Extreme Networks (NASDAQ:EXTR) Releases Q1 2020 Earnings Guidance

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.

Several research analysts have commented on the stock. BidaskClub upgraded shares of Zillow Group from a buy rating to a strong-buy rating in a report on Tuesday, July 2nd. ValuEngine lowered shares of Zumiez from a hold rating to a sell rating in a report on Tuesday, July 2nd. Zacks Investment Research upgraded shares of Investar from a hold rating to a buy rating and set a $27.00 price objective for the company in a report on Tuesday, June 4th. Finally, Lake Street Capital assumed coverage on shares of Extreme Networks in a report on Monday. They issued a buy rating and a $9.00 price objective for the company. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $9.00.

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.

Further Reading: How the Consumer Price Index (CPI) is calculated?

Earnings History and Estimates for Extreme Networks (NASDAQ:EXTR)

Receive News & Ratings for Extreme Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Extreme Networks and related companies with MarketBeat.com's FREE daily email newsletter.