Extreme Networks (EXTR) Q3 Earnings and Revenues Surpass Estimates

Core Viewpoint - Extreme Networks reported quarterly earnings of $0.21 per share, exceeding the Zacks Consensus Estimate of $0.19 per share, and showing a significant improvement from a loss of $0.19 per share a year ago [1][2] Financial Performance - The company achieved revenues of $284.51 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.39% and increasing from $211.04 million year-over-year [2] - Over the last four quarters, Extreme Networks has exceeded consensus EPS estimates three times and topped revenue estimates four times [2] Stock Performance - Extreme Networks shares have declined approximately 20.4% since the beginning of the year, in contrast to the S&P 500's decline of 5.5% [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 - The current consensus EPS estimate for the upcoming quarter is $0.22 on revenues of $298.15 million, and for the current fiscal year, it is $0.79 on revenues of $1.13 billion [7] - The outlook for the Computer - Networking industry is positive, ranking in the top 27% of over 250 Zacks industries, suggesting potential for outperformance [8] Competitor Insights - NetScout Systems, another company in the same industry, is expected to report quarterly earnings of $0.52 per share, reflecting a year-over-year decline of 5.5%, with revenues anticipated at $197.65 million, down 2.9% from the previous year [9][10]