Norman Rice - Extreme Networks President

EXTR Stock  USD 11.15  0.06  0.54%   

President

Mr. Norman J. Rice, III is Chief Marketing, Development and Product Operations Officer of the company, since August 2, 2017. He was Vice President and General Manager of the Telecommunications Software business unit of CA, Inc., a provider of information technology management software, since June 2005. He was Managing Partner of Dawn Patrol, LLC, a management consulting firm, since September 2006. He serves as an Advisory Principal at Chartworth LLC and Chartworth Capital LLC. Mr. Rice served as Executive Vice President of Global Marketing, Supply Chain Corporationrationrate Development of Extreme Networks Inc. since August 3, 2016 until August 2, 2017 since 2017.
Age 40
Tenure 7 years
Professional MarksMBA
Address 2121 RDU Center Drive, Morrisville, NC, United States, 27560
Phone408-579-2800
Webhttps://www.extremenetworks.com
Rice served as Executive Vice President of Marketing and Corporationrationrationrate Development of Extreme Networks Inc. since April 22, 2015 until August 3, 2016. He cofounded a software company that developed statistical software for the environmental services industry. He served as an Independent Director of DSP Group Inc. since May 2013 until June 6, 2016. He served as a Director of NitroSecurity, Inc., since July 2007. He is published in several academic and industry journals. He holds a B.S. in Engineering from the University of Michigan. He is a Distinguished Fellow from Dartmouth College where he earned an M.B.A. and an M.S. in Engineering.

Extreme Networks Management Efficiency

The company has return on total asset (ROA) of 0.0723 % which means that it generated a profit of $0.0723 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.8324 %, meaning that it created $0.8324 on every $100 dollars invested by stockholders. Extreme Networks' management efficiency ratios could be used to measure how well Extreme Networks manages its routine affairs as well as how well it operates its assets and liabilities. As of 04/25/2024, Return On Tangible Assets is likely to grow to 0.10. Also, Return On Capital Employed is likely to grow to 0.18. At this time, Extreme Networks' Total Assets are relatively stable compared to the past year. As of 04/25/2024, Non Current Assets Total is likely to grow to about 682.9 M, while Total Current Assets are likely to drop slightly above 334 M.
The company currently holds 264.61 M in liabilities with Debt to Equity (D/E) ratio of 3.89, implying the company greatly relies on financing operations through barrowing. Extreme Networks has a current ratio of 0.96, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Extreme Networks until it has trouble settling it off, either with new capital or with free cash flow. So, Extreme Networks' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Extreme Networks sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Extreme to invest in growth at high rates of return. When we think about Extreme Networks' use of debt, we should always consider it together with cash and equity.

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Extreme Networks, Inc. provides software-driven networking solutions worldwide. Extreme Networks, Inc. was incorporated in 1996 and is headquartered in Morrisville, North Carolina. Extreme Networks operates under Communication Equipment classification in the United States and is traded on NASDAQ Exchange. It employs 2643 people. Extreme Networks (EXTR) is traded on NASDAQ Exchange in USA. It is located in 2121 RDU Center Drive, Morrisville, NC, United States, 27560 and employs 2,849 people. Extreme Networks is listed under Communications Equipment category by Fama And French industry classification.

Management Performance

Extreme Networks Leadership Team

Elected by the shareholders, the Extreme Networks' board of directors comprises two types of representatives: Extreme Networks inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Extreme. The board's role is to monitor Extreme Networks' management team and ensure that shareholders' interests are well served. Extreme Networks' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Extreme Networks' outside directors are responsible for providing unbiased perspectives on the board's policies.
Eric Broockman, CTO and Executive VP of Engineering
Drew Davies, CFO, Executive Vice President
Joseph Vitalone, Chief Officer
Rmi Thomas, Ex CFO
Charles Carinalli, Independent Director
Frank Blohm, Executive VP of Operations, Supply Chain, Quality and IT
Norman Rice, Executive Vice President of Global Marketing and Corporate Development
Kelley StevenWaiss, Chief Human Resource Officer, Executive Vice President
Wesley Durow, Chief Officer
Edward III, CEO President
Edward Kennedy, Independent Director
Maryam AlexandrianAdams, Director
Katayoun Motiey, Administrative Legal
Stanley Kovler, Vice Relations
Edward Meyercord, Independent Chairman of the Board
John Morrison, Senior EMEA
Eileen Brooker, Executive VP of Alliances, Strategic Accounts and OEM
Gina Christopher, Deputy Counsel
Benjamin Davies, CFO, Executive Vice President
John Shoemaker, Independent Director
Kevin Rhodes, Executive CFO
Norman III, Chief Officer
Remi Thomas, CFO
Kimberley Basnight, Senior Officer
Robert Gault, Executive VP of Worldwide Sales, Services and Channels
Kenneth Arola, CFO and Executive VP
Katy Motiey, Executive Vice President Chief Administrative Officer – Legal, HR, Corporate Secretary
John Abel, Chief Officer
Monica Kumar, Executive Officer
Kathleen Holmgren, Director - Nominee
John Kispert, Independent Director
Nabil Bukhari, Chief Business
Raj Khanna, Director
Allison Amadia, Executive VP , General Counse and Corporate Secretary
Rajendra Khanna, Independent Director
Matt Cleaver, Interim CFO, and Principal Financial and Accounting Officer

Extreme Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Extreme Networks a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Extreme Networks

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Extreme Networks position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Extreme Networks will appreciate offsetting losses from the drop in the long position's value.

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The ability to find closely correlated positions to Extreme Networks could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Extreme Networks when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Extreme Networks - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Extreme Networks to buy it.
The correlation of Extreme Networks is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Extreme Networks moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Extreme Networks moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Extreme Networks can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Extreme Networks is a strong investment it is important to analyze Extreme Networks' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Extreme Networks' future performance. For an informed investment choice regarding Extreme Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Extreme Networks. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
To learn how to invest in Extreme Stock, please use our How to Invest in Extreme Networks guide.
You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

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Is Extreme Networks' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Extreme Networks. If investors know Extreme will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Extreme Networks listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.77)
Earnings Share
0.6
Revenue Per Share
10.456
Quarterly Revenue Growth
(0.07)
Return On Assets
0.0723
The market value of Extreme Networks is measured differently than its book value, which is the value of Extreme that is recorded on the company's balance sheet. Investors also form their own opinion of Extreme Networks' value that differs from its market value or its book value, called intrinsic value, which is Extreme Networks' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Extreme Networks' market value can be influenced by many factors that don't directly affect Extreme Networks' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Extreme Networks' value and its price as these two are different measures arrived at by different means. Investors typically determine if Extreme Networks is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Extreme Networks' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.