Extreme Networks rises on upbeat Q4 forecast, Q3 results beat

Extreme Networks

26/04/2023 14:19

** Shares of network equipment firm Extreme Networks Inc
 RIC  up 9% at $17.16 premarket
    ** Co forecasts Q4 revenue and profit above Wall Street
estimates, betting on higher sequential equipment bookings
growth
    ** Expects Q4 net revenue of $340 mln to $350 mln, above
analysts' estimate of $332.4 mln - Refinitiv data
    ** Also sees Q4 adjusted EPS between 28 cents and 34 cents,
compared to analysts' estimate of 30 cents per share
    ** EXTR beats Q3 revenue and profit expectations
    ** Up to Tuesday's close, stock had fallen over 14% so far
in 2023

 (Reporting by Anne Florentyna Gnanaraja Sekar in Bengaluru)
 ((AnneFlorentyna.GnanarajaSekar@thomsonreuters.com;))