NetApp (NTAP) Tops Q1 EPS by 10c; Issues Q2 Outlook

FBN Securities Raises Price Target on NetApp (NTAP) Following Solid 1Q Report

FBN Securities reiterated a Sector Perform rating on NetApp (NASDAQ: NTAP), and raised the price target to $35.00 (from $27.00), following the company's 1Q earnings report. NTAP reported revenue of $1.29B, above the consensus of $1.26B. NG EPS of $.46 was also above consensus of $.36.... More

RBC Capital Raises Price Target on NetApp (NTAP) to $32 Following 1Q Beat

RBC Capital reiterated a Sector Perform rating on NetApp (NASDAQ: NTAP), and raised the price target to $32.00 (from $29.00), following the company's 1Q earnings report. NetApp posted revenue of $1.29B and non-GAAP EPS of $0.46 vs. consensus expectations of $1.26B/$0.36.

Analyst Amit Daryanani commented, "NTAP's positive Jul-qtr print/in-line Octqtr guide... More

Wells Fargo Remains Sidelined on NetApp (NTAP) Following Solid 1Q Results

Wells Fargo reiterated a Market Perform rating on NetApp (NASDAQ: NTAP) following the company's 1Q earnings report. Revenues of $1.29B were above the Street's $1.26B estimate due to higher product revenues, particularly mature product revenues vs estimates. EPS of $0.46 was above also above the Street's estimate ($0.36) due to higher revenues and lower G&A expense.

Analyst Maynard Um commented, "NTAP reported a good quarter with upside... More

UPDATE: Susquehanna Upgrades NetApp (NTAP) to Positive

(Updated - August 18, 2016 8:19 AM EDT)

Susquehanna upgraded NetApp (NASDAQ: NTAP) from Neutral to Positive with a price target of $36 (from $25). Analyst Mehdi Hosseini said, following the release of Q1 results and guidance, he has confidence its ability to deliver FY18 revenue growth.

The analyst explained, "As we noted in our 8/16 preview, we outlined a case where we could get... More

JPMorgan Upgrades NetApp (NTAP) to Neutral

JPMorgan upgraded NetApp (NASDAQ: NTAP) from Underweight to Neutral with a price target of $31.00 (from $17.00).

For an analyst ratings summary and ratings history on NetApp click here. For more ratings news on NetApp click here.

Shares of NetApp closed at $28.85 yesterday.