Extreme Networks (NASDAQ:EXTR) Releases Q4 2024 Earnings Guidance

Extreme Networks (NASDAQ:EXTR) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.110-0.150 for the period, compared to the consensus earnings per share estimate of 0.150. The company issued revenue guidance of $250.0 million-$260.0 million, compared to the consensus revenue estimate of $271.2 million. Extreme Networks also updated its FY 2024 guidance to 0.510-0.550 EPS.

Wall Street Analyst Weigh In

Several research firms have commented on EXTR. Craig Hallum dropped their target price on Extreme Networks from $15.00 to $13.00 and set a hold rating for the company in a research report on Thursday. Rosenblatt Securities upgraded shares of Extreme Networks from a neutral rating to a buy rating and lifted their target price for the stock from $15.00 to $17.00 in a research report on Thursday. StockNews.com cut shares of Extreme Networks from a buy rating to a hold rating in a research report on Thursday, February 1st. B. Riley raised their price target on shares of Extreme Networks from $14.00 to $15.00 and gave the company a buy rating in a research note on Thursday. Finally, TheStreet cut shares of Extreme Networks from a b- rating to a c+ rating in a research note on Tuesday, February 20th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $20.50.

Extreme Networks Trading Down 1.9 %

Shares of EXTR traded down $0.22 during trading hours on Friday, hitting $11.20. 4,770,165 shares of the stock were exchanged, compared to its average volume of 2,162,929. Extreme Networks has a fifty-two week low of $10.57 and a fifty-two week high of $32.73. The business has a 50-day moving average of $11.52 and a 200-day moving average of $14.80. The firm has a market capitalization of $1.44 billion, a P/E ratio of -160.00, a price-to-earnings-growth ratio of 4.07 and a beta of 1.88. The company has a debt-to-equity ratio of 2.78, a current ratio of 0.96 and a quick ratio of 0.74.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.05). Extreme Networks had a positive return on equity of 37.36% and a negative net margin of 0.52%. The business had revenue of $296.38 million for the quarter, compared to analyst estimates of $295.50 million. On average, research analysts expect that Extreme Networks will post 0.17 EPS for the current year.

About Extreme Networks

Extreme Networks, Inc delivers cloud-driven networking solutions that leverage the powers of machine learning, artificial intelligence, analytics, and automation.
The company designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security, and access controls.