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

Extreme Networks

01/11/2023 13:32

* Extreme Networks Inc  EXTR.OQ  reported quarterly adjusted
earnings of 35 cents​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of 20 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 32 cents per
share. Wall Street expected results to range from 29 cents to 34
cents per share.
    * Revenue rose 18.6% to $353.14 million from a year ago;
analysts
expected $347.04 million. 
    * Extreme Networks Inc's reported EPS for the quarter was 21
cents​.
    * The company reported quarterly net income of $28.68
million.
    * Extreme Networks Inc shares had fallen by 14.8% this
quarter and
gained 12.6% 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 6 "strong buy" or "buy," 2
"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 $31.50 
This summary was machine generated from LSEG data November 1 at
01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.24           0.27           Beat