NetApp (NTAP -3.2%) slips toward its 52-week low following a downgrade to Neutral from Baird:...

|By:, SA News Editor

NetApp (NTAP -3.2%) slips toward its 52-week low following a downgrade to Neutral from Baird: the firm cites growing competition from EMC, which it believes is leading to aggressive discounts, as well as from flash storage providers. Shares have been pressured by concerns about competition and IT spending, as well as OEM partner Xyratex's struggles.