Why Extreme Networks, Inc. Stock Jumped 15% Today
Extreme Networks (NASDAQ: EXTR) reported fourth-quarter results on Monday night, blowing Wall Street's estimates out of the water. In response, the enterprise networking expert's shares jumped as much as 14.7% higher in Tuesday's early trading before settling down to a 10.1% gain at 11:15 a.m. EDT.
Sales rose 28% year over year, landing at $179 million. Adjusted earnings per share more than doubled from $0.07 to $0.17. Analysts would have settled for earnings of $0.07 per share on sales near $172 million.
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Source: Fool.com
Extreme Networks Stock
€12.13
-0.320%
Extreme Networks is currently one of the favorites of our community with 18 Buy predictions and no Sell predictions.
With a target price of 15 € there is a positive potential of 23.71% for Extreme Networks compared to the current price of 12.13 €.
