Needham & Company Reiterates a 'Buy' Rating on Network Engines (NENG), Disappointing Guidance, But Longer-Term Thesis Intact
Needham & Company reiterates a 'Buy' rating on Network Engines (Nasdaq: NENG), lowers PT from $4 to $3. Needham analyst says, "Overall, we believe NENG continues to generate notable growth in its business, and we view its September outlook as a temporary pause and not a fundamental problem. Looking forward, we expect the model to resume very...
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