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Extreme Networks Announces $200 Million Share Repurchase Authorization

1. Extreme Networks authorized a $200 million share buyback starting July 2025. 2. This complements the remaining $50 million repurchase from a previous authorization.

Shares Buyback
-0.58%Current Return
VS
+0.53%S&P 500
$16.3802/18 08:01 AM EDTEvent Start
$16.28502/19 02:24 PM EDTLatest Updated
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FAQ

Why Bullish?

The announcement of a substantial buyback often signals confidence in the company's future performance, potentially leading to upward price movement similar to past buybacks by companies like Apple.

How important is it?

Authorizing a share buyback is a significant corporate action that can directly influence stock prices, indicating strong financial health and shareholder return policies.

Why Long Term?

The buyback plan spans three years, indicating a long-term strategy to enhance shareholder value, as seen with other tech firms committing to share repurchases.

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MORRISVILLE, N.C.--(BUSINESS WIRE)--Extreme Networks, Inc. (Nasdaq: EXTR), a leader in AI-powered automation for networking, today announced that its Board of Directors has authorized a share repurchase of $200 million of common stock over a three-year period, commencing July 1, 2025. Extreme has approximately $50 million remaining from the share repurchase authorization approved in May 2022, which expires June 30, 2025. Kevin Rhodes, Extreme's Executive Vice President and CFO said, "We have re.

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