Extreme Networks Inc (NASDAQ: EXTR) stock enjoyed a major increase of 10.5% on 5/16/24. The shares closed at $11.98. Moreover, exceptionally high trading volume at 220% of normal accompanied the advance. The stock has been extremely weak relative to the market over the last nine months but has risen 10.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, EXTR is expected to continue to be a major Value Builder.
Extreme Networks has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Extreme Networks has a neutral Appreciation Score of 57 but a very low Power Rating of 0, triggering the Lowest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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