Extreme Stock Gaps Down On Today's Open (EXTR)

NEW YORK ( TheStreet) -- Shares of Extreme Networks (Nasdaq: EXTR) were gapping down Friday morning with an open price 14.1% lower than Thursday's closing price. The stock closed at $4.32 Thursday and opened today's trading at $3.71.

The average volume for Extreme has been 894,000 shares per day 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 47.9% year to date as of the close of trading on Thursday.

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 solid stock price performance, largely solid financial position with reasonable debt levels by most measures 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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