Dallas, Texas 02/13/2014 (FINANCIALSTRENDS) – One of the most famous network equipment firms that Extreme Networks Inc.’s (NASDAQ:EXTR) got a sudden surprise when its shares took a immediate dip and there was a total of 16 percent dip in the share price that was reported. For last one year the shares of the company has soared pretty well and the main reason was better than expected growth but the Q2 results adjusted the EPS to $0.14 and the revenue came out to be $148.3 million as against the consensus of $0.13 and $151.6 million.
Another main reason in the sudden dip is seen as its downbeat guidance. Though the company is able to maintain a top line of 98% year over year but research suggests that the company is not growing fast enough that justifies its massive increase in the 2013. During the last trading session the shares closed at around $5.47 and the 52 week high of the company is $8.14 and its 52 week low is 2.99. The current market capitalization of EXTR is $524.39 million.
An overview of the Company
The main aim of the Extreme Networks Inc.’s (NASDAQ:EXTR) is to set new standards in customer experience by offering highly superior services by delivering networks that are innovative and perform best in class. The company also provides complete support in this regard and also delivers high performance routing and switching products for core to edge and various data networks.
The company also provides wired, wireless LAN access as well as unified network management and control. Company has also managed to create award winning solutions such as software defined networking SDN and cloud with high density Wi-Fi services. Extreme Networks Inc. also provides BYOD, enterprise mobility, security and identity access management services. The company has its headquarters in San Jose CA and it offers its services to 12,000 different customers across 80 countries.