXTR) reported a revenue growth of 19% in its fiscal first quarter ended September 30, 2023. The company also saw a doubling of its GAAP EPS due to increased operating leverage. Cloud adoption drove a 30% growth in SaaS ARR. However, the company expects more tempered revenue growth for the rest of the year due to changing customer buying patterns based on macroeconomic conditions in certain geographies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.39%
Tags
earnings
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News
Extreme Recognized for Reduction in Energy Usage, Recycling Tons of E-Waste
Rhea-AI Summary
Extreme Networks has been recognized for its sustainability efforts, reducing energy usage by 19% in fiscal year 2023. Schneider Electric named Extreme as a 'Most Emerging TZCP Supplier' in 'The Zero Carbon Project.' Evergreen IT Solutions awarded Extreme with a 'Sustainability Excellence Award 2023' for its IT equipment recycling practices. Extreme has set carbon reduction goals and reduced natural gas consumption by 6% in fiscal year 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.51%
Tags
none
News
Extreme Networks Schedules First Quarter Fiscal 2024 Financial Results Conference Call
Rhea-AI Summary
Extreme Networks, Inc. to release Q1 financial results on November 1, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.12%
Tags
earnings
Stock EXTR logo
Extreme Networks Inc.

Nasdaq:EXTR

EXTR Rankings

#2146 Ranked by Market Cap
#1096 Ranked by Stock Gains
N/A Ranked by Dividends

EXTR Stock Data

1.38B
125.09M
2.64%
92.56%
9.12%
Telephone Apparatus Manufacturing
Manufacturing
Link
US
San Jose

About EXTR

extreme networks, inc. (extr) delivers software-driven networking solutions that help it departments everywhere deliver the ultimate business outcome: stronger connections with customers, partners and employees. wired to wireless, desktop to data center, on-premise or through the cloud, we go to extreme measures for our 20,000-plus customers in more than 80 countries, delivering 100% insourced call-in technical support to organizations large and small, including some of the world's leading names in business, education, government, healthcare, manufacturing, and hospitality. founded in 1996, extreme is headquartered in san jose, california. for more information, visit extreme's website or call 1-888-257-3000.