EXTREME NETWORKS Reports Fourth Quarter Fiscal 2023 Earnings Results on August 2 2023

August 28, 2023

🌥️Earnings Overview

On August 2 2023, EXTREME NETWORKS ($NASDAQ:EXTR) reported its Q4 FY2023 (ending June 30 2023) financial results with total revenue of USD 363.9 million, a 30.8% year-over-year increase. Net income was reported at USD 25.4 million, compared to the USD 5.4 million from the same quarter last year.

Stock Price

On August 2 2023, EXTREME NETWORKS reported its fourth-quarter fiscal 2023 earnings results. The company’s stock opened at $28.0 on Wednesday and closed at $30.2, representing an 8.5% increase from the prior closing price of 27.8. The stock rose on news of EXTREME NETWORKS’ strong performance this quarter. The strong results and revenue growth are due in part to the company’s focus on providing advanced networking solutions for enterprise customers.

The company has been able to generate significant free cash flow due to its cost-cutting measures and increased efficiency in operations. Overall, EXTREME NETWORKS’ strong financial performance this quarter demonstrates its ability to create value through its innovative products and services. The company will continue to focus on delivering customer value and expanding its market share in the enterprise networking space. 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

    At GoodWhale, we analyze the financials of companies like EXTREME NETWORKS and provide investors with an overview of the company’s financial and business risks. According to our internal Risk Rating system, EXTREME NETWORKS is a high risk investment. We have detected one risk warning in the company’s income sheet. Don’t take any chances and be informed about your potential investments. Register on goodwhale.com to find out more about EXTREME NETWORKS and to check out this risk warning. 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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    Investors in Extreme Networks saw positive returns on August 2, 2023 when the company reported its earnings for the fourth quarter of fiscal 2023. Net income also increased significantly, from USD 5.4 million to USD 25.4 million. These strong results drove the stock price up, signaling the market’s approval of the company’s performance. Going forward, investors may want to keep an eye on Extreme Network’s financial fundamentals and its ability to meet customer needs as they consider potential investments.

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