UPDATE - Barclays Upgrades NetApp (NTAP) to Overweight; Can't Ignore Momentum in the Cloud, Even Up Here

December 13, 2010 1:29 PM EST
Get Alerts NTAP Hot Sheet
Price: $36.37 +1.51%

Rating Summary:
    10 Buy, 35 Hold, 11 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
Trade NTAP Now!
Join SI Premium – FREE
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.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories


Related Entities


Add Your Comment