Extreme Networks Earnings Preview
Portfolio Pulse from Benzinga Insights
Extreme Networks (NASDAQ:EXTR) is expected to report Q4 earnings with an EPS of $0.25. Investors are looking for an earnings beat and positive guidance for the next quarter. Despite beating EPS estimates in the past four quarters, the stock price has not consistently risen post-earnings. Shares are currently at $17.07, down 9.63% over the last year. Long-term shareholders may be bearish, but the upcoming earnings report could influence stock sentiment.
January 30, 2024 | 6:01 pm
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NEUTRAL IMPACT
Extreme Networks is anticipated to report an EPS of $0.25 for Q4. Past earnings beats have not led to consistent stock gains. With shares down 9.63% over the last year, the upcoming report and guidance will be closely watched by investors.
Extreme Networks has a history of beating EPS estimates but this has not always translated into positive stock performance the following day. With the stock down over the past year, investor sentiment is likely cautious. The upcoming earnings report could be a pivotal moment for the stock, but given the mixed historical price reactions, the short-term impact is uncertain, hence a neutral score.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100