3SOF

So some charts and analysis:

1st chart:  Candlestick and pattern that usually imply negative sentiment were formed today but NENG had a positive close recovering 2-3% heading into close.  Solid volume continues and MACD was also very nice.  More importantly, Golden Cross looks to be coming.  When the last Golden Cross occurred, NENG ran from around 2.00 to around 3.20 (current 52wk high) within a month.

2nd chart:  With some help from StockTA.com, support and resistance levels.  Green represents support and red resistance.  The levels mirror some of what Wrangler has already posted.  Significant support at 2.07 and 1.85.  2.07 is just below the 50 dma and 200dma.  My stop is @ 1.85.  Minor resistance and support form weak trading range between 2.20 and 2.26.  Some resistance @ 2.45 but that's it until it reaches the 52 week high.

How do you put the charts in between the text?  Tried to use the Insert Image command and put the file name in the brackets but it didn't work 

Tomorrow will be an important day.  Could retest 2.12 but I doubt there's anyway it'll close anywhere near there... we'll see what happens.  Happy trading 

I think NENG is preparing for a breakout. Volume is increasing. MACD is going bullish. Moving Averages underneath.The technology sector is looking great. I might put my 3 pennies tomorrow morning....

mexirafa

Here we go baby.  Chart to come after the day is over.  Broke out over 6 month high.  Let's go NENG!

Quote from: dwest718 on November 14, 2006, 07:19:14 AM
Thinking about adding some at open... no one else has an opinion?

What, no opinion ?
You got mine on page 2 of this thread, reply #20.

Quote from: setravis on September 23, 2006, 02:23:17 PM
Pump it out 33,363% revenue growth....
Develops and sells payment processing systems to direct marketers, racked up eye-popping revenue growth of 33,683 percent from 2001 to 2006.


Technicals
Last Price Quote is:
3.82%above 13-day EMA
10.77%above 50-day EMA
RS Rating: 49

Fundamentals
Key Data:
Market Cap (M): $74.09
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: Buy

Moved very well off the.......Double Bottom (Reversal) Pattern

Must I say more  

Today's closing chart....We have the "Golden Cross" !

MACD is Bullish
Stochastic is Bullish

Technicals
Last Price Quote is:
9.71%above 13-day MA
16.71%above 50-day MA
RS Rating: 95 

Fundamentals
Key Data:
Market Cap (M): $78.72 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: Buy

Press Release Source: Network Engines, Inc.


Network Engines Named Appliance Provider for Newbury Networks
Tuesday December 5, 8:29 am ET 
Appliance lifecycle services combined with breadth of design, manufacturing, and logistics expertise prove key to new appliance partnership


CANTON, Mass.--(BUSINESS WIRE)--Network Engines, Inc. (NASDAQ: NENG - News), a leading provider of storage and security server appliance products and services, today announced that Newbury Networks Inc., the Location Systems Company(TM), named Network Engines as its appliance manufacturing partner to build the industry's first infrastructure-agnostic wireless location appliance. By providing a dedicated hardware platform optimized to run Newbury's field-proven location technology, the Newbury Location Appliance(TM) built by Network Engines equips enterprise organizations with a plug-and-play solution for tracking thousands of devices over wireless LANs.


"Network Engines has established itself as the leading vendor of appliance solutions for software systems' companies eager to expand into new markets using dedicated hardware platforms," said Michael Maggio, President and CEO of Newbury Networks. "Partnering with Network Engines to design and build wireless network appliances tuned to run our solutions enables us and our strategic partners to develop a wealth of next-generation mobile enterprise applications including asset tracking, network provisioning, voice communications, and security."

Network Engines President and CEO Greg Shortell said that Newbury Networks is in the vanguard of software companies that are capitalizing on appliance advantages to deliver their applications as turn-key solutions: "By using our revision-controlled appliance reference platforms, Newbury Networks reduces the cost to deliver its patented location technology to a broader set of the marketplace. By ensuring that every model of appliance is identical, Network Engines enables Newbury and its partners to roll out location tracking applications to hundreds of locations within large organizations coupled with centralized management and network-based software update capabilities."

"We are fortunate to have a strong manufacturing partner conveniently near us in New England," continued Newbury's Maggio. "The technical flexibility of Network Engines combined with the company's high level of support enables us to deliver all of the benefits of dedicated hardware platforms without having to become hardware manufacturers ourselves. By partnering with Network Engines, we avoid the costs of developing our own hardware design, manufacturing and logistics expertise - and the tight control we gain over our hardware platforms enables us to deliver assured application experiences with lower support costs over the entire life of each appliance. That's a win for us, our partners, and our mutual enterprise customers."

Network Engines - THE Appliance Company

Network Engines appliances are designed to ease the deployment, enhance manageability, and increase security of mission critical software applications.

Our heritage of providing technology products and services tailored to supporting the entire lifecycle of our customers' appliances has made us the appliance partner of choice for software market leaders.

Founded in 1997, Network Engines is headquartered in Canton, Massachusetts and trades on the NASDAQ exchange under the symbol "NENG." For more information about the Company's products and services visit: www.networkengines.com.

Safe Harbor for Forward-Looking Statements

Statements in this press release regarding the Company's future financial performance and any other statements about Network Engines' management's future expectations, beliefs, goals, plans or prospects, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company's actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including those factors contained in the Company's most recent Annual Report on Form 10-K for the year ended September 30, 2005 and the most recent Form 10-Q for the quarter ended June 30, 2006 under the section "Risk Factors" as well as other documents that may be filed by the Company from time to time with the Securities and Exchange Commission. Forward-looking statements include statements regarding the Company's expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words. The Company assumes no obligations to update the information included in this press release.

Network Engines and the Network Engines logo are trademarks of Network Engines, Inc. All other trademarks are the property of their respective holders.

Contact:
Network Engines
Joni Moore, 508-308-7900
[email protected]

--------------------------------------------------------------------------------
Source: Network Engines, Inc.

And we keep on hopping. Another nice white candle today as long as this normal buying pressure continues.  Even a doji wouldn't be that bad... let's see what happens.  Only average volume but that could signify positive sentiment.

NENG is back... selloff recently down to 50dma... 3 bounces and a large white candlestick today could mean a good run coming... might add some more tomorrow.  Good luck everyone.

Network Engines shares rise on deal with Microsoft



bizjournals.com
Network Engines to partner with Microsoft
Tuesday January 23, 12:08 pm ET


Network Engines Inc. enjoyed a boost in share price Tuesday after software giant Microsoft Corp. announced a new partnership with the appliance maker.
Redmond, Wash.-based Microsoft (Nasdaq: MSFT - News) agreed to acquire Whale Communications Ltd., a provider of secure access products, last year. Under a deal announced Tuesday, Canton, Mass.-based Network Engines (Nadaq: NENG), which makes storage and security server appliance products, will provide service and support to new and existing Whale SSL VPN customers. Financial terms of the deal were not disclosed.

ADVERTISEMENT


Network Engines spokesperson Joni Moore said the arrangement is a major get for the company, which had already established its knowledge of Microsoft products with a line of appliances that are compatible with Microsoft's Internet Security and Acceleration (ISA) Server.

There are approximately 400 existing Whale customers worldwide, Moore said. The Whale technology, known as Intelligent Application Gateways (IAG), has been rolled-in as an optimizer in an appliance renamed the NS-4700. The 2U rackmount system imposes a physical separation between the public network and the customer's internal network and allows only known-good traffic to pass to each application, the company said in a statement.

Shares of Network Engines surged 14 percent to $2.66 in Tuesday morning trade following the announcement.

Published January 23, 2007 by the Boston Business Journal

ENTERS DEFINITIVE AGREEMENT: Network Engines, Inc. (NENG) has entered into a definitive
agreement to acquire privately-held Alliance Systems, Inc., a provider of server appliances
and computer infrastructure supporting telecommunications and enterprise communications solutions.
Valued at approximately $40 million, the transaction will be funded through a combination
of approximately $35 million in cash, which includes the payment of certain of Alliance's debt
obligations, and approximately 2.7 million shares of Network Engines' common stock. Alliance
Systems provides server appliances and enhanced support services for wireless, VoIP, contact
center and enterprise communications solutions. For the 2006 fiscal year, revenue was approximately
$102 million and operating income was approximately $3.2 million.

NEI(formerly NENG) $1.69 up 15c on Volume Jump Friday Ahead of Earnings November 4

I expect $2.75 - $3.25 close Next Friday.

The chart below shows that technicals are coming around and that next week will be bullish:

http://stockcharts.com/charts/gallery.html?s=nei

- NEI is starting to get recognized as a player in the fast-growing Cloud Computing sector as a preferred hardware provider. EMC, which is being rumored as a MSFT and ORCL acquisition target is a huge NEI customer and growing business together every year for the last 8 years. The most recent products are for cloud computing.

- Super undervalued trading at 0.4 times sales for a company growing 30%+ as it emerges strongly from the recent recession. Was deeply oversold due to over-reaction after slight revenue miss last quarter.

- Exceptional revenue growth ($144M in 2009, $250M in 2010 and so on). The November 4 report will show a 30%+ 4Q/FY revenue growth and FY return to profitability

- 3 consecutive profitable quarters. Will report the 4th on November 4.

- Strong balance sheet (30c/share cash, no debt, over $80 million of NOLs), $10 million in available credit that has never been used yet...etc.


The following presentation ( a must listen before you invest) will highlight the following:


http://www.wsw.com/webcast/mk21/neng/

- The exponential recent growth as a result of significant design wins (EMC, Dell, Tektronix, others) due to a shift in philosophy in 2009

- The exciting new markets the company is getting into like enabling software companies to do Cloud Computing (so that they don't have to deal with the hardware part of the business). As you probably have heard Cloud Computing is growing at an exponential rate

- Participating in many vertical markets/technologies (telo communications, storage, network security, enterprise communications, etc)

- Focus on building strong ties with their customers (EMC for instance, 8 years of growing business in several divisions and geographical regions).

- Strongest player in its niche business

- Acquisition candidate. Sector undergoing massive consolidation due to positioning for Cloud Computing (CC) growth (read white paper below about NEI and CC):

http://www.nei.com/PrivateDocuments/NEI_Virtual_Appliance_for_Deploying_Apps_in_the_Cloud_WP_595-1126-00.pdf


Please do your DD before you invest

ntwktoten,
Thanks for the update.
Seems this one had a Ticker symbol change.

Changed Ticker Symbol
NENG is no longer valid. It has changed to NEI

Looks like this one has an Ascending Triangle (continuation) chart pattern going for it after the gap down. Let's watch and see if it will break out to the upside to close the gap.

NEI Schedules Fiscal 2010 Fourth Quarter Conference Call
Management to host conference call at 10 a.m. ET on November 4, 2010

Press Release Source: NEI On Thursday October 21, 2010, 8:00 am EDT
CANTON, Mass., Oct. 21 /PRNewswire-FirstCall/ -- NEI (Nasdaq:NEI - News), a leading provider of server-based application platforms, appliances and lifecycle support services for software developers and OEMs worldwide, will announce financial results for its fiscal fourth quarter, the period ended September 30, 2010, on Thursday, November 4, 2010, prior to the market open.

Following the release, NEI management will conduct a conference call at 10 a.m. (ET) to discuss the Company's operating performance. Management also anticipates providing the financial outlook for its quarter ending December 31, 2010. The conference call will be available live via the Internet by accessing the NEI web site at www.nei.com on the investor relations page. Please go to the web site at least 15 minutes prior to the call to register, download and install any necessary audio software.

To listen to the conference call via phone, please dial 1-877-407-9039 or 1-201-689-8470. For those who cannot access the live broadcast, a replay will be available by dialing 1-877-870-5176 or 1-858-384-5517, and entering the passcode "359218" from three hours after the end of the call until 12 p.m. (ET) on November 11, 2010. The archived webcast will also be available at the NEI web site.

About NEI

NEI is a leading provider of server-based application platforms, appliances and lifecycle support services for software developers and OEMs worldwide. Through its comprehensive suite of services that include solution design, integration control, support and other value-added service capabilities, NEI enables customers to more effectively deploy, manage, service and support their solutions. Founded in 1997, NEI is headquartered in Canton, Massachusetts and trades on the NASDAQ exchange under the symbol NEI. For more information about NEI's products and services, visit www.nei.com.

NEI and the NEI logo are trademarks of Network Engines, Inc. All other trademarks are the property of their respective holders.


Contact:
 

 
Hayden IR
 
Peter Seltzberg
 
646-415-8972
 
[email protected]
 
[email protected]

NEI to Present at Merriman Capital's Investor Summit 2010 on November 16th
Hundreds of Institutional Investors to Attend Conference...

Press Release Source: NEI On Wednesday October 27, 2010, 9:36 am EDT
CANTON, Mass., Oct. 27 /PRNewswire-FirstCall/ -- NEI (Nasdaq:NEI - News), a leading provider of server-based application platforms, appliances, and lifecycle support services for software developers and OEMs worldwide, today announced that Greg Shortell, President and Chief Executive Officer of NEI, and Doug Bryant, CFO, will present at Merriman Capital's 7th annual Investor Summit on November 16, 2010 at 4:30 p.m. ET in the Riverside Park room. The conference will be held at the InterContinental New York Hotel in Times Square, New York City.

Investors and other interested parties may access the live presentation at http://www.wsw.com/webcast/mcm13/nei/. More information about the conference can be found at: www.merrimanco.com

About Merriman Holdings, Inc.

Merriman Holdings, Inc. (Nasdaq:MERR - News) is a financial services firm focused on fast-growing companies and the institutions that invest in them. The company offers high-quality investment banking, equity research, institutional services and corporate & venture services, and specializes in three growth industry sectors: CleanTech, Consumer, Media & Internet and Technology. For more information, please go to www.merrimanco.com.

About NEI

NEI is a leading provider of server-based application platforms, appliances and lifecycle support services for software developers and OEMs worldwide. Through its comprehensive suite of services that include solution design, integration control, support and other value-added service capabilities, NEI enables customers to more effectively deploy, manage, service and support their solutions. Founded in 1997, NEI is headquartered in Canton, Massachusetts and trades on the NASDAQ exchange under the symbol NEI. For more information about NEI's products and services, visit www.nei.com.


Contact:
 
Peter Seltzberg
 
Hayden IR
 
646-415-8972

NEI (Network Engines....formerly NENG) will report strong earnings this month and will attend Nedham's Growth Conference next week.

===> Target: $2.5+ after 1Q 2011 earnings

NEI's is looking better and better after a heavy consolidation in the $1.45 -$1.6 range:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57881165


NEI is potential buyout candidate due cloud-computing sector consolidation:

http://www.bloomberg.com/news/2011-01-03/technology-takeovers-may-accelerate-in-2011-as-ibm-hp-push-into-the-cloud.html?cmpid=yhoo

NEI Highlights and 1Q Earnings Expectations:

- NEI's current market cap is $65 million

- NEI's 1Q 2011 revenues to be reported in about 2 weeks will be about $62 million vs. $48 million same quarter last year and sequentially stronger than 2Q 2010.

- Net income will range from $800K to $1 Million vs. $140K.

- NEI's balance sheet is super strong with 40c/share cash and ZERO debt.

- The stock is trading at 0.25 times sales and 12 PE. This is a 200 - 300% discount from sector averages


NEI's revenues are growing at 20%+/year due to ever increasing demand for "virtual machines" and other storage/security products the company makes for EMC, DEll, and other customers.

Players the hot "cloud computing" like NEI are expected to grow significantly in the future. There is also significant consolidation in the sector making NEI an ideal buyout candidate because it is trading at 0.25 timers sales, it's consistently profitable, has a strong balance sheet, and has a long list of blue chip customers.

Last Friday, Gleacher analyst Brian Marshall issued a short research note this morning summarizing a few trends he thinks will be important in IT in 2011 and beyond.

1) Cloud computing, he says, currently consumes only two percent of the global enterprise storage budget today, and he expects that to grow to between 15 and 20 percent within five years.

2) He says solid-state storage–which uses flash memory to enhance storage in servers by breaking up the bottlenecks that exist between processors that do the number crunching and hard drives that store the data–is "at a nascent stage," and that solid-state use in enterprise applications will only get more important in 2011.

3) Finally, expect more virtualization in the data center. Currently, corporations virtualize about 30 percent of their servers and storage machines. Marshall thinks over five years, that will grow to about 70 percent, and if the conditions are right, 2011 could be a year where the growth rate could accelerate significantly.

Not surprisingly, NEI is starting to gain visibility:

Capstone Investments Starts Network Engines (NEI) at Buy; A Prime Storage/Security Integrator

12/23/2010 8:58 AM ET


Capstone Investments initiates coverage on Network Engines (NASDAQ: NEI) with a "Buy."

Capstone analyst says, "NEI benefits from software companies who do not wish to deal with the hardware aspects of selling software as an appliance. Shares are currently attractive as the June quarter miss (due to difficulties in forecasting as the company was ramping up several rapidly growing businesses) resulted in a lower share price that does not adequately reflect the company's long-term fundamentals, in our opinion. NEI is a beneficiary of strong trends in storage (currently 55% of revenue) and security (30% of revenue), and is also a play on deduplication (as it provides EMC with Avamar deduplication software on DELL servers"


About Network Engines:

Network Engines, Inc. (NASDAQ: NEI/formerly NENG) provides application platforms, appliances, and deployment services for software developers, original equipment manufacturers, and service providers worldwide.

The company designs and manufactures server-based platform and appliance solutions, on which software applications are applied to enterprise and telephony information technology networks.

The company also offers support services related to solution design, integration control, global logistics, and support and maintenance programs

Founded in 1997, NEI is headquartered in Canton, Massachusetts and trades on the NASDAQ exchange under the symbol NEI.

For more information about NEI's products and services, visit:  www.nei.com.

"NEI" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.  
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders.                          
All history on a stock pick in 1 thread is awesome.                          
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock.      
Thank You....and good luck with all your trades....make some $$$      


Here is the chart...