NetApp Reports First Quarter of Fiscal Year 2020 Results

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NetApp (NTAP) PT Raised to $48 at Barclays

August 15, 2019 3:39 AM EDT

Barclays analyst Tim Long raised the price target on NetApp (NASDAQ: NTAP) to $48.00 (from $47.00) while maintaining a Equalweight rating.

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NetApp (NTAP) Tops Q1 EPS by 4c; FY20 EPS Guidance Above Consensus, Offers FY20 Revenue Guidance

August 14, 2019 4:03 PM EDT

NetApp (NASDAQ: NTAP) reported Q1 EPS of $0.65, $0.04 better than the analyst estimate of $0.61. Revenue for the quarter came in at $1.24 billion versus the consensus estimate of $1.24 billion.

First Quarter of Fiscal Year 2020 Financial Results

Net Revenues: $1.24 billion, compared to $1.47 billion* in the first quarter of fiscal 2019Net Income: GAAP net income of $103 million, compared to GAAP net income of $283 million in the first quarter of fiscal 2019; non-GAAP... More