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

Rating:
Neutral NTAP
down 31.88 %

Network Appliance, Inc. (NTAP) downgraded to Neutral with price target $40 by Collins Stewart

Posted on: Thursday,  Nov 17, 2011  8:25 AM ET by Collins Stewart

Collins Stewart rated Neutral Network Appliance, Inc. (NASDAQ: NTAP) on 11/17/2011. Previously Collins Stewart rated Buy Network Appliance, Inc. (NASDAQ: NTAP) on
11/01/2010., when the stock price was $53.53. Since then, Network Appliance, Inc. has lost 31.89% as of 11/17/2011's recent price of $36.46.
If you would have followed the previous Collins Stewart's recommendation on NTAP, you would have lost 31.88% of your investment in 381 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.

Collins Stewart's research department is built around a number of sector-specialist teams. Our analysts are leaders in their area of specialisation and combine deep industry knowledge with decades of stock broking experience to produce insightful, independent sector research. Our research approach encompasses Questâ„¢ principles and focuses on cash-driven valuation techniques. Research is a Collins Stewart cornerstone; it is leveraged throughout the organisation.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/17/2011 8:25 AM Hold
None
36.46 40.00
as of 12/30/2011
1 Week   
1 Month   
3 Months up  7.45 %
1 YTD down  -33.66 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/1/2010 9:25 AM Buy
None
53.53 62.00
6/3/2010 9:25 AM Buy
None
39.18 50.00
5/26/2009 9:25 AM Hold
None
19.51
2/9/2009 8:25 AM Sell
None
16.54 13.00
12/23/2008 9:25 AM Buy
None
13.04 16.00

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