Extreme Networks, Inc. (EXTR) demonstrated strong performance in its fiscal third quarter ended March 31, 2023, with improving supply chain conditions and strengthening of its competitive position. The company clocked a 20% increase in bookings from new customers and sequential product bookings growth of 6%.
Moreover, both its revenue and EPS surpassed expectations. EXTR looks well-positioned to deliver similar performance in the upcoming quarters as it remains committed to top line growth and margin expansion. While the stock price has been volatile over the past few months, EXTR should deliver steady returns in the near term.
