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Fly News Breaks for May 22, 2015
NTAP
May 22, 2015 | 09:17 EDT
As noted earlier, Argus downgraded NetApp to Hold from Buy. The firm says the company's branded business which accounts for more than 90% of its business is deteriorating. Argus says the comp[any's failure to anticipate and communicate the disruption surrounding its linchpin technology, Clustered Data ONTAP, is equally unsettling, while its implied guidance is very weak.
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