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Stock impact report

Why NetApp (NTAP) Stock Is Down Today [Yahoo! Finance]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
Company Research Source: Yahoo! Finance
The firm reduced its price forecast for NetApp to $89 from $117. The downgrade reflected the view that Wall Street's estimates for the company were too high. Morgan Stanley pointed to reduced enterprise budgets for storage hardware and rising memory costs as key factors. These trends were expected to lead to a slowdown in revenue and a contraction in margins for NetApp in its 2027 fiscal year. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy NetApp? Access our full analysis report here, it's free NetApp's shares are not very volatile and have only had 7 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. The biggest move we wrote about over the last year was 10 months ago when the stock dropped 5.7% on the news that stoc Show less Read more
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