Notable Downgrades: NetApp (NTAP), Otonomy, Inc. (OTIC), Marvell Technology (MRVL)

Analysts at Argus downgraded NetApp, Inc. (NTAP) from ‘Buy‘ to ‘Hold‘ in a research report issued to clients on Friday. On valuation measures, NetApp Inc. stock it’s trading at a forward P/E multiple of 12.66x, and at a multiple of 17.46x this year’s estimated earnings. The t-12-month revenue at NetApp Inc. is $6.23 billion. NTAP […] View the full post at: Notable Downgrades: NetApp (NTAP), Otonomy, Inc. (OTIC), Marvell Technology (MRVL) Related posts: Marvell Technology (MRVL) Has Turned the Corner NetApp Reluctant to Give Guidance Top Pre-Market Stock Upgrades/Downgrades April 27, 2010