Extreme Networks (Nasdaq: EXTR) reported earnings on April 30. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 31 (Q3), Extreme Networks missed estimates on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue contracted. Non-GAAP earnings per share didn't change. GAAP earnings per share contracted to a loss.

Margins shrank across the board.

Revenue details
 Extreme Networks reported revenue of $68.2 million. The two analysts polled by S&P Capital IQ expected revenue of $71.9 million on the same basis. GAAP reported sales were 7.0% lower than the prior-year quarter's $73.4 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.04. The two earnings estimates compiled by S&P Capital IQ forecast $0.06 per share. Non-GAAP EPS of $0.04 were the same as the prior-year quarter. GAAP EPS were -$0.02 for Q3 against $0.03 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 55.6%, 60 basis points worse than the prior-year quarter. Operating margin was 2.4%, 120 basis points worse than the prior-year quarter. Net margin was -3.3%, 650 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $77.5 million. On the bottom line, the average EPS estimate is $0.08.

Next year's average estimate for revenue is $301.1 million. The average EPS estimate is $0.20.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 114 members out of 121 rating the stock outperform, and seven members rating it underperform. Among 22 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 20 give Extreme Networks a green thumbs-up, and two 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 $5.00.

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