The grading and delivery of equipment for a significant event helped Extreme Networks Inc. (NYSE: EXTR), a provider of networking solutions.
EXTR was once again recognized as one of the top manufacturers of equipment for wired and wireless communications by Gartner Peer Insights last week. Extreme Networks has been ranked on this list, which is based on user reviews, for the sixth time in a row.
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This time, clients cited Extreme Networks Inc. (EXTR)’s flexibility as a plus. The company’s solutions may be swiftly installed and scaled without incurring significant costs at the beginning of a deployment. The corporation has also worked hard to lower energy use and increase the commercial effectiveness of its network equipment.
The news that Extreme Networks Inc. (EXTR) equipment would be utilized in the significant international event Zwarte Cross, which will take place from July 14 to July 17, 2022, in the Netherlands, served as the second catalyst for quote rise this week. This festival has 250 musical ensembles. On a 165-acre region, Wi-Fi 6 high-speed wireless connection has to be provided by Extreme Networks.
This presents the firm with a chance to highlight the advantages of its ExtremeCloud IQ network resource management technology. It makes it possible to immediately identify and address communication access and quality issues, which is crucial during a large-scale event with a fluctuating number of connections and unequal traffic.
Additionally, Extreme Networks Inc. (EXTR) employs a number of Internet of Things (IoT) solutions at the event, most notably the Fabric Connect technology to connect 100 IP security cameras.
Shares of Extreme Networks Inc. (NASDAQ: EXTR) are down -34.71 percent year-to-date (YTD) and decreased 1.73 percent, or $0.18, in the most recent trading session. The stock’s trailing 12-month performance has decreased by over -8.24 percent, though. The stock has decreased by 29.75 percent over the past six months and by 12.39 percent over the past three months. If we examine the shorter duration, its performance throughout the week is up 10.10% and 16.48% over the month.