NetApp Reports Fourth Quarter and Fiscal Year 2018 Results

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Go back to NetApp Reports Fourth Quarter and Fiscal Year 2018 Results

NetApp (NTAP) PT Raised to $75 at FBN Securities

May 24, 2018 11:30 AM EDT

FBN Securities raised its price target on NetApp (NASDAQ: NTAP) to $75.00 (from $60.00) while maintaining an Outperform rating.

Analyst Shebly Seyrafi commented, "We retain our Outperform Perform rating on NTAP and raise our PT from $60 to $75. The company reported a strong FQ4, with revenue growth of 11% Y/Y (8% ex-FX) beating expectations driven by strong product revenue growth (19% Y/Y). This was driven by particular strength in Strategic Solutions, up 25% Y/Y, and... More

NetApp (NTAP) PT Raised to $75 at BMO Capital; 'Multiple Growth Drivers'

May 24, 2018 6:50 AM EDT

BMO Capital raised its price target on NetApp (NASDAQ: NTAP) to $75.00 (from $73.00) while maintaining an Outperform rating.

Analsyt Tim Long commented, "NetApp beat revenue expectations, fueled by the strength of its All-Flash business, which is now on a $2.4B run... More

NetApp (NTAP) Tops Q4 EPS by 4c; Guides Q1 In-Line

May 23, 2018 4:02 PM EDT

NetApp (NASDAQ: NTAP) reported Q4 EPS of $1.05, $0.04 better than the analyst estimate of $1.01. Revenue for the quarter came in at $1.64 billion versus the consensus estimate of $1.6 billion.

GUIDANCE:

NetApp sees Q1 2019 EPS of $0.76-$0.82, versus the consensus of $0.78. NetApp sees Q1... More