Extreme Networks Inc (EXTR) Releases Earnings Results, Beats Expectations By $0.01 EPS

Extreme Networks Inc (EXTR) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.03 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.02. The company posted revenue of $125.30 million in the period, compared to analysts expectations of $122.81 million. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.08 EPS.

Many Wall Street Analysts have commented on Extreme Networks Inc. Needham Upgraded Extreme Networks Inc on Feb 1, 2016 to ” Buy”, Price Target of the shares are set at $3.75.

Extreme Networks Inc closed down -0.02 points or -0.62% at $3.2 with 5,76,055 shares getting traded on Friday. Post opening the session at $3.15, the shares hit an intraday low of $3.14 and an intraday high of $3.28 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Jan 29, 2016, Eric Broockman (CTO and EVP Engineering) sold 3,967 shares at $3.61 per share price. According to the SEC, on Jan 25, 2016, Kenneth Arola (EVP Chief Financial Officer) sold 5,491 shares at $3.48 per share price. On Jan 25, 2016, Frank Blohm (EVP Operations) sold 2,882 shares at $3.48 per share price, according to the Form-4 filing with the securities and exchange commission.

Extreme Networks Inc. together with its subsidiaries is a provider of wired and wireless network infrastructure equipment software and services for enterprises data centers and service providers. The Company sells its products through an ecosystem of the Company channel partners who combine its Ethernet products with their offerings to create information technology solutions for end user customers. Its product categories include modular Ethernet switching systems stackable Ethernet switching systems high-density wireless fidelity (WiFi) centralized management software network access control (NAC) and bring your own device (BYOD) management application analytics and software-defined networking (SDN). The Company’s customers include businesses hospitals hotels universities sports venues telecommunications companies and government agencies around the world.

Extreme Networks Inc

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