Why Extreme Networks Stock Popped Today

Shares of Extreme Networks (NASDAQ: EXTR) climbed 10.6% on Wednesday after the networking company announced stronger-than-expected quarterly results.

For its fiscal fourth-quarter 2019 (ended June 30), Extreme Networks' quarterly revenue declined 9% year over year to $252.4 million, translating to adjusted net income of $7.6 million, or $0.06 per share. Analysts on average were only looking for adjusted earnings of $0.04 per share on revenue closer to $245 million.

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