Extreme Networks (NASDAQ:EXTR) issued an update on its first quarter 2020 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.03-0.07 for the period, compared to the Thomson Reuters consensus estimate of $0.11. The company issued revenue guidance of $235.00 – 245.00, compared to the consensus revenue estimate of $244.21 million.Extreme Networks also updated its Q1 guidance to $0.03-0.07 EPS.
Shares of EXTR opened at $7.36 on Wednesday. The stock has a market cap of $850.29 million, a PE ratio of 16.73 and a beta of 1.57. The company has a quick ratio of 1.10, a current ratio of 1.29 and a debt-to-equity ratio of 1.37. The firm’s fifty day moving average price is $6.44. Extreme Networks has a twelve month low of $4.81 and a twelve month high of $9.08.
Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.03. Extreme Networks had a negative net margin of 1.41% and a positive return on equity of 26.15%. The business had revenue of $250.90 million during the quarter, compared to analyst estimates of $253.49 million. During the same period in the prior year, the business earned $0.16 EPS. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, analysts predict that Extreme Networks will post 0.08 earnings per share for the current fiscal year.
Extreme Networks Company Profile
Extreme Networks, Inc provides software-driven networking solutions for enterprise customers worldwide. It designs, develops, and manufactures wired and wireless network infrastructure equipment; and develops the software for network management, policy, analytics, security, and access controls. The company offers edge/access Ethernet switching systems that deliver Ethernet connectivity for edge of the network; aggregation/core Ethernet switching systems for aggregation, top-of-rack, and campus core environments; data center switching systems for enterprises and cloud data centers; and wireless access point products, as well as distributed Wi-Fi networks.
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