Extreme Stock Hits New 52-Week High (EXTR)

NEW YORK ( TheStreet) -- Extreme Networks (Nasdaq: EXTR) hit a new 52-week high Thursday as it is currently trading at $4.25, above its previous 52-week high of $4.24 with 929,149 shares traded as of 1:24 p.m. ET. Average volume has been 894,000 shares over the past 30 days.

Extreme has a market cap of $356.3 million and is part of the technology sector and computer hardware industry. Shares are up 41.1% year to date as of the close of trading on Wednesday.

Extreme Networks, Inc., together with its subsidiaries, develops and markets network infrastructure equipment and services to businesses, hospitals, schools, hotels, telecommunications companies, and government agencies.

TheStreet Ratings rates Extreme as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and disappointing return on equity. You can view the full Extreme Ratings Report.

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