Stock in Focus: Extreme Networks, Inc. (EXTR)

Company Profile:

Extreme Networks, Inc. provides software-driven networking solutions for enterprise, data center, and service provider customers worldwide. It designs, develops, and manufactures wired and wireless network infrastructure equipment; and develops the software for network management, policy, analytics, security, and access controls. The company serves enterprises and organizations in the education, healthcare, manufacturing, hospitality, transportation, and logistics sectors, as well as government agencies, private cloud data centers, universities, and stadiums; and enterprises and private cloud data centers. Extreme Networks, Inc. was founded in 1996 and is headquartered in San Jose, California.

Recent News:

For its fiscal first quarter ended September 30, 2019, the company reported revenue $255.5 million, up 7% year-over-year and up 1% quarter-over-quarter and Non-GAAP EPS $0.08, flat year-over-year and up $0.02 quarter-over-quarter.

On Oct. 23, 2019, the company announced that it has selected Broadcom’s leading-edge networking products to power its extensive family of access, edge, and campus networking solutions.

On Oct. 22, 2019, the company announced availability of ExtremeCloud IQ, the industry’s first end-to-end cloud management application that leverages machine learning and artificial intelligence to provide enterprises with insights, as well as complete visibility, control, and automation of their entire network.

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

EXTR’s strengths can be seen in its strong growth, better profitability, better solvency and robust efficiency compared with its peers. Its revenue has increased over recently several years. Technical indicators signal the bullish signs, as there is a bullish crossover in Stochastic oscillator, MACD is trying to cross back up and the RSI stands at 48.43 with positive bias. We rate Extreme Networks, Inc. (EXTR) a STRONG BUY.

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