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

Extreme Networks

31/01/2024 14:32

* Extreme Networks Inc  EXTR.OQ  reported quarterly adjusted
earnings of 24 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 27 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 25 cents per
share. Wall Street expected results to range from 20 cents to 31
cents per share.
    * Revenue fell 6.9% to $296.38 million from a year ago;
analysts
expected $295.61 million. 
    * Extreme Networks Inc's reported EPS for the quarter was 3
cents​.
    * The company reported quarterly net income of $3.99
million.
    * Extreme Networks Inc shares had fallen by 5.7% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 23.5%
in the last three months.​ 
    * In the last 30 days, six analysts negatively revised
earnings
estimates

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

Wall Street's median 12-month price target for Extreme Networks
Inc is $19.00 
This summary was machine generated from LSEG data January 31 at
02:31 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 2023      0.25           0.24           Missed
 Sep. 30 2023      0.32           0.35           Beat
 Jun. 30 2023      0.31           0.33           Beat
 Mar. 31 2023      0.26           0.29           Beat