EXTR News & Analysis
2 articles
Market Mood
Extreme Networks Inc (EXTR) Form 144 Filed on June 8, 2023
Extreme Networks Inc (EXTR) submitted Form 144 on June 8, 2023. This form generally signifies the intent to sell restricted or control securities. It typically involves details regarding the number of shares involved, which could indicate potential changes in ownership or liquidity of stock. Such filings may influence investor sentiment and stock performance depending on the volume of shares reported.
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Extreme Networks (EXTR) Reports Q3 Revenue of $317M, Up 11% YoY
Extreme Networks (EXTR) reported Q3 revenue of $317 million, an 11% increase year-over-year, exceeding guidance. The non-GAAP EPS was $0.26, a 24% rise from the previous year, with a non-GAAP operating margin of 15.2%. For Q4, management guides revenue to $330-335 million and FY26 revenue to $1.275-1.280 billion. SaaS ARR grew by 29% to $236 million, with subscription and support making up 36% of total revenue. This growth is supported by strong demand for higher-margin Wi-Fi 7 products.
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