NetApp (NTAP) +1% after receiving an upgrade to Buy from Brean Capital just a day ahead of its...

|By:, SA News Editor

NetApp (NTAP) +1% after receiving an upgrade to Buy from Brean Capital just a day ahead of its FQ3 report. "We believe business, product, and customer momentum is shifting to the positive," says analyst Ananda Baruah. He expects calendar 2013 EPS of $2.50-$2.70, soundly above a consensus of $2.39. NetApp has rallied a bit in recent weeks, but remains well below early 2011 levels.