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

Unusual 11 Mid-Day Movers 8/18: (EARS) (CERU) (CXW) Higher; (SEMI) (CIE) (CSIQ) Lower

Auris Medical Holding AG (Nasdaq: EARS) 61.4% LOWER; announced top-line results from the Phase 3 TACTT2 trial with Keyzilen (AM-101) in acute inner ear tinnitus. The TACTT2 trial did not meet the two co-primary efficacy endpoints of statistically significant changes in tinnitus loudness and tinnitus burden compared to placebo. Data from the TACTT2 trial support the positive safety profile established in previous studies, and results from the second Phase 3 trial, TACTT3, are expected in the fourth quarter of 2016.

Cerulean Pharma Inc. (Nasdaq: CERU) 56.6%... More

Pre-Open Stock Movers 8/18: (SEMI) (CIE) (RPTP) Higher; (EARS) (CERU) (PTLA) Lower

Auris Medical Holding AG (Nasdaq: EARS) 64.1% LOWER; announced top-line results from the Phase 3 TACTT2 trial with Keyzilen (AM-101) in acute inner ear tinnitus. The TACTT2 trial did not meet the two co-primary efficacy endpoints of statistically significant changes in tinnitus loudness and tinnitus burden compared to placebo. Data from the TACTT2 trial support the positive safety profile established in previous studies, and results from the second Phase 3 trial, TACTT3, are expected in the fourth quarter of 2016.

Cerulean Pharma Inc. (Nasdaq: CERU) 62.8%... 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

Wall St. inches up with energy gain, Wal-Mart

By Caroline Valetkevitch

NEW YORK (Reuters) - U.S. stocks ended up slightly on Thursday as Brent oil's rise above $50 a barrel boosted energy shares and an upbeat outlook lifted Wal-Mart (NYSE: WMT) to a 14-month high.

Wal-Mart rose 1.9 percent to end at $74.30 after the retailer reported a better-than-expected quarterly profit and raised its fiscal-year outlook. The upbeat forecast followed disappointing outlooks from Target (NYSE: TGT) and Lowe's Companies (NYSE: LOW) the previous day.

The energy index jumped 1.8... More

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

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

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.

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

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

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

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

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

Before Markets Open:
Economics:
7:00am EDT

Earnings:

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