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-0.0107660728071383 -0.00478159653857905 5.98447626854541E-06 5.98447626854541E-06 5.98447626854541E-06 0.017941459853141 0.0173609656550906 0.0251407848042179
Stock impact report

Extreme Networks Announces $200 Million Share Repurchase Authorization

Extreme Networks, Inc. (EXTR) 
Last extreme networks, inc. earnings: 1/29 07:05 am Check Earnings Report
US:NASDAQ Investor Relations: investor.extremenetworks.com
Company Research Source: Business Wire
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 resumed our buyback activity after several quarters of sequential growth and improvement in cash flow. Given the confidence we have in our long-term growth prospects, we believe the best use of free cash flow is to deleverage our balance sheet, offset dilution from our equity programs, and to opportunistically return capital to shareholders. This buyback authorization further extends our ability to maximize shareholder returns beyond fiscal 2025.”The manner, timing and amount of any future purc Show less Read more
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