Auriga Maintains a 'Buy' on NetApp (NTAP); Expect In-Line Results; Is It A Tweener Stock Now?

Auriga maintains a 'Buy' on NetApp (NASDAQ: NTAP) price target of $52.00.

Auriga analyst says, "We expect NetApp to report roughly in-line with our estimates for its F3Q12 (Jan), which suggests a slight EPS beat is possible compared to consensus, but off a slight revenue miss. 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 $38.98 yesterday.

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