NetApp Reports Fourth Quarter and Fiscal Year 2016 Results
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Deutsche Bank Remains Sidelined on NetApp (NTAP) Following 4Q Miss
May 26, 2016 9:59 AM EDTDeutsche Bank maintained a Hold rating and $22.00 price target on NetApp (NASDAQ: NTAP) following the company's 4Q earnings report. NTAP reported sales of $1.38B and EPS of $0.55, below Consensus at $1.40B and $0.58.
Analyst Sherri Scribner commented, "NTAP's F4Q-16 results missed... More
Drexel Hamilton Remains Sidelined on NetApp (NTAP) Following 4Q Miss
May 26, 2016 9:26 AM EDTDrexel Hamilton reiterated a Hold rating and $24.50 price target on NetApp (NASDAQ: NTAP) following the company's 4Q earnings report. NetApp reported sales of $1.38 billion, missing the Street's $1.40 billion estimate. Pro forma EPS of $0.55 also fell short of the Street's estimate of $0.58.
Analyst Brian... More
Needham & Company Remains Sidelined on NetApp (NTAP) Following 4Q Report
May 26, 2016 8:35 AM EDTNeedham & Company reiterated a Hold rating on NetApp (NASDAQ: NTAP), following the company's 4Q earnings report. NTAP reported revenue of $1.38B at the low end of guidance of $1.35-1.50B, missing $1.4B consensus. EPS were also at the low-end of guidance, with $0.55 vs. $0.55-0.60, and... More
Piper Jaffray Remains Neutral on NetApp (NTAP) Following 4Q Earnings Report
May 26, 2016 7:40 AM EDTPiper Jaffray reiterated a Neutral rating on NetApp (NASDAQ: NTAP), and raised the price target to $26.00 (from $25.00), following the company's 4Q earnings report. NetApp reported revenue of $1.38B, which was within the guided range ($1.35-$1.50B), but below the consensus estimate of $1.40B. Management said revenue was negatively... More
NetApp (NTAP): All Eyes On All Flash - Susquehana
May 26, 2016 6:26 AM EDTSusquehanna analyst, Mehdi Hosseini, thinks investors should stay on the sidelines as (NASDAQ: NTAP) continues to navigate through a challenging environment, as it aims to spur adoption of its core cDOT platform(26% of installed base) while integrating the SolidFire asset into its All-Flash... More
NetApp (NTAP) Raises Quarterly Dividend 5.6% to $0.19; 3% Yield
May 25, 2016 4:09 PM EDTNetApp (NASDAQ: NTAP) declared a quarterly dividend of $0.19 per share, or $0.76 annualized. This is a 5.6% increase from the prior dividend of $0.18.
The dividend will be payable on July 27, 2016, to stockholders of record on July 18, 2016, with an ex-dividend date of July 14,... More
NetApp (NTAP) Misses Q4 EPS by 3c; Guides Q1 EPS Below
May 25, 2016 4:08 PM EDTNetApp (NASDAQ: NTAP) reported Q4 EPS of $0.55, $0.03 worse than the analyst estimate of $0.58. Revenue for the quarter came in at $1.38 billion versus the consensus estimate of $1.4 billion.
"We executed well in the fourth quarter and I'm pleased with the progress we are making with... More
