Extreme Networks (EXTR) Set to Announce Quarterly Earnings ... - Jonathan Cartu Computer Repair Consultant Services
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Extreme Networks (EXTR) Set to Announce Quarterly Earnings …

Extreme Networks (EXTR) Set to Announce Quarterly Earnings …

Extreme Networks (NASDAQ:EXTR) will release its earnings data before the market opens on Wednesday, July 31st. Analysts expect Extreme Networks to post earnings of ($0.02) per share for the quarter. Extreme Networks has set its Q4 guidance at $0.02-0.06 EPS.

Extreme Networks (NASDAQ:EXTR) last announced its earnings results on Wednesday, May 1st. The technology company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.05 by $0.03. Extreme Networks had a positive return on equity of 26.15% and a negative net margin of 1.41%. The company had revenue of $250.90 million for the quarter, compared to analyst estimates of $253.49 million. During the same quarter in the prior year, the company earned $0.16 EPS. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, analysts expect Extreme Networks to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of Extreme Networks stock opened at $7.06 on Wednesday. Extreme Networks has a one year low of $4.81 and a one year high of $9.08. The company has a current ratio of 1.29, a quick ratio of 1.10 and a debt-to-equity ratio of 1.37. The company’s 50-day simple moving average is $6.24. The company has a market cap of $838.41 million, a price-to-earnings ratio of 16.05 and a beta of 1.57.

Several brokerages recently commented on EXTR. Zacks Investment Research upgraded Investar from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Tuesday, June 4th. BidaskClub upgraded Zillow Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 2nd. Finally, ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Extreme Networks currently has a consensus rating of “Buy” and an average target price of $9.00.

About Extreme Networks

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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Earnings History for Extreme Networks (NASDAQ:EXTR)

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