Extreme Networks (EXTR) beats Q1 earnings and revenue estimates with positive surprise.

From NASDAQ: 2024-10-30 08:15:11

Extreme Networks (EXTR) reported quarterly earnings of $0.17 per share, surpassing expectations and showing a 41.67% surprise. Revenues were $269.2 million, beating estimates by 2.75%. The stock has underperformed this year, but future performance hinges on earnings outlook and industry trends. Investors await updates on estimates and industry rank. Cisco Systems (CSCO) is set to report results soon, with expected earnings of $0.87 per share and revenues of $13.76 billion, down from last year. The Zacks Rank for Extreme Networks is currently a Hold, indicating market performance in the near future. For more insights on potential investments, check out Zacks Investment Research for stock analysis and recommendations.



Read more at NASDAQ: Extreme Networks (EXTR) Surpasses Q1 Earnings and Revenue Estimates