Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Extreme Networks Inc (NASDAQ: EXTR) rose significantly during the last several trading days. EXTR’s current Value Trend Rating is C and the prior Rating was F. Details supporting this higher rating are included in our next report.
Recent Price Action
Extreme Networks Inc (NASDAQ: EXTR) stock rose modestly by 0.5% on 8/9/24. The stock closed at $13.48. However, this advance was accompanied by unusually low trading volume at 57% of normal. The stock has been extremely weak relative to the market over the last nine months and is unchanged 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 C (Neutral). This VT Rating rose significantly in recent days from F previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Extreme Networks has a good Appreciation Score of 85 but a very low Power Rating of 12, producing the Neutral Value Trend Rating.
Be the first to comment