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
The global networking support services market is projected to grow from $924.16 billion in 2024 to $1.50 trillion by 2031, driven by advancements in 5G, cloud computing, IoT, and software-defined networking technologies.
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.
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