SHAREHOLDER ALERT: Morris Kandinov Investigating MASI, EXTR, POWW, and EP; Shareholders are Encouraged to Contact the Firm
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 07 2025
0mins
Should l Buy EXTR?
Source: Globenewswire
Investigation of Multiple Companies: National law firm Morris Kandinov is investigating Masimo Corporation, Extreme Networks, AMMO Incorporated, and Empire Petroleum Corporation for possible breaches of fiduciary duties and other legal violations related to misleading investors.
Securities Class Action Lawsuits: Securities class action lawsuits have been initiated against these companies, with Morris Kandinov offering representation on a contingency fee basis, meaning shareholders incur no upfront costs.
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Analyst Views on EXTR
Wall Street analysts forecast EXTR stock price to rise
8 Analyst Rating
8 Buy
0 Hold
0 Sell
Strong Buy
Current: 14.140
Low
24.00
Averages
24.75
High
26.00
Current: 14.140
Low
24.00
Averages
24.75
High
26.00
About EXTR
Extreme Networks, Inc. is a provider of cloud networking solutions and industry services and support. The Company designs, develops, and manufactures wired, wireless, and software-defined wide area-network (SD- WAN) infrastructure equipment, software and cloud-based network management solutions. Its cloud solution is a single platform that offers unified network management of wireless access points, switches, and SD-WAN. Its products and services categories include Cloud Networking Platform, Automation, Analytics, and Security Applications, Wireless LAN AP, Wired for Edge, Campus, and Data Center, SD-WAN, Cloud Native Platforms and Applications for Service Providers and Customer Service and Support. It provides service to various industries, including business, hospitality, retail, transportation and logistics, education, government, healthcare, and service providers. Its cloud networking technologies provide flexibility in deployment, management, and licensing of networks globally.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Increased Market Attention: As analysts focus more on META, investors may reassess their portfolios, particularly against the backdrop of volatility in tech stocks.
- Rating Page Update: Comprehensive information on analyst rating changes can be found on our analyst ratings page, offering a complete view of META and other stocks to aid investors in making informed decisions.
- Lack of Investment Advice: While rating changes are provided, Benzinga does not offer specific investment advice, leaving investors to evaluate risks and rewards independently.
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- Earnings Beat: The company posted adjusted earnings per share of $0.26, exceeding the consensus of $0.24, while GAAP EPS of $0.06 also beat expectations of $0.04, showcasing enhanced profitability.
- Outlook: For Q3, Extreme Networks projects adjusted EPS between $0.23 and $0.25, with a midpoint of $0.24 slightly below the $0.25 consensus, yet revenue expectations of $311.5 million exceed the $310 million consensus, indicating robust growth potential.
- Customer Expansion: Recent wins include Baylor University and Henry Ford Health, solidifying Extreme's leadership in Wi-Fi 7 solutions and suggesting continued growth opportunities in the market.
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Extreme Networks EXTR Q2 2026 Earnings Transcript
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- Significant Revenue Growth: The company achieved total revenue of $317.9 million, reflecting a 13.8% year-over-year increase and surpassing market expectations by $5.57 million, demonstrating robust competitiveness and strong customer demand.
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Wall Street Analysts Adjust META Stock Outlook
- Analyst Rating Changes: Top Wall Street analysts have adjusted their ratings on META stock, reflecting varying market perspectives on the company's future performance, which could influence investor decisions.
- Increased Market Attention: As analysts focus more on META, investors may reassess their portfolios, particularly against the backdrop of volatility in tech stocks.
- Rating Page Update: Comprehensive information on analyst rating changes can be found on our analyst ratings page, offering a complete view of META and other stocks to aid investors in making informed decisions.
- Lack of Investment Advice: While rating changes are provided, Benzinga does not offer specific investment advice, leaving investors to evaluate risks and rewards independently.
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- Significant Revenue Growth: Extreme Networks reported Q2 revenue of $318 million, a 14% year-over-year increase that exceeded expectations, indicating strong performance and continued market share expansion in the enterprise networking sector.
- Accelerated SaaS Revenue: SaaS Annual Recurring Revenue (ARR) reached $227 million, up 25% year-over-year, reflecting robust demand for the AI-driven Platform ONE, which further solidifies the company's revenue base.
- Margin Improvement: Non-GAAP gross margin increased to 62%, up 70 basis points from the previous quarter, while operating margin improved to 15%, demonstrating effective management of costs and profitability.
- Optimistic Outlook: Management raised the full-year 2026 revenue guidance to a range of $1.252 billion to $1.270 billion, implying an 11% year-over-year growth rate, indicating strong confidence in future growth and robust market demand.
See More
Extreme Networks Reports 14% Revenue Growth in Q2 FY2026
- Revenue Growth: Extreme Networks reported $317.9 million in revenue for Q2 FY2026, reflecting a 14% year-over-year increase that surpassed the $312.3 million estimate, indicating strong performance in the network infrastructure sector.
- Earnings Beat: The company posted adjusted earnings per share of $0.26, exceeding the consensus of $0.24, while GAAP EPS of $0.06 also beat expectations of $0.04, showcasing enhanced profitability.
- Outlook: For Q3, Extreme Networks projects adjusted EPS between $0.23 and $0.25, with a midpoint of $0.24 slightly below the $0.25 consensus, yet revenue expectations of $311.5 million exceed the $310 million consensus, indicating robust growth potential.
- Customer Expansion: Recent wins include Baylor University and Henry Ford Health, solidifying Extreme's leadership in Wi-Fi 7 solutions and suggesting continued growth opportunities in the market.
See More
Extreme Networks EXTR Q2 2026 Earnings Transcript
See More
Extreme Networks Q2 Earnings Exceed Expectations
- Strong Earnings Performance: Extreme Networks reported a Q2 non-GAAP EPS of $0.26, beating expectations by $0.02, indicating a sustained enhancement in profitability that is likely to positively impact stock prices.
- Significant Revenue Growth: The company achieved total revenue of $317.9 million, reflecting a 13.8% year-over-year increase and surpassing market expectations by $5.57 million, demonstrating robust competitiveness and strong customer demand.
- SaaS ARR Growth: The SaaS annual recurring revenue reached $226.8 million, up 25.2% year-over-year and 4.9% quarter-over-quarter, highlighting rapid expansion in cloud services and future growth potential.
- Optimistic Future Guidance: The company provided FY'26 total revenue guidance of $1.262 billion to $1.270 billion, with improvements in gross and operating margins, showcasing management's confidence in future performance and the effectiveness of strategic planning.
See More
Major Earnings Reports Expected Before Wednesday's Open
- AT&T Earnings: AT&T (T) is set to report earnings before Wednesday's open, with market participants keenly observing user growth and revenue performance to assess its standing in the competitive telecom sector.
- Starbucks Performance: Starbucks Corporation (SBUX) is expected to release its earnings report before Wednesday, with investors closely monitoring the impact of global sales and new product launches to gauge future growth potential.
- ASML Earnings: ASML Holding N.V. (ASML) will report earnings before Wednesday's market opens, and the market will evaluate its performance in the semiconductor equipment sector and future order trends to predict industry directions.
- Other Companies' Reports: Several other companies, including Corning (GLW) and Teva Pharmaceutical Industries Limited (TEVA), are also scheduled to release earnings before Wednesday, with investors focusing on the implications of these reports for their respective industries.
See More
