Stock Value Plunges 26% After Extreme Networks Fumbles Acquisition
On May 9, 2018, Extreme Networks (NasdaqGS: EXTR), a San Jose, California based networking company, saw a 26% drop in its stock after it released 3Q’18 earnings (for period ending March 31, 2018) the previous evening. In the earnings release, there was a 23.81% downward earnings adjustment. This included a $1MM surprise revenue adjustment tied…
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