Extreme Networks (EXTR) -14.6% AH after warning it expects FQ3 (ended April 1) revenue of...

|About: Extreme Networks, Inc. (EXTR)|By:, SA News Editor

Extreme Networks (EXTR) -14.6% AH after warning it expects FQ3 (ended April 1) revenue of $73M-$73.5M and EPS of $0.04, below a consensus of $82.4M and $0.07. Extreme, which has struggled to compete with Cisco, Juniper, Brocade, and other networking vendors, blames its shortfall on sales execution (Polycom used the same excuse), lower sales to wireless service providers, and macro issues.