Barclays At NetApp's (NTAP) Analyst Day: Near-Term Negatives, Long-Term Positives
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Price: $37.84 -1.61%
Rating Summary:
17 Buy, 22 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
17 Buy, 22 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade NTAP Now!
Barclays maintains an 'Equalweight' on NetApp (NASDAQ: NTAP) price target of $34.00.
Analyst, Ben A. Reitzes, commented on the Company's recent Analyst Day, seeing some near-term negatives, but overall long-term positive. Reitzes says the near-term is quite weak (NTAP recently lowered Q1 guidance). Longer term, NTAP still sees double digit operating margins, revenue growth and $3.00+ EPS range in three years. All in, ith growing competition and a cautious macro environment, Reitzes recommends staying on the sidelines.
Barclays FY13 EPS estimate at $2.00, FY14 is $2.22, FY15 at $2.46.
For an analyst ratings summary and ratings history on NetApp click here. For more ratings news on NetApp click here.
Shares of NetApp closed at $29.66 yesterday, with a 52 week range of $27.79-$54.57.
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Analyst, Ben A. Reitzes, commented on the Company's recent Analyst Day, seeing some near-term negatives, but overall long-term positive. Reitzes says the near-term is quite weak (NTAP recently lowered Q1 guidance). Longer term, NTAP still sees double digit operating margins, revenue growth and $3.00+ EPS range in three years. All in, ith growing competition and a cautious macro environment, Reitzes recommends staying on the sidelines.
Barclays FY13 EPS estimate at $2.00, FY14 is $2.22, FY15 at $2.46.
For an analyst ratings summary and ratings history on NetApp click here. For more ratings news on NetApp click here.
Shares of NetApp closed at $29.66 yesterday, with a 52 week range of $27.79-$54.57.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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