- In addition to missing FQ2 estimates, Extreme Networks (NASDAQ:EXTR -15.1%) has guided for FQ3 revenue of $140M-$155M and EPS of $0.01-$0.06, largely below a consensus of $153.9M.
- Extreme also says it aims to have a ~10% op. margin by the end of FY15 (ends June '15). The company posted an ``% op. margin in seasonally strong FQ2.
- FQ3 represents the first quarter during which recently-acquired Ethernet switch/Wi-Fi access point vendor Enterasys will be on the books from start to finish (the acquisition closed at the end of October).
- Extreme is contending with the challenges of integrating Enterasys, whose product line has a decent amount of overlap with that of Extreme proper, as well as a hotly competitive Ethernet switch market whose contestants include Cisco, H-P, Huawei, and Dell.
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FQ2 results, PR