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Extreme Networks

Extreme Networks Inc provides cloud networking solutions and industry services and support. Extreme designs, develops, and manufactures wired, wireless, and software-defined wide area-network (SD- WAN) infrastructure equipment, software and cloud-based network management solutions. The company's cloud solution is a single platform that offers unified network management of wireless access points, switches, and SD-WAN. The company operates in a single segment which develops and markets network infrastructure equipment. Roughly half of the firm's revenue is generated in the Americas, with the rest coming from Europe, the Middle East, Africa, and Asia-Pacific.

Extreme Networks Inc

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Shares of Cisco Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) climbed on Monday, with its rally expected <a href="https://www.benzinga.com/tech/24/10/41513330/cisco-why-analysts-are-targeting-35-gains-by-christmas">to carry through year-end</a> as the company prepares to announce Q1 earnings on Wednesday.
Despite the company's shares adding 28% since mid-August, versus 10% gains in the S&amp;P 500, the stock has "further headroom for upside in the medium term," according to JPMorgan.
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58ac4af2b85e930001e6383f/samik-chatterjee">Analyst Samik Chatterjee</a> upgraded the rating for Cisco Systems from Neutral to Overweight, while raising the price target from $55 to $66.
The Cisco Systems Thesis: Expectations of a recovery in the Networking market in 2025 are supported by the recent earnings releases by Juniper Networks, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNPR#NYSE">JNPR</a>) and Extreme Networks Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXTR#NASDAQ">EXTR</a>), Chatterjee said in the upgrade note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Both companies highlighted "encouraging signs" related to customer demand and activity, which suggests that "a Networking recovery is underway," he added.
"Importantly, Cisco being the bellwether of the Networking market should not only benefit from the improving demand signs in the underlying market, but also benefit from better leverage on the recovery given recent workforce reductions through the course of 2024 (~10k employees in total), driving our conviction for the company being well-positioned to drive earnings upside over the next twelve months," the analyst wrote.
The company is now re-focusing on Security, which has expanded from less than 10% of total product revenue to "being on track to account for almost 20% or greater" and is a "positive wild card" that must be watched, he stated.
CSCO Price Action: Shares of Cisco Systems were up 1.4% to $58.95 at the time of publication Monday.
Read More: 
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Cisco Gains Ahead Of Q1 Earnings As JPMorgan Projects Networking Market Recovery In 2025

As a result, several NHL clubs, including the Anaheim Ducks, Calgary Flames, Columbus Blue Jackets and Nashville Predators, have deployed Extreme solutions to enhance in-arena Wi-Fi connectivity, deliver immersive fan experiences and create a backbone for a host of new digital services.

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Extreme Networks Expands Partnership With NHL; No Terms Disclosed

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Shares of companies within the broader technology sector are trading higher in sympathy with overall market strength after Donald Trump was elected president of the United States.

Analysts' ratings for Extreme Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXTR#NASDAQ">EXTR</a>) over the last quarter vary from bullish to bearish, as provided by 4 analysts.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $21.38, a high estimate of $22.50, and a low estimate of $21.00. Observing a 17.15% increase, the current average has risen from the previous average price target of $18.25. 
<img src="https://www.benzinga.com/files/images/story/2024/1730912454_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The perception of Extreme Networks by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Mike Genovese</td>
<td>Rosenblatt</td>
<td>Maintains</td>
<td>Buy</td>
<td>$21.00</td>
<td>$21.00</td>
</tr>
<tr>
<td>Dave Kang</td>
<td>B. Riley Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$21.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Christian Schwab</td>
<td>Craig-Hallum</td>
<td>Raises</td>
<td>Buy</td>
<td>$22.50</td>
<td>$17.00</td>
</tr>
<tr>
<td>Mike Genovese</td>
<td>Rosenblatt</td>
<td>Raises</td>
<td>Buy</td>
<td>$21.00</td>
<td>$17.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Extreme Networks. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Extreme Networks compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Extreme Networks's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
To gain a panoramic view of Extreme Networks's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/EXTR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Extreme Networks analyst ratings.</a>
<h2>Discovering Extreme Networks: A Closer Look</h2>
Extreme Networks Inc provides cloud networking solutions and industry services and support. Extreme designs, develops, and manufactures wired, wireless, and software-defined wide area-network (SD- WAN) infrastructure equipment, software and cloud-based network management solutions. The company's cloud solution is a single platform that offers unified network management of wireless access points, switches, and SD-WAN. The company operates in a single segment which develops and markets network infrastructure equipment. Roughly half of the firm's revenue is generated in the Americas, with the rest coming from Europe, the Middle East, Africa, and Asia-Pacific.
<h3>Extreme Networks: Delving into Financials</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3 months period, Extreme Networks faced challenges, resulting in a decline of approximately -23.77% in revenue growth as of 30 September, 2024. This signifies a reduction in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Extreme Networks's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -3.9%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Extreme Networks's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -36.22%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -1.0%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Extreme Networks's debt-to-equity ratio is notably higher than the industry average. With a ratio of 7.22, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>The Basics of Analyst Ratings</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Demystifying Extreme Networks: Insights From 4 Analyst Reviews

Rosenblatt analyst Mike Genovese maintains Extreme Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXTR#NASDAQ">EXTR</a>) with a Buy and maintains $21 price target.

Rosenblatt Maintains Buy on Extreme Networks, Maintains $21 Price Target

B. Riley Securities analyst Dave Kang maintains Extreme Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXTR#NASDAQ">EXTR</a>) with a Buy and raises the price target from $18 to $21.

B. Riley Securities Maintains Buy on Extreme Networks, Raises Price Target to $21

Craig-Hallum analyst Christian Schwab maintains Extreme Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXTR#NASDAQ">EXTR</a>) with a Buy and raises the price target from $17 to $22.5.

Craig-Hallum Maintains Buy on Extreme Networks, Raises Price Target to $22.5

Rosenblatt analyst Mike Genovese maintains Extreme Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXTR#NASDAQ">EXTR</a>) with a Buy and raises the price target from $17 to $21.

Rosenblatt Maintains Buy on Extreme Networks, Raises Price Target to $21

<h3>Gainers</h3>
<ul>
<li>Maxeon Solar Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAXN#NASDAQ">MAXN</a>) stock moved upwards by 57.8% to $9.83 during Wednesday's regular session. The company's market cap stands at $150.3 million. </li>
<li>Unisys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UIS#NYSE">UIS</a>) stock increased by 31.59% to $7.08. The market value of their outstanding shares is at $490.1 million. As per the press release, Q3 earnings came out yesterday. </li>
<li>Atomera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATOM#NASDAQ">ATOM</a>) shares moved upwards by 17.11% to $3.9. The company's market cap stands at $108.4 million. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Extreme Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXTR#NASDAQ">EXTR</a>) stock rose 14.02% to $16.21. The company's market cap stands at $2.1 billion. As per the news, the Q1 earnings report came out today. </li>
<li>Iveda Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVDA#NASDAQ">IVDA</a>) stock rose 13.73% to $1.63. The market value of their outstanding shares is at $3.6 million. </li>
<li>Pros Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRO#NYSE">PRO</a>) stock rose 11.81% to $21.67. The company's market cap stands at $1.0 billion. As per the news, the Q3 earnings report came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Super Micro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares declined by 31.8% to $33.5 during Wednesday's regular session. The company's market cap stands at $19.6 billion. </li>
<li>Qorvo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>) shares declined by 26.88% to $73.47. The market value of their outstanding shares is at $6.9 billion. The company's, Q2 earnings came out yesterday. </li>
<li>DatChat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DATS#NASDAQ">DATS</a>) shares declined by 21.6% to $1.47. The company's market cap stands at $4.4 million. </li>
<li>ARB IOT Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARBB#NASDAQ">ARBB</a>) stock fell 14.57% to $0.47. The company's market cap stands at $12.4 million. </li>
<li>Blackbaud (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLKB#NASDAQ">BLKB</a>) stock fell 14.52% to $74.78. The market value of their outstanding shares is at $3.8 billion. As per the press release, Q3 earnings came out today. </li>
<li>Phunware (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHUN#NASDAQ">PHUN</a>) stock declined by 13.42% to $7.52. The company's market cap stands at $85.2 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Wednesday's Intraday Session

Extreme Networks shares are trading higher after the company reported better-than-expected Q1 financial results and issued Q2 guidance above estimates.

<h3>Gainers</h3>
<ul>
<li>Pros Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRO#NYSE">PRO</a>) shares moved upwards by 15.1% to $22.3 during Wednesday's pre-market session. The market value of their outstanding shares is at $1.0 billion. As per the press release, Q3 earnings came out yesterday. </li>
<li>Extreme Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXTR#NASDAQ">EXTR</a>) shares moved upwards by 13.92% to $16.2. The company's market cap stands at $2.1 billion. As per the press release, Q1 earnings came out today. </li>
<li>Unisys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UIS#NYSE">UIS</a>) stock moved upwards by 11.33% to $5.99. The market value of their outstanding shares is at $414.6 million. As per the press release, Q3 earnings came out yesterday. </li>
<li>CCSC Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCTG#NASDAQ">CCTG</a>) shares moved upwards by 8.48% to $2.91. The company's market cap stands at $33.6 million. </li>
<li>Oblong (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OBLG#NASDAQ">OBLG</a>) shares moved upwards by 8.45% to $3.72. The company's market cap stands at $3.9 million. </li>
<li>Saiheat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIH#NASDAQ">SAIH</a>) shares increased by 8.33% to $1.17. The company's market cap stands at $28.8 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Qorvo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>) shares decreased by 20.4% to $79.98 during Wednesday's pre-market session. The company's market cap stands at $7.5 billion. As per the news, the Q2 earnings report came out yesterday. </li>
<li>Firefly Neuroscience (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIFF#NASDAQ">AIFF</a>) stock declined by 9.23% to $3.15. The market value of their outstanding shares is at $23.1 million. </li>
<li>BIO-key Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKYI#NASDAQ">BKYI</a>) shares declined by 9.01% to $1.11. The company's market cap stands at $3.3 million. </li>
<li>Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) stock fell 8.47% to $152.18. The market value of their outstanding shares is at $246.2 billion. As per the press release, Q3 earnings came out yesterday. </li>
<li>Focus Universal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCUV#NASDAQ">FCUV</a>) stock declined by 7.64% to $0.24. The market value of their outstanding shares is at $16.6 million. </li>
<li>Phunware (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHUN#NASDAQ">PHUN</a>) shares declined by 6.8% to $8.09. The market value of their outstanding shares is at $91.7 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Wednesday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Pros Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRO#NYSE">PRO</a>) stock moved upwards by 15.1% to $22.3 during Wednesday's pre-market session. The market value of their outstanding shares is at $1.0 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Unisys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UIS#NYSE">UIS</a>) stock moved upwards by 11.33% to $5.99. The market value of their outstanding shares is at $414.6 million. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Extreme Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXTR#NASDAQ">EXTR</a>) stock rose 11.32% to $15.83. The market value of their outstanding shares is at $2.0 billion. The company's, Q1 earnings came out today. </li>
<li>CCSC Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCTG#NASDAQ">CCTG</a>) stock rose 8.48% to $2.91. The market value of their outstanding shares is at $33.6 million. </li>
<li>Oblong (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OBLG#NASDAQ">OBLG</a>) shares rose 8.45% to $3.72. The market value of their outstanding shares is at $3.9 million. </li>
<li>Saiheat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIH#NASDAQ">SAIH</a>) shares rose 8.33% to $1.17. The market value of their outstanding shares is at $28.8 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Qorvo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>) stock decreased by 20.4% to $79.95 during Wednesday's pre-market session. The company's market cap stands at $7.5 billion. The company's, Q2 earnings came out yesterday. </li>
<li>Firefly Neuroscience (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIFF#NASDAQ">AIFF</a>) shares decreased by 9.23% to $3.15. The company's market cap stands at $23.1 million. </li>
<li>Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) shares decreased by 8.44% to $152.23. The market value of their outstanding shares is at $246.3 billion. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Focus Universal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCUV#NASDAQ">FCUV</a>) stock decreased by 7.64% to $0.24. The market value of their outstanding shares is at $16.6 million. </li>
<li>Skyworks Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>) shares declined by 6.92% to $91.25. The company's market cap stands at $14.5 billion. </li>
<li>Phunware (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHUN#NASDAQ">PHUN</a>) shares fell 6.8% to $8.09. The company's market cap stands at $91.7 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

SWKS

Business Outlook:
Extreme's business outlook is based on current expectations. The following statements are forward-looking, and actual results could differ materially based on various factors, including market conditions and the factors set forth under "Forward-Looking Statements" below.
For its second quarter of fiscal 2025, ending December 31, 2024, the Company is targeting:
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">(in millions, except percentages and per share information)</td>
<td colspan="3" rowspan="1">Low-End</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="3" rowspan="1">High-End</td>
</tr>
<tr>
<td colspan="1" rowspan="1">FQ2'25 Guidance – GAAP</td>
<td colspan="2" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Total net revenue</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">273.0</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">283.0</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Gross margin</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">62.2</td>
<td colspan="1" rowspan="1">%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">63.2</td>
<td colspan="1" rowspan="1">%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Operating margin</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">(1.1</td>
<td colspan="1" rowspan="1">)%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">1.4</td>
<td colspan="1" rowspan="1">%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Earnings (Loss) per share</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">(0.07</td>
<td colspan="1" rowspan="1">)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">(0.01</td>
<td colspan="1" rowspan="1">)</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Shares outstanding used in calculating GAAP EPS</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">132.3</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">132.3</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">FQ2'25 Guidance – Non-GAAP</td>
<td colspan="2" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Total net revenue</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">273.0</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">283.0</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Gross margin</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">63.0</td>
<td colspan="1" rowspan="1">%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">64.0</td>
<td colspan="1" rowspan="1">%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Operating margin</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">11.3</td>
<td colspan="1" rowspan="1">%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">13.4</td>
<td colspan="1" rowspan="1">%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Earnings per share</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">0.16</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">0.20</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Diluted Shares outstanding used in calculating non-GAAP EPS</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">133.1</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">133.1</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
</tbody>
</table>
</figure>
The following table shows the GAAP to non-GAAP reconciliation for Q2 FY'25 guidance:
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="5" rowspan="1">FQ2'25</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Gross Margin</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Operating Margin</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Earnings (Loss) per Share</td>
</tr>
<tr>
<td colspan="1" rowspan="1">GAAP</td>
<td colspan="1" rowspan="1">62.2% - 63.2%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">(1.1%) - 1.4%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">($0.07) - ($0.01)</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Estimated adjustments for:</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Share-based compensation</td>
<td colspan="1" rowspan="1">0.6%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">7.9% - 8.3%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">0.17</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Amortization of product intangibles</td>
<td colspan="1" rowspan="1">0.2%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">0.2%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">0.01</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Amortization of non-product intangibles</td>
<td colspan="1" rowspan="1">—</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">0.2%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">—</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Restructuring and related charges</td>
<td colspan="1" rowspan="1">—</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">0.2%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">0.01</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Litigation charges</td>
<td colspan="1" rowspan="1">—</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">1.1%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">0.02</td>
</tr>
<tr>
<td colspan="1" rowspan="1">System transition cost</td>
<td colspan="1" rowspan="1">—</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2.4%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">0.05</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Tax adjustment</td>
<td colspan="1" rowspan="1">—</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">—</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">(0.05) - (0.03)</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Non-GAAP</td>
<td colspan="1" rowspan="1">63.0% - 64.0%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">11.3% - 13.4%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$0.16-$0.20</td>
</tr>
</tbody>
</table>
</figure>
The total of percentage rate changes may not equal the total change in all cases due to rounding.
For the full year fiscal 2025, ending June 30, 2025, the Company is targeting (in millions):
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">Low-End</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">High-End</td>
</tr>
<tr>
<td colspan="1" rowspan="1">FY'25 Guidance</td>
<td colspan="2" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Total net revenue</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">1,117.0</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">1,137.0</td>
</tr>
</tbody>
</table>
</figure>
 &nbsp;

Guidance

Extreme Networks Expects Q2 Revenue Of $273M-$283M Vs $260.55M Est, Adj EPS Of $0.16-$0.20 Vs $0.12 Est, FY25 Revenue Of $1.117B-$1.137B Vs $1.12B Est

Earnings

Earnings Beats

Extreme Networks Q1 2025 Adj. EPS $0.17 Beats $0.12 Estimate, Sales $269.204M Beat $260.547M Estimate

<h3>Gainers</h3>
<ul>
<li>Aehr Test System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHR#NASDAQ">AEHR</a>) stock rose 10.1% to $14.66 during Thursday's after-market session. The company's market cap stands at $433.3 million. The company's, Q1 earnings came out today. </li>
<li>Cemtrex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) stock rose 7.67% to $0.51. </li>
<li>OneConnect Financial Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OCFT#NYSE">OCFT</a>) stock rose 7.38% to $2.91. The market value of their outstanding shares is at $113.4 million. </li>
<li>Porch Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRCH#NASDAQ">PRCH</a>) stock increased by 5.38% to $1.37. The company's market cap stands at $137.6 million. </li>
<li>Focus Universal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCUV#NASDAQ">FCUV</a>) shares rose 5.09% to $0.24. The company's market cap stands at $16.2 million. </li>
<li>Comtech Telecom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMTL#NASDAQ">CMTL</a>) stock moved upwards by 4.82% to $4.56. The company's market cap stands at $129.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Klaviyo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KVYO#NYSE">KVYO</a>) shares fell 5.8% to $34.39 during Thursday's after-market session. The company's market cap stands at $9.1 billion. </li>
<li>MicroAlgo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLGO#NASDAQ">MLGO</a>) stock decreased by 5.29% to $0.35. The company's market cap stands at $2.7 million. </li>
<li>Extreme Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXTR#NASDAQ">EXTR</a>) shares decreased by 5.12% to $14.57. The company's market cap stands at $1.9 billion. </li>
<li>Zapata Computing Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZPTA#NASDAQ">ZPTA</a>) shares decreased by 4.58% to $0.23. The market value of their outstanding shares is at $8.9 million. </li>
<li>AEye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIDR#NASDAQ">LIDR</a>) shares declined by 3.91% to $1.23. The company's market cap stands at $10.9 million. </li>
<li>Signing Day Sports (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SGN#AMEX">SGN</a>) shares declined by 3.53% to $0.24. The company's market cap stands at $4.3 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Thursday's After-Market Session

U.S. stock futures were slightly lower this morning, with the Dow futures falling around 0.1% on Tuesday.
Shares of Rubrik, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBRK#NYSE">RBRK</a>) fell sharply in today's pre-market trading after <a href="https://www.benzinga.com/news/earnings/24/09/40782172/rubrik-shares-dip-after-q2-results-earnings-beat-revenues-beat-guidance-above-estimates">reporting second-quarter results.</a>
Rubrik reported quarterly losses of 40 cents per share which beat the analyst consensus estimate of losses of 49 cents. Quarterly sales came in at $204.951 million, which beat the analyst consensus estimate of $196.209 million by 4.46%.
Rubrik shares dipped 8.1% to $29.45 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Ionis Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IONS#NASDAQ">IONS</a>) declined 7% to $ 44.98 in pre-market trading. Ionis priced its $500.3 million public offering of 11.5 million common shares at $43.50/share.</li>
<li>Applied Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) shares dipped 6.2% to $6.17 in pre-market trading after jumping 45% on Monday.</li>
<li>VNET Group Inc – ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNET#NASDAQ">VNET</a>) shares fell 5.4% to $2.63 in pre-market trading.</li>
<li>Hewlett Packard Enterprise Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) shares fell 5.2% to $16.69 in pre-market trading. The company announced it has commenced a public offering of $1.35 billion (27 million shares) of Series C mandatory convertible preferred stock.</li>
<li>Extreme Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXTR#NASDAQ">EXTR</a>) shares fell 4.6% to $13.00 in pre-market trading.</li>
<li>PureTech Health plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTC#NASDAQ">PRTC</a>) shares fell 3.5% to $19.99 in pre-market trading after gaining 6% on Monday.</li>
<li>Dropbox Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBX#NASDAQ">DBX</a>) shares slipped 2.7% to $22.51 in pre-market trading.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/09/40785832/dave-busters-gears-up-for-q2-print-here-are-the-recent-forecast-changes-from-wall-streets-most-accu">Dave &amp; Buster&#8217;s Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a></li>
</ul>

Pre-Market Outlook

Markets

APLD

IONS

PRTC

RBRK

VNET

Rubrik Reports Q2 Results, Joins Ionis Pharmaceuticals, Hewlett Packard Enterprise And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

Extreme Networks Says 27 NFL Teams Are Leveraging Solutions Such As Wi-Fi 6E And ExtremeCloud Business Insights For Venues

Craig-Hallum analyst Christian Schwab maintains Extreme Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXTR#NASDAQ">EXTR</a>) with a Buy and raises the price target from $14 to $17.

Craig-Hallum Maintains Buy on Extreme Networks, Raises Price Target to $17

Needham analyst Alex Henderson reiterates Extreme Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXTR#NASDAQ">EXTR</a>) with a Buy and maintains $16.5 price target.

Reiteration

Needham Reiterates Buy on Extreme Networks, Maintains $16.5 Price Target

General

Extreme Networks shares are trading higher after the company reported better-than-expected Q4 sales results.

Extreme Networks Non-GAAP EPS of $0.17 beats by $0.04, revenue of $269.2M beats by $7.89M

Extreme Networks, Inc. 2025 Q1 - Results - Earnings Call Presentation

Extreme Networks, Inc. (EXTR) Q1 2025 Earnings Call Transcript

Needham analyst Ryan Koontz has maintained their bullish stance on EXTR stock, giving a Buy rating yesterday. Ryan Koontz has given his Buy rating ...

Buy Rating for Extreme Networks: Strong Financial Performance and Strategic Growth Potential

Catalyst Watch: Alibaba earnings, Disney drama, CPI print, 13F filings and more election scrambling

Walt Disney, Cisco, And Shopify Headline Latest Earnings Week

Cisco upgraded to Overweight on networking recovery: JP Morgan

Extreme Networks (EXTR) CEO Edward Meyercord disclosed the sale of 35,725 shares of company stock at $17.21 per share on December 2, for a total tr...

Extreme Networks CEO Meyercord sells $615K in company shares

Virtual Meeting to be held with CFO Rhodes on December 17 hosted by Craig-Hallum. Published first on TheFly – the ultimate source for real-time, ma...

Extreme Networks management to meet virtually with Craig-Hallum

In a report released today, Christian Schwab from Craig-Hallum maintained a Buy rating on Extreme Networks (EXTR – Research Report). The company's ...

Craig-Hallum Sticks to Their Buy Rating for Extreme Networks (EXTR)

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Press Releases

Extreme Networks, Inc. Sued for Securities Law Violations - Contact Levi & Korsinsky Before October 15, 2024 to Discuss Your Rights - EXTR

Final EXTR Deadline Reminder: October 15, 2024 Filing Deadline in Securities Class Action - Contact Kessler Topaz Meltzer & Check, LLP

FINAL DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Extreme Networks

Legal

DEADLINE ALERT for EXTR, PDD, CXM, and SYM: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders

Small Cap

EXTR Investors Have Opportunity to Lead Extreme Networks, Inc. Securities Fraud Lawsuit with the Schall Law Firm

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