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

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

August 18, 2016 2:13 PM EDT

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

August 18, 2016 8:53 AM EDT

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

UPDATE: Susquehanna Upgrades NetApp (NTAP) to Positive

August 18, 2016 7:54 AM EDT

(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

NetApp (NTAP): Good Quarter, Raising PT - Jefferies

August 18, 2016 7:11 AM EDT

Jefferies analyst, James Kisner, reiterated his Hold rating on shares of NetApp (NASDAQ: NTAP) and raised his price target to $29.00 (from $24.00).

NetApp printed a solid Q1 beat driven by modest revenue upside and good expense control. Guidance was in line and the analyst... More

JPMorgan Upgrades NetApp (NTAP) to Neutral

August 18, 2016 6:44 AM EDT

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.

... More

William Blair Says NetApp (NTAP) Getting Less Worse, But Still has Ways to Go

August 18, 2016 6:15 AM EDT

William Blair affirms NetApp (Nasdaq: NTAP) with an Underperform rating following Q2 results issued Wednesday night.

Analyst Jason Alder commented today, NetApp topped consensus on the top and bottom lines by $33.6 million and $0.10, respectively, and guided the fiscal second quarter roughly in line with consensus, despite a constrained macro and IT spending environment. Management... More

After-Hours Stock Movers 8/17: (CIE) (NTAP) (LB) (YY) (SNPS) Higher; (CERU) (BGG) (ARAY) (KEYS) (A) (CSCO) Lower

August 17, 2016 5:34 PM EDT

Cobalt International Energy (NYSE: CIE) +7.6%; CFO David Powell and CEO Timothy Cutt acquired 100,000 shares each, according to SEC filings.

NetApp (NASDAQ: NTAP) +6%; reported Q1 EPS of $0.46, $0.10 better than the analyst estimate of $0.36. Revenue for the quarter came in at $1.29 billion versus the consensus estimate of $1.26 billion. NetApp sees Q2 2017 EPS of $0.51-$0.56, versus the consensus of $0.55. NetApp sees Q2 2017 revenue of $1.265-1.415 billion, versus the consensus of $1.33 billion.

L Brands (NYSE: LB) +3%; reported Q2 EPS of $0.70, versus the analyst estimate of... More

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

August 17, 2016 4:03 PM EDT

NetApp (NASDAQ: NTAP) reported Q1 EPS of $0.46, $0.10 better than the analyst estimate of $0.36. Revenue for the quarter came in at $1.29 billion versus the consensus estimate of $1.26 billion.

GUIDANCE:

NetApp sees Q2 2017 EPS of $0.51-$0.56, versus the consensus of $0.55. NetApp sees Q2... More

Trading Radar for 8/17: Cisco (CSCO), Lowe's (LOW), JA Solar (JASO), Analog Devices (ADI), NetApp (NTAP) Report

August 16, 2016 2:28 PM EDT

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

Before Markets Open:
Economics:
7:00am EDT

MBA Mortgage Index - no Street consensus

Earnings:

American Eagle Outfitters (NYSE: AEO) - consensus EPS $0.21
Analog Devices (Nasdaq:... More