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Network Security Firm Enjoys Rapid Growth.(B)(NASDAQ STOCKS IN THE NEWS)
Byline: David Saito-Chung
SafeNet, featured here on Aug. 21, broke out on heavy volume Tuesday. Please see the Nasdaq Real Most Active column on page B6 for more details. Its industry peer NetScreen Technologies has been working on a long base. In July the stock notched a 52-week high of 27.29, but fell short of its all-time high of 27.95 seen shortly after its December 2001 IPO.
The Sunnyvale, Calif.-based provider of network security software has seen outstanding revenue growth in the past four years, from $0.7 million in fiscal 1998 (ended in September) to $138 million in fiscal 2002. ...
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