Here's Why Extreme Networks Stock Sank to a New 52-Week Low Today
EXTRExtreme Networks(EXTR) The Motley Fool·2024-02-01 02:30

Shares of network infrastructure company Extreme Networks (EXTR -15.90%) sank on Wednesday after the company reported financial results for its fiscal second quarter of 2024 and issued guidance that disappointed the market. As of 12:50 p.m. ET, Extreme Networks stock was down 17% and had touched new 52-week lows earlier in the session. The current headwinds For Q2, Extreme Networks generated revenue of $296 million, which was down almost 7% year over year. When the company initially gave Q2 guidance in Nove ...