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Network Appliance Hit on Goldman Downgrade

Updated from 9:06 a.m. EST

Getting slammed to the deck this morning is

Network Appliance

(NTAP) - Get NetApp, Inc. (NTAP) Report

. It was recently losing 13.7% to $63.50 after the storage hardware company was downgraded to market outperformer by

TheStreet Recommends

Goldman Sachs

.

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.