Top 11 AI News and Ratings You Probably Missed

Page 5 of 11

7. Extreme Networks, Inc. (NASDAQ:EXTR)

Number of Hedge Fund Holders: 29

Extreme Networks, Inc. (NASDAQ:EXTR) provides software-driven networking solutions, including cloud management, wireless, and SD-WAN for various industries.

On January 29, Extreme Networks (NASDAQ:EXTR) reported its third consecutive quarter of revenue growth, showing a recovering enterprise networking market. CEO Ed Meyercord credited the company’s success to its differentiated cloud networking platform and enterprise campus fabric solution, along with evolving competitive dynamics. The company introduced Extreme Platform ONE in December, an integrated networking and security platform with AI-driven automation to streamline IT operations. The firm said that early previews with partners and customers received strong positive feedback, with many emphasizing the substantial time savings their teams could achieve through AI integration and expert support.

Extreme Networks reported FQ2 non-GAAP EPS of  $0.21, outperforming estimates by $0.03, and revenue of $279.4 million exceeded the estimates by $1.35 million. For Q3, the company guided its revenue toward the range of $276 million – $284 million and EPS to the range of $0.16 – $0.20.

Page 5 of 11