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Fly News Breaks for May 24, 2018
NTAP
May 24, 2018 | 07:00 EDT
Barclays analyst Mark Moskowitz recommends investors be opportunistic if there is a negative stock price reaction to NetApp's April quarter results or the outlook. Despite tougher comps, NetApp continues to deliver mid-single-digit revenue growth, stable margin and generate strong cash flow, Moskowitz tells investors in a post-earnings research note. He thinks the July quarter guidance is "good enough" and reiterates an Overweight rating on the shares with a $72 price target.
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