Market Overview

Morgan Stanley Has Concerns About NetApp Due to Revenue Deceleration

Share:
Related NTAP
Benzinga's Top Downgrades
Expert Sees A $25 Billion Cloud Windfall Coming For Amazon, Microsoft And Google
NetApp slumps on pre-earnings Atlantic Equities downgrade (Seeking Alpha)

In a report published Thursday, Morgan Stanley analyst Katy L. Huberty reiterated an Equal-Weight rating on NetApp (NASDAQ: NTAP).

In the report, Morgan Stanley noted, “F3Q revenue failed to surprise despite constructive C4Q checks and F4Q guidance implies negative revenue growth again. GM surprised positively for the second straight quarter, but could dip with more aggressive pricing in F4Q. Without signs of a positive revenue growth inflection near-term, we expect shares to fall below $40.”

NetApp closed on Wednesday at $42.59.

Latest Ratings for NTAP

DateFirmActionFromTo
Feb 2016Atlantic EquitiesDowngradesNeutralUnderweight
Jan 2016BarclaysMaintainsUnderweight
Jan 2016JefferiesMaintainsHold

View More Analyst Ratings for NTAP
View the Latest Analyst Ratings

Posted-In: Katy L. Huberty Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

Related Articles (NTAP)

Get Benzinga's Newsletters