Extreme Networks, Inc. (NASDAQ:EXTR) is reporting first quarter earnings results on Wednesday 28th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.06 per share from $ 232.50 million in revenue.
For the full year, analysts predict revenues of $ 947.17 million, while looking forward to income of $ 0.36 per share.
The Company Outlook
Earnings for 1Q21 are anticipated in a range of $ 0.05 ~ $ 0.08 per share, while revenues are expected in a range of $ 233.00 million ~ $ 236.00 million
Click Here For More Historical Outlooks Of Extreme Networks, Inc.
Previous Quarter Performance
Extreme Networks, Inc. outlined income for the fourth quarter of $ 0.03 per share, from the revenue of $ 215.52 million. The quarterly earnings reduced 50.00 percent while revenues down 14.60 percent compared with the same quarter last year.
Street analysts expected Extreme Networks, Inc. to report loss of $ 0.03 per share on revenue of $ 212.71 million for the fourth quarter. The bottom line results beat street analysts by $ 0.06 or 200.00 percent, at the same time, top line results outshined analysts by $ 2.81 million or 1.32 percent.
Stock Performance
Shares of Extreme Networks, Inc. traded up $ 0.10 or 2.16 percent on Tuesday, reaching $ 4.72 with volume of 1.32 million shares. Extreme Networks, Inc. has traded high as $ 4.74 and has cracked $ 4.51 on the downward trend
According to the previous trading day, closing price of $ 4.72, representing a 223.08 % increase from the 52 week low of $ 1.43 and a 42.25 % decrease over the 52 week high of $ 8.00.
The company has a market capital of $ 585.97 million and is part of the Technology sector and Communication Equipment industry.
Conference Call
Extreme Networks, Inc. will be hosting a conference call at 8:00 AM eastern time on 28th October 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.extremenetworks.com
Extreme Networks, Inc. provides software-driven networking solutions for enterprise, data center, and service provider customers worldwide. It designs, develops, and manufactures wired and wireless network infrastructure equipment; and develops the software for network management, policy, analytics, security, and access controls.
