In-Line Q4 Results Expected for NetApp (NTAP); Elliott Investment Will Take Time to Pan Out
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Baird Downgrades NetApp (NTAP) to Underperform
May 20, 2013 7:36 AM EDTBaird downgraded NetApp (NASDAQ: NTAP) from Neutral to Underperform with a price target of $34.00 (unchanged).
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 $37.84 yesterday, with a 52 week range of $26.26-$39.15.... More
Expect Lower Guidance from NetApp (NTAP), But With Stock 'In Play' Downside is Limited - BMO Capital
May 20, 2013 6:56 AM EDTBMO 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
