Shares of Extreme Networks (EXTR) are soaring 17.71% in intraday trading on Wednesday following the release of the company's fourth-quarter financial results for fiscal year 2025. The network infrastructure equipment provider posted better-than-expected revenue and earnings, driving investor optimism.
Extreme Networks reported Q4 revenue of $307 million, up 20% year-over-year and surpassing analyst estimates of $299.9 million. The company's adjusted earnings per share (EPS) came in at $0.25, beating the consensus estimate of $0.23. This strong performance was underpinned by a 24% year-over-year increase in SaaS Annual Recurring Revenue (ARR), indicating robust growth in the company's subscription model.
Adding to the positive sentiment, Extreme Networks provided an optimistic outlook for the upcoming quarters. The company expects Q1 FY26 revenue between $292 million and $300 million, with adjusted EPS ranging from $0.20 to $0.23. For the full fiscal year 2026, Extreme Networks anticipates revenue between $1,228 million and $1,238 million, suggesting continued growth momentum. The launch of Extreme Platform ONE, an AI-driven networking platform, is reportedly driving customer interest and market momentum, further boosting investor confidence in the company's future prospects.
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