Network Engines Stock Soars (NEI)

NEW YORK ( TheStreet) -- Shares of Network Engines (Nasdaq: NEI) have taken a tremendous swing upward. The stock is trading at $1.25 as of 9:55 a.m. ET, 20.2% above Wednesday's closing price of $1.04. Volume is at 377,631, 2.5 times the daily average of 151,700.

Network Engines has a market cap of $42.4 million and is part of the technology sector and computer software & services industry. Shares are up 3.9% year to date as of the close of trading on Wednesday.

Network Engines, Inc. provides application platforms and appliance solutions for original equipment manufacturers and independent software vendors worldwide. The company has a P/E ratio of 1.2, equal to the average computer software & services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Network Engines as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and attractive valuation levels. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Network Engines Ratings Report.

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