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Network Appliance, Inc. (NTAP) [hlAlert]

up 5.46 %

Network Appliance, Inc. (NTAP) downgraded to Hold with price target $38 by Cantor Fitzgerald

Posted on: Thursday,  Aug 9, 2012  8:25 AM ET by Cantor Fitzgerald

Cantor Fitzgerald rated Hold Network Appliance, Inc. (NASDAQ: NTAP) on 08/09/2012. Previously Cantor Fitzgerald rated Buy Network Appliance, Inc. (NASDAQ: NTAP) on
06/11/2012., when the stock price was $30.93. Since then, Network Appliance, Inc. has gained 5.46% as of 08/09/2012's recent price of $32.62.
If you would have followed the previous Cantor Fitzgerald's recommendation on NTAP, you would have gained 5.46% of your investment in 59 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.

Cantor U.S. Equity Research provides timely and insightful opinions on select stocks. We look at key drivers of the stock price, including company and industry fundamentals, capital markets influences and overall economic trends to provide critical and in-depth analysis. Our focus is on small and mid-cap companies in the following sectors: * Marine Transportation * Life Sciences * Clean Technology & Energy Efficiency * Real Estate * Communications Technology * Internet * Enterprise Software
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/9/2012 8:25 AM Hold
32.62 38.00
as of 12/31/2012
1 Week   
1 Month   
3 Months   
1 YTD up  5.46 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/9/2012 8:25 AM Hold
32.62 38.00
6/11/2012 8:25 AM Buy
30.93 38.00

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