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

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

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

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

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

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

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

NetApp (NTAP) PT Lowered to $25 at Piper Jaffray

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

Baird Downgrades NetApp (NTAP) to Neutral

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

After-Hours Stock Movers 02/17: (NVDA) (SNPS) (ICPT) Higher; (JACK) (ARRS) (CF) Lower (more...)

February 17, 2016 6:10 PM EST

Jack in the Box (NASDAQ: JACK) 19.4% LOWER; reported Q1 EPS of $0.93, $0.10 worse than the analyst estimate of $1.03. Revenue for the quarter came in at $470.8 million versus the consensus estimate of $475.49 million. Jack in the Box system same-store sales increased 1.4 percent for the quarter. Company same-store sales increased 0.5 percent, with average check up 3.4 percent.

NVIDIA (NASDAQ: NVDA) 7.2% HIGHER; reported Q4 EPS of $0.52, $0.09 better than the analyst estimate of $0.43. Revenue for the quarter came in at $1.4 billion versus the consensus... More

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

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

NetApp revenue misses estimates; to cut jobs

February 17, 2016 4:10 PM EST

(Reuters) - NetApp Inc (NASDAQ: NTAP), a data storage equipment maker, reported lower-than-expected quarterly revenue, hurt by weak demand for its storage products, and said it would cut about 12 percent of its workforce.

Shares of the company, which also forecast fourth-quarter earnings well below... 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 EST

NetApp (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

Trading Radar for 2/17: Marriott (MAR), NVIDIA (NVDA), Priceline (PCLN), Barrick Gold (ABX), Albemarle (ALB) Report

February 16, 2016 3:29 PM EST

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EST

PPI - Street sees (0.2%)Core PPI - Street sees 0.0%Housing Starts - Street sees 1.171MBuilding Permits - Street sees 1.200M

9:15am EST

Industrial Production - Street sees 0.3%Capacity Utilization - Street sees 76.6%

Earnings:

AMAG Pharma (Nasdaq: AMAG) - consensus EPS $1.16
Albany Molecular Research (Nasdaq: AMRI) - consensus EPS $0.36... More