Extreme Networks saw its IBD SmartSelect Composite Rating jump to 96 Monday, up from 94 the day before.
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The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The best stocks tend to have a 95 or better grade as they launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Extreme Networks is now out of buy range after clearing the 18.81 entry in a cup with handle.
The stock has a 93 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 93% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q4, the company reported 0% earnings growth. Sales growth fell to 20%, down from 35% in the previous quarter.
Extreme Networks holds the No. 3 rank among its peers in the Computer-Networking industry group. Arista Networks is the No. 1-ranked stock within the group.
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