Extreme Networks Expects Q4 Revenue Of $265M-$275M, Est. $355.32M
Portfolio Pulse from Benzinga Newsdesk
Extreme Networks provided a Q4 revenue forecast of $265M-$275M, which falls significantly short of the estimated $355.32M expected by analysts.
January 31, 2024 | 12:15 pm
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Extreme Networks' revenue forecast for Q4 is well below analyst expectations, which could lead to a negative short-term impact on its stock price.
When a company's revenue forecast is significantly lower than analyst estimates, it often results in a negative perception of the company's financial health and future prospects. This can lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
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