{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-002958","form_type":"8-K","ticker":"EXTR","cik":"0001078271","company_name":"EXTREME NETWORKS INC","filed_at":"2024-01-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.305956+00:00","generated_at":"2026-06-07T01:56:50.872317+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Extreme Networks cuts Q2 revenue outlook to ~$294-297M, cites channel digestion and elongated sales cycles","bullets":["Q2 revenue expected $294-297M vs prior $312-327M; large deals pushed to future quarters.","Annualized subscription revenue ~$430M, 41% YoY growth (up from 32% in Q1).","Recurring revenue to be 33% of total; gross margin at higher end of prior range.","Cash balance $221.4M after $25M share repurchases in Q2.","Full Q2 earnings call scheduled for January 31, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-002958","json":"https://secwatch.observer/filing/0000950170-24-002958.json","markdown":"https://secwatch.observer/filing/0000950170-24-002958.md","text":"https://secwatch.observer/filing/0000950170-24-002958.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1078271/000095017024002958/0000950170-24-002958-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1078271/000095017024002958/extr-20240108.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T01:56:50.872317+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e3bb1241fb4f04120934be345c1bb43e3af1b0a0","claim":"EXTREME NETWORKS INC reported second quarter ended December 31, 2023 results: revenue approximately $294 to $297 million. Guidance lowered.","evidence_excerpt":"Second quarter revenues are now expected to be approximately $294 to $297 million, compared to the prior outlook of $312 to $327 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1078271/000095017024002958/0000950170-24-002958-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter ended December 31, 2023"},{"label":"Revenue","value":"approximately $294 to $297 million"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}