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NetApp (NTAP) Could See Marginal Upside, But EMC (EMC) Still Preferred - Lazard

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NetApp (NTAP) Tops Q4 EPS by 1c; Boosts Buyback, Plans Job Cuts, Initiates Dividend

May 21, 2013 4:02 PM EDT

(Updated - May 21, 2013 4:04 PM EDT)

NetApp, Inc. (NASDAQ: NTAP) reported Q4 EPS of $0.69, $0.01 better than the analyst estimate of $0.68. Revenue for the quarter came in at $1.72 billion versus the consensus estimate of $1.76 billion.

The company sees Q114 revs of $1.475 billion to $1.575 billion and non-GAAP EPS of $0.45 - $0.50. The Street sees revs of $1.6 billion and EPS of $0.53.... More