Taking Stock: Enterasys Still Has Much Work To Do

摘要

Remember Fox In Socks by Dr. Seuss? Fox shows Knox how to rhyme. "Fox in socks. Knox in box. Fox in socks on Knox in box." If you recall, Knox's head starts spinning as he can't keep up with Fox. My head was doing likewise when I started researching Enterasys Networks because of the many changes at the company. Ever the bargain hunter, I started sniffing around Enterasys to see its value. What caught my interest was the $201.9 million in cash on its balance sheet. This amounts to about half the company's total market cap. So let's see if the stock represents a true bargain. Enterasys focuses on providing secure networks for its customers, and designs arid builds networking equipment aimed primarily at large implementations such as Fortune 500 companies and government agencies. Its product portfolio includes the Matrix line of switches, the X-Pedition line of routers, and various Dragon Intrusion Defense System security products, among others.