Trade Extreme Networks Inc - EXTR CFD

Extreme Company profile

About Extreme Networks, Inc

Extreme Networks, Inc. is a provider of end-to-end, cloud-driven networking solutions, and services and support. The Company provides a set of solutions from the Internet of things (IoT) edge to the cloud, it designs, develops, and manufactures wired and wireless network infrastructure equipment, as well as a cloud networking platform and applications portfolio using cloud management, machine learning, and artificial intelligence (AI) to deliver network policy, analytics, security, and access controls. The Company operates through the development and marketing of network infrastructure equipment segment. The Company's products include ExtremeWireless, ExtremeSwitching, ExtremeControl, ExtremeCloud IQ, ExtremeAnalytics , ExtremeLocation, Extreme AirDefense , ExtremeGuest, and ExtremeCloud A3. The Company offers its services to business, hospitality, retail, transportation and logistics, education, government, healthcare, manufacturing and service providers.

Financial summary

BRIEF: For the six months ended 31 December 2021, Extreme Networks, Inc revenues increased 15% to $548.6M. Net income totaled $26M vs. loss of $11.9M. Revenues reflect EMEA segment increase of 22% to $224.7M, Americas(including North and South) segment increase of 13% to $280.5M. Net Income reflects Interest Expense decrease of 54% to $5.5M (expense), Research and development decrease of 3% to $90.7M (expense).

Equity composition

Common Stock $.001 Par, 12/10, 750M auth., 130,881,110 issd.,less 39,625,305 shs. in Treas. @ $149.7M. Insiders & stakeholders own 5.45%.. IPO: 4/9/99, 7M shares @ $17 by Morgan Stanley Dean Witter & Co. PO 10/99, 6.5M shs. (1.4M by Co.) @ $77 by Morgan Stanley Dean Witter. All Pref. Stock converted into Common upon completion of IPO.