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

Rating:
Hold NTAP

Network Appliance, Inc. (NTAP) rated Hold with price target $22 by Jefferies & Co

Posted on: Tuesday,  Aug 18, 2009  8:25 AM ET by Jefferies & Co

Network Appliance, Inc. (NASDAQ: NTAP)
rated Hold with price target $22 by Jefferies & Co.

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 focus on growing and mid-sized companies enables us to identify unique investment ideas, which can make the difference in a tough market. Jefferies' research effort covers U.S. & International equity, high yield, convertibles, investment grade fixed income and post-reorganization securities, as well as special situations and quantitative research. The more than 120-person team of research professionals covers over 1,200 companies in more than 40 industries worldwide. Our analysts focus on identifying emerging industry themes and dig deeper to provide in-depth, thought provoking, objective research. Our analysts use a variety of quantitative and qualitative tools, integrating field analysis, proprietary channel checks and ongoing dialogue with the managements of the companies they cover. We utilize the latest technologies to deliver a research product that is timely, differentiated, and tailored to each customer's needs. Regular client access to companies and their management teams is provided through a wide variety of Jefferies hosted industry conferences, company management meetings and on-site tours.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/18/2009 8:25 AM Hold
None
22.80 22.00
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/20/2009 9:25 AM Hold
None
17.79 18.00
9/25/2007 9:25 AM Hold
None
27.12 28.00

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