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

Rating:
Market Perform
NTAP
up 36.20 %

Network Appliance, Inc. (NTAP) downgraded to Market Perform with price target $35 by BMO Capital Markets

Posted on: Thursday,  Feb 18, 2010  8:25 AM ET by BMO Capital Markets

BMO Capital Markets rated Market Perform Network Appliance, Inc. (NASDAQ: NTAP) on 02/18/2010. Previously BMO Capital Markets rated Outperform Network Appliance, Inc. (NASDAQ:
NTAP) on 08/19/2009., when the stock price was $22.95. Since then, Network Appliance, Inc. has gained 36.21% as of 02/18/2010's recent price of $31.26.
If you would have followed the previous BMO Capital Markets's recommendation on NTAP, you would have gained 36.2% of your investment in 183 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.

The U.S. Equity Research team comprises over 25 analysts located in New York, Atlanta, Boston, Denver, Houston and Los Angeles. We cover more than 375 stocks and also provide equity strategy, quantitative analysis and portfolio management services to our clients. Our goal is to identify the best sectors to invest in, and the best stocks within those sectors, in order to help our clients maximize their portfolio returns. Our award-winning analysts provide research that is informative, perceptive and actionable.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/18/2010 8:25 AM Hold
None
31.26 35.00
as of 12/31/2010
1 Week   
1 Month   
3 Months   
1 YTD down  -9.02 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/19/2009 8:25 AM Buy
None
22.95
1/18/2008 8:25 AM Hold
None
22.05

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