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Enter Symbol:
Network Engines, Inc. (NENG) [hlAlert]

down 29.41 %

Network Engines, Inc (NENG) upgraded to Buy with price target $2.50 by Needham

Posted on: Thursday,  Apr 1, 2010  8:25 AM ET by Needham

Needham rated Buy Network Engines, Inc (NASDAQ: NEI) on 04/01/2010, when the stock price was $2.04. Since
then, Network Engines, Inc has lost 29.41% as of 09/18/2013's recent price of $1.44.
If you would have followed this Needham's recommendation on NEI, you would have lost 29.41% of your investment in 1266 days.

Network Engines, Inc. develops, markets and provides integrated and powerful server appliances that enable organizations to provide information and applications over the Internet. Server appliances are a new category of computer network infrastructure devices that deliver specific functionality through a combination of pre-packaged hardware and software. The company's server appliances are high-powered, compact products that use either Windows or Linux operating systems and support a range of applications.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
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(*) Stock Price at the time of the recommendation.
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