NetApp (NTAP) PT Raised to $91 at Maxim Group
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NetApp (NTAP) PT Raised to $85 at FBN Securities; Sees Buying Opportunity on ELA Misunderstanding
August 16, 2018 1:19 PM EDTFBN Securities analyst Shebly Seyrafi raised the price target on NetApp (NASDAQ: NTAP) to $85.00 (from $75.00) while maintaining an Outperform rating.
Seyrafi said a misunderstanding regarding ELAs creates a buying opportunity.
"... NTAP included $30M in ELAs in the guide, and we believe... More
ELAs Drive NetApp (NTAP) To A Solid EPS Beat - Stifel
August 16, 2018 6:43 AM EDTStifel analyst, Matthew Sheerin, reiterated his Buy rating on shares of NetApp (NASDAQ: NTAP) after July-quarter revenue and adjusted EPS of $1.47bn and $1.04 beat expectations of $1.43bn and $0.80. Most of the upside was driven by an unexpected $60mn in revenue from enterprise-licensing agreements (ELAs) from large customers, which boosted gross margin by roughly... More
NetApp (NTAP) PT Raised to $90 at BMO Capital
August 16, 2018 6:39 AM EDTBMO Capital analyst Tim Long raised the price target on NetApp (NASDAQ: NTAP) to $90.00 (from $75.00) while maintaining an Outperform rating after the company beat expectations across the board.
"Results were basically in line, excluding the ELAs, but we still view the deals... More
Options expected to be active: CSCO NTAP AMAT DE
August 16, 2018 4:49 AM EDTOptions expected to be active: CSCO NTAP AMAT DE
... MoreAfter-Hours Movers 08/15: (BGG) (LFVN) (CSCO) Higher; (SPTN) (GNL) (ILMN) Lower (more...)
August 15, 2018 5:38 PM EDTToday's After-Hours Movers
SpartanNash (NASDAQ: SPTN) 12.3% LOWER; reported Q2 EPS of $0.50, $0.07 worse than the analyst estimate of $0.57. Revenue for the quarter came in at $1.9 billion versus the consensus estimate of $1.87 billion. SpartanNash sees FY2018 EPS of $1.96-$2.21, versus the consensus of $2.25.
Briggs & Stratton (NYSE: BGG) 8.1% HIGHER; reported Q4 EPS of $0.47, $0.06 better than the analyst estimate of $0.41. Revenue for the quarter came in at $501.69 million versus the consensus estimate of $500.23... More
NetApp (NTAP) Tops Q1 EPS by 24c, Offers Q3 Guidance
August 15, 2018 4:02 PM EDTNetApp (NASDAQ: NTAP) reported Q1 EPS of $1.04, $0.24 better than the analyst estimate of $0.80. Revenue for the quarter came in at $1.47 billion versus the consensus estimate of $1.42 billion.
GUIDANCE:
NetApp sees Q2 2019 EPS of $0.94-$1.00, versus the consensus of $0.97. NetApp sees Q2... More

