Network Appliance Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Network Appliance

NTAP 115.78

+3.1%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: SecularBull who wrote (7044)	3/15/2001 12:42:05 PM
From: SecularBull	Read Replies (1) of 10934

JPMorgan: Network Appliance(NTAP/$21/Buy) mkt cap $7.7B Lowering estimates; valuation compelling long-term; reiterate Buy We are lowering est. below recent outlook from company in attempt to “worst case” the impact on the model of the current environ. – FQ4/01E are $300M/$0.10 (from $320M/$0.11); FY01E are $1.1B/$0.40 for (from $1.1B/$0.41), FY02E are $1.57B/$0.50 (from $1.725/$0.58); CY01E are $1.45B/$0.45 (from $1.525/$0.53) We believe networked storage providers will be among the first to see re-acceleration; current thinking is this could materialize by CQ3 We reiterate our Buy on NTAP – our favorite storage stock; we believe recent compression in valuation makes NTAP extremely attractive even off our new, conservative est.; our new 12 mo. price target is $40 (from $100)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next