Extreme Networks Inc reports results for the quarter ended in September 30 - Earnings Summary

Extreme Networks

30/10/2024 15:11

* Extreme Networks Inc  EXTR.OQ  reported quarterly adjusted
earnings of 17 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 35 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 12 cents per
share. Wall Street expected results to range from 12 cents to 13
cents per share.
    * Revenue fell 23.8% to $269.20 million from a year ago;
analysts
expected $260.55 million. 
    * Extreme Networks Inc's reported EPS for the quarter was a
loss
of 8 cents​.
    * The company reported a quarterly loss of $10.5 million.
    * Extreme Networks Inc shares had fallen by 5.4% this
quarter and
lost 19.4% so far this year.

FORECAST CHANGES
    * 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.

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 16.75 
This summary was machine generated from LSEG data October 30 at
03:11 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
 Sep. 30 2024      0.12           0.17           Beat
 Jun. 30 2024      0.13           -0.08          Missed
 Mar. 31 2024      -0.18          -0.19          Missed
 Dec. 31 2023      0.25           0.24           Missed