Sort of feels like someone unwinding a position ahead of the end of the year, which affects the stock price but doesn't change the fundamentals.
Also keep in mind that said fundamentals on NETA are still looking good. As quoted from an end-of-November BB Robertson Stephens report on NETA:
"1. Q4 results should contain qualitative information suggesting strength in all aspects of the business--antivirus, network management, service desk, and security.
2. A period without acquisitions will rapidly reconvince investors who remain on the sidelines due to skepticism about core growth rates.
3. Third, ongoing new product flow will increasingly draw customers and the stock market to a new view of NETA as described [below]:
....Over the next several quarters, NETA will integrate its products into a comprehensive network management, network administration, and secure solution platform. The company's comprehensive platform will be analogous to HP's OpenView, Tivoli's TME, and Computer Associates' TNG platforms, although it will be unique in its Windows and internetworking orientation from both a technology and marketing point of view."
Their bottom line was that NETA is a Strong Buy with a target price of $80.
Haven't seen anything the last day or so to change that assessment.
Regards,
SlowThinker
>STRANGE...NETA shot down from 66-3/4 to 65-1/8. |
