Credit Suisse Says Buy Apple, EMC, and NetApp
Stock analysts are taking advantage of Apple‘s (NASDAQ:AAPL) release of the iPhone 5 tomorrow to make their bullish case for the stock. The latest is Credit Suisse (NYSE:CS), which argues that its product mix is competitive and that its long-term earnings per share potential is $50. Analysts also view EMC (NYSE:EMC) and NetApp (NASDAQ:NTAP) favorably.
Following is some information about these companies’ stock price performance:
- Apple (NASDAQ:AAPL): The shares recently traded at $375.08, down $6.24, or 1.62%, on the day. The shares have traded in a 52-week range of $277.77 to $422.86 and its market capitalization is $347.87 billion. About the company: Apple, Inc. designs, manufactures, and markets personal computers and related personal computing and mobile communications devices along with a variety of related software, services, peripherals, and networking solutions. The Company sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers.
- EMC (NYSE:EMC): The shares recently traded at $20.47, down $0.51, or 2.43%, on the day. The shares have traded in a 52-week range of $19.39 to $28.73 and its market capitalization is $42.27 billion. About the company: EMC Corporation provides enterprise storage systems, software, networks, and services. The Company’s products store, retrieve, manage, protect, and share information from all major computing environments and mainframe platforms. EMC operates offices around the world.
- NetApp (NASDAQ:NTAP): The shares recently traded at $33.81, down $0.12, or 0.41%, on the day. The shares have traded in a 52-week range of $33.32 to $61.02 and its market capitalization is $12.44 billion. About the company: NetApp, Inc. provides storage and data management solutions. The Company’s storage solutions include specialized hardware, software, and services that provide storage management for open network environments. NetApp serves enterprises, government agencies, and universities worldwide.
Improve Your 2011 Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter>>