NetApp (NTAP) Raises Quarterly Dividend 9.1% to $0.18; 2% Yield
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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
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
