Why Extreme Networks Stock Jumped 25.8% in June
Shares of Extreme Networks (NASDAQ: EXTR) rose 25.8% in July, according to data from S&P Global Market Intelligence. The stock climbed thanks to broader momentum and then saw more pronounced gains after publishing results at the end of the month.
Data source: YCharts.
Extreme Networks reported fourth-quarter earnings results on July 31, delivering results that came in ahead of the company's guidance and the average analyst estimates. The network hardware company reported non-GAAP (adjusted) earnings of $0.06 on sales of $252.4 million, topping the average analyst target for adjusted earnings of $0.04 per share on revenue of $244.79 million.
Source Fool.com
