Thu Sep 12 13:40:00 UTC 2024: ## Extreme Networks Investors May Be Entitled to Compensation After Share Price Drops

**New York, NY** – Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Extreme Networks, Inc. (EXTR) on behalf of investors who suffered losses exceeding $100,000 between July 27, 2022, and January 30, 2024. The investigation focuses on allegations that the company and its executives made misleading statements and failed to disclose crucial information about the company’s financial performance.

The lawsuit alleges that Extreme Networks misled investors about its financial health, particularly regarding its backlog of orders and its ability to sustain revenue growth. The company’s stock price plummeted several times throughout the period in question, following announcements that contradicted prior optimistic statements.

These announcements included the resignation of the CFO, a significant decline in backlog, a revised outlook for revenue growth, and finally, a disappointing earnings report for the second quarter of 2024.

Investors who suffered losses exceeding $100,000 are encouraged to contact Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310) to discuss their legal options.

The deadline to seek the role of lead plaintiff in the class action lawsuit is October 15, 2024. The lead plaintiff will represent the interests of all other class members.

Faruqi & Faruqi, LLP is a leading national securities law firm with offices in New York, Pennsylvania, California, and Georgia. The firm has a strong track record of representing investors in securities class actions.

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