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Recap: Extreme Networks Q1 Earnings

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Shares of Extreme Networks (NASDAQ:EXTR) moved higher by 0.6% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were up 12.50% year over year to $0.09, which beat the estimate of $0.06.

Revenue of $235,802,000 declined by 7.71% from the same period last year, which beat the estimate of $232,500,000.

Outlook

Q2 EPS expected to be between $0.09 and $0.12.

Q2 revenue expected to be between $235,000,000 and $245,000,000.

Details Of The Call

Date: Oct 28, 2020

View more earnings on EXTR

Time: 08:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/hibapop8

Price Action

Company's 52-week high was at $8.00

Company's 52-week low was at $1.43

Price action over last quarter: down 4.43%

Company Profile

Extreme Networks provides software-driven networking services for enterprise customers. Its products include wired and wireless network infrastructure equipment and software for network management, policy, analytics, and access controls. It offers high-density Wi-Fi, centralized management, cloud-based network management, and application analytics capabilities. Roughly half of the firm's revenue is generated in the Americas, with the rest coming from Europe, the Middle East, Africa, and Asia-Pacific.

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