Extreme Networks (EXTR) stumbles on lower Q3 outlook

Extreme Networks Inc.

shares declined 24.1% to $2.46 after the company lowered its outlook for the third quarter. The company projected an adjusted loss of $0.09 to $0.07 per share, on revenue of $118 million to $120 million. The company had earlier expected a loss of $0.03 to $0.02 per share on revenue of $130 million to $140 million. Share volume was 1.3 million, compared to an all-day average of one million