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

Extreme Networks

02/08/2023 14:33

* Extreme Networks Inc  EXTR.OQ  reported quarterly adjusted
earnings of 33 cents​​ per share for the quarter ended in June.
The mean expectation of seven analysts for the quarter was
for earnings of 31 cents per share.
    * Revenue rose 30.8% to $363.90 million from a year ago;
analysts
expected $343.54 million. 
    * Extreme Networks Inc's reported EPS for the quarter was 19
cents​.
    * The mean earnings estimate of analysts had risen by
about 1.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Extreme Networks Inc shares had risen by 6.9% this
quarter and
gained 52.1% so far this year.
    * The company reported quarterly net income of $25.4
million.
    * Wall Street's median 12-month price target for Extreme
Networks
Inc is $27.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 01:33 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.31           0.33           Beat
 Mar. 31 2023      0.26           0.29           Beat
 Dec. 31 2022      0.24           0.27           Beat
 Sep. 30 2022      0.17           0.20           Beat