Wednesday, February 22, 2012

Investopedia: NetApp Puts Some Fears To Rest

The outlook for enterprise IT in 2012 is still uncertain, but one thing that does seem more certain is that the demand for enterprise data storage capacity is only going to increase. While data gets more crowded, NetApp (Nasdaq:NTAP) has established itself as a strong and solid No. 2 player in this growth market and investors can still count this as a name worthy of consideration.

Third Quarter Broadly In Line  
NetApp's financial results for its fiscal third quarter were broadly in line with analyst expectations. Revenue rose 21% as reported, with sequential growth of 4% and year-over-year organic growth of 5%. While the United States public sector revenue was down 7%, U.S. enterprise was up 30%.

Read the full piece here:
http://stocks.investopedia.com/stock-analysis/2012/NetApp-Puts-Some-Fears-To-Rest-NTAP-EMC-HPQ-IBM0222.aspx

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