Extreme Networks: Fiscal Second Quarter Earnings Overview

Extreme Networks Reports Strong Second Quarter Results

Extreme Networks Inc., headquartered in Morrisville, North Carolina, announced a net income of $7.9 million for its fiscal second quarter.

The company earned 6 cents per share, while adjusted earnings—which exclude certain one-time items—reached 26 cents per share.

These adjusted earnings surpassed the expectations of analysts surveyed by Zacks Investment Research, who had predicted 24 cents per share.

During the quarter, Extreme Networks generated $317.9 million in revenue from its network infrastructure products.

Outlook for Upcoming Quarters

• For the quarter ending in March, projected earnings per share are between 23 and 25 cents.
• Expected revenue for the fiscal third quarter is forecasted to be between $309.1 million and $314.1 million.
• For the full fiscal year, the company anticipates earnings per share in the range of 98 cents to $1.02, with total revenue expected to fall between $1.26 billion and $1.27 billion.

Financial data for this article was sourced from Zacks Investment Research and compiled by Automated Insights.