On Wednesday, Shares of Extreme Networks Inc (NASDAQ: EXTR) showed the bearish trend with a lower momentum of -0.48% and ended its trading session at $8.37. The company traded total volume of 1.29M shares as contrast to its average volume of 2.37M shares. The company has a market value of $954.10M and about 113.99M shares outstanding. During the 52-week trading session, the minimum price at which share price traded was registered at $7.63 and reached the max level of $15.55.
Extreme Networks Inc. (EXTR) stated a loss of $13.60M in its fiscal third quarter. The San Jose, California-based company said it had a loss of 12 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and stock option expense, were 16 cents per share.
The maker of network infrastructure equipment posted revenue of $262.0M in the period. For the current quarter ending in June, Extreme Networks anticipates its per-share earnings to range from 16 cents to 23 cents.
The company said it anticipates revenue in the range of $277.0M to $287.0M for the fiscal fourth quarter.
The Company offered net profit margin of -3.30% while its gross profit margin was 55.00%. ROE was recorded as -23.90% while beta factor was 1.53. The stock, as of recent close, has shown the weekly upbeat performance of 1.95% which was maintained at -33.15% in this year.