NEI: Network Engines, Inc Market Currents

Quote & Headlines Market Currents StockTalk

Tuesday, June 19, 2012, 9:41 AM Struggling server appliance vendor Network Engines (NEI) is being acquired by privately-owned Unicom Systems for $63.2M, or $1.45/share, in cash. The deal's price represents an 85% premium to NEI's Monday close. NEI shares were crushed earlier this year after the company announced top customer EMC will be transitioning away from its products. Shares are halted. (PR) Comment! [Tech, On the Move, M&A]
Thursday, April 26, 2012, 11:12 AM Network Engines (NEI): FQ2 EPS of $0.04 beats by $0.01. Revenue of $65.9M (+1.4% Y/Y) in-line. (PR) Comment! [Earnings, Tech]
Friday, April 13, 2012, 12:25 PM Network Engines (NEI -25.9%) shares slide after the provider of server-based application platforms' says its largest customer, EMC, plans a transition away from products representing ~$21M in quarterly revenue in a switch expected to begin as early as the end of this year. Comment! [Tech, On the Move]
Thursday, January 26, 2012, 7:10 AM Network Engines (NEI): FQ1 EPS of $0.04 beats by $0.01. Revenue of $69.7M (-3% Y/Y) in-line. (PR) Comment! [Earnings, Tech]

mrmacgoo
What is in the cards short term for this company NEI ???? Does taking out 1.45 lead to great things?
2/16/12
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mrmacgoo: and now how about this 1.50??? Do we see a pop to 1.90s?
2/21/12
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mrmacgoo
What is in the cards short term for this company NEI ???? Does taking out 1.45 lead to great things?
2/16/12
Reply (1)

• !Report Abuse
View all 1 replies
mrmacgoo: and now how about this 1.50??? Do we see a pop to 1.90s?
2/21/12
• !Report Abuse
Add a reply...

140 characters

NEI Network Engines, Inc