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Fly News Breaks for November 17, 2016
NTAP
Nov 17, 2016 | 07:14 EDT
Brean Capital analyst Ananda Baruah noted NetApp reported Q3 earnings which missed the Street's estimates but gave guidance for Q4 well above expectations. The analyst believes if the turnaround at the company is real, the shares could move higher. Baruah said the company needs to continue to execute and to continue to focus on generating strategic category momentum by leading secular shifts in IT. Baruah maintained his Hold rating on NetApp shares.
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