Brean Capital Maintains a Hold Rating on NetApp (NTAP) Following 6c EPS Beat

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Go back to Brean Capital Maintains a Hold Rating on NetApp (NTAP) Following 6c EPS Beat

NetApp Reports First Quarter of Fiscal Year 2016 Results

August 19, 2015 4:01 PM EDT

SUNNYVALE, CA -- (Marketwired) -- 08/19/15 -- NetApp (NASDAQ: NTAP)

NetApp clustered Data ONTAP node shipments increased 114% year-over-year; 13th consecutive quarter of triple-digit growth. All Flash FAS units grew 137% year-over-year; 5th consecutive quarter of triple-digit growth. $484 million returned to shareholders in share repurchases and cash dividends.

NetApp (NASDAQ: NTAP) today reported financial results for the first quarter of fiscal year 2016, ended July 31, 2015.

First Quarter Financial Results Net revenues for the first quarter of fiscal year 2016 were $1.34 billion.... More