Extreme Networks (EXTR) Is Up 2.86% in One Week: What You Should Know

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, capitalizing on established price movements [1][2]. Company Overview: Extreme Networks (EXTR) - Extreme Networks currently holds a Momentum Style Score of B, indicating a favorable momentum outlook [3]. - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [4]. Performance Metrics - Over the past week, EXTR shares increased by 2.86%, outperforming the Zacks Computer - Networking industry, which rose by 1.12% [6]. - In a longer timeframe, EXTR shares have appreciated by 25.13% over the past quarter and 48.5% over the last year, significantly surpassing the S&P 500's gains of 10.66% and 18.43%, respectively [7]. - The average 20-day trading volume for EXTR is 1,287,783 shares, indicating a bullish trend when combined with rising stock prices [8]. Earnings Outlook - In the last two months, one earnings estimate for EXTR has increased, while none have decreased, leading to a consensus estimate rise from $1.00 to $1.02 [10]. - For the next fiscal year, one estimate has also moved upwards, with no downward revisions noted [10]. Conclusion - Given the positive performance metrics and earnings outlook, EXTR is positioned as a strong momentum pick, meriting attention from investors seeking short-term opportunities [12].