Extreme Networks Upgraded to Buy, Zacks Rank #2: What's Next for the Stock?

Extreme Networks (EXTR) has been upgraded to a Zacks Rank #2 (Buy) due to an upward trend in earnings estimates. This upgrade reflects positivity about its earnings outlook, which could translate into buying pressure and an increase in its stock price. The Zacks Rank stock-rating system uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and has an impressive externally-audited track record.