Extreme Networks (NASDAQ:EXTR – Get Free Report) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.110-0.150 for the period, compared to the consensus EPS 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.
Extreme Networks Price Performance
Shares of NASDAQ:EXTR traded down $0.22 during midday trading on Friday, reaching $11.20. 4,770,165 shares of the company’s stock were exchanged, compared to its average volume of 2,162,929. The firm has a market capitalization of $1.44 billion, a PE 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 quick ratio of 0.74 and a current ratio of 0.96. Extreme Networks has a 12 month low of $10.57 and a 12 month high of $32.73. The company’s 50 day simple moving average is $11.52 and its two-hundred day simple moving average is $14.80.
Extreme Networks (NASDAQ:EXTR – Get Free Report) last released its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.05). The business had revenue of $296.38 million for the quarter, compared to the consensus estimate of $295.50 million. Extreme Networks had a positive return on equity of 37.36% and a negative net margin of 0.52%. Equities research analysts expect that Extreme Networks will post 0.17 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Analysis on EXTR
Extreme Networks Company Profile
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.
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