Extreme Networks Expects Q2 $312M-$327.0M Vs $367.95M Estimate; Sees Adjusted EPS Between $0.26-$0.31 Vs $0.37 Estimate; For FY24 Company Sees Revenue Growth Of Mid-To-High Single Digits
Portfolio Pulse from Benzinga Newsdesk
Extreme Networks has provided its Q2 and FY24 guidance, expecting Q2 revenue of $312M-$327M, lower than the $367.95M estimate. The company also anticipates an adjusted EPS between $0.26-$0.31, below the $0.37 estimate. For FY24, the company projects revenue growth in the mid-to-high single digits.
November 01, 2023 | 11:35 am
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NEGATIVE IMPACT
Extreme Networks' lower than expected Q2 revenue and EPS guidance may negatively impact its stock price in the short term.
Extreme Networks' lower than expected Q2 guidance indicates potential underperformance, which could lead to a decrease in its stock price. The company's FY24 revenue growth projection may partially offset this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100