Elliott Management said to take significant stake in NetApp (NTAP) - Bloomberg

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Expect Lower Guidance from NetApp (NTAP), But With Stock 'In Play' Downside is Limited - BMO Capital

May 20, 2013 6:56 AM EDT

BMO Capital analyst Keith Bachman reiterated his Market Perform rating on NetApp (NASDAQ: NTAP) ahead of results on May 21st. Bachman believes consensus estimates for the July quarter are too high, resulting in potential lower guidance. That said, given that Elliot Management is taking a more active role, they do not think a lower revenue guide will cause the... More

NetApp (NTAP) Spikes; Bloomberg Says Co. Target of Activist Elliott Management

May 16, 2013 11:47 AM EDT

Shares of NetApp, Inc. (Nasdaq: NTAP) spiked higher on Thursday after Bloomberg reported the company is being targeted by activists at Elliott Management Corp. Reports say Elliott took a stake of less than 5 percent, but has plans to increase its position.... More