Revising Guidance and Timing the Market: NENG, SABA, SBIB
Network Engines (NENG) Gains on New Product to Market; Saba Software (SABA) Still Trending Up and Up; Sterling Bancshares (SBIB) Rises on Expectations.
By Dennis Askew
Published: Wednesday, April 7, 2010 @ 5:48 AM PDT
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Rating N/ATrends, Charts and Exclusive Opinion

Three Very Impressive SmallCaps

NENG: Classic, Textbook Yearly Climb Isn’t Over

SABA: Revises Guidance Upward for FYE

SBIB: Will Report Q1 2010 Earnings on April 22

First up this morning is Network Engines Inc., (NENG) http://www.nei.com/ currently trading in the $2.19 range on a 3-Month average daily trading volume of 277,434 shares. NENG was trading in the 40 cent range a year ago. In a classic, textbook climb, NENG over 11-Months reached the $2.20 level in early March 2010. It is currently holding that level and a trend line would suggest it will continue to rise in value and price. NENG has a52-week high of $2.26 set on 03-09-10 with current, trailing twelve month revenues of $155+ million. On April 1, Needham upgraded its rating on NENG from a ‘hold’ to a ‘buy’ and I’m going a long with them. NENG is a short-term (6 Mo) ‘Buy’ consideration for me. Here’s why... NENG has built an innovative communications platform that IT folks love.

In late March, NENG announced the availability of its E-4000 R4 platform for next-generation converged communications and telephony applications. The platform offers the industry's best combination of dual processors, quad-core processing, high availability, scalability, and telephony card integration in a 4U footprint. The system integrates telephony-specific capabilities and validation testing to enable more rapid time-to-market for high-density applications in a scalable, rack-mountable system. Very impressive.