Extreme Networks Expects Q3 Total Net Revenue Of $200M-$210M (Est. $321.305M), Adj. EPS Of $(0.22)-$(0.17), Est $0.28
Portfolio Pulse from Benzinga Newsdesk
Extreme Networks provided a Q3 revenue forecast of $200M-$210M, significantly below the estimated $321.305M. The company also expects an adjusted EPS of $(0.22)-$(0.17), which is lower than the estimated $0.28.
January 31, 2024 | 12:13 pm
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Extreme Networks anticipates lower Q3 revenue and adjusted EPS than market estimates, which could negatively impact investor sentiment and stock price.
Extreme Networks' forecasted revenue and EPS for Q3 are substantially below analysts' expectations, which typically leads to a negative market reaction and a potential decrease in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100