Netscreen (NSCN) Message Board

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Technology Stocks : Netscreen (NSCN)

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To: Caxton Rhodes who wrote (22)	1/23/2003 10:55:36 AM
From: Wizard	Read Replies (1) of 38

This is a breakout quarter for NSCN. Revenue growth is accelerating dramatically and it is in a very attractive segment. Finally, a true growth story investors can get excited about. Stock has run and could face some pressure here and there as some investors take profits but the company is breaking away and putting up accelerating growth, even as numbers start to get bigger. Stock looks quite undervalued to me and could be a home run if they execute on the opportunity at hand. I am looking for ~80% growth in FY03, ahead of managements 64% midpoint guidance, recently raised from 45%. At $19 and change, stock is a $1.6B market cap but generating good cash flow and so net of my projected cash figures of $350mm, company is valued at $1.25 billino. $400mm revenue in 2004 looks quite doable. These numbers are compelling.

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