OverviewSuggest Edit

Extreme Networks is a company providing cloud-driven networking solutions for enterprise, data center, and service provider customers. It designs, develops, and manufactures wired and wireless network infrastructure equipment. The company also offers software for network management, policy, analytics, security, and access controls.

TypePublic
Founded1996
HQSan Jose, CA, US
Websiteextremenetworks.com
Employee Ratings3.3
Overall CultureA+

Latest Updates

Employees (est.) (Jun 2020)2,584(-4%)
Job Openings98
Revenue (FY, 2020)$948 M(-4%)
Share Price (May 2021)$10.1(+4%)

Key People/Management at Extreme Networks

Ed Meyercord

Ed Meyercord

President, CEO & Director
Nabil Bukhari

Nabil Bukhari

Chief Technology Officer & Chief Product Officer
Remi Thomas

Remi Thomas

Chief Financial Officer
Katy Motiey

Katy Motiey

Chief Administrative and Sustainability Officer
Kimberley Basnight

Kimberley Basnight

Vice President of Talent & Head of Diversity and Inclusion
Norman J. Rice

Norman J. Rice

Chief Operating Officer
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Extreme Networks Office Locations

Extreme Networks has offices in San Jose, Herndon, Lake Mary, Morrisville and in 24 other locations
San Jose, CA, US (HQ)
6480 Vía Del Oro
Herndon, VA, US
381 Elden St #1050
Lake Mary, FL, US
1064 Greenwood Blvd, Suite 490
Morrisville, NC, US
2121 RDU Center Drive
Pleasanton, CA, US
5200 Franklin Drive, Suite 100
Salem, NH, US
9 Northeastern Blvd
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Extreme Networks Financials and Metrics

Extreme Networks Revenue

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Extreme Networks's revenue was reported to be $948.02 m in FY, 2020 which is a 4.8% decrease from the previous period.
USD

Revenue (Q3, 2021)

253.4m

Gross profit (Q3, 2021)

148.8m

Gross profit margin (Q3, 2021), %

58.7%

Net income (Q3, 2021)

3.5m

EBIT (Q3, 2021)

11.2m

Market capitalization (14-May-2021)

1.3b

Closing stock price (14-May-2021)

10.1

Cash (31-Mar-2021)

203.1m

EV

1.4b
Extreme Networks's current market capitalization is $1.3 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

983.1m995.8m948.0m

Revenue growth, %

62%1%(5%)

Cost of goods sold

448.6m444.6m430.2m

Gross profit

534.5m551.2m517.8m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

239.9m252.7m250.9m255.5m267.5m209.5m235.8m242.1m253.4m

Cost of goods sold

107.8m111.4m111.9m118.3m118.8m98.2m100.8m101.9m104.6m

Gross profit

132.1m141.3m138.9m137.2m148.7m111.3m135.0m140.2m148.8m

Gross profit Margin, %

55%56%55%54%56%53%57%58%59%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

121.1m169.6m193.9m

Accounts Receivable

212.4m174.4m122.7m

Prepaid Expenses

30.5m34.4m35.0m

Inventories

63.9m63.6m62.6m
Quarterly
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

(46.8m)(25.9m)(126.8m)

Depreciation and Amortization

49.1m52.9m63.8m

Inventories

17.3m278.0k20.0m

Accounts Payable

18.8m(9.8m)(26.1m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

(9.1m)(1.9m)(8.8m)(37.7m)(61.3m)(105.6m)(8.8m)(11.9m)(8.4m)

Depreciation and Amortization

13.9m27.0m39.8m15.5m32.0m48.2m15.2m29.1m17.8m

Inventories

8.3m5.6m6.2m(2.1m)3.2m16.4m6.6m6.3m11.9m

Accounts Payable

(31.3m)(40.0m)(26.3m)(11.2m)(9.1m)(21.5m)10.6m4.9m7.9m
USDFY, 2018

EV/EBIT

-26.1 x

EV/CFO

52.5 x

Revenue/Employee

362.4k

Debt/Equity

1.8 x

Debt/Assets

0.3 x

Financial Leverage

6.8 x

P/E Ratio

(19.4)
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Extreme Networks Operating Metrics

Extreme Networks's Backlog was reported to be $31.7m in FY, 2020. Extreme Networks's Customers was reported to be 50 k in FY, 2020.
FY, 2018FY, 2019FY, 2020

Countries

303333

Backlog

$42.5 m$20.7 m$31.7 m

Customers

30 k30 k50 k

Patents (US)

620604707
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Extreme Networks Acquisitions / Subsidiaries

Company NameDateDeal Size
Aerohive NetworksJune 26, 2019$272 m
Avaya - Networking businessMarch 07, 2017$100 m
Zebra Technologies - Wireless LAN BusinessOctober 31, 2016$55 m
Enterasys NetworksSeptember 12, 2013
Soapstone NetworksAugust 10, 2009
OptranetJanuary 31, 2001$55.2 m
Aerohive Networks Australia Ltd.
Aerohive Networks Europe Ltd.
Aerohive Networks (Hangzhou) Ltd.
Aerohive Networks, Inc.
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Extreme Networks Revenue Breakdown

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Extreme Networks revenue breakdown by business segment: 31.1% from Service and 68.9% from Product

Extreme Networks revenue breakdown by geographic segment: 49.7% from Americas, 45.8% from EMEA and 4.5% from Other

Extreme Networks Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Extreme Networks Online and Social Media Presence

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Extreme Networks Company Culture

  • Overall Culture

    A+

    86/100

  • CEO Rating

    A+

    90/100

  • Compensation

    A+

    86/100

  • Diversity

    A+

    89/100

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Extreme Networks News and Updates

Revealing The Value Of Real Time Data Inside Networks For Business - With Wes Durrow, CMO, Extreme Networks

In 2021, Wes was recognized by OnCon Icon Awards as a Top 10 Marketer.

Worldwide Wi-Fi Industry (2020 to 2026) - Major Players Include Cisco, Ericsson and Extreme Networks Among Others

Dublin, March 24, 2021 (GLOBE NEWSWIRE) -- The "Global Wi-Fi Market by Component (Hardware, Solution, Services), Density (High-density Wi-Fi and Enterprise-class Wi-Fi), Location Type (Indoor, Outdoor), Organization Size, Vertical (Education, Retail, e-Commerce), and Region - Forecast to 2026" rep…

Extreme Networks adds MLB to its roster of sports leagues

Networking provider Extreme Networks Inc. today announced it’s now the official WiFi solutions provider for Major League Baseball. Beginning with the 2021 season, 16 MLB ballparks will use Extreme WiFi 6 and WiFi analytics to improve the fan and media experience, with more installations scheduled t…

Major League Baseball Selects Extreme Networks As Official Wi-Fi Solutions Provider

SAN JOSE, Calif., Feb. 17, 2021 /PRNewswire/ -- Extreme Networks, Inc. (Nasdaq: EXTR), a cloud-driven networking company, today announced it is the Official Wi-Fi Solutions Provider of Major League Baseball (MLB). Beginning with the 2021 MLB season, Extreme will deliver in-stadium Wi-Fi...

Extreme Networks Announces Earnings Call Time Change; Second Fiscal Quarter 2021 Financial Results Conference Call to Occur on January 27, 2021 at 5:30 p.m. ET

SAN JOSE, Calif., Jan. 26, 2021 /PRNewswire/ -- Extreme Networks, Inc. (Nasdaq: EXTR), a cloud-driven networking company, today announced that it has changed the timing of its previously announced earnings conference call. The Company will now host a conference call to discuss financial...

Thinking about buying stock in Just Energy, Extreme Networks, Aurora Cannabis, AcelRx Pharmaceuticals, or Rigel Pharmaceuticals?

NEW YORK, Oct. 9, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for JE, EXTR, ACB, ACRX, and RIGL. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....
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Extreme Networks Blogs

The Need for Sponsors to Help Us Advance

I grew up in a mixed heritage household– my mother is Korean and my father is white. While we were a family living in the US, many of the cultural norms that were instilled in me and my younger brother were dominated by Korean norms: Education and degrees are very, very important Don’t do anything […

The Man Who Roamed the Clouds – An Interview with Extreme Hero Martin Laitt

Being experienced and hungry for adventure are not mutually exclusive. Our guest today has seen it all over his 20+ years in the networking world, yet he knows the value of change and advancing with Extreme. Please welcome Extreme’s Hero of the Quarter Martin Laitt, a pre-sales consultant from Daisy…

Congratulations to Extreme’s 2021 CRN Women of the Channel!

Natalia Vianden, Lorna Pierno, Kate Price, Brenda Richardson, Kilynn Sommer, and SarahJane Walshe recognized for strength, vision, and achievement in the IT channel. At Extreme Networks, we are proud to have many accomplished women in leadership roles at every level, and we work hard to foster a cul…

Never Underestimate Small Beginnings And Never Write Off Someone Who Slips At The Start Line – Isaac de Abreu

Extreme Academy has been developed and designed to help educate and inspire technologists. In this digital age, online connectivity and cloud networking technologies have never been more critical. Even through the pandemic, the market has continued to grow, making it the perfect place to start your …

Inflection Points Episode 6: The Rapid Evolution of Esports

Hosts Tim Harrison and Carla Guzzetti find themselves at the intersection of sports and tech when they talk esports. Hear how one company has created a virtual camp for kids, showing how sports are building online communities that matter just as much as any game played in person. The post Inflection…

5G is Driving Mobile Edge Computing

Integrated Application Hosting (IAH) with Extreme Fabric Automation enables best in class 5G Cloud-Native Solution New bandwidth-intensive applications, such as IoT, Artificial Reality, and Virtual Reality (AR/VR) driving the need for ultralow latency and pushing localized data and compute resources…
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Extreme Networks Frequently Asked Questions

  • When was Extreme Networks founded?

    Extreme Networks was founded in 1996.

  • Who are Extreme Networks key executives?

    Extreme Networks's key executives are Ed Meyercord, Nabil Bukhari and Remi Thomas.

  • How many employees does Extreme Networks have?

    Extreme Networks has 2,584 employees.

  • What is Extreme Networks revenue?

    Latest Extreme Networks annual revenue is $948 m.

  • What is Extreme Networks revenue per employee?

    Latest Extreme Networks revenue per employee is $366.9 k.

  • Who are Extreme Networks competitors?

    Competitors of Extreme Networks include Hewlett Packard Enterprise, Juniper Networks and Cisco.

  • Where is Extreme Networks headquarters?

    Extreme Networks headquarters is located at 6480 Vía Del Oro, San Jose.

  • Where are Extreme Networks offices?

    Extreme Networks has offices in San Jose, Herndon, Lake Mary, Morrisville and in 24 other locations.

  • How many offices does Extreme Networks have?

    Extreme Networks has 33 offices.