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Extreme Networks

    We have discontinued coverage of Extreme Networks.


    Extreme Networks

    Company Overview

    Headquartered in San Jose with 2,800 employees, Extreme Networks provides software-driven networking services for enterprise customers. Its products include wired and wireless network infrastructure equipment and software for network management, policy, analytics, and access controls. It offers high-density Wi-Fi, centralized management, cloud-based network management, and application analytics capabilities. The company serves a number of end-markets including Government & Education (>35% of sales), Healthcare (>10%), Manufacturing (~10%), Retail Logistics / Transportation (~10%), Telco / Service Provider (<10%), and Sports / Entertainment & Hospitality (<5%). Roughly half of the firm’s revenue is generated in the Americas, with the rest coming from Europe, the Middle East, Africa, and Asia-Pacific.


Analyst

John Roy, PhD
Managing Director

Recent Sector Insights

TECHNOLOGY
Extreme Networks (NASDAQ: EXTR)
Preliminary F1Q22 Results: 14% YoY Revenue Growth Drives Top & Bottom-Line Beats
· Update Note · 02 Nov 2021

Extreme Networks President and CEO Ed Meyercord said the F1Q22 was “a very strong first quarter, characterized by unprecedented bookings.” F1Q22 revenue was up 14% YoY, which followed the 29% YoY growth in F4Q21. The company said its “SaaS subscription bookings grew 71% during the quarter,” and c...

TECHNOLOGY
Extreme Networks (NASDAQ: EXTR)
Preliminary F4Q21 Results: 29% YoY Revenue Growth Drives Top & Bottom Line Beats
· Update Note · 02 Aug 2021

Extreme Networks President and CEO Ed Meyercord highlighted the record year for the company as it passed the billion-dollar revenue mark. The F4Q21 revenue was up 29% YoY, which followed the 21% YoY growth in F3Q21. The company said it is “in the strongest competitive position it's ever been in.”

TECHNOLOGY
Extreme Networks (NASDAQ: EXTR)
Preliminary F4Q21 Results: 29% YoY Revenue Growth Drives Top & Bottom Line Beats - Replica
· Update Note · 02 Aug 2021

Extreme Networks President and CEO Ed Meyercord highlighted the record year for the company as it passed the billion-dollar revenue mark.

TECHNOLOGY
Extreme Networks (NASDAQ: EXTR)
Preliminary F3Q21 Results: 21% YoY Revenue Growth Drives Top & Bottom Line Beats
· Update Note · 28 Apr 2021

Extreme described itself as “coming out of COVID in a stronger position than ever before,” with revenue of $253 million, which was $8 million above consensus. Non-GAAP EPS was $0.16, which was also above the consensus of $0.13. Non-GAAP gross margin came in at 61.5%, and a non-GAAP operating marg...

TECHNOLOGY
Extreme Networks (NASDAQ: EXTR)
Preliminary F2Q21 Results, But Over a Range
· Update Note · 28 Jan 2021

Extreme described its quarter as “very solid,” with revenue at the mid-point of $243 million, which was above the mid-point of guidance of $240 million and consensus at $241 million. Mid-point non-GAAP EPS was $0.14 also above consensus of $0.11. Non-GAAP gross margin came in above 60% with a ran...

TECHNOLOGY
Extreme Networks (NASDAQ: EXTR)
Networking Challenger Making Significant ESG Push
· Management Series · 14 Dec 2020

Extreme Networks is widely viewed as being well positioned for the growth of government, education, and 5G drivers to fuel incremental demand for its cloud-based systems.

TECHNOLOGY
Extreme Networks (NASDAQ: EXTR)
Fireside Chat Series: Extreme Network’s (EXTR) ESG Strategy with President & CEO Ed Meyercord and Katy Motiey, Chief Administrative and Sustainability Officer on Tuesday, December 1st, 3 pm EST
· Fireside Chat Invitation · 30 Nov 2020

We are pleased to host Ed Meyercord, President & CEO of Extreme Networks (EXTR) and Katy Motiey, Chief Administrative and Sustainability Officer, in our Water Tower Research Fireside Chat Series. This Fireside Chat is focused on the company's ESG strategy and includes a review of the company's re...

TECHNOLOGY
Extreme Networks (NASDAQ: EXTR)
Preliminary 1FQ21 Results and Post-Earnings CEO Fireside Chat
· Update Note · 02 Nov 2020

Extreme Networks is widely viewed as being well positioned for the growth of government, education and 5G drivers to fuel incremental demand for its cloud-based systems.

TECHNOLOGY
Extreme Networks (NASDAQ: EXTR)
Cloud-driven networking delivers a significant advantage
· Initiation Of Coverage Report · 19 Oct 2020

Extreme Networks is widely viewed as being well positioned for the growth of Government and Education, and to exploit its cloud-based systems.

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