Auriga Maintains a 'Buy' on NetApp (NTAP); In-line Results and Guidance
Tweet Send to a FriendGet Alerts NTAP Hot Sheet
Price: $36.43 -2.04%
Rating Summary:
17 Buy, 21 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 23 | New: 22
Rating Summary:
17 Buy, 21 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 23 | New: 22
Trade NTAP Now!
Auriga maintains a 'Buy' on NetApp (NASDAQ: NTAP) price target of $52.00.
Auriga analyst says, "NetApp reported F3Q12 results in-line with consensus and also guided in-line with consensus. NTAP, the stock, seems stuck in the middle between growth investors dissatisfied with the decelerating organic revenue growth, and value oriented investors who believe the stock still looks too expensive. Our view is that NetApp is an extremely well managed company with among the highest growth prospects in large cap tech. We believe the company sustains share gains that drive growth within our long term 10-15% organic CAGR assumption over time, and that current valuation represents a good entry point given that growth profile."
For an analyst ratings summary and ratings history on NetApp click here. For more ratings news on NetApp click here.
Shares of NetApp closed at $39.88 yesterday, with a 52 week range of $33.00-$59.51.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Auriga analyst says, "NetApp reported F3Q12 results in-line with consensus and also guided in-line with consensus. NTAP, the stock, seems stuck in the middle between growth investors dissatisfied with the decelerating organic revenue growth, and value oriented investors who believe the stock still looks too expensive. Our view is that NetApp is an extremely well managed company with among the highest growth prospects in large cap tech. We believe the company sustains share gains that drive growth within our long term 10-15% organic CAGR assumption over time, and that current valuation represents a good entry point given that growth profile."
For an analyst ratings summary and ratings history on NetApp click here. For more ratings news on NetApp click here.
Shares of NetApp closed at $39.88 yesterday, with a 52 week range of $33.00-$59.51.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- In-Line Q4 Results Expected for NetApp (NTAP); Elliott Investment Will Take Time to Pan Out
- Goldman Sachs Upgrades Abbott Labs (ABT) to Buy
- Goldman Sachs Upgrades Meritor (MTOR) to Buy
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Auriga
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
