Extreme Networks (Nasdaq: EXTR ) is expected to report Q3 earnings on April 30. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Extreme Networks's revenues will decrease -2.0% and EPS will grow 50.0%.
The average estimate for revenue is $71.9 million. On the bottom line, the average EPS estimate is $0.06.
Last quarter, Extreme Networks tallied revenue of $75.6 million. GAAP reported sales were 8.8% lower than the prior-year quarter's $82.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.03. GAAP EPS were -$0.04 for Q2 versus $0.04 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 53.9%, 200 basis points worse than the prior-year quarter. Operating margin was 1.3%, 410 basis points worse than the prior-year quarter. Net margin was -5.6%, much worse than the prior-year quarter.
The full year's average estimate for revenue is $301.1 million. The average EPS estimate is $0.20.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 115 members out of 122 rating the stock outperform, and seven members rating it underperform. Among 25 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 22 give Extreme Networks a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Extreme Networks is outperform, with an average price target of $5.17.
Internet software and services are being consumed in radically different ways, on increasingly mobile devices. Does Extreme Networks fit in anymore? Check out the company that Motley Fool analysts expect to lead the pack in "The Next Trillion-dollar Revolution." Click here for instant access to this free report.
- Add Extreme Networks to My Watchlist.