Piper Jaffray Upgrades NetApp (NTAP) to Overweight; Lifts Price Target
NTAP Hot Sheet
Rating Summary:17 Buy, 15 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
Piper Jaffray & Co. upgrades NetApp, Inc. (Nasdaq: NTAP) from Neutral to Overweight. Price target increased from $18 to $28.
Piper analyst says, "Our channel checks indicate NetApp has experienced a substantial improvement in near-term demand, coupled with a healthy increase in pipeline activity. We believe NetApp is on track to post better-than-expected results for the July quarter and tight cost controls (and less industry discounting) should drive operating margin expansion. While the loss of Data Domain (Nasdaq: DDUP) was disappointing, we do not believe it was the be-all and end-all of future growth and expect NetApp will continue taking share in the small/mid-size storage market."
To see more analyst ratings on NTAP Click Here.
NetApp, Inc. provides enterprise storage and data management software and hardware products and services. It
Piper analyst says, "Our channel checks indicate NetApp has experienced a substantial improvement in near-term demand, coupled with a healthy increase in pipeline activity. We believe NetApp is on track to post better-than-expected results for the July quarter and tight cost controls (and less industry discounting) should drive operating margin expansion. While the loss of Data Domain (Nasdaq: DDUP) was disappointing, we do not believe it was the be-all and end-all of future growth and expect NetApp will continue taking share in the small/mid-size storage market."
To see more analyst ratings on NTAP Click Here.
NetApp, Inc. provides enterprise storage and data management software and hardware products and services. It
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