U.S. stocks edge higher; solid earnings season continues
MORRISVILLE, N.C. - Extreme Networks, Inc. (NASDAQ:EXTR), a $2.27 billion market cap company with annual revenue of $1.09 billion, announced on Tuesday the general availability of its Extreme Platform ONE, which the company describes as the first networking solution to fully integrate conversational and agentic AI capabilities into network management.
The platform, which has already been adopted by more than 265 customers, aims to provide enterprise-wide network visualization while reducing manual work by up to 90% and cutting resolution times by up to 98%, according to the company’s press release. With a healthy gross profit margin of 58.24%, the company appears well-positioned to support this new offering.
Extreme Platform ONE offers real-time network topology and lifecycle data visualization, consolidates license and asset management into a single dashboard, and incorporates AI-driven automation that can respond to bandwidth spikes and security threats.
"With Extreme Platform ONE, we’re not just raising the bar; we’re setting a whole new standard of excellence and simplicity in networking," said Nabil Bukhari, Chief Product and Technology Officer at Extreme Networks, in the press release statement.
Early adopter West Suffolk NHS Foundation Trust reported migrating to the platform in 47 minutes. Andrew Smith, Head of Digital Service Delivery at the trust, stated that the platform provides "a helicopter view" of their network operations.
Other early customers include Ziekenhuis Oost-Limburg, a hospital network in Belgium, and Aldine ISD, an educational institution, both citing improved visibility and automation as key benefits.
Industry analysts from Enterprise Strategy Group and IDC have commented on the platform, with ESG’s Jim Frey noting that the solution is "at the leading edge of the market in terms of completeness and sophistication of AI for networking." According to InvestingPro data, three analysts have recently revised their earnings expectations upward for the upcoming period, suggesting growing confidence in the company’s prospects. Subscribers can access 10+ additional ProTips and comprehensive financial analysis.
The platform is now generally available to all customers, according to the company. With its next earnings report due on August 6, 2025, investors can track the platform’s impact on the company’s performance. InvestingPro’s Fair Value analysis and detailed research reports provide deeper insights into Extreme Networks’ valuation and growth potential.
In other recent news, Extreme Networks has reported its third-quarter results for fiscal year 2025, surpassing both earnings and revenue forecasts. The company achieved an earnings per share (EPS) of $0.21, exceeding the projected $0.18, and reported revenue of $285 million against an expected $279.16 million. This marks a 35% year-over-year increase in revenue, driven by strong product and SaaS sales. Looking ahead, Extreme Networks has provided guidance for Q4 2025, projecting revenue between $295 million and $305 million.
Additionally, Needham has reiterated its Buy rating and $20.00 price target for Extreme Networks. This endorsement follows the unveiling of Extreme Networks’ new Platform One software at the Extreme Connect event in Paris. Platform One aims to integrate various network management aspects into a single AI-native platform and is currently in beta testing. General availability is scheduled for the third calendar quarter. Needham’s confidence in Platform One’s potential to boost software sales is growing, with expectations of improved quarterly results by the end of 2025.
These developments highlight Extreme Networks’ strategic initiatives and strong performance in recent quarters, indicating a positive outlook for future growth.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.