what does extreme networks do

Trusted by more than half of the Fortune 50, Extreme is a market leader in cloud networking. You not only saved the customer but you validated your reputation as well. For its third quarter of fiscal 2021, ending March 31, 2021, the Company is targeting: Shares outstanding used in calculating GAAP EPS, Shares outstanding used in calculating non-GAAP EPS. Leverage Explainable Machine Learning for a more proactive IT operations team. In addition, withExtreme Capital Solutionswe offer competitive and flexible financing including subscription, capital leasing and usage business models to customers, partners and prospects looking to acquire Extreme Networks solutions. We have adjusted the fiscal 2020 non-GAAP tax provision to reflect the 2020 non-GAAP operating results to be comparable with fiscal 2021 results. To supplement the Company's consolidated financial statements presented in accordance with U.S. generally accepted accounting principles, ("GAAP"), Extreme uses non-GAAP measures of certain components of financial performance. Sign up here. 2,643 Employees . Digitalization has created exponentially increasing IT and network complexity. Extreme Networks Reports Second Quarter Fiscal Year 2021 Financial Results, Accounts receivable, net of allowance for doubtful accounts of, Current portion of long-term debt, net of unamortized debt issuance costs of, Long-term debt, less current portion, net of unamortized debt issuance costs of, http://www.prnewswire.com/news-releases/extreme-networks-reports-second-quarter-fiscal-year-2021-financial-results-301225338.html, GAAP gross margin 57.9% compared to 55.6% in Q2 last year, Non-GAAP gross margin 61.0% compared to 60.0% in Q2 last year, GAAP operating margin 2.4% compared to (5.7)% in Q2 last year, Non-GAAP operating margin 10.2%, compared to 9.0% in Q2 last year, Net cash provided by operating activities of, Since publishing its preliminary Q2 results on. History Ultimately, the Office of the CTO is a unit within Extreme with tasked with multiple roles: We report to Nabil, but were led on a day-to-today basis by Markus Nispel, VP of International Markets, Office of the CTO. Extreme has publicly stated that it anticipates "the transaction will generate over $230 million in additional annualized revenue from the acquired assets". Become part of something big with us. By clicking on any of the content or interacting with any section of this website, you are agreeing to this use of cookies in the manner described in ourPrivacy and Cookies Policy. Purchase accounting adjustments relating to the mark up of acquired inventory to fair value less disposal costs. [3] Gordon Stitt was a co-founder and served as chief executive officer until August 2006, when he retired and became chairman of the board of directors. Arrow keys can navigate between previous/next items and also move down into a nested menu. In this digital era, customers . And heres an Easter Egg for you, since you made it this far: Markus took the time from his day to record the voice-over for the video at the top of this post -- thats him in the white shirt at the 25-second mark. She started at Extreme in January 2021 as a Content Marketing Intern. Cammy is a Content Marketing Specialist at Extreme Networks. Extreme makes networking simple, flexible and scalable. Designated support, priority case-queuing, proactive management. What's it for? Replicating a similar dynamic in house without expertise in networking would be challenging and expensive. In 2017 and as a result of the Avaya networking business integration, Extreme Networks introduced Extreme Fabric Connect, a standards-based fabric technology based on enhanced IEEE 802.1aq Shortest Path Bridging and IETF 6329, Extreme Fabric Connect combines decades of experience with Ethernet and Intermediate System-to-Intermediate System (IS-IS) to deliver a next-generation technology that combines the best of Ethernet with the best of IP. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. Right Size to Do Business With With thousands of customers around the globe, Extreme remains nimble and responsive to ensure customer success. The general goal of the Office of the CTO is not just to come up with ideas for new products and innovations but to also bring these ideas and concepts to market and deliver revenue and profit. The relationship with Extreme is fantastic. Promote the advances and the momentum of the worlds most exciting networking company through best-in-class events and communications. Extreme Connect is back and LIVE in Nashville, Tennessee! Extreme's Fabric ties together One Network across data center, campus and branch. Extreme Networks has a rating of 4.5 stars with 267 reviews. "[3], In April 2013, Charles W. Berger (from ParAccel as it was acquired by Actian) replaced Oscar Rodriguez as CEO.[4]. Net debt is defined as gross debt minus cash, as shown in the table below (in millions): Extreme reiterates the Q3 business outlook initially provided on January 27, 2021. Except as required under the U.S. federal securities laws and the rules and regulations of the U.S. Securities and Exchange Commission, Extreme disclaims any obligation to update any forward-looking statements after the date of this release, whether as a result of new information, future events, developments, changes in assumptions or otherwise. The company has finalized its quarter-end procedures and is reporting its final Q2 financial results. As of June 30, 2020, we had U.S. federal net operating loss carryforwards of $310 million and state net operating loss carryforwards of $181 million. Why is WPA2 Security Still Prevalent in the Enterprise? As a result of this change, non-GAAP net income for the second quarter of fiscal 2020 changed from $0.13 per diluted share as previously reported to $0.11 per diluted share. The acquisition officially closed on July 17, 2017. The network as a whole is getting more complex, and when you consider a vendor, one of the key differentiators you need to look at is whos going to help you extract the most value out of your network infrastructure technology and utilize all its features. Beginning with our first quarter of fiscal 2021, we have assumed our U.S. federal and state net operating losses would have been fully consumed by the historical non-GAAP financial adjustments, eliminating the need for a full valuation allowance against our U.S. deferred tax assets which consequently, enables our use of research and development tax credits which were previously not utilizable. Get in touch with us directly. [5], In September 2020, analyst firm Omdia named Extreme Networks the fast-growing vendor in cloud-managed networking. [1] Early investors included Norwest Venture Partners, AVI Capital Management, Trinity Ventures, and Kleiner Perkins Caufield & Byers. Dual-radio indoor value-tier Universal Access Point with Wi-Fi 6E coverage and external antenna option. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. Keep in mind that from a products perspective, things can become commoditized depending on what youre looking to purchase. Built-in security, location services, and IoT controls enable a modern, connected experience that unlocks business value. Extreme Networks has a rating of 4.5 stars with 267 reviews. Our innovative solutions help more than 50,000 customers across the globe securely connect devices and applications in new ways, helping to enrich customer experiences, reduce risk, improve operating efficiency, and grow top line revenue. The schools mission is to provide students with a strong foundation in arts and technology as part of preparation for college. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. This business outlook is based on current expectations. Extreme Networks, Inc. (Extreme) is a provider of end-to-end, cloud-driven networking solutions and top-rated services and support. First, you need to understand the position of the CTO. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. When you buy a new product, its important to evaluate the coinciding services that can augment the effectiveness of your network. If your passion runs in that same direction, its time to consider a career with Extreme. Leverage our network of trusted partners to get the network components you need to transform vision into reality. End-users of universal platforms can use the same hardware to run multiple Extreme operating systems, providing flexibility and choice while optimizing total cost of ownership.[15]. Show C-suite decision makers a vision of how Extreme can help them transform operations and better connect with their customers. Our world-class support and service teams maximize the effectiveness of your network and create unmatched ROI. We note that hedge funds don't have a meaningful investment in Extreme Networks. Extreme Networks / About Extreme Networks / Career Find Solutions Contact Us Website Feedback Careers at Extreme Networks There has never been a better time to join Extreme Networks. Ensure your high capacity network is optimized by identifying associated users, devices, and applications, and applying contextualized network policies to prioritize, restrict, or limit network performance at an individual or group level. Extreme has been an amazing partner for us. We are a well-established, global company with a nimble and entrepreneurial spirit. Extreme's core values are Teamwork, Transparency, Candor, Curiosity, Ownership and Inclusion. Extreme Introduces Cloud-Native Network Visibility Platform for Service Providers, Delivers Unprecedented Clarity into Enterprise Network Utilization. Amortization of acquired intangibles. Thought leadership in the high-tech world. 04-03-2014 06:11 PM. On further inspection, we found that more than half the company's shares are owned by the top 9 shareholders, suggesting that the interests of the larger shareholders are balanced out to an extent by the smaller ones. If a downtime does occur out of normal business hours for tech support, it is . Tri-radio IP67-rated outdoor access point with high-density Wi-Fi 6 coverage with modular design and software programmable antennas to support stadium deployments. Of course, keep in mind that there are other factors to consider, too. Extreme Networks offers a complete portfolio of different service offerings that can assist our customers with our technology throughout the product support life-cycle. But to understand Extreme Networks better, we need to consider many other factors. Professional serviceswill come as part of the process, and once equipment is installed, maintenance services are a great option for consideration. If you want to know who really controls Extreme Networks, Inc. (NASDAQ:EXTR), then you'll have to look at the makeup of its share registry. It makes sense to ensure your network has the best possible maintenance plan. On April 19, 2015, Charles W. Berger resigned as CEO, and was replaced by Board Chairman Ed Meyercord. The company has finalized its quarter-end procedures and is reporting its final Q2 . Our innovative solutions help more than 50,000 customers across the globe securely connect devices and applications in new ways, helping to enrich customer experiences, reduce risk, improve operating efficiency, and grow top line revenue. Diversity is at our Core, we have multiple Employee Resources Groups for everyone. Even though our technology acquisitions, we stayed focused on customers and ensuring their needs were exceeded. ", Camille Mendler, Chief Analyst, Enterprise Services, Omdia"5G is a powerful technology that demands equally powerful management tools. A highly scalable, secure platform with a range of cloud-native deployment options simplifies device management and data sovereignty requirements. In addition, we offer higher level services for customers who are looking for a higher touch engagement. [17], In May 2023 at the company's annual user conference Extreme Connect, Extreme Networks announced it had created the first networking cloud continuum with the addition of ExtremeCloud Edge as well as the industry's smallest, greenest Wi-Fi 6E access point (AP3000). Learn More Support Services 7x24x365 Technical Support, Product Updates, On-Site Maintenance Services Learn More Premier Services Optimize and protect the network with industry leading network management to capture meaningful performance and security insights about devices, users, and clients. Having diversity and inclusion as part of our core values and beliefs, were proud to foster an environment where every Extreme employee can thrive because of their differences, not despite them. Extreme Academy has one purpose in mind to help educate and inspire the next generation of technologists and prepare them for the workplace. DFS in the 5GHz spectrum refers to specific bands/channels that must co-exist with weather, police, and other radar applications. Our 100% in-house, 7/24/365 team of global IT experts provide guidance to optimize your IT environment and address network challenges. Hence, having a considerable amount of institutional money invested in a company is often regarded as a desirable trait. The Company provides a set of solutions from the Internet of things (IoT) edge to the cloud, it designs, develops, and manufactures wired and wireless network infrastructure equipment, as well as a cloud networking platform and applications portfolio using cloud . Align cloud and enterprise solutions to achieve business outcomes. This small, low-power 2x2:2 access point also features extended temperature range. Investor Relations Estimate your Wi-Fi access point requirements with our free tool. Gartner, a company delivering actionable, objective insight to executives and their teams, has recognized Extreme Networks as a Leader in the 2022 Gartner Magic Quadrant for Wired and Wireless LAN Infrastructure for the fifth year in a row. Learn More Bringing Digital-First Learning Into the Classroom With Enhanced Wireless. Non-GAAP measures have limitations in that they do not reflect all of the amounts associated with Extreme's results of operations as determined in accordance with GAAP. When you buy a new product, it's important to evaluate the coinciding services that can augment the effectiveness of your network. As a result of these risks and others, actual results could vary significantly from those anticipated in this press release, and the company's financial condition and results of operations could be materially adversely affected. We expect double-digit year-over-year revenue growth and margin expansion due to increased demand in the marketplace for our differentiated solutions in the second half of FY21," stated Ed Meyercord, President and CEO of Extreme. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. In this digital era, customers need a provider that will help them drive competitive advantage, accelerate innovation and improve customer experience. They are looking for a network provider to challenge the status quo. Extreme Introduces Cloud-Native Network Visibility Platform for Service Providers, Delivers Unprecedented Clarity into Enterprise Network Utilization, http://www.prnewswire.com/news-releases/extreme-introduces-cloud-native-network-visibility-platform-for-service-providers-delivers-unprecedented-clarity-into-enterprise-network-utilization-301299346.html. This will allow your technical resources to spend more time on strategic initiatives internally, rather than keeping the lights on and running the network. Extreme Networks Reports Second Quarter Fiscal Year 2021 Financial Results. Extremes solutions are exactly what we need based on our vision to improve the overall experience at our hospital. Simon Gilbrook, IM&T Network Specialist, West Suffolk Hospital NHS Trust. You can check here to see if those insiders have been buying recently. Join us in the Music City for our user conference and optimize your investment with Extreme Networks. Without access to it, youll fall behind. While the expectation is that good quality equipment doesnt generally cause issues, the unexpected does happen, and youll want tomake sure your network is back up and running and fast as possible. The initial public offering in April 1999 was listed on the NASDAQ stock exchange as ticker "EXTR. Universal Wireless AP5050U and AP5050D Tri-radio IP67-rated outdoor Universal Access Point with ultra high-density Wi-Fi 6E coverage with modular design and software programmable antennas to support stadium deployments. Our most recent data indicates that insiders own some shares in Extreme Networks, Inc.. For example, at Extreme, we have support engineers and technicians who have long tenure with us, and they were involved in the development of the products. We push the boundaries of technology leveraging the powers of machine learning,. Advanced topics include data analytics, artificial intelligence, and machine learning. Factors may include the content in the review, feedback provided by other readers, the age of the review, and other factors that indicate review quality. Want to know more about Extreme Networks Services? Tri-radio IP67-rated outdoor Universal Access Point with ultra high-density Wi-Fi 6E coverage with modular design and software programmable antennas to support stadium deployments. Capable of running multiple operating systems for on-premises and/or cloud management. Adjustments to reconcile net loss to net cash provided by operating activities: Reduction in carrying amount of right-of-use asset, Non-cash restructuring and impairment charges. As you can see, institutional investors have a fair amount of stake in Extreme Networks. (in millions, except percentages and per share information). More information about potential factors that could affect the Company's business and financial results are described in "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" included in the Company's Annual Report on Form 10-K for the year ended June 30, 2020, Quarterly Report on Form 10-Q for the quarter ended September 30, 2020, and other documents of the Company on file with the Securities and Exchange Commission (available at www.sec.gov). Extreme has great products so we don't have to call for support often, but when we do we always get someone who's extremely knowledgeable and courteous and handles our problem very quickly. The solution provides common visibility, policy and authentication services across the entire infrastructure. Having a trusted adviser available through the vendor support team to work with you is going to turbo charge the return on your investment, allow you to run your business more efficiently and take advantage of the digital transformation youre going through as a company. Nabil Bukhari, Chief Technology Officer and Chief Product Officer, Extreme Networks"With this new intelligent network visibility solution, Extreme is reducing complexity and minimizing opportunities for error by enabling service providers to more easily adapt and scale for new use cases without predefining every specific scenario. Our 100% in-sourced, global IT experts help simplify and transform IT environments. The site navigation utilizes keyboard functionality using the arrow keys, enter, escape, and spacebar commands. Download 2022 Gartner Magic Quadrant Report. Maintenance services provide full access to the Extreme support organization for help with any potential issues or replacing products should the need arise. Plus, having a network in the first place means that there will always be updates and upgrades necessary with the software that comes along with your equipment. 5G is the first generation of cellular technologies built on cloud-native principles, and most traditional network visibility tools cannot be easily adapted for future use cases like autonomous vehicles or industrial IoT. These include, among others, the potential impact of any adjustment to the company's distributor rebate accrual (and issues arising therefrom), changes resulting from the completion of the quarter-end review process, the company's failure to achieve targeted revenues and forecasted demand from end customers; a highly competitive business environment for network switching equipment and cloud management of network devices; the company's effectiveness in controlling expenses; the possibility that the company might experience delays in the development or introduction of new technology and products; customer response to the company's new technology and products; risks related to pending or future litigation; macroeconomic and political and geopolitical factors, a dependency on third parties for certain components and for the manufacturing of the company's products; and the impacts of COVID-19, and any worsening of the global business and economic environment as a result, on the company's business. Enter will open a nested menu and escape will close the current menu. Arrow keys can navigate between previous/next items and also move down into a nested menu. As described above, Extreme excludes the following items from one or more of its non-GAAP measures when applicable. 7x24x365 Technical Support, Product Updates, On-Site Maintenance Services. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. [We needed] a simple, efficient, automated network to maintain our growing ecosystem. Whether you are a current university student, a recent graduate, or an early in career professional looking to make a positive shift in your career path Extreme Networks has exciting and diverse opportunities around the globe. As an organization, we are 100 percent committed to delivering better business outcomes for your organization. Secure corporate, guest, BYOD, and IoT devices to enterprise levels with a range of authentication options and granular network policies that can be applied globally or customized for local access. Looking for your community feed? Extreme Networks, Inc. (EXTR) creates effortless networking experiences that enable all of us to advance. They are looking for a network provider to challenge the status quo. After more than two decades in business, one thing we at Extreme know for certain is that technical know-how is not enough to sustain customers and attract new ones. Our commitment is to customer success. These non-GAAP measures include non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating margin, non-GAAP operating income, non-GAAP net income, non-GAAP earnings per diluted share and non-GAAP free cash flow.

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