Extreme Networks Key Executives

This section highlights Extreme Networks's key executives, including their titles and compensation details.

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Extreme Networks Earnings

This section highlights Extreme Networks's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.

Next Earnings Date

Date: April 30, 2025
Time: Before Market
Est. EPS: $0.19
Status: Unconfirmed

Last Earnings Results

Date: January 29, 2025
EPS: $0.21
Est. EPS: $0.18
Revenue: $279.36M

Earnings Call Transcripts

Transcript Quarter Year Date Estimated EPS Actual EPS
Read Transcript Q2 2025 2025-01-29 $0.18 $0.21
Read Transcript Q1 2025 2024-10-30 $0.12 $0.17
Read Transcript Q4 2024 2024-08-07 $0.13 $-0.08
Read Transcript Q3 2024 2024-05-01 $-0.17 $-0.19
Read Transcript Q2 2024 2024-01-31 $0.27 $0.24
Read Transcript Q1 2024 2023-11-01 $0.32 $0.35
Read Transcript Q4 2023 2023-08-02 $0.31 $0.33
Read Transcript Q3 2023 2023-04-26 $0.26 $0.29
Read Transcript Q2 2023 2023-01-25 $0.24 $0.27
Read Transcript Q1 2023 2022-10-27 $0.18 $0.20

Extreme Networks, Inc. (EXTR)

Extreme Networks, Inc. provides software-driven networking solutions worldwide. It designs, develops, and manufactures wired and wireless network infrastructure equipment; and develops software for network management, policy, analytics, security, and access controls. The company offers ExtremeCloud IQ, an ML/AI powered, wired, and wireless cloud network management solution that offers advanced visibility and control over users, devices, and applications; ExtremeCloud IQ – Site Engine that provides task automation, access control, granular visibility with real-time analytics and multi-vendor device management; and ExtremeCloud IQ Essentials offers WIPS, location services, IoT, and guest management services. It also provides wireless access point products; ExtremeSwitching portfolio that includes access edge products that offer physical presentations along with options to deliver Ethernet or convergence-friendly Power-over-Ethernet (POE), including high-power universal POE; aggregation/core switches designed to address aggregation, top-of-rack, and campus core environments; and data center switches and routers. In addition, the company offers cloud native platforms and applications for service providers; and customer support and services. It markets and sells its products through distributors, resellers, and field sales organizations to healthcare, education, government, manufacturing, retail, and hospitality markets. Extreme Networks, Inc. was incorporated in 1996 and is headquartered in Morrisville, North Carolina.

Technology Communication Equipment

$13.07

Stock Price

$1.74B

Market Cap

2.66K

Employees

Morrisville, NC

Location

Financial Statements

Access annual & quarterly financial statements for Extreme Networks, including income statements, balance sheets, and cash flow statements..

Annual Income Statement

Breakdown June 30, 2024 June 30, 2023 June 30, 2022 June 30, 2021 June 30, 2020
Revenue $1.12B $1.31B $1.11B $1.01B $948.02M
Cost of Revenue $486.37M $557.73M $482.38M $424.30M $430.18M
Gross Profit $630.83M $754.72M $629.94M $585.12M $517.84M
Gross Profit Ratio 56.47% 57.50% 56.63% 57.97% 54.62%
Research and Development Expenses $211.93M $214.27M $190.59M $197.00M $209.61M
General and Administrative Expenses $99.94M $89.93M $68.70M $66.20M $60.99M
Selling and Marketing Expenses $345.80M $336.91M $294.47M $276.84M $283.63M
Selling General and Administrative Expenses $445.74M $426.84M $363.17M $343.04M $344.62M
Other Expenses $- $23.00K $3.23M $6.11M $8.43M
Operating Expenses $657.67M $643.16M $556.99M $546.15M $562.65M
Cost and Expenses $1.15B $1.20B $1.04B $970.44M $992.83M
Interest Income $4.56M $3.15M $412.00K $352.00K $1.42M
Interest Expense $16.99M $17.39M $12.79M $22.86M $23.75M
Depreciation and Amortization $29.45M $47.12M $55.09M $77.05M $85.44M
EBITDA $-19.61M $158.62M $120.07M $110.09M $-36.39M
EBITDA Ratio -1.76% 12.09% 10.79% 10.91% -3.84%
Operating Income $-28.88M $108.31M $64.19M $34.38M $-42.66M
Operating Income Ratio -2.59% 8.25% 5.77% 3.41% -4.50%
Total Other Income Expenses Net $-48.62M $-14.21M $-11.99M $-24.19M $-77.83M
Income Before Tax $-77.50M $94.11M $52.19M $10.19M $-120.49M
Income Before Tax Ratio -6.94% 7.17% 4.69% 1.01% -12.71%
Income Tax Expense $8.46M $16.03M $7.92M $8.25M $6.35M
Net Income $-85.96M $78.07M $44.27M $1.94M $-126.84M
Net Income Ratio -7.69% 5.95% 3.98% 0.19% -13.38%
EPS $-0.66 $0.60 $0.34 $0.02 $-1.06
EPS Diluted $-0.66 $0.58 $0.33 $0.02 $-1.06
Weighted Average Shares Outstanding 129.29M 129.47M 129.44M 124.02M 119.81M
Weighted Average Shares Outstanding Diluted 129.29M 133.65M 133.49M 127.67M 119.81M
SEC Filing Source Source Source Source Source


Breakdown December 31, 2024 September 30, 2024 June 30, 2024 March 31, 2024 December 31, 2023 September 30, 2023 June 30, 2023 March 31, 2023 December 31, 2022 September 30, 2022 June 30, 2022 March 31, 2022 December 31, 2021 September 30, 2021 June 30, 2021 March 31, 2021 December 31, 2020 September 30, 2020 June 30, 2020 March 31, 2020
Revenue $279.36M $269.20M $256.65M $211.04M $296.38M $353.14M $363.91M $332.51M $318.35M $297.69M $278.20M $285.51M $280.93M $267.68M $278.09M $253.40M $242.13M $235.80M $215.52M $209.52M
Cost of Revenue $104.23M $99.70M $142.54M $94.45M $113.01M $140.20M $149.49M $140.57M $136.69M $130.98M $124.00M $124.15M $122.15M $112.08M $116.99M $104.59M $101.94M $100.78M $94.93M $98.18M
Gross Profit $175.12M $169.51M $114.11M $116.59M $183.37M $212.94M $214.42M $191.94M $181.66M $166.71M $154.19M $161.36M $158.79M $155.60M $161.10M $148.81M $140.19M $135.02M $120.59M $111.33M
Gross Profit Ratio 62.69% 62.97% 44.46% 55.25% 61.87% 60.30% 58.92% 57.72% 57.06% 56.00% 55.43% 56.52% 56.52% 58.13% 57.93% 58.73% 57.90% 57.26% 55.95% 53.14%
Research and Development Expenses $54.88M $54.45M $46.56M $54.52M $52.83M $58.02M $55.83M $54.84M $52.62M $50.99M $45.13M $49.62M $48.08M $47.77M $49.38M $48.91M $49.19M $49.52M $44.53M $50.58M
General and Administrative Expenses $26.06M $36.60M $25.47M $25.21M $25.38M $23.87M $25.62M $21.68M $24.09M $18.55M $16.10M $17.71M $17.88M $17.00M $17.36M $16.02M $16.36M $16.46M $15.79M $15.12M
Selling and Marketing Expenses $79.97M $81.38M $81.02M $87.71M $85.15M $91.92M $94.02M $83.96M $80.54M $78.38M $80.54M $72.84M $71.56M $69.53M $74.89M $70.90M $66.73M $64.33M $66.71M $70.13M
Selling General and Administrative Expenses $106.03M $117.98M $106.49M $110.12M $110.54M $115.79M $119.64M $105.64M $104.62M $96.93M $96.64M $90.55M $89.44M $86.53M $92.24M $86.92M $83.09M $80.79M $82.50M $85.25M
Other Expenses $1.54M $- $-240.00K $361.00K $-420.00K $432.00K $-119.00K $510.00K $504.00K $523.00K $86.00K $638.00K $72.00K $171.00K $-115.00K $269.00K $-954.00K $-887.00K $-391.00K $1.32M
Operating Expenses $162.46M $174.22M $153.05M $164.64M $163.88M $174.32M $175.98M $160.99M $157.75M $148.44M $142.41M $140.81M $138.33M $135.45M $143.03M $137.24M $133.78M $132.10M $129.09M $137.89M
Cost and Expenses $266.69M $273.92M $295.59M $259.08M $276.89M $314.52M $325.47M $301.56M $294.44M $279.42M $266.42M $264.96M $260.47M $247.53M $260.01M $241.82M $235.72M $232.89M $224.02M $236.07M
Interest Income $839.00K $846.00K $661.00K $1.24M $1.43M $1.23M $1.10M $774.00K $889.00K $392.00K $110.00K $109.00K $83.00K $110.00K $71.00K $81.00K $82.00K $118.00K $54.00K $222.00K
Interest Expense $4.18M $4.42M $4.22M $4.18M $4.27M $4.32M $5.73M $3.95M $3.88M $3.83M $3.04M $2.79M $3.08M $3.88M $4.53M $5.59M $6.07M $6.66M $6.37M $5.98M
Depreciation and Amortization $125.00K $5.08M $14.05M $11.21M $5.74M $9.74M $11.42M $11.63M $11.93M $12.14M $12.46M $15.13M $15.71M $17.30M $18.72M $1.41M $13.90M $15.22M $2.06M $16.16M
EBITDA $12.66M $485.00K $-34.47M $-52.46M $25.23M $47.30M $50.30M $41.62M $36.39M $30.30M $23.11M $32.60M $33.92M $35.94M $36.25M $30.14M $20.31M $17.36M $7.25M $-24.49M
EBITDA Ratio 4.53% 0.18% -13.43% -24.86% 8.51% 13.39% 13.82% 12.52% 11.43% 10.18% 8.31% 11.42% 12.07% 13.43% 13.03% 11.90% 8.39% 7.36% 3.37% -11.69%
Operating Income $12.66M $-4.72M $-38.94M $-48.05M $10.32M $35.90M $37.90M $29.58M $23.43M $17.40M $10.46M $17.31M $18.05M $18.36M $17.57M $11.15M $5.71M $-60.00K $-13.10M $-38.36M
Operating Income Ratio 4.53% -1.75% -15.17% -22.77% 3.48% 10.17% 10.41% 8.90% 7.36% 5.84% 3.76% 6.06% 6.43% 6.86% 6.32% 4.40% 2.36% -0.03% -6.08% -18.31%
Total Other Income Expenses Net $-2.68M $-4.30M $-13.81M $-2.58M $-3.26M $-2.66M $-4.75M $-3.54M $-2.86M $-3.06M $-2.84M $-2.63M $-2.92M $-3.60M $-4.58M $-5.24M $-6.94M $-7.43M $-6.71M $-4.44M
Income Before Tax $9.99M $-9.01M $-52.75M $-65.05M $7.06M $33.24M $33.15M $26.04M $20.58M $14.33M $7.62M $14.68M $15.13M $14.77M $13.00M $5.91M $-1.23M $-7.49M $-19.81M $-42.80M
Income Before Tax Ratio 3.57% -3.35% -20.55% -30.82% 2.38% 9.41% 9.11% 7.83% 6.46% 4.81% 2.74% 5.14% 5.39% 5.52% 4.67% 2.33% -0.51% -3.18% -9.19% -20.43%
Income Tax Expense $2.60M $1.49M $1.46M $-623.00K $3.07M $4.56M $7.72M $3.91M $2.65M $1.75M $2.21M $1.86M $1.79M $2.07M $2.67M $2.44M $1.82M $1.32M $1.40M $1.56M
Net Income $7.38M $-10.50M $-54.20M $-64.42M $3.99M $28.68M $25.43M $22.13M $17.93M $12.59M $5.41M $12.82M $13.34M $12.70M $10.33M $3.47M $-3.05M $-8.81M $-21.22M $-44.35M
Net Income Ratio 2.64% -3.90% -21.12% -30.53% 1.35% 8.12% 6.99% 6.66% 5.63% 4.23% 1.94% 4.49% 4.75% 4.74% 3.71% 1.37% -1.26% -3.74% -9.84% -21.17%
EPS $0.08 $-0.08 $-0.42 $-0.50 $0.03 $0.22 $0.20 $0.17 $0.14 $0.10 $0.04 $0.10 $0.10 $0.10 $0.08 $0.03 $-0.02 $-0.07 $-0.18 $-0.37
EPS Diluted $0.08 $-0.08 $-0.42 $-0.50 $0.03 $0.21 $0.19 $0.17 $0.13 $0.09 $0.04 $0.10 $0.10 $0.10 $0.08 $0.03 $-0.02 $-0.07 $-0.18 $-0.37
Weighted Average Shares Outstanding 131.78M 131.18M 130.09M 129.30M 128.99M 128.78M 128.29M 128.82M 130.47M 130.29M 129.78M 129.91M 129.40M 128.32M 126.32M 124.79M 123.26M 121.70M 120.31M 119.16M
Weighted Average Shares Outstanding Diluted 131.78M 131.18M 130.09M 129.30M 131.51M 133.46M 132.87M 133.03M 134.45M 132.93M 132.64M 133.41M 133.62M 133.22M 132.35M 129.99M 123.26M 121.70M 120.31M 119.16M
SEC Filing Source Source Source Source Source Source Source Source Source Source Source Source Source Source Source Source Source Source Source Source

Annual Balance Sheet

Breakdown June 30, 2024 June 30, 2023 June 30, 2022 June 30, 2021 June 30, 2020
Cash and Cash Equivalents $156.70M $234.83M $194.52M $246.89M $193.87M
Short Term Investments $- $- $1.31M $- $-
Cash and Short Term Investments $156.70M $234.83M $194.52M $246.89M $193.87M
Net Receivables $89.52M $182.04M $184.10M $156.48M $122.73M
Inventory $141.03M $89.02M $49.23M $32.88M $62.59M
Other Current Assets $79.68M $70.26M $121.16M $102.68M $70.04M
Total Current Assets $466.93M $576.16M $489.09M $487.60M $414.21M
Property Plant Equipment Net $87.89M $81.19M $86.03M $91.93M $110.09M
Goodwill $393.71M $394.75M $400.14M $331.16M $331.16M
Intangible Assets $10.61M $16.06M $32.52M $36.04M $68.39M
Goodwill and Intangible Assets $404.32M $410.82M $432.66M $367.20M $399.55M
Long Term Investments $- $-7.75M $- $-3.83M $-2.33M
Tax Assets $- $7.75M $7.72M $3.83M $2.33M
Other Non-Current Assets $83.46M $73.54M $53.01M $63.37M $55.24M
Total Non-Current Assets $575.67M $565.55M $579.42M $522.50M $564.88M
Other Assets $- $- $- $- $-
Total Assets $1.04B $1.14B $1.07B $1.01B $979.09M
Account Payables $51.42M $99.72M $84.34M $60.14M $48.44M
Short Term Debt $30.42M $56.02M $61.26M $61.21M $54.91M
Tax Payables $- $- $- $- $-
Deferred Revenue $306.11M $282.48M $238.26M $212.41M $190.23M
Other Current Liabilities $129.63M $137.28M $116.32M $121.94M $104.25M
Total Current Liabilities $517.59M $575.50M $500.18M $455.70M $397.82M
Long Term Debt $219.73M $219.44M $303.83M $348.38M $444.82M
Deferred Revenue Non-Current $268.91M $219.02M $163.36M $133.17M $100.96M
Deferred Tax Liabilities Non-Current $7.98M $7.75M $7.72M $3.83M $2.33M
Other Non-Current Liabilities $3.11M $3.25M $3.09M $14.54M $27.75M
Total Non-Current Liabilities $499.72M $449.45M $477.99M $499.93M $575.87M
Other Liabilities $1 $- $- $- $-
Total Liabilities $1.02B $1.02B $978.17M $955.62M $973.69M
Preferred Stock $- $- $- $- $-
Common Stock $149.00K $144.00K $140.00K $133.00K $127.00K
Retained Earnings $-941.96M $-856.00M $-934.07M $-978.34M $-980.28M
Accumulated Other Comprehensive Income Loss $-15.48M $-13.19M $-3.06M $-2.81M $-6.38M
Other Total Stockholders Equity $982.58M $985.80M $1.03B $1.04B $991.93M
Total Stockholders Equity $25.28M $116.75M $90.34M $54.47M $5.40M
Total Equity $25.28M $116.75M $90.34M $54.47M $5.40M
Total Liabilities and Stockholders Equity $1.04B $1.14B $1.07B $1.01B $979.09M
Minority Interest $- $- $- $- $-
Total Liabilities and Total Equity $1.04B $1.14B $1.07B $1.01B $979.09M
Total Investments $-7.98M $-7.75M $1.31M $-3.83M $-2.33M
Total Debt $239.60M $264.61M $351.13M $390.84M $480.54M
Net Debt $82.91M $29.78M $156.61M $143.95M $286.66M


Balance Sheet Charts

Breakdown December 31, 2024 September 30, 2024 June 30, 2024 March 31, 2024 December 31, 2023 September 30, 2023 June 30, 2023 March 31, 2023 December 31, 2022 September 30, 2022 June 30, 2022 March 31, 2022 December 31, 2021 September 30, 2021 June 30, 2021 March 31, 2021 December 31, 2020 September 30, 2020 June 30, 2020 March 31, 2020
Cash and Cash Equivalents $170.32M $159.55M $156.70M $151.01M $221.40M $224.43M $234.83M $203.00M $202.52M $198.34M $194.52M $166.57M $173.55M $191.35M $246.89M $203.14M $183.97M $193.12M $193.87M $196.35M
Short Term Investments $- $- $- $- $- $- $- $92.00K $808.00K $1.34M $1.31M $832.00K $- $- $- $- $- $- $- $-
Cash and Short Term Investments $170.32M $159.55M $156.70M $151.01M $221.40M $224.43M $234.83M $203.00M $202.52M $198.34M $194.52M $166.57M $173.55M $191.35M $246.89M $203.14M $183.97M $193.12M $193.87M $196.35M
Net Receivables $117.58M $97.21M $89.52M $94.44M $112.05M $131.51M $182.04M $158.64M $152.05M $158.73M $184.10M $162.97M $133.25M $129.61M $156.48M $130.56M $128.24M $123.64M $122.73M $96.21M
Inventory $132.28M $143.56M $141.03M $185.36M $152.52M $100.82M $89.02M $70.31M $63.76M $51.77M $49.23M $37.74M $37.18M $32.44M $32.88M $43.92M $49.83M $55.83M $62.59M $66.21M
Other Current Assets $75.11M $76.45M $79.68M $75.18M $72.27M $75.69M $70.26M $70.13M $79.33M $145.18M $121.16M $158.26M $172.90M $141.54M $102.68M $86.50M $82.39M $68.19M $70.04M $73.47M
Total Current Assets $495.29M $476.77M $466.93M $505.98M $558.24M $532.46M $576.16M $502.07M $497.67M $482.10M $489.09M $446.88M $430.52M $424.17M $487.60M $420.88M $403.30M $406.68M $414.21M $395.51M
Property Plant Equipment Net $78.34M $77.95M $87.89M $91.49M $94.72M $90.28M $81.19M $81.54M $78.44M $82.22M $86.03M $77.53M $83.29M $86.70M $91.93M $97.41M $101.06M $104.45M $110.09M $115.98M
Goodwill $391.98M $396.35M $393.71M $394.18M $395.61M $392.95M $394.75M $394.67M $393.50M $400.14M $400.14M $400.14M $395.25M $387.81M $331.16M $331.16M $331.16M $331.16M $331.16M $331.08M
Intangible Assets $8.22M $9.76M $10.61M $11.79M $13.10M $13.86M $16.06M $19.62M $22.98M $28.57M $32.52M $36.69M $40.95M $45.90M $36.04M $43.89M $51.75M $59.90M $68.39M $77.15M
Goodwill and Intangible Assets $400.20M $406.11M $404.32M $405.97M $408.71M $406.81M $410.82M $414.29M $416.48M $428.71M $432.66M $436.83M $436.19M $433.71M $367.20M $375.05M $382.91M $391.06M $399.55M $408.24M
Long Term Investments $- $- $-7.98M $-7.48M $-7.75M $-7.67M $-7.75M $- $- $- $-7.72M $-7.96M $-4.14M $-3.99M $-3.83M $-2.81M $-2.65M $-2.45M $-2.33M $-2.23M
Tax Assets $- $8.07M $7.98M $7.48M $7.75M $7.67M $7.75M $7.79M $7.55M $7.31M $7.72M $7.96M $4.14M $3.99M $3.83M $2.81M $2.65M $2.45M $2.33M $2.23M
Other Non-Current Assets $107.11M $87.62M $83.46M $82.03M $80.98M $76.97M $73.54M $62.71M $62.03M $57.44M $60.73M $63.61M $62.80M $64.23M $63.37M $60.33M $58.57M $57.30M $55.24M $53.73M
Total Non-Current Assets $585.65M $579.76M $575.67M $579.48M $584.41M $574.06M $565.55M $566.33M $564.51M $575.68M $579.42M $577.97M $582.28M $584.63M $522.50M $532.80M $542.54M $552.81M $564.88M $577.94M
Other Assets $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Total Assets $1.08B $1.06B $1.04B $1.09B $1.14B $1.11B $1.14B $1.07B $1.06B $1.06B $1.07B $1.02B $1.01B $1.01B $1.01B $953.68M $945.84M $959.49M $979.09M $973.45M
Account Payables $52.37M $65.77M $51.42M $81.48M $87.79M $80.00M $99.72M $95.96M $86.35M $84.85M $84.34M $68.50M $58.83M $63.39M $60.14M $57.16M $53.68M $59.44M $48.44M $52.98M
Short Term Debt $22.75M $32.58M $30.42M $29.30M $30.70M $30.89M $56.02M $59.63M $60.01M $61.37M $61.26M $62.55M $64.82M $63.05M $61.21M $59.67M $57.36M $90.64M $54.91M $53.21M
Tax Payables $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Deferred Revenue $312.05M $304.79M $306.11M $299.58M $300.40M $292.93M $282.48M $268.56M $260.89M $252.84M $238.26M $222.38M $224.74M $216.81M $212.41M $195.50M $198.29M $192.33M $190.23M $174.90M
Other Current Liabilities $147.06M $123.28M $129.63M $117.94M $130.08M $124.90M $137.28M $102.69M $121.85M $103.64M $116.32M $104.35M $119.29M $111.81M $121.94M $102.56M $112.91M $93.21M $104.25M $93.44M
Total Current Liabilities $534.22M $526.41M $517.59M $528.30M $548.97M $528.72M $575.50M $526.85M $529.10M $502.70M $500.18M $457.79M $467.68M $455.06M $455.70M $414.89M $422.24M $435.61M $397.82M $374.53M
Long Term Debt $37.99M $214.57M $219.73M $222.84M $226.78M $225.98M $219.44M $231.63M $252.94M $262.93M $303.83M $303.43M $313.89M $326.12M $348.38M $359.91M $371.00M $381.88M $444.82M $453.56M
Deferred Revenue Non-Current $- $272.09M $268.91M $258.73M $247.78M $232.50M $219.02M $195.68M $184.72M $171.14M $163.36M $150.03M $148.48M $139.22M $133.17M $122.92M $110.84M $105.46M $100.96M $96.80M
Deferred Tax Liabilities Non-Current $6.77M $8.07M $7.98M $7.48M $7.75M $7.67M $7.75M $7.79M $7.55M $7.31M $7.72M $7.96M $4.14M $3.99M $3.83M $2.81M $2.65M $2.45M $2.33M $2.23M
Other Non-Current Liabilities $450.75M $2.66M $3.11M $3.15M $3.20M $3.16M $3.25M $3.26M $3.29M $3.09M $3.09M $6.37M $9.01M $12.09M $14.54M $18.00M $21.18M $24.19M $27.75M $29.93M
Total Non-Current Liabilities $495.51M $497.39M $499.72M $492.20M $485.51M $469.31M $449.45M $438.36M $448.51M $444.48M $477.99M $467.79M $475.52M $481.42M $499.93M $503.64M $505.67M $513.97M $575.87M $582.52M
Other Liabilities $- $- $1 $1 $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Total Liabilities $1.03B $1.02B $1.02B $1.02B $1.03B $998.03M $1.02B $965.21M $977.61M $947.18M $978.17M $925.58M $943.20M $936.48M $955.62M $918.54M $927.91M $949.58M $973.69M $957.05M
Preferred Stock $- $- $- $- $- $- $- $- $- $- $1 $- $- $- $- $- $- $- $- $-
Common Stock $151.00K $150.00K $149.00K $148.00K $147.00K $146.00K $144.00K $143.00K $142.00K $142.00K $140.00K $139.00K $137.00K $136.00K $133.00K $133.00K $130.00K $130.00K $127.00K $127.00K
Retained Earnings $-945.08M $-952.47M $-941.96M $-887.76M $-823.33M $-827.32M $-856.00M $-881.42M $-903.56M $-921.49M $-934.07M $-939.48M $-952.31M $-965.65M $-978.34M $-988.67M $-992.14M $-989.09M $-980.28M $-959.06M
Accumulated Other Comprehensive Income Loss $-19.35M $-11.38M $-15.48M $-14.51M $-12.06M $-16.10M $-13.19M $-12.92M $-13.55M $-5.17M $-3.06M $-1.32M $-2.79M $-3.72M $-2.81M $-3.01M $-2.67M $-4.94M $-6.38M $-6.39M
Other Total Stockholders Equity $1.02B $996.42M $982.58M $967.08M $943.43M $951.75M $985.80M $997.40M $1.00B $1.04B $1.03B $1.04B $1.02B $1.04B $1.04B $1.03B $1.01B $1.00B $991.93M $981.72M
Total Stockholders Equity $51.21M $32.72M $25.28M $64.96M $108.18M $108.48M $116.75M $103.19M $84.57M $110.60M $90.34M $99.26M $69.60M $72.33M $54.47M $35.14M $17.93M $9.91M $5.40M $16.40M
Total Equity $51.21M $32.72M $25.28M $64.96M $108.18M $108.48M $116.75M $103.19M $84.57M $110.60M $90.34M $99.26M $69.60M $72.33M $54.47M $35.14M $17.93M $9.91M $5.40M $16.40M
Total Liabilities and Stockholders Equity $1.08B $1.06B $1.04B $1.09B $1.14B $1.11B $1.14B $1.07B $1.06B $1.06B $1.07B $1.02B $1.01B $1.01B $1.01B $953.68M $945.84M $959.49M $979.09M $973.45M
Minority Interest $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Total Liabilities and Total Equity $1.08B $1.06B $1.04B $1.09B $1.14B $1.11B $1.14B $1.07B $1.06B $1.06B $1.07B $1.02B $1.01B $1.01B $1.01B $953.68M $945.84M $959.49M $979.09M $973.45M
Total Investments $- $- $-7.98M $-7.48M $-7.75M $-7.67M $-7.75M $92.00K $808.00K $1.34M $1.31M $-7.96M $-4.14M $-3.99M $-3.83M $-2.81M $-2.65M $-2.45M $-2.33M $-2.23M
Total Debt $60.74M $236.10M $239.60M $242.16M $246.79M $246.09M $264.61M $279.39M $300.86M $311.50M $351.13M $350.18M $360.58M $370.72M $390.84M $400.40M $409.14M $452.95M $480.54M $488.57M
Net Debt $-109.58M $76.56M $82.91M $91.15M $25.39M $21.65M $29.78M $76.39M $98.34M $113.16M $156.61M $183.62M $187.03M $179.37M $143.95M $197.26M $225.17M $259.83M $286.66M $292.23M

Annual Cash Flow

Breakdown June 30, 2024 June 30, 2023 June 30, 2022 June 30, 2021 June 30, 2020
Net Income $-85.96M $78.07M $44.27M $1.94M $-126.84M
Depreciation and Amortization $29.45M $34.88M $40.16M $55.32M $63.82M
Deferred Income Tax $80.00K $407.00K $682.00K $1.78M $1.76M
Stock Based Compensation $76.76M $63.47M $43.36M $39.05M $37.84M
Change in Working Capital $-46.14M $66.59M $-20.12M $20.86M $30.13M
Accounts Receivables $92.32M $1.59M $-26.23M $-34.16M $62.15M
Inventory $- $-41.83M $-16.72M $22.73M $19.95M
Accounts Payables $-48.01M $14.73M $23.81M $10.81M $-26.08M
Other Working Capital $-90.44M $92.09M $-980.00K $21.48M $-25.89M
Other Non Cash Items $81.30M $5.80M $19.82M $25.59M $29.18M
Net Cash Provided by Operating Activities $55.49M $249.21M $128.18M $144.53M $35.88M
Investments in Property Plant and Equipment $-18.12M $-13.80M $-15.43M $-17.18M $-15.27M
Acquisitions Net $- $- $-69.52M $- $-219.46M
Purchases of Investments $- $- $- $- $15.27M
Sales Maturities of Investments $- $- $- $- $45.25M
Other Investing Activities $- $- $- $- $-15.27M
Net Cash Used for Investing Activities $-18.12M $-13.80M $-84.95M $-17.18M $-189.48M
Debt Repayment $-35.00M $-83.62M $-38.12M $-74.00M $219.98M
Common Stock Issued $- $- $- $4.52M $8.79M
Common Stock Repurchased $-49.85M $-99.86M $-44.97M $- $-30.00M
Dividends Paid $- $- $- $- $-
Other Financing Activities $-30.12M $-11.30M $-11.56M $-782.00K $-11.49M
Net Cash Used Provided by Financing Activities $-114.98M $-194.78M $-94.66M $-74.78M $178.49M
Effect of Forex Changes on Cash $-514.00K $-325.00K $-936.00K $445.00K $-634.00K
Net Change in Cash $-78.13M $40.30M $-52.37M $53.02M $24.27M
Cash at End of Period $156.70M $234.83M $194.52M $246.89M $193.87M
Cash at Beginning of Period $234.83M $194.52M $246.89M $193.87M $169.61M
Operating Cash Flow $55.49M $249.21M $128.18M $144.53M $35.88M
Capital Expenditure $-18.12M $-13.80M $-15.43M $-17.18M $-15.27M
Free Cash Flow $37.37M $235.41M $112.74M $127.36M $20.62M

Cash Flow Charts

Breakdown December 31, 2024 September 30, 2024 June 30, 2024 March 31, 2024 December 31, 2023 September 30, 2023 June 30, 2023 March 31, 2023 December 31, 2022 September 30, 2022 June 30, 2022 March 31, 2022 December 31, 2021 September 30, 2021 June 30, 2021 March 31, 2021 December 31, 2020 September 30, 2020 June 30, 2020 March 31, 2020
Net Income $7.38M $-10.50M $-54.20M $-64.42M $3.99M $28.68M $25.43M $22.13M $17.93M $12.59M $5.41M $12.82M $13.34M $12.70M $10.33M $3.47M $-3.05M $-8.81M $-21.22M $-44.35M
Depreciation and Amortization $4.98M $5.08M $14.05M $11.21M $5.74M $6.81M $8.45M $8.59M $8.75M $9.08M $9.17M $9.37M $10.03M $11.60M $13.02M $13.19M $13.90M $15.22M $19.59M $16.16M
Deferred Income Tax $-1.03M $39.00K $233.00K $-132.00K $44.00K $-65.00K $69.00K $273.00K $150.00K $-85.00K $454.00K $-662.00K $208.00K $682.00K $1.04M $113.00K $316.00K $312.00K $467.00K $492.00K
Stock Based Compensation $21.45M $19.77M $18.05M $17.83M $20.96M $19.92M $16.91M $15.38M $17.40M $13.79M $10.73M $10.85M $11.33M $10.44M $11.46M $9.20M $10.10M $8.30M $10.91M $7.14M
Change in Working Capital $-1.34M $1.34M $-33.15M $-32.76M $2.60M $17.17M $28.17M $-1.12M $25.21M $14.32M $33.83M $-36.27M $-17.45M $-229.00K $13.97M $-6.03M $9.71M $3.20M $-2.12M $21.12M
Accounts Receivables $-20.37M $-7.71M $6.48M $15.92M $19.46M $50.46M $-23.62M $-6.73M $6.60M $25.35M $-21.16M $-29.69M $-3.65M $28.28M $-26.06M $-2.44M $-4.75M $-910.00K $-26.54M $62.94M
Inventory $9.08M $-8.67M $-18.84M $-33.04M $-52.61M $-11.95M $-19.84M $-7.48M $-11.84M $-2.67M $-11.80M $-686.00K $-4.84M $604.00K $10.86M $5.53M $-288.00K $6.63M $3.58M $13.22M
Accounts Payables $-13.31M $14.49M $-30.67M $-5.08M $7.83M $-20.10M $2.16M $10.41M $2.75M $-591.00K $15.33M $10.99M $-5.08M $2.58M $2.91M $2.99M $-5.71M $10.63M $-4.55M $-12.46M
Other Working Capital $23.27M $3.23M $9.89M $-10.57M $27.92M $-1.25M $69.47M $2.69M $27.70M $-7.76M $35.43M $-16.87M $-3.87M $-31.69M $26.26M $-12.10M $20.46M $-13.14M $25.39M $-42.57M
Other Non Cash Items $-9.91M $2.87M $159.70M $60.84M $896.00K $3.13M $1.67M $2.92M $1.16M $43.00K $4.50M $5.46M $4.77M $5.07M $7.22M $4.78M $7.06M $6.52M $1.19M $4.59M
Net Cash Provided by Operating Activities $21.53M $18.59M $15.49M $-69.87M $34.23M $75.64M $80.69M $48.18M $70.60M $49.73M $64.12M $1.57M $22.23M $40.25M $57.04M $24.73M $38.03M $24.75M $8.82M $5.15M
Investments in Property Plant and Equipment $-5.41M $-6.92M $-4.49M $-3.68M $-5.64M $-4.31M $-5.17M $-2.36M $-3.13M $-3.14M $-4.30M $-4.48M $-3.24M $-3.41M $-4.86M $-4.28M $-5.02M $-3.02M $-2.64M $-3.19M
Acquisitions Net $- $- $- $- $- $- $- $- $- $- $- $- $- $-69.52M $- $- $- $- $- $-
Purchases of Investments $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-5.24M $-
Sales Maturities of Investments $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Other Investing Activities $- $- $-18.12M $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $5.24M $-
Net Cash Used for Investing Activities $-5.41M $-6.92M $-4.49M $-3.68M $-5.64M $-4.31M $-5.17M $-2.36M $-3.13M $-3.14M $-4.30M $-4.48M $-3.24M $-72.93M $-4.86M $-4.28M $-5.02M $-3.02M $-2.64M $-3.19M
Debt Repayment $-2.50M $-2.50M $-2.50M $-2.50M $-2.50M $-27.50M $-15.16M $-25.00M $-9.50M $-37.12M $-7.12M $-7.12M $-7.12M $-16.75M $-4.75M $-4.75M $-39.75M $-24.75M $-4.75M $50.18M
Common Stock Issued $-2.37M $-5.93M $29.07M $- $- $- $- $- $- $-4.00M $- $- $- $-4.37M $-2.65M $4.88M $-1.30M $3.58M $-702.00K $6.58M
Common Stock Repurchased $- $- $-2.56M $5.82M $-24.97M $-24.89M $-25.05M $-25.00M $-49.80M $-4.00M $-20.00M $4.52M $-24.97M $-4.37M $- $- $- $- $- $-4.82M
Dividends Paid $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-55.00M $-
Other Financing Activities $-2.37M $-6.62M $-2.56M $5.82M $-4.32M $-29.07M $-3.46M $4.50M $-4.18M $-5.00M $-4.33M $3.31M $-4.61M $-5.93M $-1.00M $3.61M $-1.42M $-1.60M $-3.32M $2.58M
Net Cash Used Provided by Financing Activities $-4.87M $-9.12M $-5.06M $3.32M $-31.78M $-81.46M $-43.67M $-45.51M $-63.49M $-42.12M $-31.45M $-3.82M $-36.71M $-22.68M $-8.40M $-1.14M $-42.47M $-22.77M $-8.77M $54.53M
Effect of Forex Changes on Cash $-474.00K $299.00K $-249.00K $-174.00K $161.00K $-252.00K $-31.00K $162.00K $193.00K $-649.00K $-411.00K $-261.00K $-73.00K $-191.00K $-25.00K $-132.00K $308.00K $294.00K $107.00K $-548.00K
Net Change in Cash $10.78M $2.85M $5.69M $-70.40M $-3.03M $-10.39M $31.83M $475.00K $4.18M $3.82M $27.96M $-6.98M $-17.80M $-55.55M $43.76M $19.17M $-9.15M $-756.00K $-2.48M $55.94M
Cash at End of Period $170.32M $159.55M $156.70M $151.01M $221.40M $224.43M $234.83M $203.00M $202.52M $198.34M $194.52M $166.57M $173.55M $191.35M $246.89M $203.14M $183.97M $193.12M $193.87M $196.35M
Cash at Beginning of Period $159.55M $156.70M $151.01M $221.40M $224.43M $234.83M $203.00M $202.52M $198.34M $194.52M $166.57M $173.55M $191.35M $246.89M $203.14M $183.97M $193.12M $193.87M $196.35M $140.41M
Operating Cash Flow $21.53M $18.59M $15.49M $-69.87M $34.23M $75.64M $80.69M $48.18M $70.60M $49.73M $64.12M $1.57M $22.23M $40.25M $57.04M $24.73M $38.03M $24.75M $8.82M $5.15M
Capital Expenditure $-5.41M $-6.92M $-4.49M $-3.68M $-5.64M $-4.31M $-5.17M $-2.36M $-3.13M $-3.14M $-4.30M $-4.48M $-3.24M $-3.41M $-4.86M $-4.28M $-5.02M $-3.02M $-2.64M $-3.19M
Free Cash Flow $16.12M $11.67M $11.00M $-73.55M $28.59M $71.32M $75.53M $45.82M $67.47M $46.59M $59.82M $-2.90M $18.98M $36.84M $52.18M $20.45M $33.01M $21.72M $6.18M $1.96M

Extreme Networks Dividends

Explore Extreme Networks's dividend history, including dividend yield, payout ratio, and historical payments.

Extreme Networks does not currently pay a dividend.

Extreme Networks News

Read the latest news about Extreme Networks, including recent articles, headlines, and updates.

Bronstein, Gewirtz & Grossman, LLC Encourages Extreme Networks, Inc. (EXTR) Stockholders to Inquire about Securities Investigation

NEW YORK CITY, NY / ACCESS Newswire / April 24, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Extreme Networks, Inc. ("Extreme Networks" or "the Company") (NASDAQ:EXTR). Investors who purchased Extreme Networks securities prior to July 27, 2022, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/EXTR.

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Bronstein, Gewirtz & Grossman, LLC Announces an Investigation Against Extreme Networks, Inc. (EXTR) and Encourages Investors to Learn More About the Investigation

NEW YORK CITY, NY / ACCESS Newswire / April 22, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Extreme Networks, Inc. ("Extreme Networks" or "the Company") (NASDAQ:EXTR). Investors who purchased Extreme Networks securities prior to July 27, 2022, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/EXTR.

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Extreme Networks, Inc. (EXTR) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Shareholders to Contact the Firm to Learn More About the Investigation

NEW YORK CITY, NY / ACCESS Newswire / April 20, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Extreme Networks, Inc. ("Extreme Networks" or "the Company") (NASDAQ:EXTR). Investors who purchased Extreme Networks securities prior to July 27, 2022, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/EXTR.

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Bronstein, Gewirtz & Grossman, LLC Is Investigating Extreme Networks, Inc. (EXTR) And Encourages Investors to Connect

NEW YORK CITY, NY / ACCESS Newswire / April 17, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Extreme Networks, Inc. ("Extreme Networks" or "the Company") (NASDAQ:EXTR). Investors who purchased Extreme Networks securities prior to July 27, 2022, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/EXTR.

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Extreme Networks: Undervalued, Overlooked And Undercovered

Extreme Networks is undervalued, overlooked and underfollowed but is making significant strides with AI and cloud-based innovations, driving strong financial improvements. The company's integrated platform and AI-driven products like Extreme AI Expert and Platform One offer advanced analytics and secure network management, boosting revenues by 14%. Future growth is expected from advanced AI capabilities and cloud AI integration, expanding the addressable market and attracting new subscribers.

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Bronstein, Gewirtz & Grossman, LLC Announces an Investigation Against Extreme Networks, Inc. (EXTR) and Encourages Stockholders to Learn More About the Investigation

NEW YORK CITY, NY / ACCESS Newswire / April 15, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Extreme Networks, Inc. ("Extreme Networks" or "the Company") (NASDAQ:EXTR). Investors who purchased Extreme Networks securities prior to July 27, 2022, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/EXTR.

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Bronstein, Gewirtz & Grossman, LLC Encourages Extreme Networks, Inc. (EXTR) Investors to Inquire about Securities Investigation

NEW YORK CITY, NY / ACCESS Newswire / April 13, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Extreme Networks, Inc. ("Extreme Networks" or "the Company") (NASDAQ:EXTR). Investors who purchased Extreme Networks securities prior to July 27, 2022, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/EXTR.

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Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against Extreme Networks, Inc. (EXTR) And Encourages Investors to Reach Out

NEW YORK CITY, NY / ACCESS Newswire / April 10, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Extreme Networks, Inc. ("Extreme Networks" or "the Company") (NASDAQ:EXTR). Investors who purchased Extreme Networks securities prior to July 27, 2022, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/EXTR.

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Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against Extreme Networks, Inc. (EXTR) And Encourages Stockholders to Reach Out

NEW YORK CITY, NY / ACCESS Newswire / April 8, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Extreme Networks, Inc. ("Extreme Networks" or "the Company") (NASDAQ:EXTR). Investors who purchased Extreme Networks securities prior to July 27, 2022, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/EXTR.

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Extreme Networks Schedules Third Quarter 2025 Financial Results Conference Call

MORRISVILLE, N.C.--(BUSINESS WIRE)--Extreme today announced plans to release financial results for its third fiscal quarter 2025, ended March 31, 2025.

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Bronstein, Gewirtz & Grossman, LLC Is Investigating Extreme Networks, Inc. (EXTR) And Encourages Stockholders to Connect

NEW YORK CITY, NY / ACCESS Newswire / April 6, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Extreme Networks, Inc. ("Extreme Networks" or "the Company") (NASDAQ:EXTR). Investors who purchased Extreme Networks securities prior to July 27, 2022, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/EXTR.

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Extreme Networks, Inc. (EXTR) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Contact the Firm to Learn More About the Investigation

NEW YORK CITY, NY / ACCESS Newswire / April 3, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Extreme Networks, Inc. ("Extreme Networks" or "the Company") (NASDAQ:EXTR). Investors who purchased Extreme Networks securities prior to July 27, 2022, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/EXTR.

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Bronstein, Gewirtz & Grossman, LLC Encourages Extreme Networks, Inc. (EXTR) Shareholders to Inquire about Securities Investigation

NEW YORK CITY, NY / ACCESS Newswire / April 1, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Extreme Networks, Inc. ("Extreme Networks" or "the Company") (NASDAQ:EXTR). Investors who purchased Extreme Networks securities prior to July 27, 2022, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/EXTR.

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Bronstein, Gewirtz & Grossman, LLC Is Investigating Extreme Networks, Inc. (EXTR) And Encourages Shareholders to Connect

NEW YORK CITY, NY / ACCESS Newswire / March 30, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Extreme Networks, Inc. ("Extreme Networks" or "the Company") (NASDAQ:EXTR). Investors who purchased Extreme Networks securities prior to July 27, 2022, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/EXTR.

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Extreme Networks Announces Appointment of Anisha Vaswani as Chief Information and Customer Officer

MORRISVILLE, N.C.--(BUSINESS WIRE)--Extreme Networks, Inc. (Nasdaq: EXTR), a leader in AI-powered automation for networking, today announced it has appointed Anisha Vaswani as Chief Information and Customer Officer (CICO). Vaswani will report directly to Extreme President and CEO Ed Meyercord. As CICO, Vaswani will develop and implement the company's overall IT strategy, ensuring that technology investments support the company's business objectives and growth. Additionally, she'll focus on driv.

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EXTREME NETWORKS ALERT: Bragar Eagel & Squire, P.C. is Investigating Extreme Networks, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

NEW YORK, March 05, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Extreme Networks, Inc. (NASDAQ: EXTR) on behalf of long-term stockholders following a class action complaint that was filed against Extreme Networks on August 13, 2024 with a Class Period from July 27, 2022 and January 30, 2024. Our investigation concerns whether the board of directors of Extreme Networks have breached their fiduciary duties to the company.

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Extreme Networks, Inc. (EXTR) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Stockholders to Contact the Firm to Learn More About the Investigation

NEW YORK CITY, NY / ACCESS Newswire / March 4, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Extreme Networks, Inc. ("Extreme Networks" or "the Company") (NASDAQ:EXTR). Investors who purchased Extreme Networks securities prior to July 27, 2022, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/EXTR.

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Extreme Launches Platform ONE for Managed Service Providers

MORRISVILLE, N.C.--(BUSINESS WIRE)--Extreme Networks, Inc. (Nasdaq: EXTR), a leader in AI-powered automation for networking, today announced the upcoming general availability of Extreme Platform ONE™ for Managed Service Providers (MSPs). Built on a unique AI-driven multi-tenant architecture, consumption-based billing, and poolable licensing, Extreme Platform ONE delivers unmatched flexibility, simplicity, and cost savings, enabling MSPs to manage customers at scale. Extreme's MSP program allows.

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