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NetApp (NASDAQ:NTAP) has been upgraded from Underperform to Neutral in a statement by Credit Suisse earlier today.

Credit Suisse has upgraded NetApp (NASDAQ:NTAP) from Underperform to Neutral in a statement released on 05/25/2017.

Boasting a price of $39.56, NetApp (NASDAQ:NTAP) traded 0.66% higher on the day. With the last stock price close down 9.37% from the two hundred day average, compared with the S&P 500 Index which has increased 0.02% over the same time. The company has recorded a 50-day moving average of $40.69 and a 200-day moving average of $40.73. 3,263,799 shares of the stock were exchanged, up from an average trading volume of 3,141,700

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NetApp (NASDAQ:NTAP)

NetApp has a 52 week low of $30.36 and a 52 week high of $45.24 with a P/E ratio of 21.51 The company’s market cap is currently $0.

In addition to Credit Suisse reporting its target price, a total of 25 firms have issued a report on the stock. The consensus target price is $24.90 with 1 firm rating the stock a strong buy, 1 firm rating the stock a buy, 23 firms rating the stock a hold, 10 firms rating the stock a underperform, and finally 1 firm rating the stock a sell.

General Information 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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