UPDATE - Barclays Upgrades NetApp (NTAP) to Overweight; Can't Ignore Momentum in the Cloud, Even Up Here
Tweet Send to a FriendGet Alerts NTAP Hot Sheet
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!
UPDATE - Barclays upgrades NetApp (Nasdaq: NTAP) from Equalweight to Overweight. PT increased from $56 to $67.
Barclays analyst says, "Given prospects for higher revenues and more leverage, we are raising our FY11 non-GAAP EPS estimate to $2.04 (up from $2.00) based on 27% y/y revenue growth to $5.01 billion (was $4.96B). We now project 3Q11 non-GAAP EPS of $0.50 (up from $0.49) based on revenue growth of 27% y/y (and +6% q/q) to $1.28B. For full-year FY12, we now estimate non-GAAP EPS of $2.28 (was $2.24) based on 16% y/y revenue growth to $5.81B (was $5.68B). We are also introducing a non-GAAP EPS estimate for 2013 of $2.63 base on y/y revenue growth of 15% to $6.65B."
To see all upgrades/downgrades on shares of NTAP, visit our Analyst Ratings page.
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
Barclays analyst says, "Given prospects for higher revenues and more leverage, we are raising our FY11 non-GAAP EPS estimate to $2.04 (up from $2.00) based on 27% y/y revenue growth to $5.01 billion (was $4.96B). We now project 3Q11 non-GAAP EPS of $0.50 (up from $0.49) based on revenue growth of 27% y/y (and +6% q/q) to $1.28B. For full-year FY12, we now estimate non-GAAP EPS of $2.28 (was $2.24) based on 16% y/y revenue growth to $5.81B (was $5.68B). We are also introducing a non-GAAP EPS estimate for 2013 of $2.63 base on y/y revenue growth of 15% to $6.65B."
To see all upgrades/downgrades on shares of NTAP, visit our Analyst Ratings page.
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
- NetApp (NTAP) Spikes; Bloomberg Says Co. Target of Activist Elliott Management
- Streetinsider.com's Hot Lunchtime Reads 05/16: (DDD) (BP) (NTAP) (HES)
- Wells Fargo Upgrades Rosetta Resources (ROSE) to Outperform, Shares Attractive
Create E-mail Alert Related Categories
UpgradesRelated 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!
