Extreme networks stock price dropped about 25% after the market was disappointed by guidance. However the outlook for this network solutions company is very bright as more and more devices in hospitals and factories need to be connected.

The markets reaction is all the more surprising given the company reported 76% revenues growth including 8% organic growth and guided for

Following the drop the CEO bought $170,000 of stock and with the stock trading on just 9x next year estimates it looks pretty tempting

This post is not a recommendation to buy or sell any security or derivative. Stocks are not suitable for all investors. Please do your own research.

https://www.fool.com/investing/2018/05/30/should-you-follow-insiders-into-extreme-networks.aspx

Submitted June 15, 2018 at 11:07AM by InterestingNews1 https://ift.tt/2MuVnvt