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Extreme Networks (EXTR)
NASDAQ:EXTR
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Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
$0.18Last Year’s EPS
$0.24Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 24.75%
|Next Earnings Date:Jan 29, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a positive outlook with strong sequential growth in revenue and SaaS ARR, new innovations, and successful implementation of a new commercial model. However, challenges in the EMEA region due to project delays in government spending slightly tempered the overall sentiment.Company Guidance
During the Extreme Networks Q1 2025 earnings call, the company provided guidance indicating anticipated sequential growth in Q2, driven by a robust funnel of opportunities and market share gains. The revenue for Q2 is expected to be between $273 million and $283 million, with a gross margin ranging from 63% to 64% and an operating margin between 11.3% and 13.4%. Earnings per share are projected to be in the range of $0.16 to $0.20, with a fully diluted share count of around 133 million shares. For the full fiscal year 2025, revenue is forecasted to be between $1,117 million and $1,137 million. These projections reflect continued recovery in product sales, a strong foundation of subscription and support contracts, and improving customer demand trends.SaaS ARR Growth
SaaS ARR grew 23% year-over-year, highlighting the value and stickiness of Extreme Networks' cloud offering.
Strong Revenue Performance
First quarter revenue of $269.2 million grew 5% sequentially, driven by product sales and subscription contracts.
Wi-Fi 7 Innovation
Extreme Networks is the first and only player shipping enterprise-grade Wi-Fi 7 access points, providing lower latency and enhanced capacity.
New Commercial Model Success
The new subscription private offer closed its first transaction this quarter, including a major European retailer and a Fortune 100 company.
Improved Gross Margin
Gross margin improved to 63.7%, up 20 basis points sequentially.
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EXTR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EXTR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $14.22 | $15.92 | +11.95% |
| Aug 07, 2024 | $12.95 | $12.65 | -2.32% |
| May 01, 2024 | $11.20 | $11.45 | +2.23% |
| Jan 31, 2024 | $16.64 | $13.51 | -18.81% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Extreme Networks (EXTR) report earnings?
Extreme Networks (EXTR) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is Extreme Networks (EXTR) earnings time?
Extreme Networks (EXTR) earnings time is at Jan 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EXTR EPS forecast?
EXTR EPS forecast for the fiscal quarter 2025 (Q2) is $0.18.
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