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Stock Market & Financial Investment News

News Breaks
June 24, 2014
13:01 EDTNTAPNetApp outlook for FY15-FY17 'encouraging,' says Cantor
Cantor Fitzgerald notes that its analyst day, NetApp reiterated its FY15 and Q1 outlook while providing FY15-FY17 guidance with a branded revenue growth projection in the mid-single digit level, gross margin of 63%-64%, operating expenses of 44%-46%, operating margin of 18%-20% and earnings growth at two times branded revenue growth. Cantor views the outlook as "encouraging" and says the stock offers attractive value at current levels. The firm reiterates a Buy rating on the stock with a $45 price target.
News For NTAP From The Last 14 Days
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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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