Extreme Networks Inc

NASDAQ: EXTR
$10.70
-$0.37 (-3.3%)
Closing price April 12, 2024
Extreme Networks Inc specializes in creating advanced networking solutions that cater to a wide range of industries including healthcare, education, government, and retail. Based in Morrisville, North Carolina, the company focuses on delivering a mix of wired, wireless, and software-defined networking equipment. Its flagship product, ExtremeCloud IQ, leverages machine learning and artificial intelligence to provide comprehensive network management. Extreme Networks also offers a variety of networking hardware such as switches, routers, and wireless access points, alongside cloud-based services for an enhanced connectivity experience.
Extreme Networks saw its shares jump early on Thursday after the company announced that it will be acquiring the data center networking business from Broadcom following its acquisition of Brocade.
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Extreme Networks hit a 52-week low on Thursday after a large gap down, mainly due to the release of an earnings warning.
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