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Fly News Breaks for August 16, 2018
NTAP
Aug 16, 2018 | 08:06 EDT
Maxim analyst Nehal Chokshi raised his price target on NetApp to $91 and kept his Buy rating after its Q1 results, saying that he expects the company to further grow its market share with its "file-based technology advantage being ported to hyperscalers" in spite of the DELL/EMC turnaround efforts. The analyst adds that even excluding the contribution from the Enterprise License Agreements in the quarter, the product revenue growth rate was "still robust" at a 12% rate.
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