NetApp (NTAP) PT Raised to $60 at BofA/Merrill Lynch

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Go back to NetApp (NTAP) PT Raised to $60 at BofA/Merrill Lynch

NetApp (NTAP) Tops Q2 EPS by 15c; Provides 3Q EPS/Revenue Guidance

November 13, 2019 4:04 PM EST

NetApp (NASDAQ: NTAP) reported Q2 EPS of $1.09, $0.15 better than the analyst estimate of $0.94. Revenue for the quarter came in at $1.37 billion versus the consensus estimate of $1.38 billion.

Our Q2 FY20 results reflect the strength of our business model and value of our innovation. We delivered gross margin, operating margin, and EPS all solidly ahead of our guidance ranges. We are delivering real business value to customers hybrid multicloud environments increasing our strategic relevance and enabling us to reach... More