NTAP closeing in on 52w low

Discussion in 'Stocks' started by JimBob56, Jun 3, 2007.

  1. JimBob56


    Anybody working with Network Appliance?? It has tanked 20% since earnings report. It's earnings income was as predicted but it did report that they were expecting a 6 to 7% drop in revenue for the fourth quarter. Is this enough to warrant a 20% drop in stock price?. It does have a 40x earnings stock price. Is there news out there that I'm not seeing?:confused: