UPDATE: Susquehanna Upgrades NetApp (NTAP) to Positive
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FBN Securities Raises Price Target on NetApp (NTAP) Following Solid 1Q Report
August 18, 2016 2:13 PM EDTFBN Securities reiterated a Sector Perform rating on NetApp (NASDAQ: NTAP), and raised the price target to $35.00 (from $27.00), following the company's 1Q earnings report. NTAP reported revenue of $1.29B, above the consensus of $1.26B. NG EPS of $.46 was also above consensus of $.36.... More
RBC Capital Raises Price Target on NetApp (NTAP) to $32 Following 1Q Beat
August 18, 2016 8:53 AM EDTRBC Capital reiterated a Sector Perform rating on NetApp (NASDAQ: NTAP), and raised the price target to $32.00 (from $29.00), following the company's 1Q earnings report. NetApp posted revenue of $1.29B and non-GAAP EPS of $0.46 vs. consensus expectations of $1.26B/$0.36.
Analyst Amit Daryanani commented, "NTAP's positive Jul-qtr print/in-line Octqtr guide... More
Wells Fargo Remains Sidelined on NetApp (NTAP) Following Solid 1Q Results
August 18, 2016 8:34 AM EDTWells Fargo reiterated a Market Perform rating on NetApp (NASDAQ: NTAP) following the company's 1Q earnings report. Revenues of $1.29B were above the Street's $1.26B estimate due to higher product revenues, particularly mature product revenues vs estimates. EPS of $0.46 was above also above the Street's estimate ($0.36) due to higher revenues and lower G&A expense.
Analyst Maynard Um commented, "NTAP reported a good quarter with upside... More
NetApp (NTAP): Good Quarter, Raising PT - Jefferies
August 18, 2016 7:11 AM EDTJefferies analyst, James Kisner, reiterated his Hold rating on shares of NetApp (NASDAQ: NTAP) and raised his price target to $29.00 (from $24.00).
NetApp printed a solid Q1 beat driven by modest revenue upside and good expense control. Guidance was in line and the analyst... More
JPMorgan Upgrades NetApp (NTAP) to Neutral
August 18, 2016 6:44 AM EDTJPMorgan upgraded NetApp (NASDAQ: NTAP) from Underweight to Neutral with a price target of $31.00 (from $17.00).
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 $28.85 yesterday.
... MoreWilliam Blair Says NetApp (NTAP) Getting Less Worse, But Still has Ways to Go
August 18, 2016 6:15 AM EDTWilliam Blair affirms NetApp (Nasdaq: NTAP) with an Underperform rating following Q2 results issued Wednesday night.
Analyst Jason Alder commented today, NetApp topped consensus on the top and bottom lines by $33.6 million and $0.10, respectively, and guided the fiscal second quarter roughly in line with consensus, despite a constrained macro and IT spending environment. Management... More
NetApp (NTAP) Tops Q1 EPS by 10c; Issues Q2 Outlook
August 17, 2016 4:03 PM EDTNetApp (NASDAQ: NTAP) reported Q1 EPS of $0.46, $0.10 better than the analyst estimate of $0.36. Revenue for the quarter came in at $1.29 billion versus the consensus estimate of $1.26 billion.
GUIDANCE:
NetApp sees Q2 2017 EPS of $0.51-$0.56, versus the consensus of $0.55. NetApp sees Q2... More
