NetApp Reports Fourth Quarter and Fiscal Year 2015 Results
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Argus Downgrades NetApp (NTAP) to Hold
May 22, 2015 8:04 AM EDTArgus downgraded NetApp (NASDAQ: NTAP) from Buy to Hold.
"Our downgrade is based on the deteriorating performance of the companys branded business, which accounts for more than 90% of sales," the analyst said.
"In a troubling sign, NetApp called out its... More
NetApp's (NTAP) Price Target Reduced to $33 at FBN
May 21, 2015 11:37 AM EDTFBN Securities maintained a Sector Perform rating on NetApp (NASDAQ: NTAP) price and lowered its price target to $33.00 (from $38.00). Analyst Shebly Seyrafi noted that clustered ONTAP disruption and other factors are hurting near-term results.
Seyrafi explained, "The company is pointing to two key factors that explain the reported and guided weakness: disruption from the movement to cloud and disruption from... More
Jefferies Maintains Hold Rating on NetApp (NTAP) Following 4Q Results and 1Q Guidance
May 21, 2015 10:00 AM EDTJefferies maintains a Hold rating on NetApp (NASDAQ: NTAP), and lowered the price target to $32.00 (from $37.00), following FQ4 results. NTAP reported revenue of
$1.54B, below the Street's $1.59B estimate. Q4 EPS totaled $0.65, missing Street's estimate of $0.72.
Analyst James Kisner commented on NTAP, saying, "NetApp reported weaker-than-expected FQ4 (April) results and provided even weaker FQ1 (July) guidance. Management blamed product transition issues... More
Piper Jaffray Remains Neutral on NetApp (NTAP) Following Second Consecutive Miss
May 21, 2015 9:10 AM EDTPiper Jaffray maintains a Neutral rating on NetApp (NASDAQ: NTAP), and lowered the price target to $34.00 (from $36.00), following Q4 miss. NTAP reported revenue of $1.54B, compared to consensus of $1.59B. EPS was $0.65, compared to the company's guidance of $0.70-$0.79. Management says that issues are not related to product.
Analyst Andrew... More
Cantor Fitzgerald Downgrades NetApp (NTAP) to Hold; Secular Challenge and Execution Issues
May 21, 2015 7:53 AM EDTCantor Fitzgerald downgraded NetApp (NASDAQ: NTAP) from Buy to Hold with a price target of $35.00 (from $43.00) following weak Q4 and outlook. The firm cited transition and execution issues and secular challenges.
Analyst Brian White commented, "Last night, NetApp reported weak 4Q:FY15 results and a 1Q:FY16 outlook... More
Needham & Company Downgrades NetApp (NTAP) to Hold Post Q4; 'Worst Conference Calls in Years'
May 21, 2015 7:38 AM EDTNeedham & Company downgraded NetApp (NASDAQ: NTAP) from Buy to Hold following weak Q4 and the "worst" conference calls in years.
Analyst Richard Kugele commented, "In what was easily one of the worst conference calls we have heard in years, NTAP... More
Summit Research Downgrades NetApp (NTAP) to Hold
May 21, 2015 6:58 AM EDTSummit Research downgraded NetApp (NASDAQ: NTAP) from Buy to Hold with a price target of $32.00 following another miss.
Analyst Srini Nandury commented, "We are downgrading NTAP to HOLD following yet another disappointing quarter and worse than expected guidance. NTAP not only missed the estimates as we had predicted but also lowered the outlook for the full year. We also predicted that the GM... More
JPMorgan Downgrades NetApp (NTAP) to Underweight
May 21, 2015 6:40 AM EDTJPMorgan downgraded NetApp (NASDAQ: NTAP) from Neutral to Underweight with a price target of $29.00 (from $35.00).
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 $35.33 yesterday.
... MoreNetApp (NTAP) Raises Quarterly Dividend 9.1% to $0.18; 2% Yield
May 20, 2015 4:13 PM EDTNetApp (NASDAQ: NTAP) declared a quarterly dividend of $0.18 per share, or $0.72 annualized. This is a 9.1% increase from the prior dividend of $0.165.
The dividend will be payable on July 23, 2015, to stockholders of record on July 10, 2015, with an ex-dividend date of July 8,... More
NetApp (NTAP) Misses Q4 EPS by 7c, Q1 Guidance Misses
May 20, 2015 4:11 PM EDTNetApp (NASDAQ: NTAP) reported Q4 EPS of $0.65, $0.07 worse than the analyst estimate of $0.72. Revenue for the quarter came in at $1.54 billion versus the consensus estimate of $1.59 billion.
NetApp sees Q1 2016 EPS of $0.20-$0.25, versus the consensus of $0.60. NetApp sees Q1 2016 revenue of $1.275-1.375... More
