Extreme Networks’ short-term growing pains are no cause for worry
“It was the best of times, it was the worst of time” is the opening to the famous Charles Dickens book, A Tale of Two Cities. It's also described Extreme’s financial performance over the past year.Earlier this year the company stock was trading a hair over $15 per share. Today, after it came up light on its fiscal third-quarter financial results, the stock plunged over 25 percent in after-hours trading and now stands at $8.40, a little over half of its 52-week high. This could change when the market opens, depending on investor sentiment.[ Check out our hands-on reviews: 5 top hardware-based Wi-Fi test tools and Mojo wireless intrusion prevention system. ] Extreme is now the largest enterprise network pure play In actuality, saying it’s the worst of times is a bit overly dramatic, as a few years ago, most industry experts thought Extreme Networks was dying a slow death. In 2015, Ed Meyercord took over as CEO and he and the company's chief marketing, development and product operations officer, Norman Rice, embarked on a plan to acquire underappreciated assets from companies where networking wasn’t the primary business. Rolling up these assets would help Extreme get its Continue reading

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