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

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

NetApp Reports Third Quarter Fiscal Year 2016 Results

February 17, 2016 4:01 PM EST

SUNNYVALE, 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 company

NetApp (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