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Extreme Networks Inc (EXTR.OQ)

EXTR.OQ on NASDAQ Stock Exchange Global Select Market

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4:00pm EDT
Change (% chg)

$-0.07 (-1.07%)
Prev Close
$6.53
Open
$6.55
Day's High
$6.55
Day's Low
$6.37
Volume
204,641
Avg. Vol
284,145
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$7.10
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Latest Key Developments (Source: Significant Developments)

Extreme Networks to acquire Brocade's data center networking business
4:11pm 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

Extreme Networks Inc gives Q3 2016 guidance
Thursday, 28 Jan 2016 07:01am EST 

Extreme Networks Inc:Expects Q3 2016 GAAP revenue in a range of $117.6 million to $127.6 million with non-GAAP revenue in a range of $118.0 million to $128.0 million.Expects Q3 2016 GAAP net loss to be between $9.0 million to $13.0 million, or $0.09 to $0.13 per share.Expects Q3 2016 non-GAAP earnings in a range of a net loss of $1.0 million to net income of $3.0 million, or a loss of $0.01 to net income of $0.03 per diluted share.  Full Article

Extreme Networks Inc gives Q2 2016 guidance in line with analysts' estimates
Thursday, 29 Oct 2015 04:06pm EDT 

Extreme Networks Inc:Sees Q2 2016 GAAP revenue in a range of $129.6 million to $139.6 million with non-GAAP revenue in a range of $130 million to $140 million.Sees Q2 2016 GAAP net loss to be between $7.0 million to $11.0 million, or $0.07 to $0.11 per share.Sees Q2 2016 Non-GAAP earnings in a range of a net income of $6.5 million to $10.5 million, or $0.06 to $0.10 per diluted share.Q2 2016 revenue of $132 million and EPS of $0.06 - Thomson Reuters I/B/E/S.  Full Article

Extreme Networks Appoints John Kispert to be Chairman of the Board of Directors
Monday, 31 Aug 2015 08:30am EDT 

Extreme Networks Inc:Announces the appointment of John Kispert, to chairman of the board of directors, effective Aug. 25.  Full Article

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