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

Extreme Networks

01/05/2024 14:32

* Extreme Networks Inc  EXTR.OQ  reported a quarterly
adjusted
loss of 19 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 29 cents.  The mean expectation of seven analysts for the
quarter was for a loss of 18 cents per share. Wall Street
expected results to range from -20 cents to -13 cents per share.
    * Revenue fell 36.5% to $211.04 million from a year ago;
analysts
expected $204.63 million. 
    * Extreme Networks Inc's reported EPS for the quarter was a
loss
of 50 cents​.
    * The company reported a quarterly loss of $64.43 million.
    * Extreme Networks Inc shares had fallen by 2.9% this
quarter and
lost 36.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 449.5% 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 "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
communications &
networking peer group is also "hold"

Wall Street's median 12-month price target for Extreme Networks
Inc is $14.50 
This summary was machine generated from LSEG data May 1 at 01:32
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
 Mar. 31 2024      -0.18          -0.19          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