Why 5G Could Be Crucial for Extreme Networks
Extreme Networks (NASDAQ: EXTR) posted disappointing fiscal second-quarter results, and next-quarter guidance seems underwhelming. In addition, management postponed its ambitious target of achieving a non-GAAP (adjusted) operating margin of 15% from mid-2020 until the second half of 2020.
Within this challenging context, CEO Ed Meyercord highlighted in the earnings call that 5G would represent a growth opportunity over the next several years. In fact, given Extreme Networks' difficulties, 5G could become the crucial element that the network vendor needs to improve its long-term performance.
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Source Fool.com
