Raymond James Maintains Market Perform Following NetApp's (NTAP) Leadership Changes
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NetApp (NTAP) CEO Departure 'Necessary First Step', Summit Research Says; Nimble Storage (NMBL) Acquisition Makes Sense Next
June 2, 2015 6:40 AM EDTSummit Research analyst Srini Nandury weighed in on NetApp (NASDAQ: NTAP) amid news George Kurian was appointed interim CEO following the departure of Tom Georgens. Nandury said the move was a necessary first step and an acquisition is next.
"We have been calling for a sense of urgency and a wholesale change in strategy/direction for the company. Under the tenure of Tom Georgens, the company has made number of mistakes including... More
After-Hours Stock Movers 06/01: (PVH) (MTW) Higher; (ODFL) (NTAP) (MYL) Lower (more...)
June 1, 2015 5:46 PM EDTPVH Corp. (NYSE: PVH) 3.7% HIGHER; reported Q1 EPS of $1.50, $0.12 better than the analyst estimate of $1.38. Revenue for the quarter came in at $1.79 billion versus the consensus estimate of $1.86 billion. PVH Corp. sees FY2015 EPS of $6.85 - $6.95, versus the consensus of $6.86. PVH sees Q2 EPS of $1.25 - $1.30, with the Street at $1.43.
The Manitowoc Company (NYSE: MTW) 2.8% HIGHER; In a 13D filing hedge fund Glenview Capital disclosed a 7.06%, or 9,614,197 share,... More
NetApp (NTAP) CEO Tom Georgens Departes; George Kurian Named to Position
June 1, 2015 4:20 PM EDTNetApp (NASDAQ: NTAP) today announced changes to the executive leadership team and board of directors, effective immediately. George Kurian has been appointed by the board as chief executive officer and also appointed to the board of directors. Lead independent director Mike Nevens has been elected chairman of the board. These announcements follow the departure of Tom Georgens, the company's former chairman and chief executive... More
