Key Developments For Network Engines, Inc.
Network Engines, Inc. (NENG.O) (Consolidated Issue listed on NASDAQ Global Market)
Network Engines, Inc. Issues Q1 2010 Guidance Above Analysts' Estimates
Network Engines, Inc. announced that for first quarter 2010 it expects results for net revenues in the range of $39 million to $44 million, gross profit in the range of 13.5% to 15% of net revenues. Net income (loss) on a GAAP basis in the range of $(600,000) to breakeven. Net income on a non-GAAP basis in the range of $100,000 to $700,000. According to Reuters Estimates, analysts are expecting the Company to report revenue of $37 million and net income of $(0.39) million for first quarter 2010.
Network Engines, Inc. Releases New DC-Powered Servers Based On Dell Inc.'s PowerEdge Technology
Network Engines, Inc. announced it is working with Dell to manufacture and co-market a new line of DC-powered servers based on Dell's PowerEdge R710 platform. NEI worked with Dell OEM Solutions to specify, engineer and test the new DC-powered server. The two companies will co-market the new model E-2710 to enterprise and telecom application developers and OEMs worldwide. NEI will be Dell's exclusive manufacturer of the E-2710 and the provider of support and deployment services as well as reverse logistics for this platform. Other terms and conditions of the agreement were not disclosed.
Network Engines, Inc. Takes Worry Out Of Manufacturing Process For Data Protection Vendor
Network Engines, Inc. announced that SEPATON, Inc., selected NEI to deliver rack-level integration, system testing and supply chain management services for the SEPATON S2100-ES2 virtual tape library (VTL).
Network Engines, Inc. Issues Q4 2009 Guidance; Net Profit Guidance Above Analysts' Estimates
Network Engines, Inc. announced that for the fourth quarter of 2009, it expects net revenues to be in the range of $33-$38 million and net loss on a GAAP basis to be in the range of $(900,000)-$(1.5) million and net loss on a non-GAAP basis to be in the range of $(150,000)-$(750,000). According to Reuters Estimates, analysts are expecting the Company to report net profit of $(0.56) million on revenues of $34 million for the same period.
Network Engines, Inc. Issues Q3 2009 Guidance Below Analysts' Estimates
Network Engines, Inc. announced that for third quarter 2009 it expects net revenues in the range of $30 million to $35 million, net loss on a GAAP basis in the range of $(1.7) million to $(2.3) million and net loss on a non-GAAP basis in the range of $(900,000) to $(1.5) million. According to Reuters Estimates, analysts are expecting the Company to report revenue of $39 million and net loss of $0.37 million for third quarter 2009.
