EXTR - These Analysts Slash Their Forecasts On Extreme Networks After Q2 Results | Benzinga
Extreme Networks, Inc. (NASDAQ: EXTR) reported mixed second-quarter financial results on Wednesday.
The company reported a second-quarter FY24 revenue decline of 6.9% year over year to $296.37 million, beating the consensus of $295.61 million. Adjusted EPS of 24 cents missed the consensus estimate of 25 cents, according to data from Benzinga Pro.
Product revenue slumped 16.5% to $186.6 million. Subscription and support revenue grew 15.7% Y/Y to $109.8 million. SaaS ARR was $158.0 million, up 37.4% year-over-year.
Extreme Networks said it expects third-quarter total net revenue of $200 million-$210 million (estimate: $321.305 million). The company sees third-quarter adjusted EPS of $(0.22)-$(0.17) ...