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Thursday, Aug 16
2012, 4:05 PM
NetApp's (NTAP +3.8%) FQ1 report and FQ2 guidance helped companies with enterprise storage...
NetApp's (NTAP +3.8%) FQ1 report and FQ2 guidance helped companies with enterprise storage exposure outperform. ELX +6.6%. QLGC +3.3%. BRCD +6%. QTM +6.3%. Deutsche (Buy) sees product catalysts such as Intel's Romley, new storage systems, and version 8.1 of NetApp's ONTAP OS driving shares higher, and Topeka is pleased FQ1 software/maintenance sales held up well. But Barclays thinks NetApp is still losing share to EMC (EMC +3.2%), which has carried out a big product refresh of its own. (transcript)