StockIceMan's Weekly Stock Pick
Week of June
3rd,2002
| Stock: |
Network Engines,
Inc. |
| |
|
| Ticker Symbol: |
NENG - Nasdaq -
Computer Hardware |
| |
|
| Buy: |
1.05 to 1.10 |
| |
|
| Sell: |
3.00 + |
| |
|
| Info: |
Network Engines,
Inc. is a provider of high-density,
server appliance hardware and
custom integration services.
Server appliances are pre-configured
computer network infrastructure
devices designed to deliver
specific application
functionality. The Company is
focused on partnering with
independent software vendors and
original equipment manufacturers
to provide these strategic
partners with dense server
appliance hardware, integration
services and appliance
development, deployment and
support to allow these strategic
partners to deliver turnkey
solutions to their end-user
customers. |
| |
|
| Financial Info: |
For the six
months ended 3/31/02, net
revenues fell 45% to $5.1
million, while net loss decreased
79% to $10.1 million. |
| |
|
| Key Ratios: |
Current
Ratio: 17.89; Total Debt/Equity:
0.00, P/E: N/A, Price/Book: 0.55,
Price/Sales: 4.10 |
| |
|
| Share Info: |
There are 32.8
million shares outstanding with
14.8 million shares in the
trading float. 27 Institutions own
approximately 12.0 % of the
shares outstanding. There have
been no insiders buying and 2
insiders selling a total of 52,000
in the last six months.
As of 4/8/2002, there were 4,000
shares short.
Net Institutional Buying: 19,000
shares : prior to latest quarter. |
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|
| Articles: |
Network Engines
Continues Revenue Growth in
Second Quarter |
|
