Extreme Networks stock slumps ~20% amid CFO resignation, despite Q2 beat, raised outlook

Extreme Networks headquarters in Silicon Valley

Sundry Photography/iStock Editorial via Getty Images

Extreme Networks (NASDAQ:EXTR) stock fell ~20% on Wednesday while FQ2 results beat estimates and the company announced the resignation of CFO Rémi Thomas.

Non-GAAP EPS grew +28.6% Y/Y to $0.27, while total net revenue increased +13.3% Y/Y to ~$318.35M. Both figures surpassed analysts expectations

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