Barclays At NetApp's (NTAP) Analyst Day: Near-Term Negatives, Long-Term Positives
Tweet Send to a FriendGet Alerts NTAP Hot Sheet
Price: $36.45 -1.19%
Rating Summary:
17 Buy, 21 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
17 Buy, 21 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
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.
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
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
You May Also Be Interested In
- Needham & Company Lifts Numbers on Marvell (MRVL) on Solid Results
- Wells Fargo Boosts Price Target on Pandora (P), Maintains Outperform
- Jefferies Lifts Numbers on Diana Shipping (DSX) Post Q1
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS ViewRelated Entities
Barclays
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
