Extreme Networks expects about 10% per year revenue growth long-term

During the company’s investor day, an executive at Extreme Networks (EXTR) said “I’m looking at 64 to 66% gross margins. I think it’s very fair for us to be able to get there. We will continue to work to generate scale in our business and opex. So we believe that the ranges that we have for R&D, sales and marketing and G and A are very reasonable to get us to 22 to 24% as a company operating margin.” The company added: “We just gave out guidance for the rest of the year only at revenue. And we said, well, maybe we’ll actually flesh that out for you a little bit more. And here’s the flesh out which we will file as an 8-K later this afternoon. But we are updating, updating our guidance here and our guidance on the revenue is the same.”