Now, Extreme Networks ringing the opening bell here at the NASDAQ today as the networking solutions company hosts its annual investor day here in New York City. The stock is up 7% this year amid scorching demand for cloud and AI infrastructure, positioning the company to compete with the likes of Cisco and Hillet Packard. Joining us here on set for more is Extreme Network CEO Ed Meer.Ed, great to have you with us. >> Thanks for having me. >> We don't often talk about Extreme, so can you just sort of give us ...

Core Viewpoint - Extreme Networks is experiencing significant growth due to rising demand for cloud and AI infrastructure, positioning itself as a competitor to major players like Cisco and HP [1] Company Overview - Extreme Networks operates in the enterprise networking space, focusing on providing networking solutions for AI and large data centers [3] - The company leverages AI technology to enhance the networking experience for enterprise customers, offering secure, automated, and visible network solutions [5] Market Position and Competition - The company believes that being a smaller player in the market provides a competitive advantage over larger competitors like Cisco and HP [6] - Extreme Networks is gaining traction as attention shifts towards AI, claiming to have the best solutions in the market [7][12] Financial Performance - Despite a strong earnings report, the stock has seen a decline, attributed to margin pressures and supply chain issues related to larger AI networks [9] - Oppenheimer has set a price target of $25 for the stock, indicating potential upside despite recent performance [8] Product Offering - The company provides enterprise networking solutions that combine hardware and software, catering to various sectors including government, education, and healthcare [10][11] - Extreme Networks has secured significant contracts, such as with the Japanese government, highlighting its technological differentiation [11]