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NEW YORK (TheStreet) -- Extreme Networks (EXTR) - Get Extreme Networks, Inc. Report was falling 6.2% to $5.02 after-hours Thursday despite beating analysts’ expectations for the fiscal fourth quarter.

The company reported earnings of 9 cents a share for the fourth quarter, 2 cents above the Capital IQ Consensus Estimate of 7 cents a share. Revenue grew 97.4% from the year-ago quarter to $156.97 million, beating analysts’ estimates of $154.52 million.

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TheStreet Ratings team rates EXTREME NETWORKS INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:

TheStreet Recommends

"We rate EXTREME NETWORKS INC (EXTR) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow."

EXTR data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.