NetApp (NTAP) slumps with Q4 earnings

NetApp Inc.

fell 12% to $31.08 after the company reported weaker-than-expected earnings for its fiscal fourth quarter on Wednesday. Analysts at Cantor Fitzgerald downgraded NetApp from buy to hold and lowered the price target from $43.00 to $35.00. Share volume was 9.4 million, compared to an all-day average of 3.3 million