Extreme Networks: Posts strong Q3 results, share rises

Extreme Networks

28/04/2021 17:30

** Cloud networking co's shares  EXTR.O  up 4.3% at $10.73 -
set for a fourth straight session of gains
    ** Revenue surges 21% to $253.4 mln in Q3, beating estimates
of $244.6 mln, according to Refinitiv data
    ** Says, rise in revenue was driven by demand for co's
cloud-driven networking solutions during COVID-19  urn:newsml:reuters.com:*:nPn55xCkga
    ** Co also sees Q4 revenue above estimates
    ** "Looking ahead at Q4, we continue to expect double-digit
year-over-year revenue growth as demand for our differentiated
cloud-driven networking solutions continues to build" - Extreme
    ** Stock up 56% YTD

 (Reporting by Tiyashi Datta in Bengaluru)
 ((tiyashi.datta@thomsonreuters.com))