Extreme Networks, Inc. has announced a $200 million share repurchase authorization over a three-year period starting July 1, 2025. The company still has $50 million remaining from a previous repurchase authorization approved in May 2022, which expires June 30, 2025.

Kevin Rhodes, executive vice president and CFO, highlighted that after several quarters of sequential growth and improved cash flow, Extreme Networks is resuming buybacks to deleverage its balance sheet, offset equity dilution, and return capital to shareholders. The repurchase program will be evaluated based on market conditions, stock price, and cash availability, and it may be modified, suspended, or terminated at any time.

The company reaffirmed its long-term growth prospects and its commitment to maximizing shareholder returns beyond fiscal 2025. The stock buyback will be conducted in the open market or through a 10b5-1 plan, subject to regulatory considerations.

About Extreme Networks:
Extreme Networks is a leader in AI-driven cloud networking, providing secure and automated solutions for businesses globally. The company leverages AI, analytics, and automation to optimize networking capabilities, serving tens of thousands of customers worldwide.

For more information, visit www.extremenetworks.com or follow Extreme Networks on LinkedIn, YouTube, X (formerly Twitter), Facebook, and Instagram.