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The Biggest Tech Stocks Winners And Losers In 2022

Rick Whiting

Here is a look at the technology company stocks that recorded the biggest price gains and declines in 2022. Take a look to see how the shares of leading IT companies like IBM, VMware, Rackspace and Zoom performed during the year.

Gainers No. 2: Extreme Networks

CEO: Edward Meyercord

Jan. 3, 2022, Opening: $15.56

Dec. 30, 2022, Close: $18.31

Change: +17.67%

For all of fiscal 2022 (ended June 30) Extreme Networks reported revenue of $1.11 billion, up more than 10 percent from $1.01 billion in fiscal 2021. Net income surged to $44.3 million from $1.9 million one year before.

For the first quarter of fiscal 2023 (ended Sept. 30, 2022) the company reported revenue of $297.7 million, up 11 percent from $267.7 one year before.

Extreme Networks will report its FY 2023 second quarter results on Jan. 25.

 

 
Rick Whiting

Rick Whiting has been with CRN since 2006 and is currently a feature/special projects editor. Whiting manages a number of CRN’s signature annual editorial projects including Channel Chiefs, Partner Program Guide, Big Data 100, Emerging Vendors, Tech Innovators and Products of the Year. He also covers the Big Data beat for CRN. He can be reached at rwhiting@thechannelcompany.com.

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