Type
|
Public |
---|---|
Traded as | NASDAQ: EXTR |
Industry | Computer networking |
Founded | 1996 |
Founder | Gordon Stitt, Herb Schneider and Stephen Haddock |
Headquarters | 6480 Via Del Oro San Jose, California, U.S |
Key people
|
Ed Meyercord, CEO |
Products | Switches, Network management, Security, Wireless |
Revenue | US$ 519.5 million (2014) |
Operating income
|
US$ 10.9 million (2013) |
Net income
|
US$ 9.7 million (2013) |
Number of employees
|
1,300 (October 2015) |
Website | www |
Ed Meyercord, CEO
Extreme Networks is a networking company based in San Jose, California that was founded in 1996. It designs, builds, and installs Ethernet computer network products for enterprise and carrier grade (metro) networks using the speed and scale of 10 Gigabit Ethernet, 40 Gigabit Ethernet and 100 Gigabit Ethernet.
Extreme Networks was established by co-founders Gordon Stitt, Herb Schneider and Stephen Haddock in 1996 in California, USA, with its first offices located in Cupertino, which later moved to Santa Clara, and later to San Jose. Early investors included Norwest Venture Partners, AVI Capital Management, Trinity Ventures, and Kleiner Perkins Caufield & Byers.
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. In October 1996 Extreme Networks acquired Mammoth Technology. In September 1997 Extreme Networks aided in providing the first multi-vendor Gigabit Ethernet backbone at the Networld+Interop trade show. The company's first product was the Summit1 Gigabit Ethernet switch, a 6 Port Ethernet Layer 3 switching device featuring dual gigabit interface converter (GBIC) 1000BASE-SX interfaces. This product shipped in 1997 and won the "Best of Show" award at Networld+Interop. The Summit1 was also named the "Best of the Best Grand Winner" for the event. Extreme Networks won Best of Show awards at Networld+Interop five consecutive years, 1997 through 2001 with its Summit PX1 application switch, a Layer 4-7 device.
Extreme Networks introduced its first modular switching products, including the BlackDiamond 6800 and Alpine 3800 switches, in 1999. The initial public offering in April 1999, was listed on the NASDAQ stock exchange as ticker "EXTR." Extreme Networks acquired Optranet in February 2001 and Webstacks in March 2001. Extreme had been investors in both companies, which were purchased for about $73 million and $74 million respectively. Extreme Networks announced its first 10 Gigabit Ethernet product in 2002, available with its BlackDiamond 6800 switch.
Extreme Networks' high capacity switch is the BlackDiamond X8, supporting 2.56 Terabits per line card, for data center and enterprise networks. Extreme also produces Summit and ExtremeSwitching branded switches.
In April 2013, Charles W. Berger (from ParAccel as it was acquired by Actian) replaced Oscar Rodriguez as CEO. On September 12, 2013, Extreme Networks announced they would acquire Enterasys Networks for about $180 million cash.
On April 19, 2015, Charles W. Berger resigned as CEO, and was replaced by Board Chairman Ed Meyercord.
On May 20, 2015, Extreme Networks announced a restructuring initiative which included plans to cut approximately 285 positions (around 18% of the global workforce, inclusive of contractors.)
On October 28, 2015, Extreme introduced their new "Connect Beyond the Network" tagline. They also renamed their product lines (ExtremeWireless, ExtremeSwitching, ExtremeControl, ExtremeAnalytics, ExtremeManagement, ExtremeWorks) to better reflect the company branding across the portfolio. 2016 saw Extreme enter a new market with the introduction of ExtremeCloud.
On October 31, 2016, Extreme Networks announced that it completed the acquisition of Zebra Technologies' Wireless LAN business for about $55 million.
On March 7, 2017, Extreme Networks announced that it was acquiring Avaya's networking business.
On March 29, 2017, Extreme Networks announced that it was acquiring Brocade's SRA (Switch Routing Analytics) business from Broadcom.
Period | Date | Adjusted Actuals EPS | GAAP EPS |
---|---|---|---|
Q1 2023 | 2022-10-31 | Future report Set alerts | |
Q4 2022 | 2022-07-27 | 0.15 | 0.15 |
Q3 2022 | 2022-04-27 | 0.21 | 0.21 |
Q2 2022 | 2022-01-27 | 0.21 | 0.21 |
Q1 2022 | 2021-11-02 | 0.21 | 0.21 |
Q4 2021 | 2021-07-28 | 0.19 | 0.19 |
Q3 2021 | 2021-04-28 | 0.16 | 0.16 |
Q2 2021 | 2021-02-09 | 0.13 | 0.13 |
Q1 2021 | 2020-10-28 | 0.09 | 0.09 |
Q4 2020 | 2020-08-05 | 0.03 | 0.03 |
2016-06-15 | Reiterated Rating | Needham & Company LLC | Buy | $3.75 |
2016-02-01 | Upgrade | Needham & Company LLC | Hold to Buy | $3.75 |
2015-10-30 | Boost Price Target | Wunderlich | $4.50 to $5.00 | |
2015-10-30 | Boost Price Target | DA Davidson | $4.00 | |
2015-10-30 | Boost Price Target | Craig Hallum | Buy | $5.50 |
2015-09-11 | Boost Price Target | DA Davidson | Neutral | $3.50 |
2015-09-10 | Upgrade | Wunderlich | Hold to Buy | $3.00 to $4.50 |
2015-08-07 | Boost Price Target | Craig Hallum | Buy | $4.50 to $5.00 |
2015-05-21 | Boost Price Target | Wunderlich | Hold | $2.80 to $3.00 |
2015-04-10 | Downgrade | DA Davidson | Buy to Neutral | |
2015-04-10 | Downgrade | Needham & Company LLC | Buy to Hold | |
2015-04-10 | Downgrade | Wunderlich | Buy to Hold | $6.00 to $2.80 |
2015-03-20 | Downgrade | Raymond James | Outperform to Market Perform | |
2015-03-20 | Downgrade | Raymond James Financial Inc. | Outperform to Market Perform | |
2015-01-29 | Lower Price Target | Wunderlich | Buy | $7.00 to $6.00 |
2014-12-15 | Lower Price Target | Needham & Company LLC | Buy | $7.00 to $5.00 |
2014-10-16 | Lower Price Target | Wunderlich | Buy | $9.00 to $7.00 |
2014-07-22 | Reiterated Rating | Wunderlich | Positive to Buy | $9.00 |
2014-06-19 | Initiated Coverage | Buckingham Research | Neutral | $5.00 |
2014-05-07 | Reiterated Rating | Raymond James | Outperform | $8.00 to $6.50 |
2014-05-07 | Reiterated Rating | Needham & Company LLC | Buy | |
2014-04-01 | Initiated Coverage | Wunderlich | Buy | $9.00 |
2014-03-27 | Initiated Coverage | Raymond James | Outperform | $8.00 |
2013-11-26 | Initiated | Needham | Buy | $9 |
2013-11-26 | Initiated Coverage | Needham & Company LLC | Buy | $9.00 |
2013-11-05 | Boost Price Target | Wedbush | Outperform | $6.00 to $7.00 |
2013-10-16 | Initiated | DA Davidson | Buy | $7.50 |
2013-10-15 | Initiated Coverage | DA Davidson | Buy | $7.50 |
2013-09-17 | Upgrade | Wedbush | Neutral to Outperform | $4.00 to $6.00 |
2010-06-29 | Downgrade | Argus | Buy to Hold | |
2010-04-27 | Upgrade | Wedbush | Underperform to Neutral | $2.75 to $3.75 |
2010-02-02 | Reiterated | Wedbush Morgan | Underperform | $2.50 to $2.75 |
2009-09-09 | Initiated | Boenning & Scattergood | Outperform | $4 |
2009-04-24 | Reiterated | Kaufman Bros | Hold | $1.20 to $2 |
2009-04-08 | Initiated | Brean Murray | Hold | |
2009-01-27 | Reiterated | Wedbush Morgan | Hold | $3 to $2.50 |
2008-11-05 | Upgrade | Argus | Hold to Buy | $5 |
2008-08-01 | Reiterated | Kaufman Bros | Buy | $4 to $4.50 |
2008-06-26 | Initiated | Wedbush Morgan | Hold | $4 |
2008-04-24 | Reiterated | Lehman Brothers | Equal-Weight | $3.60 to $3.25 |
2008-04-24 | Reiterated | Kaufman Bros | Buy | $4.50 to $4 |
2008-04-24 | Reiterated | Deutsche Securities | Buy | $5 to $4 |
2008-04-24 | Downgrade | JMP Securities | Mkt Outperform to Mkt Perform | |
2008-02-28 | Initiated | B. Riley & Co | Buy | $5 |
2008-01-25 | Reiterated | Collins Stewart | Buy | $7 to $5 |
2008-01-15 | Initiated | Janco Partners | Mkt Perform | $3.60 |
2007-10-26 | Reiterated | Deutsche Securities | Buy | $4.75 to $5 |
2016-06-15 | Reiterated Rating | Needham & Company LLC | Buy | $3.75 |
2016-02-01 | Upgrade | Needham & Company LLC | Hold to Buy | $3.75 |
2015-10-30 | Boost Price Target | Wunderlich | $4.50 to $5.00 | |
2015-10-30 | Boost Price Target | DA Davidson | $4.00 | |
2015-10-30 | Boost Price Target | Craig Hallum | Buy | $5.50 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In EXTR 177 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
BlackRock Inc. | 17.23M |
Vanguard Group, Inc | 12.47M |
Capital Research Global Investors | 9.48M |
PARADIGM CAPITAL MANAGEMENT INC/NY | 5.84M |
FMR LLC | 4.73M |
STATE STREET CORP | 4.44M |
GOLDMAN SACHS GROUP INC | 3.59M |
BlackRock Fund Advisors | 3.30M |
BlackRock Institutional Trust Company, N.A. | 2.82M |
TEACHERS ADVISORS INC | 2.59M |
DRIEHAUS CAPITAL MANAGEMENT LLC | 2.47M |
AMERIPRISE FINANCIAL INC | 2.46M |
GEODE CAPITAL MANAGEMENT, LLC | 2.32M |
RENAISSANCE TECHNOLOGIES LLC | 1.98M |
JACOBS LEVY EQUITY MANAGEMENT, INC | 1.90M |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
STITT GORDON | 3.61% (3478733) | CUDA / EXTR / |
RODRIGUEZ JUAN OSCAR President and CEO | 0.66% (641631) | EXTR / |
MEYERCORD EDWARD | 0.50% (481033) | EXTR / |
CARINALLI CHARLES | 0.38% (371353) | ATML / EXTR / FCS / |
Shoemaker John C | 0.33% (317006) | EXTR / |
KENNEDY EDWARD H | 0.25% (240506) | EXTR / |
Starboard Value LP See Footnote 1. | 0.23% (222056) | DSPG / EXTR / ISSI / MCRL / MLNX / QTM / SRDX / |
AROLA KENNETH CHIEF FINANCIAL OFFICER | 0.19% (187813) | ALGN / EXTR / |
BERGER CHARLES W President and CEO | 0.16% (151910) | EXTR / |
KISPERT JOHN H | 0.15% (143083) | CODE / CUDA / CY / EXTR / GIMO / TNET / |
Gault Robert J EVP Global Sales, Channel, Svc | 0.15% (141401) | EXTR / |
Rice Norman J. EVP Marketing & Corp Develop | 0.14% (138633) | DSPG / EXTR / |
TERINO EDWARD | 0.14% (134869) | BALT / EXTR / ISSI / SEAC / |
Davies Benjamin Drew EVP Chief Financial Officer | 0.13% (120731) | EXTR / |
STEVEN-WAISS KELLEY EVP Chief HR Officer | 0.12% (117473) | EXTR / FORM / |
Brooker Eileen EVP Global Alliances & Strateg | 0.12% (113093) | EXTR / |
Shemwell Nancy Jane Executive VP-Global Sales | 0.12% (111388) | EXTR / |
Amadia Allison VP General Counsel & Corp Sec | 0.11% (107878) | EXTR / |
Carney Edward VP, Engineering | 0.11% (107774) | EXTR / |
AUSTIN MAURY | 0.11% (107086) | EXTR / SIGM / WIFI / |
Broockman Eric CTO and EVP Engineering | 0.11% (103006) | EXTR / |
KURTZWEIL JOHN T VP Sr & Chief Financial Office | 0.11% (102000) | ACLS / CREE / EXTR / MERU / |
Judson James T Interim CFO | 0.10% (100000) | EXTR / OMCL / |
White Jeffrey Michael CHIEF REVENUE OFFICER | 0.10% (100000) | EXTR / |
Khanna Raj | 0.10% (99523) | EXTR / |
Honda Diane VP General Counsel & Corp Sec | 0.09% (83677) | CUDA / EXTR / |
Blohm Frank Sr VP WW Operations & Services | 0.08% (81312) | EXTR / |
Seaton Michael VP WW Sales & Service | 0.08% (72634) | EXTR / |
HOLMGREN KATHLEEN M | 0.07% (62920) | CVGW / EXTR / |
Ginsburg David A VP Sr Marketing | 0.06% (57666) | EXTR / |
Silverglide Harry | 0.05% (52863) | EXTR / |
Paikoff Feigin Randi | 0.05% (52015) | EXTR / |
Cato Gavin VP Engineering | 0.04% (41100) | EXTR / |
Gigoux Marilyn Ann VP Sr Human Resources | 0.03% (29029) | EXTR / |
Echerd Margaret VP Corporate Controller_ | 0.03% (26368) | EXTR / |