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Extreme Networks (EXTR) Q2 Earnings and Revenues Top Estimates
EXTRExtreme Networks(EXTR) ZACKS·2025-01-29 14:16

Core Viewpoint - Extreme Networks reported quarterly earnings of 0.21pershare,exceedingtheZacksConsensusEstimateof0.21 per share, exceeding the Zacks Consensus Estimate of 0.18 per share, but down from 0.24pershareayearago,indicatinga16.670.24 per share a year ago, indicating a 16.67% earnings surprise [1] - The company generated revenues of 279.36 million for the quarter, surpassing the Zacks Consensus Estimate by 0.22%, but down from 296.38millionyear−over−year[2]EarningsPerformance−ThecompanyhassurpassedconsensusEPSestimatestwotimesoverthelastfourquarters[2]−Theearningssurpriseforthepreviousquarterwas41.67296.38 million year-over-year [2] Earnings Performance - The company has surpassed consensus EPS estimates two times over the last four quarters [2] - The earnings surprise for the previous quarter was 41.67%, with actual earnings of 0.17 per share compared to an expected 0.12[1][2]StockPerformance−ExtremeNetworksshareshavedeclinedapproximately2.90.12 [1][2] Stock Performance - Extreme Networks shares have declined approximately 2.9% since the beginning of the year, while the S&P 500 has gained 3.2% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Future Outlook - Current consensus EPS estimate for the upcoming quarter is 0.18 on revenues of 279.6million,andforthecurrentfiscalyear,itis279.6 million, and for the current fiscal year, it is 0.76 on revenues of $1.12 billion [7] - The outlook for the industry, particularly the Computer - Networking sector, is favorable, ranking in the top 35% of Zacks industries, which historically outperforms the bottom 50% by a factor of more than 2 to 1 [8]