Extreme Networks, Inc. (EXTR) Bundle
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 LeadershipExtreme 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 |
Key technological focus areas include:
- AI-driven network management
- Secure cloud networking solutions
- Intelligent edge computing platforms
Technology Segment | Market Position |
---|---|
Enterprise Networking | Top 5 Global Provider |
Cloud Networking | Tier 1 Solution Provider |
Financial growth targets for 2024:
- Revenue Growth: 6-8%
- R&D Investment: $180 million
- Global Market Expansion
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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