- NetApp: Rating to Hold from Strong Buy, his target drops to $46, from $58. “The current sales environment is far weaker than our prior outlook, and we believe that conditions will get worse given the uncertainties about sovereign debt issues,” Yin writes.
Pacific Crest hit a broad spectrum of companies
- Acme Packet, Cisco, EMC, Meru Networks and Riverbed: to Sector perform from Outperform.
- Brocade, Emulex, Hewlett-Packard: to Underperform from Sector Perform.
As I type
Out of a pool of some 2000 stocks in the datebase of companies over $300M market cap, average volume 200K, stock price over $10 - these are 4 of the worst 5!
JDSU (optical networking) is near there too at -13%, after a poor outlook.