Needham & Company Upgrades Extreme Networks (EXTR) to Buy

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Extreme Networks Reports Second Quarter Fiscal Year 2016 Financial Results

January 28, 2016 7:01 AM EST

SAN JOSE, Calif., Jan. 28, 2016 /PRNewswire/ -- Extreme Networks, Inc. (Nasdaq: EXTR) today released financial results for its fiscal second quarter ended December 31, 2015.  Second quarter GAAP revenue was $139.3 million and non-GAAP revenue was $139.7 million.  GAAP net loss for the second fiscal quarter was $7.2 million, or $0.07 per basic share, and non-GAAP net income was $9.0 million, or $0.09 per diluted share.

"We delivered another quarter of strong results across all geographies reflecting the continued success of our go-to-market strategy," stated... More