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Adding on Weakness

Though shares of Extreme Networks have declined this week, we expect the company to deliver solid earnings growth over the next few quarters.
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-- Buying 125 shares of Extreme Networks (EXTR) .

Stocks are trading higher today, reversing a five-session losing streak for the Russell 2000, which serves as the benchmark for our model portfolio. One name in the model portfolio that has not been participating in the recovery is Extreme Networks (EXTR) , which is currently changing hands around $5.49.

After you receive this Alert, we will buy 125 shares of the company. We now own 950 shares, which account for about 2.6% of the model portfolio.

The stock has dropped about 6% this week, but we remain convinced that Extreme can deliver solid earnings growth over the next few quarters, as management integrates the Enterasys deal.

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