Stock Track | Extreme Networks Soars 11.16% in Pre-market on Strong Q2 Earnings Beat

Stock Track01-28

Extreme Networks' stock surged 11.16% during pre-market trading following the release of its second-quarter financial results that exceeded analyst expectations across key metrics.

The networking company reported adjusted earnings per share of $0.26, beating the consensus estimate of $0.24 and representing a 23.81% increase from the same period last year. Revenue came in at $317.9 million, surpassing expectations of $312.3 million and showing 13.81% year-over-year growth.

Further strengthening investor confidence were the company's margin performances, with adjusted gross margin reaching 62% and adjusted operating margin at 15%. These results demonstrate the company's operational efficiency and profitability improvements.

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