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Extreme Networks Inc Issues Q1 2014 Guidance; Revenue Guidance Above Analysts' Estimates


Tuesday, 30 Jul 2013 04:01pm EDT 

Extreme Networks Inc announced that for first quarter of 2014, it expects revenues in a range of $72 million to $77 million. GAAP net income is targeted at breakeven to $4.0 million, or $0.00 to $0.04 per diluted share. Non-GAAP net income is targeted in a range of $2.0 million to $6.0 million, or $0.02 to $0.06 per diluted share. The GAAP and non-GAAP net income targets are based on an estimated 95 million diluted weighted average shares. Targeted non-GAAP earnings exclude expenses related to stock-based compensation expense of approximately $1.7 million and restructuring charges of approximately $0.3 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $71 million, net income of $4.4 million and EPS of $0.05 for first quarter of 2014. 

Company Quote

3.16
0.01 +0.32%
31 Mar 2015