NetApp price target lowered to $46 from $53.50 at Cantor Cantor cut its price target on NetApp, citing what it sees as a weak tone from storage companies this earnings season. The firm expects the company to report in-line Q4 EPS and lower than expected revenue. It keeps a Buy rating on the stock.
News For NTAP From The Last 14 Days
Check below for free stories on NTAP the last two weeks.
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.