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NetApp Inc. (NASDAQ:NTAP) has been upgraded to Outperform in a statement by FBN Securities earlier today.

Boasting a price of $39.56, NetApp Inc. (NASDAQ:NTAP) traded 0.66% higher on the day. With the last close down 9.37% from the two hundred day average, compared with the S&P 500 Index which has increased 0.02% over the date range. NetApp Inc. has recorded a 50-day average of $40.69 and a two hundred day average of $40.73. Volume of trade was up over the average, with 3,263,799 shares of NTAP changing hands over the typical 3,141,700

FBN Securities has upgraded NetApp Inc. (NASDAQ:NTAP) to Outperform in a statement released on 5/25/2017.

Performance Chart

NetApp Inc. (NASDAQ:NTAP)

With a total market value of $0, NetApp Inc. has price-earnings ratio of 21.51 with a one year low of $30.36 and a one year high of $45.24 .

A total of 25 analysts have released a research note on NTAP. One analyst rating the company a strong buy, one analyst rating the company a buy, twenty-three analysts rating the company a hold, ten analysts rating the company a underperform, and finally one analyst rating the company a sell with a one year target of $24.90.

More About NetApp Inc. (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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