NetApp (NTAP) volatility elevated; shares up on better than expected sales growth

NetApp (Nasdaq: NTAP) is recently up $2.52 to $42.40 in the premarket following the company reporting double-digit sales growth. Wedbush say’s “Not as bad as feared, but margin concerns linger; Maintain Neutral and raising price target to $43.” Overall option implied volatility of 62 is above its 26-week average of 47 according to Track Data.

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