NetApp shares likely weak in near-term, says JPMorgan JPMorgan expects near-term weakness in shares of NetApp after the company reported "mixed" Q4 results and issued a "soft" revenue outlook. However, the firm said it still likes NetApp's margin and cash flow profiles relative to peers and keeps an Overweight rating on the stock with a $45 price target.
News For NTAP From The Last 14 Days
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NetApp expands cloud support with NPS for Azure, says Cantor Cantor Fitzgerald believes the introduction of NetApp Private Storage for Microsoft Azure provides further validation to NetApp's expanding support for the cloud. The firm views NetApp as the leader amongst storage vendors for public cloud infrastructure. Cantor says the stock is "very inexpensive" and keeps a Buy rating on NetApp with a $45 price target.
Equinix and NetApp expand cloud partnership Equinix (EQIX), and NetApp (NTAP) announced that they are expanding their cloud partnership. The two companies now provide an expanded offering of private storage solutions for the public cloud including NetApp Private Storage for Microsoft Azure, through the Equinix Cloud Exchange, which makes connecting to the cloud simple and convenient.