NetApp checks show demand tracking in-line or better, says Piper Jaffray Piper Jaffray said its mid-quarter channel checks indicate NetApp demand is tracking in-line to slightly better than expected. Piper continues to believe NetApp is positioned for a beat and raise quarter and reiterates an Overweight rating on the stock with a $41 price target.
Dot Hill Systems initiated with a Buy at Maxim Maxim says its analysis of Dot Hill Systems' (HILL) intellectual property indicates the company is unlikely to lose its business with HP (HPQ). The firm adds that Dot Hill management believes NetApp's (NTAP) slow exit from Engenio's OEM business brings at least a $200M incremental revenue and $40M operating profit opportunity. Maxim started shares of Dot Hill Systems with a Buy rating and $7 price target.