Baird Downgrades NetApp (NTAP) to Neutral
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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
BMO 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): Cutting OpEx Is Not Enough - Susquehanna
February 18, 2016 7:15 AM ESTSusquehanna 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) 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
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
