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EXTR Extreme Networks News Story

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

Extreme Networks Inc EXTR.OQ reported quarterly adjusted earnings of 25 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -8 cents.  The mean expectation of seven analysts for the quarter was for earnings of 23 cents per share. Wall Street expected results to range from 22 cents to 23 cents per share.

Revenue rose 19.6% to $307.00 million from a year ago; analysts expected $299.86 million.

Extreme Networks Inc's reported EPS for the quarter was a loss of 6 cents​.

The company reported a quarterly loss of $7.8 million.

Extreme Networks Inc shares had fallen by 1.6% this quarter and gained 5.6% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 0.3% 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 $20.00, about 11.6% above its last closing price of $17.67

This summary was machine generated from LSEG data August 6 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 ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 20250.230.25Beat
Mar. 31 20250.180.21Beat
Dec. 31 20240.180.21Beat
Sep. 30 20240.120.17Beat

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