Opinions
Ron Ianieri
Network Appliance
NTAP-Q
TOP PICK
Jul 28, 2008
Blue chip high tech with a lot of ability to make sales overseas. Technically on the charts it looks good.
$24.570
Stock price when the opinion was issued
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DON'T BUY
One of the great net workers and now data storage company. Has been in a pretty deep down trend for some time and he doesn't know why it is like that. Would be more interested if there was some buying on it and it broke the $32 - $33 level. Would stick with large caps right now.
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HOLD
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research
NTAP provides services to manage and share data on cloud and premises, and is now trading at 15x times' Forward P/E. In the last few years, growth was quite mature, in the mid-single-digit range on average. The balance sheet is strong, with net cash of $267M. The company has been paying dividends and repurchasing shares aggressively over the last few years. Based on consensus estimates, sales are expected to grow by about 3% on average going forward. Overall, a value type of name with lots of cash flow to be returned to shareholders but limited growth prospects.
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