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News Breaks | | | | January 8, 2013 | | 10:36 EDT |  | BRCD, EMC, STEC, NTAP | EMC weakens after analyst downgrades stock
IT infrastructure provider EMC (EMC) is falling after William Blair analyst Jason Ader downgraded the stock to Market Perform from Outperform in a note to investors earlier today. Last quarter, EMC had difficulty closing deals with large corporate customers, according to the analyst. As a result, the company's fourth quarter results are likely to be in-line with or below analysts' expectations, while its 2013 guidance is likely to be below the Street's outlook, wrote Ader. New data storage technologies are emerging, creating increased competition for companies that develop storage solutions, including EMC, Ader believes. The enhanced efficiency of some of these technologies is pressuring incumbent vendors, while the growth in spending on storage solutions has slowed significantly, the analyst wrote. In mid-morning trading, EMC fell 41c, or 1.70%, to $23.72. Other companies that develop storage solutions also dropped, with NetApp (NTAP) losing 2.74% to $32.33, Brocade (BRCD) giving back 1.45% to $5.42, and STEC (STEC) declining 1.80% to $4.92. | |
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News For EMC;NTAP;STEC;BRCD From The Last 14 Days Check below for free stories on EMC;NTAP;STEC;BRCD the last two weeks. |
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| June 18, 2013 | | 08:51 EDT |  | NTAP | NetApp price target raised to $48 from $41 at Pacific Crest
Pacific Crest increased its price target on NetApp as the firm thinks the company's new products could help it benefit from a potential rebound in storage fundamentals next year. The firm keeps a Buy rating on NetApp. | | | June 13, 2013 | | 09:09 EDT |  | EMC | EMC upgraded to Outperform from Sector Perform at Pacific Crest
Pacific Crest upgraded EMC with a $30 price target on expectations storage industry fundamentals could bottom in 2013. | | | 05:59 EDT |  | NTAP | NetApp implied volatility at lower end of index mean range
 Subscribe for More Information | | | June 12, 2013 | | 19:25 EDT |  | NTAP | NetApp executives sell near high, Barron's says
Subscribe for More Information | | | 10:14 EDT | | EMC | On the Fly: Upgrade Summary
Subscribe for More Information | | | 08:23 EDT | | EMC | EMC upgraded to Buy from Hold at Craig-Hallum
Subscribe for More Information | | | 07:32 EDT |  | NTAP | Lazard Capital to host a conference
Subscribe for More Information | | | June 10, 2013 | | 07:17 EDT | | NTAP | Storage Networking Industry Association to host conference
Storage Plumbing & Data Engineering Conference is being held in Santa Clara on June 10-12. | | | June 7, 2013 | | 10:11 EDT | | BRCD | On The Fly: Analyst Upgrade Summary
Subscribe for More Information | | | 06:32 EDT | | BRCD | Brocade upgraded to Buy from Neutral at ISI Group
Subscribe for More Information | | | | June 6, 2013 | | 08:00 EDT | | NTAP, EMC | NetApp prospects improved for rest of year, says Lazard Capital
Lazard Capital says shares of NetApp (NTAP) can continue moving higher for the remainder of the year with the July quarter guidance out of the way and the company's capital allocation announcement. However, the firm keeps a Neutral rating on the stock, preferring larger-cap peer EMC (EMC) for its broader product portfolio. | | | June 5, 2013 | | 07:23 EDT | | EMC | China Cloud Computing Tech is holding a conference
Subscribe for More Information | | | 06:10 EDT | | NTAP | NetApp implied volatility at lower end of index mean range
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