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

Rating:
Buy NTAP
down 41.90 %

Network Appliance, Inc. (NTAP) upgraded to Buy with price target $62 by Canaccord Genuity

Posted on: Friday,  May 13, 2011  10:25 AM ET by Canaccord Genuity

Canaccord Genuity rated Buy Network Appliance, Inc. (NASDAQ: NTAP) on 05/13/2011, when the stock price was $54.03. Since
then, Network Appliance, Inc. has lost 41.90% as of 01/06/2016's recent price of $31.39.
If you would have followed this Canaccord Genuity's recommendation on NTAP, you would have lost 41.9% of your investment in 1699 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.

Canaccord Genuity’s global team of over 100 research professionals are inquisitive, experienced and committed to generating actionable investment ideas. We analyze over 725 companies in a broad range of market sectors, identifying value and defining risk for our clients.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/13/2011 10:25 AM Buy
None
54.03 62.00
as of 12/30/2011
1 Week down  -0.65 %
1 Month down  -1.52 %
3 Months up  6.89 %
1 YTD down  -32.87 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/17/2011 12:25 PM Hold
None
53.80
8/5/2010 11:25 AM Hold
None
43.76 40.50

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