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Stock Market & Financial Investment News

News Breaks
May 12, 2014
06:15 EDTNTAPNetApp downgraded to Market Perform from Outperform at Raymond James
Raymond James downgraded NetApp ahead of Q4 results citing checks that indicate ongoing storage market softness, increased competition and new entrants, reduced product portfolio advantages, and a peak in buybacks and margins.
News For NTAP From The Last 14 Days
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October 28, 2014
07:27 EDTNTAPWilliam Blair 'puzzled' over NetApp acquisition
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07:24 EDTNTAPNetApp holds a panel discussion at conference
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October 27, 2014
16:03 EDTNTAPNetApp buys Riverbed's SteelStore product line for $80M
NetApp (NTAP) announced the acquisition of Riverbed Technology's (RVBD) SteelStore product line in an all-cash transaction for approximately $80M. he SteelStore product supports leading backup applications and cloud providers so that customers have a choice in how they extend their existing data protection infrastructure into the cloud. NetApp will offer enterprises cloud-integrated storage to securely and efficiently back up their data to both private and public cloud environments. NetApp expects that the SteelStore product will be available during its fiscal third quarter of 2015.
October 22, 2014
11:25 EDTNTAPCisco sale of VCE stake to have limited impact, says Wells Fargo
Wells Fargo thinks Cisco's (CSCO) decision to sell a portion of its stake in VCE is unlikely to have a material near-to-intermediate-term impact on the company's top line since it will continue to sell its networking and compute solutions to the joint venture. Wells says Cisco's "budding" partnerships with NetApp (NTAP), Microsoft (MSFT) and Citrix (CTXS) should more than offset any potential impacts from lessening ties to EMC (EMC) and VMware (VMW).

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