UBS Raises Price Target on NetApp (NTAP) to $32; Reiterates Sell

Go back to UBS Raises Price Target on NetApp (NTAP) to $32; Reiterates Sell

Pre-Open Stock Movers 11/17: (RLOG) (WNR) (NTAP) Higher; (VUZI) (LEI) (ACRS) Lower (more...)

November 17, 2016 9:27 AM EST

Today's Pre-Open Stock Movers

Rand Logistics (NASDAQ: RLOG) 120.5% HIGHER; shippers gain again on momentum trade.

Sino-Global Shipping America (NASDAQ: SINO) 103% HIGHER; shippers gain again on momentum trade.

Diana Containerships (Nasdaq: DCIX) 32% HIGHER; shippers gain again on momentum trade.

Vuzix Corp. (NASDAQ: VUZI) 24.4% LOWER; Says Intel (INTC) No Longer Plans to Pursue Strategic RelationshipNov 16, 2016 05:22 PM

Lucas Energy (NYSE:... More

Jefferies Raises Price Target on NetApp (NTAP) to $38 Following 2Q and Guidance

November 17, 2016 9:05 AM EST

Jefferies reiterated a Hold rating on NetApp (NASDAQ: NTAP), and raised the price target to $38.00 (from $34.00), following the company's 2Q earnings report. NTAP reported revenue of $1.34B, a touch below Street's $1.35B. EPS totaled $0.60, beating the Street's $0.54 due to lower than expected opex.... More

Baird Raises Price Target on NetApp (NTAP) to $40; Reiterates Neutral

November 17, 2016 7:33 AM EST

Baird reiterated a Neutral rating on NetApp (NASDAQ: NTAP), and raised the price target to $40.00 (from $37.00), following the company's 2Q earnings report. NetApp posted revenue/non-GAAP EPS of approximately $1.34 billion/$0.60 compared to consensus of $1.36 billion/$0.60. Management guided 3Q revenue/non-GAAP EPS to $1.325-$1.475... More

BMO Capital Raises Price Target on NetApp (NTAP) to $39 Following 2Q Report

November 17, 2016 7:16 AM EST

BMO Capital reiterated a Market Perform rating on NetApp (NASDAQ: NTAP), and raised the price target to $39.00 (from $31.00), following the company's 2Q earnings report. NTAP delivered revenue of $1,340 million roughly in line with consensus estimates of $1,354M. EPS of $0.60 topped consensus of $0.54. NTAP... More

Drexel Hamilton Upgrades NetApp (NTAP) to Buy

November 17, 2016 7:16 AM EST

Drexel Hamilton upgraded NetApp (NASDAQ: NTAP) from Hold to Buy with a price target of $52.00.

Analyst Brian J. White highlighted:

Last night, NetApp delivered a solid 2Q:FY17 performance and offered up a strong 3Q:FY17 outlook as the company is benefiting from its transition initiatives. As such, we are increasing our estimates and upgrading our rating to BUY from HOLD with a $52.00 price target.As NetApp continues to demonstrate progress in its transition that includes more flash, more cloud and improved execution around... More

Needham & Company Remains Sidelined on NetApp (NTAP) Following Solid 2Q

November 17, 2016 6:59 AM EST

Needham & Company reiterated a Hold rating on NetApp (NASDAQ: NTAP) following the company's 2Q earnings report. NTAP reported revenues of $1.34B compared to the street's estimates of $1.35B. Guidance was $1.265-1.415B. EPS was reported at $0.60, ahead of the consensus of $0.54, and guidance of... More

NetApp (NTAP): 5 Key Takeaways From The Call - Susquehanna

November 17, 2016 6:44 AM EST

Susquehanna analyst, Mehdi Hosseini, reiterated his Positive rating on shares of NetApp (NASDAQ: NTAP) and raised his price target to $46.

Strong margins and an encouraging Jan Q guide support the analyst's "Positive" rating. The thesis revolves around increased conviction in NTAP's ability to deliver FY18 Rev growth and... More

After-Hours Stock Movers 11/16: (NTAP) (HAIN) (AMGN) Higher; (LEI) (FSLR) (CSCO) Lower (more...)

November 16, 2016 6:02 PM EST

Today's After-Hours Stock Movers

Lucas Energy (NYSE: LEI) 22.3% LOWER; files prospectus related to 6 million common shares for selling shareholders.

First Solar (NASDAQ: FSLR) 11.3% LOWER; Raises FY16 EPS Guidance by 30c, Lowers FY17; Reports $500M-$700M Impairment Charges

NetApp (NASDAQ: NTAP) 10.6% HIGHER; reported Q2 EPS of $0.60, versus the analyst estimate of $0.54. Revenue for the quarter came in at $1.34 billion versus the consensus estimate of $1.36 billion. GUIDANCE: NetApp sees Q3 2017 EPS of... More

NetApp (NTAP) Posts Q2 adj.-EPS of 60c; Issues Strong Q3 Outlook

November 16, 2016 4:02 PM EST

(Updated - November 16, 2016 4:08 PM EST)

NetApp (NASDAQ: NTAP) reported Q2 EPS of $0.60, versus the analyst estimate of $0.54. Revenue for the quarter came in at $1.34 billion versus the consensus estimate of $1.36 billion.

NetApp ended the second quarter of fiscal year 2017 with $4.4 billion in... More

NetApp (NTAP) call put ratio 1 call to 4 puts into Q2

November 16, 2016 10:07 AM EST

NetApp (NTAP) November call option implied volatility is at 128, December is at 47; compared to 52-week range of 23 to 51 into Q2.

... More