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. (NASDAQ: EXTR) is described in its press releases as a leader in AI-driven cloud networking and AI-powered automation for networking. The EXTR news page on Stock Titan aggregates company-issued updates and market news so readers can follow how Extreme’s technology, financial performance, and strategic initiatives evolve over time.
News about Extreme frequently focuses on its AI-powered networking platforms, including Extreme Platform ONE and ExtremeCloud IQ, and on deployments of its wired and wireless solutions in demanding environments. Recent announcements highlight Wi‑Fi 7 solutions, high-density stadium and arena networks, government and healthcare deployments, and partnerships such as the extended relationship with the National Football League as Official Wi‑Fi Network Solutions Provider and Official Wi‑Fi Analytics Provider.
Investors and technology watchers can also find earnings releases, conference call announcements, and financial guidance updates, which describe trends in product revenue, subscription and support revenue, and SaaS annual recurring revenue (SaaS ARR). Additional news items cover events like Investor Day, AI-focused summits, and changes in board composition, all of which provide insight into Extreme’s strategic direction and governance.
By reviewing the EXTR news feed, readers can see how Extreme positions its AI-first networking strategy, where its solutions are being adopted across the Americas, EMEA, and APAC, and how management discusses growth in recurring revenue and cloud-managed networking. Bookmark this page to quickly access new press releases, financial updates, and sector-specific deployment stories related to Extreme Networks.
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.
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.
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).
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