NetApp Reports Third Quarter Fiscal Year 2016 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/24/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Needham Starts NeoVolta (NEOV) at Buy
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
Deutsche Bank Cuts Price Target After NetApp (NTAP) Reports Mixed Results and Weak Guidance
February 18, 2016 9:38 AM ESTDeutsche Bank reiterated a Hold rating on NetApp (NASDAQ: NTAP), and cut the price target to $22.00 (from $25.00), following the company's 3Q earnings report. NTAP reported lower-than-expected sales of $1.39B vs. Consensus at $1.45B, but EPS of $0.70 beat the Street at $0.68 on lower-than-expected expenses and taxes. Management... More
Drexel Hamilton Reiterates Hold Following NetApp's (NTAP) Mixed 3Q
February 18, 2016 9:05 AM ESTDrexel Hamilton reiterated a Hold rating on NetApp (NASDAQ: NTAP), and cut the price target to $24.50 (from $27.00), following the company's 3Q earnings report. NetApp reported 3Q:FY16 sales of $1.39 billion that missed the Street's estimate at $1.45 billion, while pro forma EPS of $0.70 beat the Street's... More
Monness, Crespi, Hardt Upgrades NetApp (NTAP) to Neutral
February 18, 2016 8:42 AM ESTMonness, Crespi, Hardt upgraded NetApp (NASDAQ: NTAP) from Sell to Neutral.
For an analyst ratings summary and ratings history on NetApp click here. For more ratings news on NetApp click here.
Shares of NetApp closed at $23.55 yesterday.
... MoreBMO Capital Cuts Price Target on NetApp (NTAP) Following Mixed 3Q Results
February 18, 2016 8:13 AM ESTBMO Capital maintained a Market Perform rating on NetApp (NASDAQ: NTAP), and cut the price target to $24.00 (from $32.00), following the company's 3Q earnings report. NetApp reported mixed results, with revenues missing expectations, but with better margins. Revenues of $1,386 million declined 4% q-q and 10% y-y and were below BMO's $1,463 million estimate and... More
NetApp (NTAP) PT Lowered to $25 at Piper Jaffray
February 18, 2016 7:02 AM ESTPiper Jaffray analyst Andrew Nowinski reiterated a Neutral rating and cut his price target on NetApp (NASDAQ: NTAP) to $25.00 (from $27.00) following mixed Q3 results.
Nowinski commented, "NetApp reported mixed results, with revenue missing the low-end of guidance, but margin and EPS exceeding... More
Baird Downgrades NetApp (NTAP) to Neutral
February 18, 2016 6:29 AM ESTBaird downgraded NetApp (NASDAQ: NTAP) from Outperform to Neutral with a price target of $27.00 (from $35.00) following a mixed quarter and soft guidance.
Analyst Jayson Noland commented, "We do believe NetApp is showing progress, but a challenging macro plus an incrementally competitive... More
NetApp (NTAP) Declares $0.18 Quarterly Dividend; 3.1% Yield
February 17, 2016 4:58 PM ESTNetApp (NASDAQ: NTAP) declared a quarterly dividend of $0.18 per share, or $0.72 annualized.
The dividend will be payable on April 27, 2016, to stockholders of record on April 8, 2016, with an ex-dividend date of April 6, 2016.
The annual yield on the dividend is 3.1 percent.
For a... More
NetApp (NTAP) Tops Q3 EPS by 2c, Sales Miss; Guides Q4 Below the Street, Cut 12% of Workforce
February 17, 2016 4:02 PM ESTNetApp (NASDAQ: NTAP) reported Q3 EPS of $0.70, $0.02 better than the analyst estimate of $0.68. Revenue for the quarter came in at $1.39 billion versus the consensus estimate of $1.45 billion.
GUIDANCE:
NetApp sees Q4 2016 EPS of $0.55-$0.60, versus the consensus of $0.73. NetApp sees Q4 2016 revenue of $1.35-1.5 billion, versus... More
