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Our mission: Bringing practical business and technical intelligence to today's structured cabling professionals

For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

Throughout our annual magazine, weekly email newsletters and 24/7/365 website, Cabling Installation & Maintenance digs into the essential topics our audience focuses on.

  • Design, Installation and Testing: We explain the bottom-up design of cabling systems, from case histories of actual projects to solutions for specific problems or aspects of the design process. We also look at specific installations using a case-history approach to highlight challenging problems, solutions and unique features. Additionally, we examine evolving test-and-measurement technologies and techniques designed to address the standards-governed and practical-use performance requirements of cabling systems.
  • Technology: We evaluate product innovations and technology trends as they impact a particular product class through interviews with manufacturers, installers and users, as well as contributed articles from subject-matter experts.
  • Data Center: Cabling Installation & Maintenance takes an in-depth look at design and installation workmanship issues as well as the unique technology being deployed specifically for data centers.
  • Physical Security: Focusing on the areas in which security and IT—and the infrastructure for both—interlock and overlap, we pay specific attention to Internet Protocol’s influence over the development of security applications.
  • Standards: Tracking the activities of North American and international standards-making organizations, we provide updates on specifications that are in-progress, looking forward to how they will affect cabling-system design and installation. We also produce articles explaining the practical aspects of designing and installing cabling systems in accordance with the specifications of established standards.

Cabling Installation & Maintenance is published by Endeavor Business Media, a division of EndeavorB2B.

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Extreme Networks Surges 15.86% In May, Continues Momentum In June

Extreme Networks stock price forecast

Networking infrastructure specialist Extreme Networks Inc. (NASDAQ: EXTR) racked up a price gain of 15.86% in May and another 16.84% so far in June. 

It’s posted a three-month gain of 36.99%.

Shares gapped up 3.75% on June 12, in double average trading volume, after boutique investment bank Rosenblatt Securities boosted its price target. A glance at MarketBeat’s Extreme Networks analyst ratings shows Rosenblatt increasing its target to $30 from $23, a premium of nearly 25% above the stock’s June 12 closing price of $24.07.

Extreme Networks pretty much exemplifies the description “small but mighty.” The networking gear maker long had its sights on larger, better-known rivals Cisco Systems Inc. (NASDAQ: CSCO) and Hewlett Packard Enterprise Co. (NYSE: HPE). The company has succeeded in growing faster than either of those networking solutions providers in recent quarters. 

Extreme’s three-year revenue growth rate is 10%; its earnings growth rate is 110%. Much of that huge earnings increase is due to triple-digit quarterly growth in 2021. 

Revenue Growth Accelerated

Although sustaining triple-digit growth rates indefinitely is impossible, Extreme’s top-and-bottom-line growth remains strong. Revenue growth accelerated in the past two quarters. During that time, earnings growth rebounded after two-quarters of declines in mid-2022. 

A glance at Extreme Networks earnings data compiled by MarketBeat shows the company has a history of beating analysts’ views, going back to April 2021. 

Extreme Networks develops connectivity technologies for enterprise users, including businesses, government entities and universities. 

Its solutions range from wired and wireless networking to cloud-based management systems. 

Big-Name Customers

Customers include the Social Security Administration, the University of North Carolina, the New York Stock Exchange, Vanguard funds, the Coca-Cola Company (NYSE: KO), and FedEx Corp. (NYSE: FDX). In the world of sports, it boasts Major League Baseball, the National Football League, and the National Hockey League among its customers. 

In a May investor presentation, Extreme notes that its subscription-booking growth drivers include cloud management; renewals, migrations, additional subscription licenses; and WAN Edge. 

The latter refers to technologies that securely connect networks distributed among several remote locations. It allows for more efficient site management and application delivery.

The AI Angle

If you were wondering, yes, there is an AI angle to Extreme Networks’ rapid rise. Its ExtremeCloud IQ CoPilot uses machine learning and AI to provide customer data insights. According to the company, these insights “enable you to see, verify, and trust the data behind every recommendation.” 

CoPilot alerts customers when it identifies a problem, explains what it sees, and offers the best solution.

Like every other company that relies on tangible goods, Extreme suffered through supply-chain problems, which are now mainly in the rear-view mirror. 

In the fiscal third-quarter earnings release issued on April 26, CEO Ed Myercord said, “We believe the improving supply chain, F.

Earnings Expected To Double 

He added that the company expects earnings to more than double year-over-year.

The company wraps up fiscal 2023 in this current quarter, which ends in June. 

For the quarter, analysts expect earnings of $0.21 a share on revenue of  $343.37 million. Those would be year-over-year increases of 40% and 23%, respectively. 

Pullback Could Offer Buy Opportunity

Extreme Networks analyst ratings reveal a consensus of “moderate-buy” with a price target of $22, a downside of 8.60%. Given the stock’s rapid increase in recent months, a pullback seems likely sooner rather than later. That could offer a new buy opportunity, as the stock is currently extended beyond its most recent base buy point above $21.03. 

As a company that’s in fast growth mode, Extreme does not pay a dividend. However, it does have a share repurchase program, and in the second quarter, it repurchased 1.35 million shares for $25 million.

In May 2022, the company OK’d an increase to its share repurchase authorization to $200 million over three years, beginning in July 2022. 

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