NetApp revenue misses estimates; to cut jobs

Deutsche Bank Cuts Price Target After NetApp (NTAP) Reports Mixed Results and Weak Guidance

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

Drexel Hamilton Reiterates Hold Following NetApp's (NTAP) Mixed 3Q

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

BMO Capital Cuts Price Target on NetApp (NTAP) Following Mixed 3Q Results

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

NetApp (NTAP): Cutting OpEx Is Not Enough - Susquehanna

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

NetApp (NTAP) Declares $0.18 Quarterly Dividend; 3.1% Yield

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