Baird Downgrades NetApp (NTAP) to Neutral
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NetApp Reports Third Quarter Fiscal Year 2016 Results
February 17, 2016 4:01 PM ESTSUNNYVALE, CA -- (Marketwired) -- 02/17/16 -- NetApp (NASDAQ: NTAP)
Announced acquisition of SolidFire" NetApp" clustered Data ONTAP" node shipments increased 69% year over year Free cash flow of $314 million dollars; 23% of net revenues Initiated transformation program to reduce cost structure of the companyNetApp (NASDAQ: NTAP) today reported financial results for the third quarter of fiscal year 2016, ended January 29, 2016.
Third Quarter Financial Results Net revenues for the third quarter of fiscal year 2016 were $1.39 billion. GAAP net income... More
