NetApp (NTAP) Competitors to Benefit from Company Woes, Needham & Company Says
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EMC Corp. (EMC) Declares $0.115 Quarterly Dividend; 1.7% Yield
May 22, 2015 8:31 AM EDTEMC Corp. (NYSE: EMC) declared a quarterly dividend of $0.115 per share, or $0.46 annualized.
The dividend will be payable on July 23, 2015, to stockholders of record on July 1, 2015, with an ex-dividend date of June 29, 2015.
The annual yield on the dividend is 1.7... More
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
