Extreme Networks, Inc (NASDAQ:EXTR) Investor Investigation Concerning Potential Securities Laws Violations Announced

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Company Name(s): 
Extreme Networks
Affected Securities: 
NASDAQ: EXTR

July 27, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Extreme Networks, Inc (NASDAQ:EXTR) shares over potential securities laws violations by Extreme Networks and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Extreme Networks, Inc (NASDAQ:EXTR) concerning whether a series of statements by Extreme Networks regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Extreme Networks, Inc reported that its Total Revenue rose from $299.34 million for the 52 weeks period that ended on June 30, 2013 to $519.55 million for the 52 weeks period that ended on June 30, 2014, while its Net Income of $9.67 million for the 52 weeks period that ended on June 30, 2013declined to a Net Loss of $57.31 million for the 52 weeks period that ended on June 30, 2014.

Shares NASDAQ:EXTR) declined from $7.48 per share in January 2014 to as low as $2.19 per share on July 22, 2015.