Network Appliance (NTAP)

[NeuroticTrader1]

Cloud-computing plays took a similar hit in October when Equinix Inc. (EQIX)--a telecommunications company that offers hosting services for networks and Internet connectivity--trimmed its third-quarter and full-year revenue targets.

If you look at the charts for EBIX and NTAP on the day EBIX made it's announcement (October 6th 2010) you will see that NTAP was also effected by paniced investors as the days price plumeted settling at $47.70 close, and then resumed its climb toward the recent high of $59.79. Although it is amazing to me how investors could panic on NTAP by F5's earnings report is beyond me, but NTAP is projected to see solid growth through 2011. I suspect the ride will not peak until mid summer.