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.
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
Ownership (Institutional/ Fund Holdings)
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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
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.