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Extreme Networks Inc Stock Price, News & Analysis

EXTR Nasdaq

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

Extreme Networks Inc (EXTR) delivers innovative networking solutions for enterprise cloud environments and wired/wireless infrastructure. This news hub provides investors and technology professionals with essential updates on corporate developments, product innovations, and market positioning.

Access real-time press releases covering earnings announcements, strategic partnerships, and technology advancements in SD-WAN solutions and unified network management systems. Our curated collection serves as your primary source for tracking EXTR's progress in addressing complex connectivity challenges across education, healthcare, and government sectors.

Discover updates on cloud networking initiatives, infrastructure upgrades, and global expansion efforts. The resource is particularly valuable for monitoring how EXTR balances hardware innovation with software-defined networking services in competitive markets.

Bookmark this page for streamlined access to verified information about network security developments, customer success stories, and executive leadership updates. Return regularly to stay informed about how Extreme Networks continues shaping enterprise connectivity solutions worldwide.

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Extreme Networks (Nasdaq: EXTR) has announced the strategic hire of David Nuti as Head of Security Sales. Nuti, a recognized expert in SASE best practices and strategies, brings extensive experience in scaling disruptive technologies in cybersecurity. He will focus on advancing Extreme's cybersecurity revenue growth and driving the strategy and expansion of the company's Universal Zero Trust Network Access (UZTNA) solution.

Extreme is at the forefront of converging networking, security, and AI with solutions like Extreme Network Fabric, ExtremeCloud™ Universal ZTNA, Extreme Air Defense™, and ExtremeCloud SD-WAN. Over 5,000 customers have deployed Extreme Fabric to enhance security through network segmentation and automation. The company aims to set a new standard for robust, proactive cybersecurity in a hyperconnected world.

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The Schall Law Firm has announced a class action lawsuit against Extreme Networks, Inc. (NASDAQ:EXTR) for alleged violations of securities laws. The lawsuit covers investors who purchased the company's securities between July 27, 2022 and January 30, 2024. The firm encourages affected shareholders to contact them before October 15, 2024.

The complaint alleges that Extreme Networks made false and misleading statements to the market. Specifically, it claims the company faced weak client demand due to over-ordering during the COVID-19 pandemic and attempted to offset this by misrepresenting backlog orders. The lawsuit asserts that these actions led to materially false public statements throughout the class period, resulting in investor damages when the truth was revealed.

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The Schall Law Firm has announced a class action lawsuit against Extreme Networks, Inc. (NASDAQ:EXTR) for alleged violations of securities laws. The lawsuit covers investors who purchased Extreme Networks securities between July 27, 2022, and January 30, 2024. The complaint alleges that the company made false and misleading statements about client demand trends and backlog orders. Specifically, it claims Extreme Networks faced weak demand due to customers over-ordering during the COVID-19 pandemic and attempted to offset this by misrepresenting backlog orders. Affected investors are encouraged to contact the firm before October 15, 2024, to participate in the case.

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Extreme Networks (Nasdaq: EXTR), a leader in cloud networking, announced that several NFL clubs including the Packers, Texans, Vikings, and Chargers, are deploying its solutions to enhance fan experiences and operational efficiency. Utilizing Wi-Fi 6E and ExtremeCloud™ Business Insights, the teams aim to improve connectivity, mobile applications, and operational management.

The 2024 NFL season marks Extreme's 12th as the official Wi-Fi and Wi-Fi analytics provider. The Chargers will use Extreme's Wi-Fi 6E at their 150,000 sq. ft. practice facility, enhancing mobile app performance and data transfer. The Vikings will deploy AI-native cloud networking at their 66,000-seat stadium, improving mobile ticketing and video replays. The Packers upgraded Lambeau Field with Wi-Fi 6E for seamless fan connectivity. The Texans' NRG Stadium will also offer high-speed connectivity and leverage data insights for better operational management.

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Extreme Networks (Nasdaq: EXTR) has announced its investor conference schedule for August and September 2024. The company's executives will participate in six major technology and investor conferences:

1. Oppenheimer's 27th Annual Technology, Internet & Communications Conference (Virtual, Aug 12)
2. 2024 Evercore ISI Semiconductor, IT Hardware & Networking Conference (Chicago, Aug 27)
3. Jefferies Semiconductor, IT Hardware & Communications Technology Conference (Chicago, Aug 28)
4. Piper Sandler Growth Frontiers Conference (Nashville, Sep 11)
5. B. Riley Securities 7th Annual Consumer & TMT Conference (New York, Sep 12)
6. Lake Street BIG8 Investor Conference (New York, Sep 12)

Presentations will be available via webcast on the company's Investor Relations website.

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Extreme Networks (Nasdaq: EXTR) has completed the deployment of a high-speed Wi-Fi network at Anfield, home of Liverpool Football Club (LFC). The new network, implemented in partnership with Verizon Business, aims to enhance fan experiences and streamline stadium operations. Key features include:

1. Seamless connectivity for 61,000 seats, supporting mobile ticketing, cashless payments, and concessions.
2. ExtremeAnalytics providing real-time data on fan preferences and behaviors.
3. ExtremeCloud IQ for easy network management and performance optimization.

This upgrade brings the 139-year-old stadium into the digital age, blending history with modern innovation. The project showcases Extreme's expertise in delivering connectivity solutions for high-density, iconic venues.

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Extreme Networks (NASDAQ: EXTR) reported its Q4 and fiscal year 2024 financial results. Key highlights include:

  • Q4 revenue of $256.7 million, a 29% decrease year-over-year, but a 22% increase quarter-over-quarter.
  • SaaS ARR grew by 29% year-over-year to $167 million.
  • GAAP loss per share of $0.42, compared to GAAP diluted EPS of $0.19 in the previous year.
  • Non-GAAP loss per share of $0.08, compared to Non-GAAP diluted EPS of $0.33 in the previous year.
  • GAAP gross margin decreased to 44.7% from 58.9% year-over-year, and non-GAAP gross margin declined to 45.4% from 60.2%.
  • Fiscal year 2024 revenue was $1.117 billion, down 15% year-over-year.
  • GAAP loss per share for the fiscal year was $0.65, compared to a diluted EPS of $0.58 in the prior year.
  • Non-GAAP diluted EPS for the fiscal year was $0.32, compared to $1.09 in the previous year.
  • Extreme has formed a co-innovation alliance with Intel to enhance AI capabilities and completed several key projects including a new Wi-Fi network at Anfield.
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Extreme Networks (Nasdaq: EXTR) has formed a co-innovation alliance with Intel's Connectivity Analytics Program to enhance AI capabilities in its Extreme AI Expert™ solution. This collaboration aims to optimize network performance, detect security threats, personalize user experiences, and reduce operational costs by leveraging network data, device data, and Generative AI (GenAI).

The partnership will provide increased visibility into both network and client devices, driving the development of GenAI tools for enterprise networking and security optimization. Extreme AI Expert, introduced at Extreme Connect 2024, combines Extreme's knowledge bases with network data to offer insights and recommendations for network design, deployment, and management. Integration of Intel-connected device data will improve recommendations and extend the solution's knowledge base.

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Extreme Networks (Nasdaq: EXTR) announced the release of its fourth fiscal quarter and fiscal year 2024 financial results on August 7, 2024, before market open. The earnings conference call and webcast will follow at 8:00 a.m. ET.

The company encourages participants to join the call fifteen minutes in advance for a smooth experience. Interested parties can access the call through a provided link for dial-in details, and those wishing to participate in the Q&A session need to register.

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Extreme Networks, Inc. (Nasdaq: EXTR) has announced its investor conference schedule for May and June 2024. The schedule includes participation in prominent conferences such as Needham 19th Annual Technology, Media, & Consumer Conference, J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference, Bank of America Global Technology Conference, and Rosenblatt Securities 4th Annual Technology Summit. The company's executives will be presenting and conducting meetings at these events, with live webcasts available on the Extreme Networks website for investor access.

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FAQ

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

The current stock price of Extreme Networks (EXTR) is $13.99 as of May 2, 2025.

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

The market cap of Extreme Networks (EXTR) is approximately 1.7B.
Extreme Networks Inc

Nasdaq:EXTR

EXTR Rankings

EXTR Stock Data

1.66B
129.18M
2.92%
92.62%
3.97%
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