NetApp shares may climb to $50: Barron's

(Reuters) - U.S. data storage specialist NetApp could return to $50 a share in the coming year on solid cash flows and signs its revenues might grow again, Barron's said in its latest edition published on Sunday. Its cash flow after subtracting it on its balance sheet is equivalent to 14 percent of its stock market value. As for improved demand for NetApp's products, part of it could come from FlashRay, a new flash-based storage system set to launch in late 2014, the paper said. NetApp has also overhauled its Data Ontap operating system which protects and manages data at both its customers' data centers and cloud vendors such as Amazon, it said.



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