Market capitalization is an important data point for investors to keep an eye on, for various reasons. The most basic reason is that it gives a true comparison of the value attributed by the stock market to a given company's stock.
In a research note released to the investors, Standpoint Research upgrades its rating on NetApp Inc. (NASDAQ:NTAP). Investors must note that the brokerage house has a Buy rating on the shares of the company.
But making NetApp, Inc. an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of NTAP entered into oversold territory, changing hands as low as $38.23 per share.