NetApp initiated with a Perform at Oppenheimer

Oppenheimer initiated coverage of NetApp (NTAP) with a Perform rating and no price target NetApp is a leading provider of data storage solutions, with the ability to continue gaining share in all-flash-arrays solutions from competitors such as Dell and HP Enterprise, the analyst tells investors in a research note. However, the firm says it is still “early days” for the company’s evolution to a storage-as-a-service provider, which creates execution and operating risk.