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Extreme Networks (EXTR) Stock News, Jun-Jul 2020

EXTR Nasdaq

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.

Rhea-AI Summary

Extreme Networks (Nasdaq: EXTR) has appointed Nabil Bukhari as Chief Technology Officer while he continues as Chief Product Officer. This dual role allows Nabil to enhance the company's 'first mover' technology strategy, focusing on cloud-driven networking solutions that improve customer experiences. President Ed Meyercord praised Nabil's leadership and innovative approach. With over 20 years of experience, including leadership roles at Cisco and Seagate, Nabil aims to drive customer success and accelerate networking innovation.

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Extreme Networks (Nasdaq: EXTR) has launched Extreme Academy, a global initiative partnering with colleges and universities to provide an academic curriculum for IT professionals. This program covers networking, security, cloud fundamentals, and AI, equipping students with practical skills and certifications to enhance career prospects. Offered at no cost to educational partners, the initiative includes flexible lesson plans and real-world applications, aiming to bridge the gap between industry needs and academic training. Over 17,000 schools currently use Extreme's networking solutions.

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Extreme Networks (EXTR) announced that its cloud management platform, ExtremeCloud IQ, is now operational on Amazon Web Services, Google Cloud Platform, and Microsoft Azure. This makes Extreme Networks the only provider to deliver an ISO/IEC 27001 certified cloud networking solution across these major platforms. Customers benefit from unparalleled flexibility in selecting cloud hosting options, with access to over 1 million managed devices and 6 petabytes of data processed daily. Starting July 1, new subscribers will receive unlimited data access, a first in the industry.

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Extreme Networks has appointed Joe Vitalone as the new Chief Revenue Officer. With over 35 years of experience in sales and marketing, Vitalone will lead global sales and channel teams, reporting to Ed Meyercord, President and CEO. His past roles include senior positions at Mitel and ShoreTel, where he contributed to significant stock market successes. Vitalone aims to enhance Extreme's cloud-driven networking solutions and revenue growth. This leadership change is positioned to strengthen market share and partnerships globally.

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7.48%
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Extreme Networks (Nasdaq: EXTR) announced the launch of new Event and Venue Operations (EVO) Kits designed to facilitate digital transformation in sports and entertainment venues. These kits feature Wi-Fi 6 solutions that support digital ticketing and touchless payments, enhancing fan experiences while ensuring safety. Key offerings include high-performance outdoor access points and promotional pricing until August 31, 2020. Extreme is recognized as the Official Wi-Fi Solutions Provider for the NFL and has extensive deployments in venues worldwide.

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FAQ

What is the current stock price of Extreme Networks (EXTR)?

Extreme Networks (EXTR) last closed at $22.46.

What is the market cap of Extreme Networks (EXTR)?

The market cap of Extreme Networks (EXTR) is approximately $3.0B.