extreme networks inc
(EXTR:Consolidated Issue Listed on Nasdaq Glbl Slct Mrkt)
extreme networks inc (EXTR) Snapshot
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Open
$3.44
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Previous Close
$3.42
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Day High
$3.48
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Day Low
$3.40
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52 Week High
05/22/12 - $3.89
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52 Week Low
07/12/12 - $2.87
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Market Cap
321.7M
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Average Volume 10 Days
550.3K
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EPS TTM
$0.11
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Shares Outstanding
93.0M
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EX-Date
--
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P/E TM
31.5x
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Dividend
--
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Dividend Yield
--
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Extreme Networks, Inc., together with its subsidiaries, provides network infrastructure equipment and services for enterprises, data centers, and service providers. It offers Black Diamond products, which deliver modular or chassis-based Ethernet connectivity solutions that have a range of management and line cards that allow its customers to flexibly configure and re-purpose the systems to meet specific needs; and Summit product family of stackable Ethernet switching systems, which offer a range of connection speeds from 10 megabit to 40 gigabit, various physical presentations, and options to deliver power-over-Ethernet or unpowered standard Ethernet ports. The company also offers SummitWM family of wireless network controllers and associated Altitude access points that help clients in the deployment of nomadic and mobile converged network applications; and RidgeLine management software system, which provides the ability to deploy, configure, monitor, and support its range of switching technology. In addition, Extreme Networks provides professional services. Its customers include businesses, hospitals, schools, hotels, telecommunications companies, and government agencies. The company sells it products through distributors, resellers, and its field sales organization. It operates in the United States, Canada, Mexico, central America, South America, Europe, the Middle East, Africa, the Asia Pacific, south Asia, and Japan. The company was founded in 1996 and is headquartered in Santa Clara, California.
extreme networks inc (EXTR) Top Compensated Officers
extreme networks inc (EXTR) Key Developments
Extreme Networks Inc. celebrated the opening of its 57,586 square-foot global headquarters.
Marathon Patent Group, Inc. announced that its subsidiary Relay IP has filed patent infringement lawsuits in the United States District Court for the District of Delaware against Sprint Nextel Corporation, Juniper Networks, Cisco Systems, Bloomberg L.P., Hitachi Cable America, D-Link Corporation, Avaya, Hewlett-Packard Company, Enterasys Networks, Extreme Networks, TIBCO Software, BT Group, SAVVIS Inc., Zhone Technologies, Huawei Technologies, Allied Telesis, and Adtran (the "Defendants"). Relay is asserting infringement related to U.S. Patent number 5,331,637, entitled Multicast Routing Using Core Based Trees. The lawsuit alleges that the Defendants have infringed, and continue to infringe, the claims of the patent in suit by using the accused IP Multicast systems and methods covered by the claims of the Relay patent.
Extreme Networks Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2013. For the quarter, total net revenues were $68,203,000 compared to $73,368,000 a year ago. Operating loss was $1,902,000 compared to operating income of $2,660,000 a year ago. Loss before income taxes was $1,811,000 compared to income before income taxes of $2,881,000 a year ago. Net loss was $2,220,000 or $0.02 basic and diluted per share compared to net income of $2,372,000 or $0.03 basic and diluted per share a year ago. Non-GAAP operating income was $3,633,000 compared to $4,101,000 a year ago. Non-GAAP net income was $3,315,000 or $0.04 diluted per share compared to $3,813,000 or $0.04 diluted per share a year ago. Cash flow used in operations was $1,075,000 compared to cash flow provided by operations of $2,451,000 a year ago. PP&E CapEx was $1,396,000 compared to $2,410,000 a year ago. For the nine months, total net revenues were $219,881,000 compared to $235,074,000 a year ago. Operating income was $7,909,000 compared to $8,503,000 a year ago. Income before income taxes was $7,881,000 compared to $9,302,000 a year ago. Net income was $6,489,000 or $0.07 basic and diluted per share compared to $8,062,000 or $0.09 basic and diluted per share a year ago. Net cash provided by operating activities was $7,003,000 compared to $6,407,000 a year ago. Capital expenditures were $4,422,000 compared to $4,421,000 a year ago. Purchase of intangible assets was $335,000 compared to $275,000 a year ago. Non-GAAP operating income was $10,434,000 compared to $14,512,000 a year ago. Non-GAAP net income was $9,479,000 or $0.10 diluted per share compared to $14,071,000 or $0.15 diluted per share a year ago. The company provided earnings guidance for the fourth quarter ending June 30, 2013. For the quarter, the company is targeting revenue in a range of $73 million to $77 million with GAAP and non-GAAP gross margin targeted to be between 54% and 55%. For both GAAP and non-GAAP, R&D expenses are targeted to be sequentially flat with sales and marketing expenses targeted to increase by $0.5 million to $1.0 million depending on revenue. GAAP net income is targeted at $1.0 million to $4.0 million, or $0.01 to $0.04 per diluted share. Non-GAAP net income is targeted in a range of $4.0 million to $7.0 million, or $0.04 to $0.08 per diluted share. The GAAP and non-GAAP net income targets are based on an estimated 92.5 million diluted weighted average shares.
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Industry Analysis
EXTR
Industry Average
| Valuation | EXTR | Industry Range |
| Price/Earnings | 22.8x |
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| Price/Sales | 1.0x |
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| Price/Book | 1.7x |
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| Price/Cash Flow | 22.2x |
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| TEV/Sales | 0.6x |
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Post a JobJobs
- Research Triangle Park, NC | Extreme NetworksPosted: May 17
- Research Triangle Park, NC | Extreme NetworksPosted: May 14
- Research Triangle Park, NC | Extreme NetworksPosted: May 13
- Research Triangle Park, NC | Extreme NetworksPosted: May 13
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