Extreme Networks Inc reports results for the quarter ended December 31 - Earnings Summary

• Extreme Networks Inc EXTR.OQ reported quarterly adjusted earnings of 21 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 24 cents. The mean expectation of seven analysts for the quarter was for earnings of 18 cents per share. Wall Street expected results to range from 17 cents to 19 cents per share.

• Revenue fell 5.7% to $279.36 million from a year ago; analysts expected $278.05 million.

• Extreme Networks Inc's reported EPS for the quarter was 6 cents​.

• The company reported quarterly net income of $7.38 million.

• Extreme Networks Inc shares had fallen by 2.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the communications & networking peer group is also "buy"

Wall Street's median 12-month price target for Extreme Networks Inc is $20.50

This summary was machine generated from LSEG data January 29 at 02:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)