Extreme Networks shares are trading higher after the company reported better-than-expected Q1 financial results and issued Q2 guidance above estimates.
Portfolio Pulse from Benzinga Newsdesk
Extreme Networks shares rose following the release of Q1 financial results that exceeded expectations, along with Q2 guidance that surpassed estimates.
October 30, 2024 | 12:21 pm
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Extreme Networks shares increased due to better-than-expected Q1 financial results and optimistic Q2 guidance.
The company's Q1 results exceeded expectations, which is a positive indicator for investors. Additionally, the Q2 guidance being above estimates suggests continued strong performance, likely driving the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100