NetApp (NASDAQ:NTAP)
The Company is a provider of data management solutions, which simplify the complexities of storing, managing, protecting, and archiving enterprise data.
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too high of a multiple
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will keep on the heals of emc and others...possible target for a giant!
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Seems to always get stuck and 40 and crash on days of earning no matter if good or bad
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Netapp has a terrific product, but doesn't market well and greatly overcharges. In an "enlightened" age, they would do well. But not in this one.
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seasonal stock
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Storage needs are increasing due to everything's getting digital, regulations and mixing up private and professionnal lifes. Ntap is focussed and well perceived in the market.
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I work in the IT industry. Net App's product far outweighs their competitors. It's the only truly scaleable solution that has a unified operating system across all models. EMC and Hitachi may have higher performance in some cases, but performance improves every year so manageability will win in the end. Very focused on their core competency of "data management" and they are also the best at it.
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It's a darling of Wall Street and grossly over sold as compared to it's competitors like EMC and IBM
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Network Appliance has solid management and has consistently posted increased earnings
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NTAP has a niche in distributed storage and data management solutions, which has and will continue to be a huge growing industry as the internet and enterprise customer presence extends worldwide. Strong leadership and niche in the industry with growing market share qualify NTAP as a long term extreme performance investing stock.
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While this stock is pricey and very volatile, over time the price should reflect it's outstanding growth prospects. Unless people stop creating, there will always be a need for storage. It will be a rollercoaster ride, but bottomline, this is a multibillion dollar (revenue) company that is going to grow at 30%/year for the next few years. How many other companies are like that?
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A well managed company with the most technically advanced products in their group. Continue to grow in double digits in the low 30%. At their current revenue rates they still have plenty of upside.
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Believe Ntap will bounce back from the sharp hit it recently took. Timeframe would be during the Nov/Dec bounce we usually see.
Also the better positioned tech stock are due for a bounce when the NasDaq makes it 4Q breakout
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