Susquehanna Reiterates Positive Rating on NetApp (NTAP) Following Insight Conference

Summit Redstone Upgrades NetApp (NTAP) to Buy

September 30, 2016 6:31 AM EDT

Summit Redstone upgraded NetApp (NASDAQ: NTAP) from Hold to Buy with a price target of $45.00.

Analyst Srini Nandury highlighted:

We are optimistic that the company can grow its product revenue from current levels driven by AFA sales and increasing adoption of clustered ONTAP... More

Brean Capital Remains Sidelined on NetApp (NTAP) Following Annual User Conference

September 28, 2016 10:50 AM EDT

Brean Capital reiterated a Hold rating on NetApp (NASDAQ: NTAP) after meeting with management at the company's annual user conference. NTAP highlighted its focus on providing data management capabilities across public, hybrid, and private cloud infrastructure through its Clustered Ontap storage operating... More

Jefferies Remains Sidelined on NetApp (NTAP) Following Analyst Meeting

September 28, 2016 7:50 AM EDT

Jefferies reiterated a Hold rating on NetApp (NASDAQ: NTAP), and raised the price target to $34.00 (from $29.00), following an analyst meeting. NetApp noted it had reach #2 in market share in the AllFlash Array market. Like last year, CEO George Kurian gave a impassioned... More

Needham & Company Reiterates Hold on NetApp (NTAP) Following Analyst Day and User Conference

September 28, 2016 7:12 AM EDT

Needham & Company reiterated a Hold rating on NetApp (NASDAQ: NTAP) following the company's annual Insight user conference and Analyst day. No new financial information was presented. However, the company refreshed its FAS lines to incorporate both faster networking speeds and became... More

NetApp (NTAP): Raising PT After Insight 2016 Conference - Baird

September 28, 2016 6:33 AM EDT

Baird analyst, Jayson Noland, reiterated his Outperform rating on shares of NetApp (NASDAQ: NTAP) after the company's Insight 2016 conference.

CEO Kurian gave a keynote address Monday evening emphasizing the shift from HDD to Flash and silos to scale-out. The company cited its recent move to No.2 in the All-Flash Array market and said firmly that it intends to be No.1 which would require substantial market share gain relative to... More

RBC Capital Raises Price Target on NetApp (NTAP) to $36

September 27, 2016 7:37 AM EDT

RBC Capital reiterated a Sector Perform rating on NetApp (NASDAQ: NTAP), and raised the price target to $36.00 (from $32.00), following the Insight 2016 General Session. The highlights included presentations from management and partners.

Analyst Amit Daryanani commented, "1) Digital Transformation: Enterprises increasingly view digital transformation as... More

Notable Analyst Rating Changes 9/26: (DBD) (ETE) (ANDE) Upgraded; (DRH) (NTAP) (LYG) Downgraded

September 26, 2016 10:24 AM EDT

UPGRADES
JPMorgan upgrades Diebold (NYSE: DBD) from Neutral to Overweight with a price target of $33.... More

Pre-Open Stock Movers 09/26: (ARRY) (CHMT) (GWPH) Higher; (PTIE) (DRRX) (SALE) Lower (more...)

September 26, 2016 9:29 AM EDT

Pain Therapeutics, Inc. (Nasdaq: PTIE) 64.5% LOWER; announced today that it has received a Complete Response Letter (CRL) from the U.S. Food and Drug Administration (FDA) on the resubmission of its new drug application (NDA) for REMOXY ER (oxycodone capsules CII). The CRL informs that REMOXY ER cannot be approved in its present form and specifies additional actions and data that are needed for drug approval.

Array BioPharma (Nasdaq: ARRY) 28% HIGHER; Array and Pierre Fabre jointly announced top-line... More

Deutsche Bank Downgrades NetApp (NTAP) to Sell

September 26, 2016 7:41 AM EDT

Deutsche Bank downgraded NetApp (NASDAQ: NTAP) from Hold to Sell with a price target of $25. Analyst Sherri Scribner said secular storage market challenges aren't reflected in valuation.

"We are downgrading NTAP to a Sell from a Hold. NTAP shares are up... More