Extreme Networks Full Year 2024 Earnings: EPS Misses Expectations

Extreme Networks (NASDAQ:EXTR) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.12b (down 15% from FY 2023).
• Net loss: US$86.0m (down by 210% from US$78.1m profit in FY 2023).
• US$0.67 loss per share (down from US$0.60 profit in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Extreme Networks EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 197%.

Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Communications industry in the US.

Performance of the American Communications industry.

The company's shares are up 7.7% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Extreme Networks that you should be aware of.

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