NetApp (NTAP) Raises Quarterly Dividend 9.1% to $0.18; 2% Yield
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Go back to NetApp (NTAP) Raises Quarterly Dividend 9.1% to $0.18; 2% Yield
May 21, 2015 10:00 AM EDT
Jefferies 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
May 21, 2015 9:10 AM EDT
Piper 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
May 21, 2015 7:53 AM EDT
Cantor 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
May 21, 2015 6:58 AM EDT
Summit 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
