Extreme Networks sees FY24 EPS 51c-55c, consensus 56c

Sees FY24 revenue $1.11B-$1.12B consensus $1.13B. “Consistent with our expectations, channel inventory was significantly reduced during the quarter. Heading into the fourth quarter, we expect sequential growth in revenue, but note that the networking industry is still impacted by customers working through their prior purchases. Our expanded go to market opportunities around the integration of networking, security, and AI, give us confidence that we are positioned for a return to growth in FY25,” concluded Meyercord.