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Extreme Networks (EXTR) Jumps: Stock Rises 9.6%


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Extreme Networks, Inc. EXTR was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company for the company-as the stock is now up 18.4% in the past one-month time frame.

The company has seen a mixed track record when it comes to estimate revisions of no increase or decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter hasn’t been in the trend either. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future. Extreme Networks currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

A better-ranked stock in the Computer – Networking industry is Cisco Systems, Inc. CSCO , which currently carries a Zacks Rank #2 (Buy). You can see  the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here .

Is EXTR going up? Or down? Predict to see what others think: Up or Down .

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it’s predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce “”the world’s first trillionaires,”” but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks’ 3 Best Stocks to Play This Trend >>

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Cisco Systems, Inc. (CSCO): Free Stock Analysis Report

Extreme Networks, Inc. (EXTR): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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