William Blair Downgrades NetApp (NTAP) to Market Perform, 'cloud business has hit a wall in recent quarters'

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Dropbox has lackluster 2024 revenue growth prospects, NetApp cloud thesis not playing out - William Blair

September 18, 2023 2:30 PM EDT

Wiliam Blair downgraded Dropbox (NASDAQ: DBX) and NetApp (NASDAQ: NTAP) to Market Perform from Outperform in separate notes on Monday.

Analyst Jason Ader told investors that the firm downgraded NTAP as the cloud thesis is not playing out, while the... More