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Fly News Breaks for November 17, 2016
NTAP
Nov 17, 2016 | 07:31 EDT
Deutsche Bank analyst Sherri Scribner attributes NetApp's earnings beat in Q2 to "good execution on the expense side" amid continued cost cutting. This overshadowed the secular headwinds facing the company, and its sales guidance seems optimistic, Scribner tells investors in a post-earnings research note. She continues to lack conviction that NetApp will be able to return to growth in FY18. The analyst keeps a Sell rating on the shares with a $25 price target.
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