NetApp (NTAP) PT Raised to $91 at Maxim Group

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NetApp (NTAP) PT Raised to $85 at FBN Securities; Sees Buying Opportunity on ELA Misunderstanding

August 16, 2018 1:19 PM EDT

FBN Securities analyst Shebly Seyrafi raised the price target on NetApp (NASDAQ: NTAP) to $85.00 (from $75.00) while maintaining an Outperform rating.

Seyrafi said a misunderstanding regarding ELAs creates a buying opportunity.

"... NTAP included $30M in ELAs in the guide, and we believe... More

ELAs Drive NetApp (NTAP) To A Solid EPS Beat - Stifel

August 16, 2018 6:43 AM EDT

Stifel analyst, Matthew Sheerin, reiterated his Buy rating on shares of NetApp (NASDAQ: NTAP) after July-quarter revenue and adjusted EPS of $1.47bn and $1.04 beat expectations of $1.43bn and $0.80. Most of the upside was driven by an unexpected $60mn in revenue from enterprise-licensing agreements (ELAs) from large customers, which boosted gross margin by roughly... More

NetApp (NTAP) PT Raised to $90 at BMO Capital

August 16, 2018 6:39 AM EDT

BMO Capital analyst Tim Long raised the price target on NetApp (NASDAQ: NTAP) to $90.00 (from $75.00) while maintaining an Outperform rating after the company beat expectations across the board.

"Results were basically in line, excluding the ELAs, but we still view the deals... More

Options expected to be active: CSCO NTAP AMAT DE

August 16, 2018 4:49 AM EDT

Options expected to be active: CSCO NTAP AMAT DE

... More

After-Hours Movers 08/15: (BGG) (LFVN) (CSCO) Higher; (SPTN) (GNL) (ILMN) Lower (more...)

August 15, 2018 5:38 PM EDT

Today's After-Hours Movers

SpartanNash (NASDAQ: SPTN) 12.3% LOWER; reported Q2 EPS of $0.50, $0.07 worse than the analyst estimate of $0.57. Revenue for the quarter came in at $1.9 billion versus the consensus estimate of $1.87 billion. SpartanNash sees FY2018 EPS of $1.96-$2.21, versus the consensus of $2.25.

Briggs & Stratton (NYSE: BGG) 8.1% HIGHER; reported Q4 EPS of $0.47, $0.06 better than the analyst estimate of $0.41. Revenue for the quarter came in at $501.69 million versus the consensus estimate of $500.23... More

NetApp (NTAP) Tops Q1 EPS by 24c, Offers Q3 Guidance

August 15, 2018 4:02 PM EDT

NetApp (NASDAQ: NTAP) reported Q1 EPS of $1.04, $0.24 better than the analyst estimate of $0.80. Revenue for the quarter came in at $1.47 billion versus the consensus estimate of $1.42 billion.

GUIDANCE:

NetApp sees Q2 2019 EPS of $0.94-$1.00, versus the consensus of $0.97. NetApp sees Q2... More