Extreme Networks (NASDAQ:EXTR – Get Free Report) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.110-0.150 for the period, compared to the consensus 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.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on EXTR. Craig Hallum decreased their price objective on Extreme Networks from $15.00 to $13.00 and set a hold rating for the company in a research report on Thursday. TheStreet cut Extreme Networks from a b- rating to a c+ rating in a research report on Tuesday, February 20th. Needham & Company LLC reiterated a buy rating and set a $16.50 target price on shares of Extreme Networks in a research note on Wednesday. StockNews.com cut shares of Extreme Networks from a buy rating to a hold rating in a research report on Thursday, February 1st. Finally, B. Riley increased their price target on Extreme Networks from $14.00 to $15.00 and gave the company a buy rating in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Extreme Networks presently has a consensus rating of Hold and a consensus price target of $20.50.
View Our Latest Stock Analysis on Extreme Networks
Extreme Networks Trading Down 1.9 %
Extreme Networks (NASDAQ:EXTR – Get Free Report) last released its earnings results on Wednesday, January 31st. The technology company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.05). The company had revenue of $296.38 million for the quarter, compared to analyst estimates of $295.50 million. Extreme Networks had a negative net margin of 0.52% and a positive return on equity of 37.36%. On average, equities research analysts predict that Extreme Networks will post 0.17 EPS for the current year.
About Extreme Networks
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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