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

Rating:
Equal-Weight
NTAP
down 6.72 %

Network Appliance, Inc. (NTAP) downgraded to Equal-Weight by Lehman Brothers

Posted on: Tuesday,  Apr 22, 2008  8:25 AM ET by Lehman Brothers

Lehman Brothers rated Equal-Weight Network Appliance, Inc. (NASDAQ: NTAP) on 04/22/2008. Previously Lehman Brothers rated Buy Network Appliance, Inc. (NASDAQ: NTAP) on
12/03/2007., when the stock price was $24.67. Since then, Network Appliance, Inc. has lost 6.73% as of 04/22/2008's recent price of $23.01.
If you would have followed the previous Lehman Brothers's recommendation on NTAP, you would have lost 6.72% of your investment in 141 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.

Lehman Brothers Holdings Inc. has filed for bankruptcy protection in the U.S.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/22/2008 8:25 AM Hold
None
23.01
as of 12/24/2008
1 Week up  5.91 %
1 Month up  19.80 %
3 Months up  21.60 %
1 YTD up  33.35 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/3/2007 1:25 PM Buy
None
24.67 32.00

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