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Network Appliance, Inc. (NTAP) [hlAlert]

Rating:
Buy NTAP
down 42.85 %

Network Appliance, Inc. (NTAP) rated Buy with price target $42 by Stifel Nicolaus

Posted on: Thursday,  May 24, 2012  8:25 AM ET by Stifel Nicolaus

Stifel Nicolaus rated Buy Network Appliance, Inc. (NASDAQ: NTAP) on 05/24/2012. Previously Stifel Nicolaus rated Buy Network Appliance, Inc. (NASDAQ: NTAP) on
12/20/2010., when the stock price was $54.93. Since then, Network Appliance, Inc. has lost 42.85% as of 01/06/2016's recent price of $31.39.
If you would have followed the previous Stifel Nicolaus's recommendation on NTAP, you would have lost 42.85% of your investment in 1843 days.

Network Appliance is a leading supplier of network attached data storage and access devices, called filers. The company pioneered the concept of the ``network appliance`` an extension of the industry trend toward specialized devices that perform a specific function in the network, similar to the development of the router for network communications. The company's recent product category is designed to achieve Internet bandwidth savings and to improve performance by moving data closer to end-users.

Stifel Nicolaus research focuses on all market caps, but is a leader in small- and mid-cap research. The department is staffed predominately with industry professionals from outside Wall Street. In fact, approximately 50% of its analysts have hands-on work experience in the industry that they research. Stifel Nicolaus believes industry experience, its opportunistic approach, and broad market cap coverage drive excess returns and its award-winning franchise.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/24/2012 8:25 AM Buy
None
28.60 42.00
as of 12/31/2012
1 Week down  -0.44 %
1 Month up  5.80 %
3 Months up  2.03 %
1 YTD down  -7.49 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/20/2010 8:25 AM Buy
None
54.93 65.00
3/25/2009 9:25 AM Hold
None
15.26

(*) Stock Price at the time of the recommendation.
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