For its second quarter of fiscal 2014 the networking company posted earnings of 14 cents a share. Capital IQ Consensus Estimate called for earnings of 15 cents a share in the quarter. Revenue rose 96.2% year-over-year to 148.3 million for Extreme Networks, but still fell short of the consensus estimate of $151.64 million.
For the fiscal third quarter the company expects earnings of between 1 cent and 6 cents a share. That's lower than the consensus estimate of 8 cents a share. Extreme Networks expects revenue between $140 million and $155 million for the third quarter, compared to analyst estimates of $152.6 million.
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:
"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 solid stock price performance, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow."