NEI (NASDAQ: NEI) today announced the financial outlook for the fiscal quarter ended December 31, 2011.
Highlights:
- Net revenues in the range of $68 million to $70 million, greater than the original guidance of $58 million to $63 million provided on November 10, 2011.
- Net income on a GAAP basis in the range of $1.3 million to $1.6 million, compared to prior guidance of GAAP net income of $500,000 to $1.0 million.
Take in consideration that Greg Shortell, President and CEO, and Doug Bryant, CFO, will present at the 14th Annual Needham Growth Conference. The conference will be held January 10-12, 2012 at the New York Palace Hotel in New York City.
Short note: NEI has never released the “outlook” for the last five years. Announcement of the preliminary financial results in front of the Needham event cannot be a coincidence. Should these occurrences trigger the interest from sophisticated investors? Surely they should and today’s trading volume on NEI stock is the answer.
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NEI (NASDAQ: NEI)
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NEI is a leading provider of purpose-built application platforms, appliances and lifecycle deployment services for software developers and OEMs serving storage, security and communications markets worldwide.
NEI is the best known for our solution design technologies, integration expertise and its unique deployment capabilities. All of company’s turnkey platforms and appliances are designed for longevity and backed by lifecycle management services.
NEI creates products and business solutions that solve deployment challenges, accelerate time to market, reduce ownership costs and increase business efficiencies.