Extreme Networks (EXTR) Shares are Up 11.02%

Extreme Networks (EXTR) : Traders are bullish on Extreme Networks (EXTR) as it has outperformed the S&P 500 by a wide margin of 10.7% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 10.44%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 11.02% in the last 1 week, and is up 8.46% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 7.58% and the 50-Day Moving Average is 9.45%.The 200 Day SMA reached 20.66% Extreme Networks Inc. is up 20.17% in the last 3-month period. Year-to-Date the stock performance stands at 3.68%.


Extreme Networks (EXTR) : 5 investment research analysts covering Extreme Networks (EXTR) have an average price target of $5.16 for the near short term. The highest target price given by the Brokerage Firm to the stock is $7 and the lowest target is $4 for the short term. Analysts expect the variance to be within $1.07 of the average price.

For the current week, the company shares have a recommendation consensus of Buy. Extreme Networks (NASDAQ:EXTR): stock was range-bound between the intraday low of $4.125 and the intraday high of $4.4 after having opened at $4.37 on Fridays session. The stock finally closed in the red at $4.37, a loss of -3.20%. The stock remained in the red for the whole trading day. The total traded volume was 932,207 shares. The stock failed to cross $4.4 in Fridays trading. The stocks closing price on Thursday was $4.23.

Extreme Networks, Inc., together with its subsidiaries, is a provider of wired and wireless network infrastructure equipment, software and services for enterprises, data centers and service providers. The Company sells its products through an ecosystem of the Company channel partners who combine its Ethernet products with their offerings to create information technology solutions for end user customers. Its product categories include modular Ethernet switching systems, stackable Ethernet switching systems, high-density wireless fidelity (WiFi), centralized management software, network access control (NAC) and bring your own device (BYOD) management, application analytics and software-defined networking (SDN). The Companys customers include businesses, hospitals, hotels, universities, sports venues, telecommunications companies and government agencies around the world.

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