NetApp Reports First Quarter of Fiscal Year 2016 Results
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August 20, 2015 10:52 AM EDT
Deutsche Bank reiterated a Hold rating on NetApp (NASDAQ: NTAP), and raised the price target to $32.00 (from $30.00), following the company's 1Q16 earnings results. NTAP reported EPS of $0.29 beat the consensus estimates of $0.23. Revenue of $1.34B came in above the consensus of $1.32B. Management... More
August 20, 2015 8:13 AM EDT
Brean Capital maintained a Hold rating on NetApp (NASDAQ: NTAP) following the company's 1Q16 earnings company. NTAP reported revenue of $1.34B, coming in ahead of Street's $1.32B. EPS of $0.29 beat the Street estimate of $0.23. Management expects Oct Q revenue to decline to $1.47B vs. Street's estimation of 1.39B.
Analyst Ananda Baruah... More
August 20, 2015 6:15 AM EDT
RBC Capital analyst Amit Daryanani reiterated an Outperform rating and $38 price target on NetApp (NASDAQ: NTAP) following "impressive" results and guidance versus very muted expectations.
The analyst noted much of the upside came from depletion of deferred revenues (boosted software/maintenance... More
