From Dow Jones & Company:

Extreme Networks shares dropped 5.9% in after-hours trading as the company lowered its second-quarter revenue outlook. The stock, which closed up 2.3%, is down 8.7% over the past year. Revenue is now expected to be between $294 million and $297 million, down from the previous outlook of $312 million to $327 million. CEO Ed Meyercord attributed the revised outlook to industry headwinds and large deals pushing out to future quarters. The company also expects annualized subscription and support revenue of about $430 million, with gross margin expected to be toward the higher end of its previous guidance. Gross margin for the quarter is expected to be between 60.2% and 62.2%.



Read more: Extreme Networks shares slide 6% following lowered outlook