Cross Research upgraded NetApp (NASDAQ:NTAP) from Hold to Buy in a statement released earlier today.
- Updated: September 25, 2016
Cross Research has upgraded NetApp (NASDAQ:NTAP) from Hold to Buy in a statement released on 9/26/2016.
On 09/21/2016, Susquehanna released a statement for NetApp (NASDAQ:NTAP) bumped up the target price from $36.00 to $42.00 that suggested an upside of 0.20%.
Boasting a price of $35.66, NetApp (NASDAQ:NTAP) traded -0.83% lower on the day. With the last stock price close up 31.26% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. NetApp has recorded a 50-day average of $33.22 and a two hundred day average of $27.17. Volume of trade was down over the average, with 2,487,510 shares of NTAP changing hands under the typical 3,138,820
With a total market value of $0, NetApp has price-earnings ratio of 32.10 with a one year low of $20.66 and a one year high of $36.10 .
A total of 25 equity analysts have released a ratings update on NTAP. One equity analyst rating the company a strong buy, one equity analyst rating the company a buy, twenty-three equity analysts rating the company a hold, ten equity analysts rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of $24.90.
Brief Synopsis About NetApp (NASDAQ:NTAP)
NetApp, Inc. (NetApp) provides software, systems and services to manage and store customer data. The Company enables enterprises, service providers, governmental organizations, and partners to envision, deploy and evolve their information technology (IT) environments. The Company offers a portfolio of products and services that satisfy a range of customer workloads across different data types and deployment models. Its data management and storage offerings help manage business productivity, performance and profitability, while providing investment protection and asset utilization. The Company's FlexPod portfolio includes FlexPod Datacenter for core enterprise data centers and service providers, FlexPod Express for medium-sized businesses and branch offices, and FlexPod Select for data-intensive workloads. The portfolio is validated with hypervisors, operating systems, systems management tools and cloud management platforms.
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