NetApp Inc reported better-than-expected first-quarter profit as businesses spent more to replace their ageing storage equipment. Increased sales of products sold under the NetApp brand assuaged some investors’ concerns that the company was losing business to newer and cheaper flash-based storage technology vendors such as Nimble Storage Inc and Pure Storage. “What’s different (this quarter) […]

NetApp Inc reported better-than-expected first-quarter profit as businesses spent more to replace their ageing storage equipment. Increased sales of products sold under the NetApp brand assuaged some investors’ concerns that the company was losing business to newer and cheaper flash-based storage technology vendors such as Nimble Storage Inc and Pure Storage. “What’s different (this quarter) […]

(Reuters) – U.S. data storage specialist NetApp could return to $50 a share in the coming year on solid cash flows and signs its revenues might grow again, Barron’s said in its latest edition published on Sunday. Its cash flow after subtracting it on its balance sheet is equivalent to 14 percent of its stock […]