Updated from 9:06 a.m. EST
Getting slammed to the deck this morning is
. It was recently losing 13.7% to $63.50 after the storage hardware company was downgraded to market outperformer by
In addition to the downgrade, Goldman analyst Laura Conigliaro dropped the company from her firm's list of stocks it recommends to purchase. Her note this morning did not give a reason for the downgrade.
Network Appliance is expected to earn 10 cents a share, according to the 19-broker
First Call/Thomson Financial
consensus. It reports fiscal third quarter earnings the week of Feb. 15.