Extreme Networks saw an improvement in its IBD SmartSelect Composite Rating Tuesday, from 94 to 96.
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The upgrade means the stock is now outperforming 96% of all other stocks in terms of key performance metrics and technical strength.
Extreme Networks broke out earlier, but is now trading right around the prior 16.06 entry from a consolidation. If a stock you're tracking clears a buy point then falls 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new base and buy point.
The stock has an 82 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 82% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q3, the company posted 0% EPS growth. Top line growth climbed 35%, up from -6% in the prior report. The company has now posted accelerating growth in each of the last four quarters.
Extreme Networks holds the No. 1 rank among its peers in the Computer-Networking industry group. Arista Networks and Radware are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
