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Extreme Networks, Inc. (EXTR)

- NASDAQ
  • Sep. 12, 2013, 9:22 AM
    • Enterasys has annual revenue of $330M; that figure eclipses the $312.5M in revenue Extreme (EXTR) has been expected to produce in FY14 (ends June '14). The acquisition is expected to be immediately accretive, and to boost op. margins over time. (PR)
    • Enterasys offers a line of Ethernet switches for data centers and campus networks, as well as Wi-Fi access points, network management tools, and a software-defined networking platform. There's a fair amount of overlap with Extreme's lineup (particularly in Ethernet switching), but Extreme argues integrating features from Enterasys' networking OS with Extreme's ExtremeXOS will yield synergies.
    • Moreover, the merger will give Extreme more scale in a very competitive networking hardware space featuring not only 800-lb. gorilla Cisco, but also Huawei, Brocade, Juniper, H-P, Dell, and others.
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Company Description
Extreme Networks Inc is a provider of network infrastructure equipment & services for enterprises, data centers, & service providers. Its customers include businesses, hospitals, hotels, universities, telecommunications companies & government agencies.