Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Markets & Finance

Friedman Billings Upgrades Network Appliance

Friedman Billings upgrades Network Appliance (NTAP) to outperform from market perform.

Analyst Clay Sumner says his upgrade is based not on upcoming third-quarter results, but on two other principal factors. First, his industry checks and surveys, which indicate that demand for the company's primary products should increase over next three quarters.

Secondly, his belief that Hewlett Packard's mid-range storage competitive position is likely to weaken through at least in the April and July quarters. As noted earlier, he expects third-quarter results to be generally in-line.

Therefore, with no significant outperformance in the third quarter, his upgrade is based on a view of improving prospects for fiscal 2006 (ending April).

blog comments powered by Disqus