Tranche Update on Extreme Networks, Inc.'s Equity Buyback Plan announced on November 2, 2018.
January 31, 2024 at 07:13 am EST
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From October 1, 2023 to December 31, 2023, the company has repurchased 1,500,000 shares, representing 1.16% for $25.22 million. With this, the company has completed the repurchase of 18,235,076 shares, representing 14.49% for $239.94 million under the buyback announced on November 2, 2018.
Extreme Networks, Inc. is a provider of cloud networking solutions and industry services and support. The Company designs, develops, and manufactures wired, wireless, and software-defined area-network (SD- WAN) infrastructure equipment. The Company's cloud solution is a single platform that offers unified network management of wireless access points, switches, and SD-WAN. Its products and services categories include Cloud Networking Platform, Automation, Analytics, and Security Applications, Wireless LAN AP, Wired for Edge, Campus, and Data Center, SD-WAN, Cloud Native Platforms and Applications for Service Providers and Customer Service and Support. It offers its services in business, hospitality, retail, transportation and logistics, education, government, healthcare, manufacturing, and service providers. Its cloud networking technologies provide flexibility and scalability in deployment, management, and licensing of networks globally.