Dallas, Texas 04/09/2014 (FINANCIALSTRENDS) – Extreme Networks, Inc (NASDAQ:EXTR) announced the launch of a suite of new solution sets which are designed to meet the evolving needs of its customers for a “simple, fast and smart” network solution platforms.
The solution offerings unveiled on 31st March covered the entire product spectrum of software development architecture and its flag ship networking solutions which offers its customers a high performance solution which could be used for setting up mobile campuses to new data centres.
The new network solution, unveiled at the Interop conference showcased the seem less integration between Extreme Networks, Inc (NASDAQ:EXTR) manufactured high performance hardware and its software platform. The software platform included analytics functionality for the application layer and a management solution which can be operated from a centralized console. As part of the multiple product launches, the firm showcased a new solution for the mobile space, which includes a “wireless 802.11ac, and new BlackDiamond® X8 100GbE IO modules” which could be used to set up data centre”
Explaining the huge potential that the new solutions unveiled by Extreme Networks, Inc (NASDAQ:EXTR) has in the market space, its COO Chris Crowell has been quoted to have said that, “Extreme Networks builds networks to deliver excellence in today’s Experience Economy. We accomplish this by combining high performance hardware with a software-defined architecture that is operated as a truly unified solution. By providing a powerful and cohesive network that is simple, fast and smart, we empower our customers with positive and consistent experiences.”
On the back of the back to back product launch, rating agency Wunderlich initiated coverage of the company on 1st April. The coverage has started with a Buy rating. Incidentally, Raymond James also initiated coverage on the stock recently, and had recommended a outperform rating on the stock. It had recommended a price target of $8.