Mission Statement, Vision, & Core Values (2024) of Extreme Networks, Inc. (EXTR)

Mission Statement, Vision, & Core Values (2024) of Extreme Networks, Inc. (EXTR)

US | Technology | Communication Equipment | NASDAQ

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An Overview of Extreme Networks, Inc. (EXTR)

General Summary of Extreme Networks, Inc. (EXTR)

Extreme Networks, Inc. is a networking solutions company headquartered in San Jose, California. Founded in 1996, the company specializes in enterprise networking equipment and cloud-driven networking solutions.

Company Products and Services

Key product offerings include:

  • Enterprise network switches
  • Wireless access points
  • Network management software
  • Cloud-based networking solutions

Financial Performance Highlights (Q1 2024)

Financial Metric Value
Total Revenue $286.4 million
Gross Margin 43.7%
Net Income $14.2 million
Cash and Investments $204.6 million

Market Position

Extreme Networks ranks among the top 5 enterprise networking solution providers globally, with significant market presence in:

  • Enterprise networking
  • Higher education
  • Healthcare technology infrastructure
  • Hospitality networking solutions

Industry Leadership Metrics

Market Segment Market Share
Enterprise Network Switches 7.2%
Cloud Networking Solutions 5.9%
Wireless Infrastructure 6.5%

Stock ticker: NASDAQ: EXTR, Current stock price: $8.43 (as of February 2024).




Mission Statement of Extreme Networks, Inc. (EXTR)

Mission Statement of Extreme Networks, Inc. (EXTR)

Extreme Networks, Inc. (NASDAQ: EXTR) mission statement focuses on delivering innovative networking solutions that enable digital transformation for enterprises, cloud service providers, and government organizations.

Core Mission Components

Technological Innovation

Extreme Networks demonstrates technological innovation through:

  • $205.4 million invested in R&D in fiscal year 2023
  • 238 networking patents held as of December 2023
  • Cloud-driven networking solutions across enterprise infrastructure
R&D Metric 2023 Data
R&D Investment $205.4 million
Total Patents 238
Product Development Cycles 4-6 per year

Market Positioning

Market positioning strategy includes:

  • Serving 50,000+ enterprise customers globally
  • Presence in 80+ countries
  • Network solution market share of 4.2% in 2023

Customer-Centric Approach

Customer-centric metrics for 2023:

Customer Metric Value
Customer Retention Rate 92.5%
Customer Satisfaction Score 4.6/5
Support Response Time 45 minutes

Financial Performance Alignment

Financial metrics supporting mission statement:

  • Annual Revenue: $1.06 billion (2023)
  • Net Income: $46.3 million
  • Gross Margin: 58.2%



Vision Statement of Extreme Networks, Inc. (EXTR)

Vision Statement Components of Extreme Networks, Inc. (EXTR)

Digital Transformation Leadership

Extreme Networks aims to be a global leader in cloud-driven networking solutions. As of Q4 2023, the company reported:

Metric Value
Annual Revenue $1.2 billion
Cloud Networking Market Share 4.7%
Global Enterprise Customers Over 30,000
Innovation and Technology Strategy

Key technological focus areas include:

  • AI-driven network management
  • Secure cloud networking solutions
  • Intelligent edge computing platforms
Market Positioning Metrics
Technology Segment Market Position
Enterprise Networking Top 5 Global Provider
Cloud Networking Tier 1 Solution Provider
Strategic Growth Objectives

Financial growth targets for 2024:

  • Revenue Growth: 6-8%
  • R&D Investment: $180 million
  • Global Market Expansion
Technological Innovation Investments
Innovation Area Investment
AI Networking Research $45 million
Cybersecurity Solutions $35 million



Core Values of Extreme Networks, Inc. (EXTR)

Core Values of Extreme Networks, Inc. (EXTR)

Customer Success and Innovation

Extreme Networks demonstrates commitment to customer success through measurable outcomes:

Annual R&D Investment $129.4 million (2023)
Patent Portfolio Over 450 active patents
Product Development Cycles 3-4 major releases annually

Technological Leadership

Key technological achievements include:

  • Cloud-managed networking solutions
  • AI-driven network automation
  • Extreme AI-driven insights platform

Corporate Social Responsibility

Sustainability metrics:

Carbon Reduction Target 30% reduction by 2030
Diversity in Leadership 24% women in executive roles
Community Investment $2.1 million in social initiatives

Operational Excellence

Financial performance indicators:

  • Revenue: $1.2 billion (FY 2023)
  • Gross Margin: 62.4%
  • Operating Cash Flow: $184.3 million

Collaborative Culture

Employee engagement statistics:

Total Employees 2,100
Employee Retention Rate 86%
Internal Promotion Rate 42%

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