How Extreme Networks Stock Rose 30% in August
Shares of Extreme Networks (NASDAQ: EXTR) gained 30% in August 2017, according to data from S&P Global Market Intelligence. The maker of enterprise-grade networking equipment and network management software delivered a great second-quarter earnings report in the middle of the month, driving share prices 24% higher over a span of five market days.
In the second quarter, Extreme Networks saw sales rising 28% year over year to $179 million. Adjusted earnings jumped from $0.07 to $0.17 per share, a 142% improvement. Both numbers exceeded Wall Street's consensus estimates, which called for earnings of $0.07 per share on sales near $172 million.
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Source: Fool.com
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