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Stock Market & Financial Investment News

News Breaks
May 20, 2014
07:02 EDTNTAPNetApp 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
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October 1, 2014
09:32 EDTNTAPNetApp should be sold into strength, says Morgan Stanley
Morgan Stanley said, yesterday, NetApp (NTAP) lost its Head of North American sales and another sales executive to Nimble Storage (NMBL), indicating some management have not bought into the product portfolio longer-term. The firm believes NetApp continues to lose share to cloud storage and disruptive NAND flash solutions and the executive departures highlights secular risks. Additionally, the analyst does not believe, despite speculation, Cisco (CSCO) will acquire the company. Morgan Stanley expects NetApp to report an inline to above October quarter but recommends selling any strength.
September 23, 2014
10:02 EDTNTAPOn The Fly: Analyst Upgrade Summary
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07:57 EDTNTAPNetApp upgraded to Buy on takeout potential at Summit Research
Summit Research upgraded NetApp to Buy from Hold on potential takeout potential. The firm said NetApp's business remains sluggish and that the company will have no choice but to find a buyer now that EMC (EMC) has been considering a merger with other leading OEMS. Summit Research believes NetApp integration would be easier for an acquirer given most of its revenue is derived from ONTAP software and notes shares trade at relative discount to the group. Price target raised to $55 from $34.

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