NEW YORK ( TheStreet) -- It doesn't take much for an already finicky group of investors to hop off a tech company's bandwagon, especially when that company is entrenched behind a market leader that can presumably do no wrong. This seems to be what has happened to NetApp (NTAP - Get Report), whose stock has been down as much as 5% since the company reported fiscal first-quarter earnings.While I won't deny that NetApp's fight for market share against rival EMC (EMC) in the enterprise storage space has been a struggle, it's not as if NetApp hasn't been making meaningful dents. EMC remains the undisputed leader, yes. But in the process, not only has NetApp steadily built its storage/cloud capabilities, but the company has also bloodied the noses of less formidable storage rivals like IBM (IBM), Dell (DELL) and Hewlett-Packard (HPQ) - all of which have essentially fallen off the grid in realm of Big Data.
NetApp's Still Heading to $50
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