Elliott Management: Dividend, Buyback are 'Positive Steps' for NetApp (NTAP)
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Deutsche Bank Raises PT on NetApp (NTAP) to $48
May 22, 2013 11:03 AM EDTDeutsche Bank today maintained a Buy rating on NetApp (NASDAQ: NTAP) and raised its price target to $48.00 (from $40.00). The change follows NetApp Q4 results yesterday. NetApp also announced a dividend and an increased buyback.
"We believe converging product cycles (ONTAP 8.1/8.2 and HW... More
Despite Weak Outlook, NetApp (NTAP) Deploying Cash Will Retain Investor Interest - Analyst
May 22, 2013 9:42 AM EDTNetApp (Nasdaq: NTAP) shares are up early following mixed Q4 results and light guidance.
Lazard Capital noted that results reflect a double-digit drop in NetApp's OEM business. Growth in branded products is a positive sign.
Though guidance missed the mark, Lazard... More
NetApp (NTAP) Tops Q4 EPS by 1c; Boosts Buyback, Plans Job Cuts, Initiates Dividend
May 21, 2013 4:02 PM EDT(Updated - May 21, 2013 4:04 PM EDT)
NetApp, Inc. (NASDAQ: NTAP) reported Q4 EPS of $0.69, $0.01 better than the analyst estimate of $0.68. Revenue for the quarter came in at $1.72 billion versus the consensus estimate of $1.76 billion.
The company sees Q114 revs of $1.475 billion to $1.575 billion and non-GAAP EPS of $0.45 - $0.50. The Street sees revs of $1.6 billion and EPS of $0.53.... More
