Extreme Networks Inc (EXTR) Releases Earnings Results, Reports EPS of $0.10 EPS

Extreme Networks Inc (EXTR) reported quarterly earnings results on Wednesday, Aug-3-2016. The company reported $0.10 EPS for the quarter. Analysts had a consensus estimate of $0.10. The company posted revenue of $140.00 million in the period, compared to analysts expectations of $142.19 million. The company’s revenue was down -7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.

Extreme Networks Inc opened for trading at $3.77 and hit $3.855 on the upside on Tusday, eventually ending the session at $3.84, with a gain of 1.05% or 0.04 points. The heightened volatility saw the trading volume jump to 6,43,801 shares. Company has a market cap of $402 M.

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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