Should You Invest In Extreme Networks Inc (EXTR) and Paramount Gold and Silver Corp (PZG)?
New York, NY – GDP INSIDER – 04/09/2015.
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 yesterday, reversing some of its recent gains with the stock closing down 0.31% or $0.01 at $3.23 with 0.430 million shares changing hands, compared to its 30 day average trading volume of 0.919 million. The developer and distributor of network infrastructure equipment has been trading within a fairly narrow range of between $3.20 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 8.50% compared to the S&P 500 which is up 1.12% for the same period. With a decline of 33.80% in quarterly revenue growth (yoy) 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 low trading with 0.384 million shares changing hands compared to its 30 day average trading volume of 0.939 million. The stock traded between $1.03 and $1.09 before closing at its opening price of $1.05 with no change on the day. 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 45.72 the stock also looks like it is becoming undervalued, which may start to 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 $1.56 the stock does have potential in the long term and could be a good investment, but is at best a hold for now.