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Extreme Networks Inc (EXTR.OQ)

EXTR.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Extreme networks inc says entered into second amendment to amended and restated credit agreement - SEC filing
Tuesday, 18 Jul 2017 06:39am EDT 

July 18 (Reuters) - Extreme Networks Inc :Extreme networks inc says on July 14, entered into second amendment to amended and restated credit agreement - SEC filing.Extreme networks - second amendment increases amount of available borrowing in senior secured credit facilities from $140.5 million to $243.7 million.Extreme networks - second amendment extends maturity date under existing term loan facility and termination date under existing revolving loan facility.Extreme networks inc - second amendment makes available an additional incremental loan facility in a principal amount of up to $50 million.Extreme networks inc - on July 14, company borrowed $80 million under term loan facility, a part of which was used to fund purchase of an acquisition.Extreme networks - borrowing in senior secured credit facilities made of term loan facilities up to $183.7 million, revolving loan facilities up to $60 million.  Full Article

Extreme Networks acquisition of Avaya Networking expected to close on July 14th
Tuesday, 11 Jul 2017 04:05pm EDT 

July 11 (Reuters) - Extreme Networks Inc ::Extreme Networks acquisition of Avaya networking expected to close on Friday July 14th.Extreme Networks Inc - continues to anticipate transaction will be accretive to cash flow and earnings for its fiscal year 2018.Extreme Networks Inc - expects to generate over $200 million in annualized revenue from acquired networking assets from avaya.  Full Article

Extreme Networks sees Q4 2017 revenue $168 mln-$178 mln
Wednesday, 3 May 2017 04:11pm EDT 

May 3 (Reuters) - Extreme Networks Inc :Extreme Networks reports third quarter fiscal year 2017 financial results.Q3 non-gaap earnings per share $0.10.Q3 revenue $148.7 million versus i/b/e/s view $155.9 million.Q3 earnings per share view $0.08 -- Thomson Reuters I/B/E/S.Sees q4 2017 revenue $168 million to $178 million.Q3 gaap loss per share $0.05.Q4 earnings per share view $0.14, revenue view $172.9 million -- Thomson Reuters I/B/E/S.Extreme Networks Inc sees gaap earnings of $0.04 to $0.07 per diluted share in q4.  Full Article

Extreme Networks to acquire Brocade's data center networking business
Wednesday, 29 Mar 2017 04:11pm EDT 

Extreme Networks Inc - : Extreme Networks to acquire Brocade's data center networking business . Brocade's data center networking business will be sold to extreme for $55 million in cash . Deal for $55 million in cash . Extreme expects acquisition to be accretive to cash flow and earnings for its fiscal year 2018 . Acquisition is expected to close within 60 days following closing of Broadcom's acquisition of Brocade. . Extreme expects to fund transaction with funds resulting from an anticipated amendment increasing its existing credit facility .Expects to generate over $230 million in annualized revenue from acquired assets.  Full Article

Extreme Networks signs agreement to purchase Avaya's networking business
Tuesday, 7 Mar 2017 04:05pm EST 

Extreme Networks Inc : Extreme Networks signs agreement to purchase Avaya's networking business . Extreme Networks Inc - under terms of agreement, assets of Avaya's networking business unit will be sold to extreme for approximately $100 million .Extreme Networks Inc - expect combined businesses can achieve synergies and provide accretion to extreme's fiscal 2018 earnings and cash flow.  Full Article

Extreme Networks reports Q2 loss per share $0.08
Wednesday, 1 Feb 2017 04:05pm EST 

Extreme Networks Inc - : Extreme Networks reports second quarter fiscal year 2017 financial results . Q2 non-gaap earnings per share $0.12 . Q2 revenue $148.1 million versus I/B/E/S view $152.4 million . Q2 earnings per share view $0.07 -- Thomson Reuters I/B/E/S . Sees q3 2017 revenue $151 million to $161 million . Q2 GAAP loss per share $0.08 . Q3 earnings per share view $0.06, revenue view $155.8 million -- Thomson Reuters I/B/E/S . Says gaap gross margin is targeted between 53.4% and 54.5% and non-gaap gross margin is targeted between 55.5% and 56.5% for q3 . Sees Q3 gaap loss per share of $0.07 to $0.11 .Sees Q3 non-gaap earnings per share $0.06 to $0.10.  Full Article

Extreme Networks says started executing plan to re-align company's resources - SEC filing
Friday, 6 Jan 2017 05:09pm EST 

Extreme Networks Inc : Extreme Networks Inc - on Jan 5, 2017, co approved and on January 6, 2017 began executing a plan to re-align company's resources - SEC filing . Extreme Networks Inc - company expects to incur charges in range of $6 to $8 million in connection with plan . Extreme Networks - plan is expected to reduce overall costs of co and to accelerate achievement of co 10 pct operating income margin target objectives - SEC filing .Extreme Networks - potential savings expected to be achieved will yield annualized savings of approximately $8 million upon completion of plan.  Full Article

Extreme Networks entered into an amended and restated credit agreement
Monday, 31 Oct 2016 08:51am EDT 

Extreme Networks Inc : Extreme Networks Inc says on October 28, co entered into an amended and restated credit agreement - SEC filing . Extreme Networks says credit agreement provides for $50 million five-year revolving credit facility and a $90.5 million five-year term loan - SEC filing .Extreme Networks says on Oct 28, co borrowed approximately $100.5 million under senior secured credit facilities in order to pay off existing debt.  Full Article

Extreme Networks sees Q1 adjusted earnings $0.04-$0.09 per share
Wednesday, 3 Aug 2016 04:05pm EDT 

Extreme Networks Inc : Q4 revenue $140 million versus i/b/e/s view $142.1 million . Q4 earnings per share view $0.10 -- Thomson Reuters I/B/E/S . Sees q1 2017 revenue $121 million to $131 million . Extreme networks reports fourth quarter and fiscal year 2016 financial results . Q4 non-gaap earnings per share $0.10 . Q4 gaap loss per share $0.02 . On an annual basis for fiscal year 2017 targeting revenue growth of 2% to 4% . Fy2017 earnings per share view $0.32 -- Thomson Reuters I/B/E/S . Q1 revenue view $125.7 million -- Thomson Reuters I/B/E/S . For q1 2017, company is targeting gaap revenue in a range of $120.6 million to $130.6 million .Sees Q1 GAAP earnings between loss of $0.01 to $0.06 per share; sees Q1 non-gaap earnings $0.04 to $0.09 per share.  Full Article

Extreme Networks names Drew Davies as CFO
Tuesday, 17 May 2016 08:40am EDT 

Extreme Networks Inc: Extreme networks names Drew Davies as chief financial officer . Ken Arola, current CFO, will work with Mr. Davies to ensure a seamless transition of his responsibilities . Davies succeeds Ken Arola .Davies most recently served as vice president, corporate controller at Marvell Semiconductor Inc.  Full Article

BRIEF-Extreme Networks acquisition of Avaya Networking expected to close on July 14th

* Extreme Networks acquisition of Avaya networking expected to close on Friday July 14th