Stock Track | Extreme Networks Soars 10% in Pre-Market After Q1 Earnings Beat

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Shares of Extreme Networks (EXTR) surged over 10% in pre-market trading on Tuesday after the computer networking company reported better-than-expected results for the first quarter of fiscal 2025.

For the quarter ended September 30, Extreme Networks posted adjusted earnings per share of $0.17, easily beating Wall Street's estimate of $0.12 EPS. Revenue came in at $269.2 million, topping the consensus forecast of $260.5 million.

The strong quarterly performance was driven by solid demand for the company's networking infrastructure solutions. Looking ahead, Extreme Networks provided an upbeat outlook, projecting fiscal Q2 adjusted EPS of $0.16 to $0.20 on revenue ranging from $273 million to $283 million.

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