Unexciting Stocks With Upside Potential? Extreme Networks Inc (NASDAQ:EXTR) and Cabot Oil & Gas Corporation (NYSE:COG)
New York, NY – GDP INSIDER – 04/15/2014.
This article discusses two companies: Extreme Networks Inc (NASDAQ:EXTR) and Cabot Oil & Gas Corporation (NYSE:COG)
Extreme Networks Inc (NASDAQ:EXTR) fell back slightly yesterday, reversing some of its recent gains with the stock closing down 2.43% or $0.06 at $2.41 with more than 2.52 million shares changing hands, compared to its three month average trading volume of 1.23 million. The developer and distributor of network infrastructure equipment has been trading within a fairly narrow range of between $2.40 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 31.73% compared to the S&P 500 which is up 1.79% for the same period. With revenue growth declining 33.80% year on year 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.
Cabot Oil & Gas Corporation (NYSE:COG) reversed its downward trend yesterday with the stock gaining 2.44% or $0.75 to close at $31.50 with more than 5.86 million shares trading hands, compared to its 30 day average trading volume of 5.20 million. The independent crude oil, natural gas and natural gas liquid producer and distributor has been steadily declining for the last 52 weeks, losing 4.46% but so far this year, it has already gained 6.38% compared to the S&P 500 which is up only 1.79% since the beginning of the year. Like most companies in the sector, Cabot Oil & Gas Corporation is suffering from the decline in oil prices and lack of investor confidence in the sector as a whole, but is still performing better than many of its competitors. With quarterly revenue growth of 26.80% year on year despite lower oil revenues, the company can still meet its one year target estimate of $34.76 if prices rise, but still better to hold for now.
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