Markets & Finance

USB Piper Keeps 'Outperform' on Extreme Networks

USB Piper keeps outperform on Extreme Networks (EXTR).

Analyst Ted Jackson sees continued sequential growth and profitability for the company

Analyst Ted Jackson says he's comfortable with his fourth quarer top and bottom-line estimates and sees $0.03 earnings per share on $113.1 million revenues. He believes managment's execution is exemplary from an operational perspective. Jackson raised his $0.06 2002 EPS estimate on $440.8 million revenues to $0.07 on $441.6 million revenues to fall in line with consensus forecasts.

He also raised his $0.19 2003 EPS estimate on $482.9 million revenues to $0.20 on $486.2 million revenues. He says his $12 target is based on 3.0 times his calendar 2002 revenue estimate of $459.5 million revenues.

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