NetApp (NTAP) Tops Q3 EPS by 2c, Sales Miss; Guides Q4 Below the Street, Cut 12% of Workforce
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Go back to NetApp (NTAP) Tops Q3 EPS by 2c, Sales Miss; Guides Q4 Below the Street, Cut 12% of Workforce
February 18, 2016 9:38 AM EST
Deutsche 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
February 18, 2016 9:05 AM EST
Drexel 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
February 18, 2016 8:42 AM EST
Monness, 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.
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February 18, 2016 8:13 AM EST
BMO 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
February 18, 2016 7:15 AM EST
Susquehanna analyst, Mehdi Hosseini, needs increased confidence that by FY18 NetApp's (NASDAQ: NTAP) mature portfolio will bottom out and strategic solutions (ONTAP C-mode, All Flash Array, E-Series) will be large enough to drive the revenue growth of the company. No change to... More
February 18, 2016 7:02 AM EST
Piper 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
February 18, 2016 6:29 AM EST
Baird 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
February 17, 2016 4:58 PM EST
NetApp (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
