Are These Stocks Valuable Low-Price Investments? Extreme Networks, Inc(NASDAQ:EXTR) and Bio-Path Holdings Inc(NASDAQ:BPTH)
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Extreme Networks, Inc(NASDAQ:EXTR) lost forty cents during Friday’s trading, a 7.48% decrease in value which left the stock at a closing price of $4.95. However, the stock regained sixteen cents during after-hours trading to move to a value of $5.11. While the new mark does offset a large proportion of the stock’s loss, the California-based network infrastructure equipment provider remains just $1.58 above its 52 week low of $3.53.
After the markets closed Thursday, Extreme Networks reported its fiscal fourth quarter financial results. The company recorded a GAAP net loss of $0.17 per share for the quarterly period and $0.60 for the fiscal year. According to the press release, this was the second quarter during which Extreme Networks reported figures that included its previous Enterasys acquisition.
Bio-Path Holdings Inc(NASDAQ:BPTH) saw its value decline by seventeen cents during Friday’s trading, a 7.05% loss that left the stock at a closing price of $2.24. The stock, which traded within a range of $2.20 to $2.50 during the day after opening at the latter figure, remains $1.78 above and $3.01 below its 52 week low and high figures of $0.46 and $5.25, respectively. The Texas-based biotechnology company has a market capitalization of $217.98 million.
On Aug. 14th, Bio-Path Holdings, which was added to the Russell 3000® and Russel Microcap® indexes earlier during the summer, reported its quarterly results. The reported figures included an on-hand cash balance in excess of $15.7 million. Bio-Path expects its current business plan to cost $12.8 million over the next eighteen months.
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I have alerted companies that rallied 100% or even 6,000% (not even joking) in under a week. Likewise, I have alerted companies that tanked 10, 20, sometimes even as much as 30 or 40%. However overall it is about the net result that delivers profits into your portfolio.
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