Extreme Networks Intrinsic Value – EXTREME NETWORKS Reports Record Revenue and Net Income for FY2023 Q4

August 7, 2023

🌥️Earnings Overview

For the fourth quarter of fiscal 2023 ending June 30 2023, EXTREME NETWORKS ($NASDAQ:EXTR) reported total revenue of USD 363.9 million, a year-over-year increase of 30.8%, and net income of USD 25.4 million, a 368.5% surge compared to the same quarter of the previous year.

Share Price

On Wednesday, EXTREME NETWORKS reported their financial results for the fourth quarter of FY2023 and the full year. The company reported record revenue and net income in the fourth quarter and full year. Furthermore, their stock opened at $28.0 and closed at $30.2, a rise of 8.5% from the last closing price of $27.8. The company attributed its record-breaking performance to its strong product portfolio and customer base. It also noted that its cloud-based portfolio was well-positioned to capitalize on the growth of digital transformation projects.

EXTREME NETWORKS investors were thrilled with the news as their stock opened 8.5% higher than the previous day’s close. This is a testament to their confidence in the company’s ability to continue to deliver strong results. Investors reacted positively to the news and sent the stock soaring on Wednesday morning. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Extreme Networks. More…

    Total Revenues Net Income Net Margin
    1.31k 78.07 6.2%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Extreme Networks. More…

    Operations Investing Financing
    249.21 -13.8 -194.78
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Extreme Networks. More…

    Total Assets Total Liabilities Book Value Per Share
    1.14k 1.02k 0.91
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Extreme Networks are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    11.5% 17.8% 8.5%
    FCF Margin ROE ROA
    17.9% 63.4% 6.1%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis – Extreme Networks Intrinsic Value

    GoodWhale has conducted an assessment of EXTREME NETWORKS‘ fundamentals and have determined its intrinsic value to be around $13.9. This value was calculated using our proprietary Valuation Line, which takes into account various factors such as revenue growth, operating profits, and financial stability. Currently, EXTREME NETWORKS shares are being traded at $30.2, which is an overvaluation of 116.5%. This means that investors should be cautious when considering purchasing shares of this company as it appears to be overvalued relative to its intrinsic value. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    The company’s products are designed to meet the most demanding networking challenges. Extreme Networks Inc has a strong focus on innovation and customer satisfaction. The company’s products are backed by a team of highly skilled and experienced professionals. Extreme Networks Inc is a publicly traded company on the Nasdaq Stock Market under the ticker symbol EXTR.

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    DZS Inc is a communications equipment company with a market cap of 398.33M as of 2022. The company has a Return on Equity of -9.45%. DZS Inc provides broadband products and solutions to service providers, enterprises, and governments worldwide. The company’s products and solutions include access network products, core network products, and cloud and managed services.

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    EXTREME NETWORKS reported strong financial results for FY2023 Q4, with total revenue of USD 363.9 million and net income of USD 25.4 million – increases of 30.8% and 368.5%, respectively, compared to the same quarter of the previous year. This was reflected in the stock price, which rose on the same day. Investors may be encouraged by this performance and should consider these results when evaluating EXTREME NETWORKS as a potential investment. The company’s future prospects should be carefully evaluated before making any decisions to invest.

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