Here's one to own in the firewall group that is very cheap in relation to its peers.
Here is the NEWS::Company Press Release
ADVISORY/CyberGuard Corporation Announces Fourth Quarter Fiscal 1997 Revenues to be in Line with Analysts Expectations
Company Schedules Conference Call to Discuss
Revenue Results and Strategic Direction
FT. LAUDERDALE, Fla.--(BUSINESS WIRE)--July 16, 1997-- CyberGuard Corporation (NASDAQ:CYBG), a leading provider of network security and electronic commerce solutions, today announced fourth quarter fiscal 1997 revenue results will be in line with analysts expectations. This represents record quarterly revenue results for CyberGuard Firewall products, and continued revenue growth at an annualized rate greater than recent market research data projections for the firewall industry.
The Company has scheduled a conference call Thursday, July 24, at 1:00PM Eastern standard time to discuss fourth-quarter fiscal 1997 revenue results. The company will also review the status of major corporate initiatives and strategic relationships. Final earnings results for the quarter and the 1997 fiscal year are scheduled for release the first week of September. The dial-in number to participate in the conference call is (800) 482-5547. The call will be available for 48 hours via recording by dialing (800) 625-5288.
``CyberGuard's business remains strong on a worldwide basis with excellent customer demand for the award-winning CyberGuard Release 3 Firewall product line,'' noted Robert L. Carberry, chairman, president and chief executive officer. ``We have scheduled a conference call to share the revenue results, to further elaborate on certain strategic alliances such as Data General, and plans for new distribution channels.''
About CyberGuard
CyberGuard Corporation (NASDAQ:CYBG) is a leading provider of network security and electronic commerce solutions to Fortune 1000 companies and governments worldwide. CyberGuard's award-winning, industrial-strength firewall and security products protect the integrity of data and applications from hackers and digital thieves. CyberGuard's subsidiary, TradeWave, provides certificate authority products and services to safeguard electronic-commerce applications. The U.S. National Computer Security Center, the National Computer Security Association and the European Information Technology Security Evaluation Criteria have certified CyberGuard products. The company has U.S. headquarters in Ft. Lauderdale, Florida and branch offices worldwide. More information on CyberGuard products and services is available through an E-mail request to info@mail.cybg.com and from CyberGuard's web site at cyberguardcorp.com.
CyberGuard Firewall is a trademark of CyberGuard Corporation. All other trademarks are property of their respective owners.
NOTE TO EDITORS: In the Internet/email address noted in this news release, there is an ``at'' symbol between lthornhill and mail.cybg.com. In the World Wide Web address noted in this news release, there is a double slash between cyberguardcorp.com.these symbols may not appear properly in some systems. |
