- 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:
- 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):
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