Extreme Networks, Inc. provides software-driven networking solutions worldwide. It designs, develops, and manufactures wired and wireless network infrastructure equipment; and develops software for network management, policy, analytics, security, and access controls. The company offers ExtremeCloud IQ, an ML/AI powered, wired, and wireless cloud network management solution that offers advanced visibility and control over users, devices, and applications; ExtremeCloud IQ Â Site Engine that provides task automation, access control, granular visibility with real-time analytics and multi-vendor device management; and ExtremeCloud IQ Essentials offers WIPS, location services, IoT, and guest management services. It also provides wireless access point products; ExtremeSwitching portfolio that includes access edge products that offer physical presentations along with options to deliver Ethernet or convergence-friendly Power-over-Ethernet (POE), including high-power universal POE; aggregation/core switches designed to address aggregation, top-of-rack, and campus core environments; and data center switches and routers. In addition, the company offers cloud native platforms and applications for service providers; and customer support and services. It markets and sells its products through distributors, resellers, and field sales organizations to healthcare, education, government, manufacturing, retail, and hospitality markets. Extreme Networks, Inc. was incorporated in 1996 and is headquartered in Morrisville, North Carolina.
IPO Year: 1999
Exchange: NASDAQ
Website: extremenetworks.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/16/2024 | $14.00 | Hold → Buy | Craig Hallum |
| 5/2/2024 | $15.00 → $17.00 | Neutral → Buy | Rosenblatt |
| 4/15/2024 | $14.00 | Neutral → Buy | B. Riley Securities |
| 2/1/2024 | $19.00 → $15.00 | Buy → Neutral | Rosenblatt |
| 2/1/2024 | $22.00 → $14.00 | Buy → Neutral | UBS |
| 11/1/2023 | Buy → Hold | Lake Street | |
| 11/1/2023 | Outperform → Perform | Oppenheimer | |
| 9/22/2023 | $30.00 | Buy | UBS |
| 8/3/2023 | $25.00 → $30.00 | Buy → Neutral | B. Riley Securities |
| 6/28/2023 | $35.00 | Outperform | Oppenheimer |
Now in Limited Availability, Extreme Platform ONE helps reduce manual tasks by up to 90 percent, offering the deepest and widest network visualization and industry's simplest licensing EXTREME CONNECT: Extreme Networks, Inc. (NASDAQ:EXTR) today launched new capabilities within Extreme Platform ONE™, now in Limited Availability—becoming the first in the industry to integrate conversational, multimodal, and agentic AI into one powerful enterprise networking platform. Extreme Platform ONE breaks down silos between networking and security, automates tasks through AI agents, and offers the industry's simplest licensing—reducing mundane networking tasks from hours to minutes and minutes to secon
Extreme Networks, Inc. (NASDAQ:EXTR), a leader in AI-powered automation for networking, today announced its investor conference schedule for May and June 2025: 20th Annual Needham Technology, Media, & Consumer 1x1 Conference Kevin Rhodes, Executive Vice President (EVP) and Chief Financial Officer (CFO) Stan Kovler, SVP, Finance and Corporate Development Virtual Friday, May 9, 2025 12:45 p.m. ET Fireside chat and conducting meetings throughout the day 53rd Annual J.P. Morgan Global Technology, Media and Communications Conference Ed Meyercord, President and Chief Executive Officer Kevin Rhodes, EVP and CFO Stan Kovler, SVP, Finance and Corporate Development Boston, MA Tuesday, May 13, 2
Marks Fourth Consecutive Quarter of Sequential Revenue Growth Strong Funnel Provides Increased Visibility and Confidence in Outlook Extreme Networks, Inc. ("Extreme") (NASDAQ:EXTR) today released financial results for its third quarter ended March 31, 2025, highlighting strong execution, continued market recovery in enterprise networking and Extreme's fourth consecutive quarter of sequential revenue growth. "Our continued growth reflects our elevated team performance as it pertains to generating opportunities and improving win rates, particularly among new logos we won from larger competitors. The simplicity of our cloud networking platform, differentiation of our enterprise campus fabri
Extreme Networks, Inc. (NASDAQ:EXTR), a leader in AI-powered automation for networking, today announced plans to release financial results for its third fiscal quarter 2025, ended March 31, 2025. The company will announce before market open on Wednesday, April 30, 2025, followed by an earnings conference call and webcast at 8:00 a.m. ET. The details for the webcast are: When: Wednesday, April 30, 2025 at 8:00 a.m. ET (5:00 a.m. PT) Where: https://investor.extremenetworks.com Dial in/webcast: To access the call by phone or webcast, please go to this link (Registration Link) and you will be provided with dial-in details. To avoid delays, we encourage participa
Company creates new executive role to drive the interlock between innovation and customer experience Extreme Networks, Inc. (NASDAQ:EXTR), a leader in AI-powered automation for networking, today announced it has appointed Anisha Vaswani as Chief Information and Customer Officer (CICO). Vaswani will report directly to Extreme President and CEO Ed Meyercord. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250312313303/en/Anisha Vaswani, Chief Information and Customer Officer at Extreme Networks (Photo: Business Wire) As CICO, Vaswani will develop and implement the company's overall IT strategy, ensuring that technology investments
Enhanced Wireless Connectivity and Network Insights Elevate Fan Experiences and Streamline League Operations Extreme Networks, Inc. (NASDAQ:EXTR), a leader in AI-powered automation for networking, today announced that it has been selected as the Official Wi-Fi Solutions and Analytics Supplier of the United Soccer League (USL), the largest and fastest-growing professional soccer organization in North America. With Extreme's industry-leading Wi-Fi and cloud networking solutions, USL teams can deliver seamless fan experiences, gain actionable insights on both fan behavior and network performance and benefit from streamlined operations. Modern stadium experiences, from retail POS systems to
Industry's first and only consumption-based billing model, with poolable licensing, creates significant benefits and cost savings for partners and customers alike Extreme Networks, Inc. (NASDAQ:EXTR), a leader in AI-powered automation for networking, today announced the upcoming general availability of Extreme Platform ONE™ for Managed Service Providers (MSPs). Built on a unique AI-driven multi-tenant architecture, consumption-based billing, and poolable licensing, Extreme Platform ONE delivers unmatched flexibility, simplicity, and cost savings, enabling MSPs to manage customers at scale. Extreme's MSP program allows partners to offer innovative networking, security, and AI solutions tha
Extreme Networks, Inc. (NASDAQ:EXTR), a leader in AI-powered automation for networking, today announced that its Board of Directors has authorized a share repurchase of $200 million of common stock over a three-year period, commencing July 1, 2025. Extreme has approximately $50 million remaining from the share repurchase authorization approved in May 2022, which expires June 30, 2025. Kevin Rhodes, Extreme's Executive Vice President and CFO said, "We have resumed our buyback activity after several quarters of sequential growth and improvement in cash flow. Given the confidence we have in our long-term growth prospects, we believe the best use of free cash flow is to deleverage our balance
E-Rate eligible solutions from Extreme create foundation for digital and collaborative learning, help lower costs for K-12 customers Extreme Networks, Inc. (NASDAQ:EXTR), a leader in AI-powered automation for networking, today announced new E-Rate eligible solutions for K-12 schools and public libraries in the U.S, including the company's Extreme Platform ONE™, a groundbreaking technology platform that reduces complexity for customers by seamlessly integrating networking, security and AI solutions. The E-Rate program gives public K-12 schools and libraries in the U.S. funding to deploy networking solutions that help improve operations and deliver better experiences for students and facult
Extreme Networks, Inc. (NASDAQ:EXTR), a leader in AI-powered automation for networking, today announced its investor conference schedule for February and March 2025: Susquehanna Financial Group, LLLP (SFG) Twelfth Annual Technology Conference Kevin Rhodes, Executive Vice President and Chief Financial Officer New York, NY Thursday, February 27, 2025 Conducting meetings throughout the day. Morgan Stanley Technology, Media & Telecom Conference Kevin Rhodes, Executive Vice President and Chief Financial Officer San Francisco, CA Tuesday, March 4, 2025 2:35 pm PST Fireside chat and meetings throughout the day. Cantor Global Technology Conference Kevin Rhodes, Executive Vice President
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Craig Hallum upgraded Extreme Networks from Hold to Buy and set a new price target of $14.00
Rosenblatt upgraded Extreme Networks from Neutral to Buy and set a new price target of $17.00 from $15.00 previously
B. Riley Securities upgraded Extreme Networks from Neutral to Buy and set a new price target of $14.00
Rosenblatt downgraded Extreme Networks from Buy to Neutral and set a new price target of $15.00 from $19.00 previously
UBS downgraded Extreme Networks from Buy to Neutral and set a new price target of $14.00 from $22.00 previously
Lake Street downgraded Extreme Networks from Buy to Hold
Oppenheimer downgraded Extreme Networks from Outperform to Perform
UBS initiated coverage of Extreme Networks with a rating of Buy and set a new price target of $30.00
B. Riley Securities downgraded Extreme Networks from Buy to Neutral and set a new price target of $30.00 from $25.00 previously
Oppenheimer initiated coverage of Extreme Networks with a rating of Outperform and set a new price target of $35.00
Marks Fourth Consecutive Quarter of Sequential Revenue Growth Strong Funnel Provides Increased Visibility and Confidence in Outlook Extreme Networks, Inc. ("Extreme") (NASDAQ:EXTR) today released financial results for its third quarter ended March 31, 2025, highlighting strong execution, continued market recovery in enterprise networking and Extreme's fourth consecutive quarter of sequential revenue growth. "Our continued growth reflects our elevated team performance as it pertains to generating opportunities and improving win rates, particularly among new logos we won from larger competitors. The simplicity of our cloud networking platform, differentiation of our enterprise campus fabri
Extreme Networks, Inc. (NASDAQ:EXTR), a leader in AI-powered automation for networking, today announced plans to release financial results for its third fiscal quarter 2025, ended March 31, 2025. The company will announce before market open on Wednesday, April 30, 2025, followed by an earnings conference call and webcast at 8:00 a.m. ET. The details for the webcast are: When: Wednesday, April 30, 2025 at 8:00 a.m. ET (5:00 a.m. PT) Where: https://investor.extremenetworks.com Dial in/webcast: To access the call by phone or webcast, please go to this link (Registration Link) and you will be provided with dial-in details. To avoid delays, we encourage participa
Consistent Execution Drives Third Quarter of Sequential Revenue Growth, Powering Earnings Above Guidance Extreme Networks, Inc. ("Extreme") (NASDAQ:EXTR) today released financial results for its second quarter ended December 31, 2024, highlighting continued market recovery in enterprise networking, and marking Extreme's third consecutive quarter of sequential revenue growth. "Our competitive win rates continue to improve, especially with larger enterprise customers. Our success is based on the simplicity and feature differentiation of our cloud networking platform and unique enterprise campus fabric solution. Changes in the competitive environment and early traction with our commercial
Extreme Networks, Inc. (NASDAQ:EXTR), a leader in AI-powered automation for networking, today announced plans to release financial results for its second fiscal quarter 2025, ended December 31, 2024. The company will announce before market open on Wednesday, January 29, 2025, followed by an earnings conference call and webcast at 8:00 a.m. ET. The details for the webcast are: When: Wednesday, January 29, 2025 at 8:00 a.m. ET (5:00 a.m. PT) Where: http://investor.extremenetworks.com/ Dial in/webcast: To access the call by phone or webcast, please go to this link (Registration Link) and you will be provided with dial-in details. To avoid delays, we e
Beats Revenue and EPS Guidance Sequential Revenue Growth Drives Margin Improvement and Cash Flow Extreme Networks, Inc. ("Extreme") (NASDAQ:EXTR) today released financial results for its first quarter ended September 30, 2024. "Our first quarter results highlight the early stages of market recovery and upside from projects that closed earlier than anticipated. Extreme's differentiated enterprise networking solutions continue to resonate with customers and drive competitive wins. The strength of our cloud management platform, enhanced with our advanced AI tools, is evidenced by growth in SaaS ARR, which is up 23 percent year over year. The combination of our cloud, with our truly unique e
Extreme Networks, Inc. (NASDAQ:EXTR), a leader in cloud networking, today announced plans to release financial results for its first fiscal quarter 2025, ended September 30, 2024. The company will announce before market open on Wednesday, October 30, 2024, followed by an earnings conference call and webcast at 8:00 a.m. ET. The details for the webcast are: When: Wednesday, October 30, 2024 at 8:00 a.m. ET (5:00 a.m. PT) Where: http://investor.extremenetworks.com/ Dial in/ webcast: To access the call by phone or webcast, please go to this link (Registration Link) and you will be provided with dial-in details. To avoid delays, we encourage participants to dial int
Revenue Growth in-line With Previous Outlook With 29% Year-over-Year Growth in SaaS ARR Extreme Networks, Inc. ("Extreme") (NASDAQ:EXTR) today released financial results for its fourth quarter and fiscal year ended June 30, 2024. "We're pleased to see strengthening global demand and to have moved past the historic challenges of the multi-year supply chain constraints. We successfully completed our initiatives to eliminate channel and inventory headwinds. Entering fiscal 2025, we have a significant growth opportunity based on the rapid convergence of cloud networking, generative AI and security. Our unique value proposition continues to resonate with enterprise customers and channel part
Extreme Networks, Inc. (NASDAQ:EXTR), a leader in cloud networking, today announced plans to release financial results for its fourth fiscal quarter and fiscal year end, ended June 30, 2024. The company will announce before market open on Wednesday, August 7, 2024, followed by an earnings conference call and webcast at 8:00 a.m. ET. The details for the webcast are: When: Wednesday, August 7, 2024 at 8:00 a.m. ET (5:00 a.m. PT) Where: http://investor.extremenetworks.com/ Dial in/webcast: To access the call by phone or webcast, please go to this link (Registration Link) and you will be provided with dial-in details. To avoid delays, we encourage partici
Financial Results in-line With Previous Outlook 38% Growth in SaaS ARR Extreme Networks, Inc. ("Extreme") (NASDAQ:EXTR) today released financial results for its third quarter ended March 31, 2024. "Extreme's focus on the intersection of networking, security, and AI is creating a compelling value proposition that's resonating with customers and driving significant traction in our business. Net new logos grew double-digits this quarter, particularly in the Americas. Our SaaS ARR grew again by 38%, as we continue to deliver on our promise of creating flexibility and simplicity with One Network, One Cloud. Our competitive positioning in the market has never been stronger, as we believe ke
Extreme Networks, Inc. (NASDAQ:EXTR), a leader in cloud networking, today announced plans to release financial results for its third fiscal quarter, ended March 31, 2024. The company will announce before market open on Wednesday, May 1, 2024, followed by an earnings conference call and webcast at 8:00 a.m. ET. The details for the webcast are: When: Wednesday, May 1, 2024 at 8:00 a.m. ET (5:00 a.m. PT) Where: http://investor.extremenetworks.com/ Dial in: To access the call by phone/webcast, please go to this link (Registration Link) and you will be provided with dial-in details. To avoid delays, we encourage participants to dial into the conference
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Company creates new executive role to drive the interlock between innovation and customer experience Extreme Networks, Inc. (NASDAQ:EXTR), a leader in AI-powered automation for networking, today announced it has appointed Anisha Vaswani as Chief Information and Customer Officer (CICO). Vaswani will report directly to Extreme President and CEO Ed Meyercord. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250312313303/en/Anisha Vaswani, Chief Information and Customer Officer at Extreme Networks (Photo: Business Wire) As CICO, Vaswani will develop and implement the company's overall IT strategy, ensuring that technology investments
Norman Rice Named Chief Commercial Officer; Streamlines Go-to-Market Team to Drive Long-Term Growth Extreme Networks, Inc. (NASDAQ:EXTR) today announced it has strengthened and realigned its executive team. Norman Rice has been elevated to the role of Chief Commercial Officer. In his new role, Rice will focus on driving revenue growth and leading the company's sales, partner, services and supply chain organizations. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240108426952/en/Norman Rice, Chief Commercial Officer, Extreme Networks (Photo: Business Wire) Rice joined the company in 2015 and most recently served as Chief Operat
20+ Year Tech Marketing Veteran to Help Drive Company Through Next Phase of Growth Extreme Networks™, Inc. (NASDAQ:EXTR) today announced that Monica Kumar has been appointed as the company's new Executive Vice President and Chief Marketing Officer (CMO). Kumar brings extensive B2B marketing experience with a history of accelerating growth through compelling product differentiation and impactful, revenue generating go-to-market strategies. Kumar will lead the company's global marketing organization and report to Extreme's President and CEO, Ed Meyercord. Kumar has deep industry and technical knowledge of enterprise cloud computing and a proven track record of simplifying complex product