Extreme Networks Inc（EXTR）のニュースとイベントEXTRExtreme Networks Inc

Cisco Raises FY26 Orders Guidance to $9B

Ciscois scheduled to report results of its fiscal fourth quarter after the market closes on August 12 with a conference call scheduled for 4:30 pm ET. What to watch for:GUIDANCE:Along with its last report, Cisco guided for Q4 adjusted earnings per share of $1.16-$1.18 on revenue of $16.7B-$16.9B. At the time, analysts were expecting the company to report Q4 EPS of $1.07 on revenue of $15.82B, but those figures have since risen to $1.17 and $16.83B, respectively.Meanwhile, Cisco increased its adjusted EPS and revenue guidance for FY26 in its last report, and raised its FY26 expected orders from hyperscalers view to $9B from $5B.RESTRUCTURING:With its last quarterly report, Cisco also announced a restructuring plan in order to allow it to invest in key growth opportunities including silicon, optics, security and artificial intelligence. Cisco currently estimates that it will recognize pre-tax charges to its GAAP financial results of up to $1B consisting of severance and other one-time termination benefits, and other costs. These charges are primarily cash-based. Cisco said it expects to recognize approximately $450M of these charges in the fourth quarter of fiscal 2026 with the remaining amount expected to be recognized during fiscal 2027. The company added that such changes will result in the reduction of its overall workforce in Q4 by fewer than 4,000 jobs, representing less than 5% of its total employee base.KEYBANC:In late June, KeyBanc raised the firm's price target on Cisco to $130 from $125 and keeps an Overweight rating on the shares. The firm's chief investment officer survey for the first half of 2026 shows the gap "between the haves and the have-nots in the IT budget just got wider." AI and the AI-readiness spend jumped in priority by some of the largest proportions KeyBanc has seen since the technology emerged, the analyst told investors in a research note. The firm said it recommends investors stick with security, data, infrastructure and monitoring names.BOFA:Since the Q3 report, BofA has increased its price target on Cisco twice, first raising it to $135 from $114. At the time, the firm said Cisco's Q3 results and commentary around continued strong demand for Acacia keep the firm positive on the underlying demand environment for Optical Networking, the analyst tells investors.Meanwhile, BofA raised its price target on Cisco in early June to $150 from $135 and maintained a Buy rating on the shares. The firm raised price targets for Arista Networks, Cisco and Extreme Networksafter having hosted several networking sessions at its Global Technology Conference in San Francisco.MORGAN STANLEY:Also in June, Morgan Stanley raised the firm's price target on Cisco to $130 from $120 and keeps an Overweight rating on the shares. As inference and rising CPU intensity drive a front-end refresh, the firm tells investors that Cisco and Arista Networks remain its preferred ways to play what it views as "an underappreciated front-end networking refresh cycle."

Tennessee Titans Choose Extreme Networks for Wireless Connectivity

The Tennessee Titans announced they have chosen Extreme Networks to deliver advanced wireless connectivity throughout the new Nissan Stadium. The venue will be the first to deploy Extreme Multi-Beam Wireless. "The Titans had a bold vision for their new home, and we're honored they chose Extreme as a partner in bringing it to life," said John Brams, Senior Vice President, Americas at Extreme. "The network will be foundational to every fan, employee and operational experience inside the stadium, and we're excited to help power a venue built to host the biggest moments in sports and entertainment."

Extreme Networks Launches Extreme Multi-Beam Wireless Solution

Extreme Networks expanded its wireless portfolio with the addition of Extreme Multi-Beam Wireless, a stadium connectivity solution engineered to redefine Wi-Fi performance in the world's most demanding venues. Built for high-density environments, it helps increase capacity while supporting more devices and higher bandwidth demands with less complexity. Through a strategic relationship with MatSing, Extreme customers will have access to a differentiated multi-beam wireless architecture not available from any other networking provider.