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Enter Symbol:
 
Network Appliance, Inc. (NTAP) [hlAlert]

Rating:
Hold NTAP
down 33.61 %

Network Appliance, Inc. (NTAP) downgraded to Hold by Brean Murray

Posted on: Thursday,  May 24, 2012  10:25 AM ET by Brean Murray

Brean Murray rated Hold Network Appliance, Inc. (NASDAQ: NTAP) on 05/24/2012. Previously Brean Murray rated Buy Network Appliance, Inc. (NASDAQ: NTAP) on
02/16/2012., when the stock price was $42.90. Since then, Network Appliance, Inc. has lost 33.61% as of 05/24/2012's recent price of $28.48.
If you would have followed the previous Brean Murray's recommendation on NTAP, you would have lost 33.61% of your investment in 98 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.

Our equity research department is focused on fundamental analysis across the universe of over 200 small/mid cap stocks in our five target sectors. We are committed to providing proprietary action-oriented research to our institutional clients. Small cap growth focus. Our primary area of concentration is growth stocks with market capitalization of $200 million to $5 billion. Global perspective. We are covering U.S. listed stocks for companies domiciled in the U.S., China, Europe and Latin America, with our biggest concentration in the US and China. We were one of the first banks to aggressively expand our research to China and we believe we created one of the premier research franchises in small cap, U.S. listed Chinese companies to complement our strong domestic coverage. Disciplined stock selection. Our research analysts are focused on performing extensive bottoms up due diligence on companies under our coverage by leveraging their industry and management contacts. By combining our bottoms up work with our sector views we seek to generate a consistent flow of high conviction ideas for our clients. Diversified coverage. Our areas of expertise include technology, consumer, healthcare, resources and China small cap. We provide our clients with company-specific as well as sector-specific research across our target sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/24/2012 10:25 AM Hold
None
28.48
as of 12/31/2012
1 Week   
1 Month   
3 Months   
1 YTD down  -21.47 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/16/2012 8:25 AM Buy
None
42.90 50.00
8/18/2011 8:25 AM Buy
None
35.62 50.00
6/27/2011 8:25 AM Buy
None
49.67 60.00

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