Extreme Networks (NASDAQ:EXTR – Get Free Report) updated its fourth quarter 2024 earnings guidance on Wednesday. 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.
Extreme Networks Price Performance
NASDAQ EXTR traded down $0.22 during trading hours on Friday, hitting $11.20. 4,770,165 shares of the company’s stock traded hands, compared to its average volume of 2,162,929. Extreme Networks has a 52-week low of $10.57 and a 52-week high of $32.73. The company has a market capitalization of $1.44 billion, a PE ratio of -160.00, a PEG 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. The firm’s 50-day moving average is $11.52 and its 200-day moving average is $14.80.
Extreme Networks (NASDAQ:EXTR – Get Free Report) last posted its earnings results on Wednesday, January 31st. The technology company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.05). Extreme Networks had a negative net margin of 0.52% and a positive return on equity of 37.36%. The firm had revenue of $296.38 million during the quarter, compared to analyst estimates of $295.50 million. Equities analysts forecast that Extreme Networks will post 0.17 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
View Our Latest 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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