Extreme Networks, Inc. reports results for the quarter ended September 30 - Earnings Summary

• Extreme Networks, Inc. reported quarterly adjusted earnings of 33 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 22 cents. The mean expectation of eight analysts for the quarter was for earnings of 28 cents per share. Wall Street expected results to range from 27 cents to 30 cents per share.

• Revenue rose 9.9% to $341.09 million from a year ago; analysts expected $336.72 million.

• Extreme Networks, Inc.'s reported EPS for the quarter was 12 cents​.

• The company reported quarterly net income of $15.98 million.

• Extreme Networks, Inc. shares had risen by 11.2% this quarter and gained 43.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.1% 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 7 "strong buy" or "buy," 1 "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 $34.00, about 29.9% above its last closing price of $23.85

This summary was machine generated from LSEG data October 28 at 02:17 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)