Wells Fargo Securities Reiterates on Netapp on Nice Execution In A Tough Environment

In a report published Thursday, Wells Fargo Securities analyst Maynard Um reiterated a Market Perform rating on NetApp (NASDAQ: NTAP ). In the report, Wells Fargo Securities noted, “FQ2 revenue of $1.55B was below our estimate of $1.64B (Street: $1.60B) mainly due to softness in the U.S. Federal segment (though