NetApp's (NTAP) Price Target Reduced to $33 at FBN

Argus Downgrades NetApp (NTAP) to Hold

Argus downgraded NetApp (NASDAQ: NTAP) from Buy to Hold.

"Our downgrade is based on the deteriorating performance of the companys branded business, which accounts for more than 90% of sales," the analyst said.

"In a troubling sign, NetApp called out its... More

Jefferies Maintains Hold Rating on NetApp (NTAP) Following 4Q Results and 1Q Guidance

Jefferies maintains a Hold rating on NetApp (NASDAQ: NTAP), and lowered the price target to $32.00 (from $37.00), following FQ4 results. NTAP reported revenue of
$1.54B, below the Street's $1.59B estimate. Q4 EPS totaled $0.65, missing Street's estimate of $0.72.

Analyst James Kisner commented on NTAP, saying, "NetApp reported weaker-than-expected FQ4 (April) results and provided even weaker FQ1 (July) guidance. Management blamed product transition issues... More

Cantor Fitzgerald Downgrades NetApp (NTAP) to Hold; Secular Challenge and Execution Issues

Cantor Fitzgerald downgraded NetApp (NASDAQ: NTAP) from Buy to Hold with a price target of $35.00 (from $43.00) following weak Q4 and outlook. The firm cited transition and execution issues and secular challenges.

Analyst Brian White commented, "Last night, NetApp reported weak 4Q:FY15 results and a 1Q:FY16 outlook... More

NetApp (NTAP) Competitors to Benefit from Company Woes, Needham & Company Says

In this morning's downgrade of downgrade of NetApp (NASDAQ: NTAP) Needham & Company analyst Richard Kugele sees the company's woest benefiting competitors.

Kugele said EMC Corp. (NYSE: EMC), Nimble Storage (NYSE: NMBL) and... More

Needham & Company Downgrades NetApp (NTAP) to Hold Post Q4; 'Worst Conference Calls in Years'

Needham & Company downgraded NetApp (NASDAQ: NTAP) from Buy to Hold following weak Q4 and the "worst" conference calls in years.

Analyst Richard Kugele commented, "In what was easily one of the worst conference calls we have heard in years, NTAP... More

Summit Research Downgrades NetApp (NTAP) to Hold

Summit Research downgraded NetApp (NASDAQ: NTAP) from Buy to Hold with a price target of $32.00 following another miss.

Analyst Srini Nandury commented, "We are downgrading NTAP to HOLD following yet another disappointing quarter and worse than expected guidance. NTAP not only missed the estimates as we had predicted but also lowered the outlook for the full year. We also predicted that the GM... More

JPMorgan Downgrades NetApp (NTAP) to Underweight

JPMorgan downgraded NetApp (NASDAQ: NTAP) from Neutral to Underweight with a price target of $29.00 (from $35.00).

For an analyst ratings summary and ratings history on NetApp click here. For more ratings news on NetApp click here.

Shares of NetApp closed at $35.33 yesterday.

NetApp (NTAP) Misses Q4 EPS by 7c, Q1 Guidance Misses

NetApp (NASDAQ: NTAP) reported Q4 EPS of $0.65, $0.07 worse than the analyst estimate of $0.72. Revenue for the quarter came in at $1.54 billion versus the consensus estimate of $1.59 billion.

NetApp sees Q1 2016 EPS of $0.20-$0.25, versus the consensus of $0.60. NetApp sees Q1 2016 revenue of $1.275-1.375... More