Extreme Networks Closed the Avaya Deal. Now What?
Networking equipment maker Extreme Networks (NASDAQ: EXTR) is almost done with its latest round of game-changing buyouts. The $100 million buyout of bankrupt rival Avaya's networking business closed on Monday.
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Avaya is expected to add $200 million of annual revenues to Extreme's sales, which currently stand at $559 million on a trailing-12-month basis. The deal should also add to Extreme's earnings and cash flow in its fiscal year 2018, which started three weeks ago.
Source: Fool.com
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