NEW YORK (TheStreet) -- Shares of NetApp Inc. (NTAP) are surging 3.97% to $36.85 as the company could return to $50.00 per share in the coming year, according to Barron's.
NetApp's solid cash flows are signs its revenues might grow again, Barron's said.
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Separately, TheStreet Ratings team rates NETAPP INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate NETAPP INC (NTAP) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow."