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Fly News Breaks for March 23, 2015
NMBL, NTAP
Mar 23, 2015 | 06:37 EDT
Piper Jaffray downgraded NetApp (NTAP) to Neutral saying the company is facing competitive pressure from next-gen storage vendors and public cloud providers. Its channel checks indicate (NMBL), Tintri, Tegile, Pure Storage and Nutanix are making inroads into NetApp's installed base. Piper cut its price target for shares to $36 from $42.
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