Extreme Networks Inc reports results for the quarter ended December 31 - Earnings Summary

Extreme Networks

29/01/2025 14:32

* Extreme Networks Inc  EXTR.OQ  reported quarterly adjusted
earnings of 21 cents​​ per share for the quarter ended December
31, lower than the same quarter last year, when the company
reported EPS of 24 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 18 cents per
share. Wall Street expected results to range from 17 cents to 19
cents per share.
    * Revenue fell 5.7% to $279.36 million from a year ago;
analysts
expected $278.05 million. 
    * Extreme Networks Inc's reported EPS for the quarter was 6
cents​.
    * The company reported quarterly net income of $7.38
million.
    * Extreme Networks Inc shares had fallen by 2.9% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
communications &
networking peer group is also "buy"

Wall Street's median 12-month price target for Extreme Networks
Inc is $20.50 
This summary was machine generated from LSEG data January 29 at
02:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.18           0.21           Beat
 Sep. 30 2024      0.12           0.17           Beat
 Jun. 30 2024      0.13           -0.08          Missed
 Mar. 31 2024      -0.18          -0.19          Missed