Extreme Networks (NASDAQ:EXTR) has been under a strong bear grip, hence the stock is down -1.03% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.31% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.61% in the last 1 week, and is up 0.57% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 51.93% from its 1 Year high price. On Dec 3, 2015, the shares registered one year high at $4.55 and the one year low was seen on Jul 27, 2015. The 50-Day Moving Average price is $3.55 and the 200 Day Moving Average price is recorded at $3.30.
The stock has recorded a 20-day Moving Average of 2.59% and the 50-Day Moving Average is 0.83%.
Extreme Networks (NASDAQ:EXTR): stock turned positive on Friday. Though the stock opened at $3.41, the bulls momentum made the stock top out at $3.54 level for the day. The stock recorded a low of $3.37 and closed the trading day at $3.54, in the green by 5.04%. The total traded volume for the day was 606,737. The stock had closed at $3.37 in the previous days trading.
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.