Extreme Networks (EXTR) has risen sharply, recording gains of 0.52% in the past 4 weeks. However, the stock has corrected -2.26% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.13% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Extreme Networks Inc. is up 11.11% in the last 3-month period. Year-to-Date the stock performance stands at -4.41%. The stock has recorded a 20-day Moving Average of 0.88% and the 50-Day Moving Average is 5.87%.
Extreme Networks (NASDAQ:EXTR): The stock opened at $3.93 on Friday but the bulls could not build on the opening and the stock topped out at $3.97 for the day. The stock traded down to $3.89 during the day, due to lack of any buying support eventually closed down at $3.90 with a loss of -1.02% for the day. The stock had closed at $3.94 on the previous day. The total traded volume was 426,742 shares.
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.