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The Biggest Tech Stocks Winners And Losers In 2022
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
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.