Wedbush Reaffirms Their Hold Rating on NetApp (NTAP)
In a report released today, from Wedbush maintained a Hold rating on NetApp, with a price target of $115.00.
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In addition to Wedbush, NetApp also received a Hold from Bank of America Securities’s Wamsi Mohan in a report issued on February 22. However, on February 23, J.P. Morgan maintained a Buy rating on NetApp (NASDAQ: NTAP).
Based on NetApp’s latest earnings release for the quarter ending October 24, the company reported a quarterly revenue of $1.71 billion and a net profit of $305 million. In comparison, last year the company earned a revenue of $1.66 billion and had a net profit of $299 million
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