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Network Appliance, Inc. (NTAP) [hlAlert]

Rating:
Buy NTAP
up 5.58 %

Network Appliance, Inc. (NTAP) rated Buy with price target $34 by Broadpoint AmTech Research

Posted on: Monday,  Nov 16, 2009  9:25 AM ET by Broadpoint AmTech Research

Broadpoint AmTech Research rated Buy Network Appliance, Inc. (NASDAQ: NTAP) on 11/16/2009, when the stock price was $29.73.
Since then, Network Appliance, Inc. has gained 5.58% as of 01/06/2016's recent price of $31.39.
If you would have followed this Broadpoint AmTech Research's recommendation on NTAP, you would have gained 5.58% of your investment in 2242 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.

Broadpoint AmTech, Inc. is an equity research firm specializing in research on large and small cap companies. It provides equity research, sales, and trading services. The firm provides fundamental research on information technology and defense companies. It focuses on the aerospace and defense; analog semiconductors; broadband and media services; clean technology: biofuels; clean technology: coal; clean technology: energy generation and infrastructure; clean technology: solar; clean technology: wind; data networking and storage components; engineering and construction; financial technology; Internet; information technology hardware; LED industry; software; wireless communications; and wireless IC sectors. The firm caters to institutional investors. It was formerly known as American Technology Research. Broadpoint AmTech, Inc. is based in Greenwich, Connecticut, with additional offices in San Francisco, California and Denver, Colorado. The firm is a division of Broadpoint Securities Group, Inc.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/16/2009 9:25 AM Buy
None
29.73 34.00
as of 12/31/2009
1 Week up  63.26 %
1 Month up  81.01 %
3 Months up  87.58 %
1 YTD up  87.58 %

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