Extreme Networks Inc Stock Price, News & Analysis

Extreme Networks (NASDAQ: EXTR) will announce its financial results for the third fiscal quarter ending March 31, 2023 before the market opens on April 26, 2023. Following the announcement, the company will host an earnings conference call and webcast at 8:00 a.m. ET. To access the call via phone, participants are encouraged to register in advance to receive dial-in details. The company specializes in cloud networking, leveraging technologies such as machine learning and automation, and serves over 50,000 customers globally.

For more information, visit Extreme Networks' website.

Extreme Networks announced several healthcare organizations globally are deploying its networking solutions to enhance patient care and optimize operations. Notable clients include Concord Hospital, West Suffolk NHS Foundation Trust, and CHU Dijon Bourgogne. The solutions focus on providing secure connectivity for bandwidth-intensive applications and protecting sensitive data. Features like ExtremeCloud IQ facilitate seamless management and automation in healthcare settings, helping reduce errors and improve efficiency.

These advancements are critical as healthcare providers increasingly rely on digital technologies to deliver quality care.

Extreme Networks (NASDAQ: EXTR) has successfully deployed high-capacity Wi-Fi 6 networks at five major NASCAR racetracks, enhancing connectivity for up to 125,000 fans simultaneously. This initiative includes venues such as Daytona International Speedway and Talladega Superspeedway, addressing previous connectivity issues experienced in rural locations. The new system supports enhanced features like live streaming, mobile payments, and real-time operational insights via ExtremeAnalytics and ExtremeCloud IQ, aiming to enrich race day experiences for fans and streamline operations.

Extreme Networks has enhanced its ExtremeCloud™ SD-WAN platform with integrated network fabric capabilities. This upgrade allows customers to securely connect diverse environments such as data centers and remote locations within a single interface. Key improvements include automated workflows, enhanced user experience, and reduced deployment time by over 90%. Additionally, customers can boost application performance and network security through hyper-segmentation. The new IPE2200 hardware supports 10 Gbps, targeting high-bandwidth applications. These advancements position Extreme Networks to better serve a distributed workforce and compete effectively in the cloud networking market.

Extreme Networks (NASDAQ: EXTR) has appointed Justin Hurst as the Head of the Office of the CTO for the Asia-Pacific region. Hurst aims to enhance the company’s presence in APAC by collaborating with customers and partners to identify technology trends and business opportunities. With over 20 years of experience, including his role as Field CTO at Nutanix, Hurst will leverage his expertise to drive broader adoption of Extreme's cloud networking solutions. The company views APAC as a significant growth area, and Hurst's leadership is expected to create immediate impact and align product innovation with regional needs.

Extreme Networks (NASDAQ: EXTR) announced the resignation of CFO Rémi Thomas, effective February 16, 2023, as he takes a new role at a private software company. The firm has engaged an executive search firm to find a successor. In the interim, Senior VP Cristina Tate will serve as acting CFO. CEO Ed Meyercord praised Thomas for his contributions, particularly during acquisitions and navigating supply chain challenges. Tate, with a strong background in finance, is expected to ensure a smooth transition as the company anticipates accelerated growth.

Extreme Networks, Inc. (Nasdaq: EXTR) reported Q2 FY23 revenues of $318.3 million, a 13% increase year-over-year and 7% quarter-over-quarter. SaaS ARR reached $115 million, growing 29% year-over-year. GAAP diluted EPS was $0.13, up from $0.10 last year, while non-GAAP diluted EPS increased to $0.27 from $0.21. Gross margins improved to 57.1% GAAP and 58.5% non-GAAP. The company raised its FY23 revenue outlook to the higher end of 10-15%, citing strong demand mainly in government, education, and healthcare sectors. Operating cash flow was $70.6 million with free cash flow at $67.5 million.

Extreme Networks, Inc. (NASDAQ: EXTR) has announced that customers worldwide, including major locations like Harry Reid International Airport and Green Bay Area Public Schools, are using its network fabric solutions. These solutions simplify network management, enhance security, and improve operational efficiency. Key benefits include decreased attack surfaces, robust performance in varying environments, and advanced automation capabilities for scaling network services. The company’s innovations support connectivity across diverse sectors, ultimately turning networks into profit centers.

Extreme Networks (Nasdaq: EXTR) will release its financial results for the second fiscal quarter ended December 31, 2022 before market open on January 25, 2023. An earnings conference call will be held at 8:00 a.m. ET. Investors can access the webcast on the company’s investor relations website. Extreme Networks is a leader in cloud networking, serving over 50,000 customers globally with innovative solutions leveraging machine learning and analytics.