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.
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.
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.
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.
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.
Extreme Networks, Inc. reports financial results for Q3 fiscal year 2024. Despite a 36.5% revenue decrease, SaaS ARR grew by 38%. The company aims for revenue growth in FY25, focusing on networking, security, and AI integration. Extreme Connect 2024 unveiled innovations like Extreme AI Expert and Wi-Fi 6E deployments. Extreme recognized key customers and was named a Leader by Gartner. Financially, GAAP EPS declined to ($0.50), while non-GAAP EPS dropped to ($0.19). Cash balance decreased to $151.0 million, but net debt improved to ($41.5 million).
FAQ
What is the current stock price of Extreme Networks (EXTR)?
What is the market cap of Extreme Networks (EXTR)?
