Extreme Networks Inc (EXTR) and Paramount Gold and Silver Corp (PZG) Look Unexciting But Is There Potential?
New York, NY – GDP INSIDER – 03/23/2015.
This article discusses two companies: Extreme Networks Inc (NASDAQ:EXTR) and Paramount Gold and Silver Corp (NYSEMKT:PZG)
Extreme Networks Inc (NASDAQ:EXTR) fell back slightly on Friday, reversing some of its recent gains with the stock closing down 4.31% or $0.15 at $3.33 with more than 3.938 million shares changing hands, compared to its three month average trading volume of 1.031 million. The developer and distributor of network infrastructure equipment has been trading within a fairly narrow range of between $3.22 and $3.64 for the last month, with no strong indicators that it is likely to break out at the moment. Overall, the stock has been underperforming the S&P 500 as well so far this year, with the share price down 5.67% compared to the S&P 500 which is up 2.39% for the same period. With slow revenue growth of 0.40% and diluted EPS of -$0.76 there is no reason at this time to either hold, or buy the stock making it a sell unless fresh news unfolds.
Paramount Gold and Silver Corp (NYSEMKT:PZG) had a busy trading day on Friday with the stock climbing 0.98% or $0.01 to close at $1.03 on very active trading of over 6.850 million shares, compared to its three month average trading volume of 0.935 million. The gold, silver and precious metals exploration and development company has been trending downward since its three month high of $1.52 in the middle of February and the stock has now fallen far enough that it is converging on a bullish MACD crossover. With RSI of 42.67 the stock also looks like it is becoming undervalued, which may start the push Paramount Gold and Silver Corp slightly higher, as investors move out of some of the weaker commodities into precious metals. With a one year target estimate of $1.50 the stock does have potential in the long term and could be a good investment, but is at best a hold for now.
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