On Monday, Extreme Networks got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96.
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The new score means the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria.
Extreme Networks is currently forming a cup with handle, with a 17.04 buy point. Look for the stock to break out in heavy trade at least 40% higher than normal.
The stock earns an 83 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 83% 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% earnings-per-share growth. Top line growth increased 35%, up from -6% in the prior quarter. That marks four consecutive reports with increasing revenue gains.
Extreme Networks earns the No. 1 rank among its peers in the Computer-Networking industry group. Radware and Cisco Systems 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.
