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Jefferies Raises Price Target on NetApp (NTAP) to $38 Following 2Q and Guidance

Go back to Jefferies Raises Price Target on NetApp (NTAP) to $38 Following 2Q and Guidance

Carrenza Supports Rapidly Evolving Customer Application and Infrastructure Demands with NetApp SolidFire

November 17, 2016 8:00 AM EST

SUNNYVALE, Calif., Nov. 17, 2016 (GLOBE NEWSWIRE) -- Our customers depend on us to deliver a high-performance infrastructure that never goes down, said Matthew McGrory, Managing Director of Carrenza. No one else that we know of in the U.K. market is putting ink to paper and saying, We will give you a service credit if we dont perform to the level required. Thats how confident we are, thanks to NetApp SolidFire all-flash storage.

Based in London,... More

NetApp Reports Second Quarter Fiscal Year 2017 Results

November 16, 2016 4:01 PM EST

All flash array annualized net revenue run rate exceeded $1 billionOver 200 petabytes of flash shippedClustered Data ONTAP deployed on 86% of systems shipped$169 million returned to shareholders in share repurchases and cash dividends

SUNNYVALE, Calif., Nov. 16, 2016 (GLOBE NEWSWIRE) -- NetApp (NASDAQ: NTAP) today reported financial results for the second quarter fiscal year 2017, ended October 28, 2016.

Second Quarter Financial ResultsNet revenues for the second quarter of fiscal year 2017 were $1.34 billion. GAAP net income for the second quarter of fiscal year 2017 was $109 million, or $0.38 per share,1... More