Cantor Fitzgerald Starts NetApp (NTAP) at Hold; Bumpy N-T Obsure Potentially Attractive FY13

Cantor Fitzgerald initiates coverage on NetApp (NASDAQ: NTAP) with a Hold. PT $48.00.

Analyst, Paul Mansky, said, "The stock has appreciated 29% versus the recent low on January 17th, to within recent three-year mean multiple ranges. With difficult comparisons expected to commence in 1Q:13 and operating margin unlikely to return to pre-acquisition levels over the next several quarters, we see little by way of new catalysts to drive appreciation."

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 $42.32 yesterday.

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