Deutsche Bank Positive on NetApp's Growth Drivers


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


Deutsche Bank has published a research report on NetApp (NASDAQ: NTAP) after meeting with company CFO Nick Noviello and SVP Jay Kidd.In the report, Deutsche Bank writes, "Earlier today we met with Nick Noviello (CFO) and Jay Kidd (SVP) at NTAP headquarters who provided a deep dive into NTAP's products & business prospects. Specifically, we see multiple growth drivers ahead including ONTAP 8.1, Romley datacenter upgrades, and future HW refreshes which should support improving growth & profitability going forward. Currently trading at ~8x CY12 EV/FCF we continue to view shares of NTAP as attractive; maintain Buy."Deutsche Bank maintains its Buy rating and $55 price target on NetApp, which is currently trading up $1.23 from yesterday's $41.84 closing price.

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


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Posted In: Analyst ColorReiterationAnalyst RatingsDeutsche Bank