Tag Archives: ntap

NetApp Gets Price Target Hikes After Analyst Meeting

Analysts are divided on NetApp’s growth prospects after the data-management company’s analyst day, but at least four investment banks raised their price targets on the stock. Not all investors are convinced. NetApp (NTAP) stock was down more than 1% in midday trading in the stock market today, near 35.50. Piper Jaffray raised its price target on the company to 42 a share from 40, and Brean Capital to 42 from 39. Pacific Crest Securities upped its

NetApp Earnings Should Reveal Data Storage Challenges

Data storage vendor NetApp (NTAP), challenged by shifting market conditions and startup competitors, is scheduled to report earnings after the market close Wednesday. NetApp designs, develops and markets networked storage systems and data management software. Its primary competitor is EMC (EMC), but NetApp has also been pressured by competition from developers of flash-based storage systems, as well as cloud-based providers of

EMC Seen Tough Target Of Data Storage Startups

Data storage startups aim to take market share from Dell’s (DELL) Compellent subsidiary, Hewlett-Packard (HPQ) and NetApp (NTAP), but they generally view EMC (EMC) as a tougher target, says Piper Jaffray. Analyst Andrew Nowinski, who rates EMC stock overweight, in a research report Thursday says he recently met with executives of seven “next-generation” storage companies: privately held Pure Storage, Nimbus, Tintri, Tegile, Nutanix, Nexenta and