NetApp (NTAP): Expectations Are High Heading Into Earnings, Reit Neutral - Goldman Sachs

Goldman Sachs analyst, Rod Hall, reiterated his Neutral rating on shares of NetApp (NASDAQ: NTAP) ahead of earnings where investor expectations are likely to be high after reports of solid enterprise spending trends and ultra-strong C1Q18 storage industry data.

The analyst stated "Our 2Q18 VAR survey indicated that NetApp continues to be the best performing storage vendor in a resilient storage market, but Dell EMC appears to be getting even more aggressive on pricing. We expect the focus on the call to be on the competitive environment, NAND pricing, NetApp’s All-flash momentum and its cloud
file storage service opportunity".

No change to the price target of $63.

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 $81.95 yesterday.

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