Rosenblatt Upgrades Extreme Networks (EXTR) to Buy

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Extreme Networks Reports Third Quarter Fiscal Year 2024 Financial Results

May 1, 2024 7:05 AM EDT

Financial Results in-line With Previous Outlook

38% Growth in SaaS ARR

MORRISVILLE, N.C.--(BUSINESS WIRE)-- Extreme Networks, Inc. (Extreme) (Nasdaq: EXTR) today released financial results for its third quarter ended March 31, 2024.

"Extremes focus on the intersection of networking, security, and AI is creating a compelling value proposition that's resonating with customers and driving significant traction in our business. Net new logos grew double-digits this quarter, particularly in the Americas. Our SaaS ARR grew again by 38%, as we continue to deliver on our... More