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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 Reports Fourth Quarter Non-GAAP Earnings Per Share Of $0.06
Wednesday, 31 Jul 2019 

July 31 (Reuters) - Extreme Networks Inc ::EXTREME NETWORKS REPORTS FOURTH QUARTER FISCAL YEAR 2019 FINANCIAL RESULTS.Q4 NON-GAAP EARNINGS PER SHARE $0.06.Q4 GAAP LOSS PER SHARE $0.14.Q4 REVENUE $252.4 MILLION VERSUS REFINITIV IBES ESTIMATE OF $244.7 MILLION.Q4 EARNINGS PER SHARE ESTIMATE $0.04 -- REFINITIV IBES DATA.EXPECTING FISCAL YEAR 2020 ORGANIC REVENUE GROWTH TO BE IN LOW SINGLE-DIGIT RANGE.ON PLAN TO ACHIEVE OUR GOAL OF A 15% OPERATING MARGIN TOWARD YEAR-END FISCAL YEAR 2020.  Full Article

Extreme Networks To Align Work Force And Operating Expenses
Wednesday, 26 Jun 2019 

June 26 (Reuters) - Extreme Networks Inc ::EXTREME NETWORKS INC - BEGAN EXECUTING A PLAN TO ALIGN ITS WORK FORCE AND OPERATING EXPENSES.EXTREME NETWORKS INC - WILL INCUR CHARGES BEGINNING Q4 OF FISCAL 2019 THROUGH Q2 OF FISCAL 2020, INCLUSIVE, IN THE RANGE OF $14 TO $16 MILLION..EXTREME NETWORKS - POTENTIAL SAVINGS EXPECTED TO BE ACHIEVED AS RESULT OF ACTIONS ARE ANNUALIZED SAVINGS OF $24 TO $27 MILLION..  Full Article

Extreme Networks To Acquire Aerohive Networks
Wednesday, 26 Jun 2019 

June 26 (Reuters) - Aerohive Networks Inc ::EXTREME NETWORKS TO ACQUIRE AEROHIVE NETWORKS.EXTREME NETWORKS TO ACQUIRE AEROHIVE NETWORKS.AEROHIVE NETWORKS INC - PROPOSED DEAL FOR $4.45 PER SHARE IN CASH.AEROHIVE NETWORKS INC - PROPOSED DEAL FOR REPRESENTING AN AGGREGATE PURCHASE PRICE OF APPROXIMATELY $272 MILLION.AEROHIVE NETWORKS INC - DEAL IS EQUIVALENT TO AN ENTERPRISE VALUE OF $210 MILLION.AEROHIVE NETWORKS INC - DEAL FOR PRICE OF $4.45 PER SHARE IN CASH.AEROHIVE NETWORKS INC - EXTREME EXPECTS ACQUISITION TO BE ACCRETIVE TO NON-GAAP EARNINGS PER SHARE STARTING IN FISCAL YEAR 2020.AEROHIVE NETWORKS INC - DEAL NOT SUBJECT TO FINANCING CONDITION; EXTREME EXPECTS TO FUND DEAL FROM AVAILABLE CASH & COMMITTED DEBT FINANCING.  Full Article

Extreme Networks Reports Third Quarter Fiscal Year 2019 Financial Results
Wednesday, 1 May 2019 

May 1 (Reuters) - Extreme Networks Inc ::EXTREME NETWORKS REPORTS THIRD QUARTER FISCAL YEAR 2019 FINANCIAL RESULTS.Q3 REVENUE $250.9 MILLION VERSUS REFINITIV IBES ESTIMATE OF $253.5 MILLION.SEES FY 2019 REVENUE ABOUT $1.0 BILLION.SEES Q4 2019 REVENUE $240 MILLION TO $250 MILLION.OUR OUTLOOK FOR Q4 REFLECTS WEAKENING ECONOMIC ENVIRONMENT IN EMEA, LENGTHENING SALES CYCLES IN OUR WIRELESS BUSINESS.E-RATE FILINGS WERE UP 50% YEAR-OVER-YEAR.QTRLY EARNINGS PER SHARE $0.08.E-RATE FILINGS WERE UP 50% YEAR-OVER-YEAR, BENEFIT OF WHICH WILL BE REALIZED IN Q1 AND Q2, FY20.Q3 EARNINGS PER SHARE VIEW $0.10 -- REFINITIV IBES DATA.FY2019 REVENUE VIEW $1.01 BILLION -- REFINITIV IBES DATA.Q4 REVENUE VIEW $266.5 MILLION -- REFINITIV IBES DATA.QTRLY GAAP LOSS PER BASIC SHARE $0.06.Q4 GAAP EARNINGS ARE TARGETED TO BE BETWEEN A NET LOSS OF $0.15 TO $0.11 PER BASIC SHARE.Q4 NON-GAAP NET INCOME EARNINGS ARE TARGETED IN A RANGE OF $0.02 TO $0.6 PER DILUTED SHARE.Q4 EARNINGS PER SHARE VIEW $0.17 -- REFINITIV IBES DATA.  Full Article

Extreme Networks Q1 NON-GAAP Earnings Per Share $0.08
Friday, 2 Nov 2018 

Nov 2 (Reuters) - Extreme Networks Inc ::EXTREME NETWORKS REPORTS FIRST QUARTER FISCAL YEAR 2019 FINANCIAL RESULTS.Q1 NON-GAAP EARNINGS PER SHARE $0.08.Q1 REVENUE $239.9 MILLION VERSUS I/B/E/S VIEW $233.4 MILLION.Q1 EARNINGS PER SHARE VIEW $0.03 -- THOMSON REUTERS I/B/E/S.SEES Q2 2019 REVENUE $239 MILLION TO $249 MILLION.Q2 GAAP GROSS MARGIN IS TARGETED BETWEEN 55.1% AND 57.1% AND NON-GAAP GROSS MARGIN IS TARGETED BETWEEN 57.5% AND 59.5%.EXTREME NETWORKS - GAAP EARNINGS TARGETED TO BE BETWEEN NET LOSS OF $0.06 TO $0.00 PER BASIS SHARE FOR Q2.Q2 EARNINGS PER SHARE VIEW $0.10, REVENUE VIEW $244.7 MILLION -- THOMSON REUTERS I/B/E/S.FOR Q2 NON-GAAP NET INCOME EARNINGS ARE TARGETED IN A RANGE OF $0.06 TO $0.13 PER DILUTED SHARE.  Full Article

Extreme Networks Announces $60 Mln Share Repurchase Program
Friday, 2 Nov 2018 

Nov 2 (Reuters) - Extreme Networks Inc ::EXTREME NETWORKS ANNOUNCES $60 MILLION SHARE REPURCHASE PROGRAM.EXTREME NETWORKS INC - TO REPURCHASE UP TO $60 MILLION OF ITS COMMON STOCK OVER NEXT TWO YEARS.EXTREME NETWORKS INC - REPURCHASE WILL BE FUNDED USING COMPANY'S WORKING CAPITAL.  Full Article

Extreme Networks Announces Search For New CFO
Friday, 14 Sep 2018 

Sept 13 (Reuters) - Extreme Networks Inc ::EXTREME NETWORKS ANNOUNCES SEARCH FOR NEW CHIEF FINANCIAL OFFICER.EXTREME NETWORKS INC - COMPANY REAFFIRMS FISCAL Q1 GUIDANCE AND NAMES INTERIM CFO.EXTREME NETWORKS INC - MATT CLEAVER, EXTREME'S VICE PRESIDENT OF FINANCE, WILL ASSUME ROLE OF INTERIM CFO.EXTREME NETWORKS INC - DREW DAVIES, COMPANY'S CURRENT CHIEF FINANCIAL OFFICER, TO LEAVE COMPANY.  Full Article

Extreme to acquire 58.3 pct stake in system development firm for 350 mln yen via private placement
Friday, 11 May 2018 

May 11(Reuters) - Extreme Co Ltd <6033.T>:Says it will acquire 58.3 percent stake in a Tokyo-based system development company for 350 million yen through private placement .Payment date on May 11.  Full Article

Extreme to merge with unit witnest
Tuesday, 13 Feb 2018 

Feb 13 (Reuters) - Extreme Co Ltd <6033.T>:Says it plans to merge with its Tokyo-based wholly owned unit witnest Co.,LTD., with effective date on April 1.Says unit is mainly engaged in system development business .Says unit will be dissolved after merger .  Full Article

Extreme Networks Q2 Revenue Rose 48 Percent To $231.1 Million
Wednesday, 7 Feb 2018 

Feb 6 (Reuters) - Extreme Networks Inc ::EXTREME NETWORKS REPORTS SECOND QUARTER FISCAL YEAR 2018 FINANCIAL RESULTS.Q2 NON-GAAP EARNINGS PER SHARE $0.14.Q2 REVENUE ROSE 48 PERCENT TO $231.1 MILLION.SEES Q3 2018 EARNINGS PER SHARE $0.17 TO $0.24.SEES Q3 2018 REVENUE $262 MILLION TO $272 MILLION.‍GAAP GROSS MARGIN IS TARGETED BETWEEN 56.1% AND 58.4% FOR Q3 2018​.‍GAAP EARNINGS ARE TARGETED TO BE BETWEEN A LOSS OF $(0.01) TO $(0.09) PER BASIC SHARE FOR Q3 2018​.  Full Article