Endace provide IT network security systems which reduce CPU load and enable 100% of packets to be inspected.

The Endace Blurb:
Endace is the world leader in the acceleration of network security and analysis applications.

Endace products include cards and optimised platforms, which deliver:
100% capture of network traffic irrespective of line rate/packet size
Near-zero CPU loading during data transfer to host
Flexible, Hardware-based offload of software functions


Useful Links
Endace website
14 Nov 06 : Interim Results
10 Apr 07 : Major US Ninjaprobe Contract
13 Apr 07 : Trading Statement - results "significantly ahead of market expectations"
14 Apr 07 : Guardian Comment on Endace and broker target raise
19 Apr 07 : Endace CEO, Selwyn Pellet, on ASB Business television
24-26 Apr 07 : InfoSecurity Europe Exhibition - Endace whitepapers and info
1 May 07 : Yahoo/Computer Business Online - Endace Plans App Modules for NinjaProbe
15 May 07 : Ninjaprobe 40GB/s Product Launch
16 May 07 : Agreement With Verint Systems
22 May 07 : Final Results
22 May 07 : Appointment of Chairman and CEO
22 May 07 : ZDnet Distruptive Technologies Blogger's Video on Endace
11 June 07 : Endace bosses sell large number of shares
29 June 07 : New Endace CEO, Mike Riley, interview on WallStreetReporter.com

Upcoming Events
none to report at present

fantastic - well done valuemax for keeping the faith - I was very tempted to sell early on today but I found out somebody was very keen to buy this stock in large volumes - that can only mean one thing when the stock is thinly traded. Good also to see large buys going in late afternoon near high of the day.

How did you find out about the large buying, keepitreal?

Up a further 10% today. SP now doubled since this thread was started in April.

another excellent rise - my broker let me know about the keen buyers - I think they will have cooled a bit today after 2 days of significant gains

Endace have been doing the rounds with the analysts the past few days so I'm hopeful the buying interest will continue.

We may see a rise in selling though with the rising SP so I don't expect the 10%+ daily rises to continue. It'll find a balance somewhere, hopefully a bit further north of the present level.

I'd settle for just a nice 5% tomorrow :-)

The Express is reporting on a rumoured bid for Endace from Cisco.

http://www.moneyam.com/action/news/showArticle?id=1986403

Endace analysis and viewpoint from TMF user Marben

Well worth a read.

see you got your wish on todays rise with a very small pullback late afternoon - article you mention is very good and some of his forward projections are really quite astonishing - I too have sold some of my holding after sticking to my own rules but intend to keep the remainder which are effectively now free as a core holding. - keep up the good work valuemax

Yesterday's 5% comment was more in hope than expectation, but I'm not going to complain!

I did exactly the same as you today, keepitreal. Sold around half, kept the rest for long term. Not bad for a one month investment.

If only we hadn't sold half on Friday!

cant be too greedy I suppose - I tried buying some more today at 350 but price moved and I was too tight to buy at 355 - cant sell my holding now this stock is flying - I hear that Panmure may have increased price target again - anything on this?

I believe they have increased their target to 350p. SP well beyond that now.

From NewRatings.com:
LONDON, May 30 (newratings.com) - Analyst Nick James of Panmure Gordon maintains his "buy" rating on Endace (ticker: EDA). The target price has been raised from 300.0p to 350.0p.

In a research note published this morning, the analyst mentions that the company can take advantage of its technology edge to become a leading provider of network-monitoring solutions. Customer pull from tier-1 players has improved Endaces prospects and the companys transformation is likely to continue in FY08, the analyst says. Robust profitability would enable the company to fund its growth, Panmure Gordon adds.

Panmure seem to be always behind the curve on this one - assuming the share price stays round this level what do panmure say now - because with the share price appraoching 400p and their target already smashed they definately need to review target. - I will have a look at their comments when I get a chance

They'll need to raise it again soon. To 400p, no doubt.

another stonking day - buying still very persistent I see someone bought 5000 at 460 late afternoon which is really good to see - anyone who likes mountain climbing should look at the chart over the last month.
anyone who did not pay attention to postings by valuemax should start at the beginning of this thread look at the chart and weep
share movement today after this sort of rise cannot be just on new buying - watch out for bid speculation

sold most of my remaining holding yesterday when market looked bleak at 455p - just kept a few to make sure I keep an eye on Endace.
Endace was ripe for a correction when market turned back after such a big rise - a lot of punters have been shaken out of this - will be interesting to see how price moves over next few days

Once again we've sold at the same time, keepitreal. Congratulations on your nice profit. I too got out at 455p. The indicators were looking like it was overbought and due a correction.

Even at current level (390p or thereabouts) there is no compelling reason to buy back in. My last buys were at 237p and I'd rate anything below 300p as good value. It will be interesting to see what Panmure do with their rating (currently buy with 350p target, but that's now out of date).

Share selling by directors:

Endace Limited
11 June 2007


11 June 2007

ENDACE LIMITED
(the 'Company')

DIRECTOR / PDMR SHARE DEALINGS

The Company was notified on 8 June 2007 that the following Directors and/or
Person Discharging Managerial Responsibility of the Company, sold the following
ordinary shares in the capital of the Company on 8 June 2007 as set out below.

Selwyn Pellett, Chairman Designate, commented: 'The share transactions announced
today have enabled Endace to expand its shareholder base with the introduction
of highly respected investing institutions as new shareholders in the Company.'


+------------------------------------------------------+-------------------+
|Director | Ian Graham|
+------------------------------------------------------+-------------------+
|Nature of transaction | Disposal|
+------------------------------------------------------+-------------------+
|Number of ordinary shares disposed | 400,000|
+------------------------------------------------------+-------------------+
|Price per share | 3.62|
+------------------------------------------------------+-------------------+



+------------------------------------------------------+-------------------+
|Director | Selwyn Pellett|
+------------------------------------------------------+-------------------+
|Nature of transaction | Disposal|
+------------------------------------------------------+-------------------+
|Number of ordinary shares disposed | 500,850|
+------------------------------------------------------+-------------------+
|Price per share | 3.62|
+------------------------------------------------------+-------------------+


+----------------------------------------+---------------------------------+
|Person Discharging Managerial | Greg Howard|
|Responsibility | |
+----------------------------------------+---------------------------------+
|Nature of transaction | Exercise of Options and disposal|
+----------------------------------------+---------------------------------+
|Number of ordinary shares disposed | 30,600|
+----------------------------------------+---------------------------------+
|Price per share | 3.62|
+----------------------------------------+---------------------------------+


+----------------------------------------+---------------------------------+
|Person Discharging Managerial | Greg Howard|
|Responsibility | |
+----------------------------------------+---------------------------------+
|Nature of transaction | Exercise of Options and disposal|
+----------------------------------------+---------------------------------+
|Number of ordinary shares disposed | 4,000|
+----------------------------------------+---------------------------------+
|Price per share | 3.70|
+----------------------------------------+---------------------------------+

Thought this could have gone down after large director selling but I watched closely this morning and now picked up another head of steam. I have bought a few more before started to motor.

From NewRatings.com:

Endace "buy," target price raised

Wednesday, June 20, 2007 4:22:00 AM ET
Panmure Gordon & Co

LONDON, June 20 (newratings.com) - Analyst Nick James of Panmure Gordon maintains his "buy" rating on Endace (ticker: EDA). The target price has been raised from 350p to 540p.

In a research note published this morning, the analyst mentions that the companys share price has appreciated by 200% since April, following the announcement for a large initial order for the NinjaProbe. Endace has a long way to go in terms of securing engineering resource and closing large deals for the future NinjaProbe products, the analyst says. If the company is able to execute these tasks impeccably over the next two years, it is likely to generate around $30 million in revenues in FY08 and $50 million in FY09, Panmure Gordon adds.