Extreme Networks (EXTR)
Extreme Networks (EXTR) is a networking company specializing in software-driven networking solutions, including switches, routers, and wireless access points. Founded in 1996, the company provides enterprise and service provider networks with infrastructure for data centers, campus environments, and cloud applications. Known for its focus on innovation and customer-centric networking, Extreme Networks offers software platforms that enable automation, security, and analytics across modern network environments.
Company News
Extreme Networks reported strong Q4 FY2025 financial results, beating revenue and earnings estimates with 19.6% year-over-year revenue growth and significant margin improvements, driven by cloud and AI-powered networking solutions.
Global enterprise networking market valued at $429.8 billion in 2023, expected to grow at 6.3% CAGR through 2028, driven by wireless, cloud, and IoT connectivity demands amid remote work trends.
Investors have the opportunity to lead a securities fraud lawsuit against Extreme Networks, Inc. The lawsuit alleges that the company misled investors about its demand trends, backlog, and financial performance.
Amid global macroeconomic challenges, the Zacks Computer - Networking industry players like CSCO, EXTR and LTRX are poised to benefit from the accelerated 5G deployment