Welcome back to the BeachBum Trading channel, where we discuss potential top turnaround plays in the market. Today, in this [EXTR | Extreme Networks Inc. | Quick Take] video , we have another company that has caught our attention โ Extreme Networks Inc. Extreme Networks is a communication technology company that has been struggling for quite some time, but has recently shown some signs of a potential turnaround.
In the past, they have had negative earnings, but their revenue slightly beat expectations. Although they reported a loss of 6 million, itโs not a significant amount in the grand scheme of things. On top of that, they have reported positive earnings in the previous quarter, which leads us to question whether this could be the bottom for Extreme Networks.
However, we have to address the elephant in the room โ Extreme Networks has high levels of debt, which is a cause for concern. This raises the question of whether it could be considered a โzombie companyโ or one that we should stay away from. It is important to note that the companyโs stock is optionable, with minimal discrepancy in the float. Unfortunately, the companyโs performance has been poor this year, and they have recently reported earnings that fell below expectations, leading to a drop in their stock price.
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CHAPTERS
00:00 โ EXTR | Extreme Networks Inc.
05:01 โ BeachBum Trading Sites
05:49 โ Discord Invite
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REFERENCES
EXTR โ Extreme Networks Inc. โ Home Page
http://www.extremenetworks.com/
Profile of Extreme Networks Inc. (EXTR) stock | ChartMill.com
https://www.chartmill.com/stock/quote/EXTR?a=152324
EXTR Extreme Networks Inc. Stock Quote
https://finviz.com/quote.ashx?a=311864277&t=EXTR
Extreme Networks Inc. (EXTR) Stock Price Today, Quote & News | Seeking Alpha
https://seekingalpha.com/symbol/EXTR
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