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Extreme Networks (EXTR) Catches Eye: Stock Moves 11.5% Higher

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Extreme Networks, Inc. (EXTR - Free Report) was a big mover last session, as its shares rose over 11% on the day. The move came on the back of robust fourth-quarter 2017 results. This led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range $8.48 to $9.64 in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Extreme Networks currently carries a Zacks Rank #3 (Hold).

A better-ranked stock in the Computer - Networking space is Digi International Inc. (DGII - Free Report) , carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is EXTR going up? Or down? Predict to see what others think: Up or Down

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Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaries," but that should still leave plenty of money for regular investors who make the right trades early.

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