NetApp profit beats estimates as cost cuts, cloud focus pay off
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Susquehanna Estimates Market Cap Loss Following Nimble Storage's (NMBL) Revenue Miss and Guidance; Cuts Price Target to $20
November 20, 2015 8:48 AM ESTSusquehanna maintained a Positive rating on Nimble Storage (NYSE: NMBL), and cut the price target to $20.00 (from $35.00), following the company's 3Q earnings report. Based on after-hours trading, Susquehanna estimates NMBL will lose >$600M of market... More
Nimble Storage (NMBL) Reports Miss Driven by Competitive Dynamics; Summit Research Cuts Price Target to $22
November 20, 2015 8:27 AM ESTSummit Research maintained a Buy rating on Nimble Storage (NYSE: NMBL), and cut the price target to $22.00 (from $40.00), following the company's 3Q earnings report. Nimble reported numbers that were well below both guidance and consensus. The miss was driven by incumbent price competition in the enterprise segment and prior lower investment in the commercial segment leading to its slower growth. Based on conversations with the companys management on why the company insists on investing in the enterprise, the company noted that for every dollar in the initial revenue, repeat revenue will be in... More
Needham & Company Expects F17 to be Rebuliding Year for Nimble Storage (NMBL); Cuts Price Target to $17
November 20, 2015 6:54 AM ESTNeedham & Company maintained a Buy rating on Nimble Storage (NYSE: NMBL), and cut the price target to $17.00 (from $32.00), NMBL posted revenue of $80.7M and loss of $0.14, well below guidance for $86-88M and a loss of $0.08-0.09 per share. Consensus was $87.5M, with an EPS loss of $0.08. Needham... More
Needham & Company Reiterates Hold on NetApp (NTAP) Following 2Q EPS Beat
November 19, 2015 7:05 AM ESTNeedham & Company reiterated a Hold rating on NetApp (NASDAQ: NTAP) following the company's 2Q16 earnings report. NTAP reported revenue of $1.45B, roughly in line with consensus ($1.43B), and EPS of $0.61 above the Streets $0.57. Guidance was revenue of $1.40-1.50B and EPS of... More
