63.95 -2.84 (-4.25%)
After hours: 6:51PM EDT
|Bid||63.81 x 800|
|Ask||64.15 x 900|
|Day's Range||66.28 - 67.77|
|52 Week Range||37.43 - 72.85|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.80 (1.19%)|
|1y Target Est||N/A|
NetApp Inc. (NASDAQ:NTAP) shares were declining after hours as the company reported its latest quarterly earnings results, which did come in ahead of Wall Street’s estimates. The data storage company reported its fiscal fourth-quarter results for fiscal 2018, which beat on the top and bottom line, but shares took a hit as the company’s outlook was below estimates. The figure was ahead of NetApp’s revenue from the first quarter of fiscal 2017 by 11%.
NetApp (NTAP) shares are down in late trading as disappointing guidance overshadowed better-than-expected earnings Wednesday. The Silicon Valley company reported after the market closed that it earned $1.05 a share on revenue of $1.64 billion in the fiscal fourth quarter, compared with EPS of 86 cents on revenue of $1.48 billion a year ago. "It was a great finish to a good year," NetApp Chief Executive George Kurian tells Barron's. "We feel very good about the direction of the company from its transition three years ago." But NetApp offered first-quarter guidance midranges that fell short of estimates.
NetApp reported fourth-quarter revenue rose 11% to $1.64 billion, beating the consensus forecast of $1.60 billion.
NetApp Inc. shares fell in the extended session Wednesday even after the hybrid cloud data company's results topped Wall Street estimates and its outlook bookended the analyst consensus. NetApp shares fell 4.2% after hours, following a 0.3% decline to close the regular session at $66.79. NetApp estimates adjusted earnings of 76 cents to 82 cents a share on revenue of $1.37 billion to $1.47 billion for the first quarter.
NetApp reported quarterly earnings after the market close that beat on the top and bottom lines but presented an outlook that fell short of estimates.
The Sunnyvale, California-based company said it had net income of 99 cents per share. Earnings, adjusted for one-time gains and costs, were $1.05 per share. The results exceeded Wall Street expectations. ...
Check out the companies making headlines after the bell: Shares of Williams-Sonoma WSM soared nearly 15 percent in after hours trading. The home and kitchen retailer reported first quarter earnings and revenue that blasted past analyst expectations and prompted the company to strengthen outlook for fiscal 2018 revenue and earnings.
Investors pursuing a solid, dependable stock investment can often be led to NetApp Inc (NASDAQ:NTAP), a large-cap worth US$18.34B. Doing business globally, large caps tend to have diversified revenue streamsRead More...
NetApp (NTAP) stock has returned 73% in the last 12 months, 0.5% in the last month, and -2.7% in the last five days. NetApp stock rose 36% in 2016 and 60% in 2017. Since the start of 2018, it’s risen almost 26%.
NetApp (NTAP) has a dividend yield of 1.1% and pays a quarterly dividend of $0.20 per share, leading to an annualized payout of $0.80 per share. NetApp’s dividend payout ratio is 27.4%, and the company has increased its dividend for the last four consecutive years.
NetApp (NTAP) fourth-quarter results are likely to benefit from ongoing transition of product mix to growth oriented sectors like all-flash arrays and hybrid cloud.
Synopsys (SNPS) second-quarter fiscal 2018 results are expected to gain from enhanced portfolio. However, escalating costs remain a concern.
In the first three quarters of fiscal 2018, NetApp (NTAP) achieved revenue growth of 6% YoY (year-over-year) compared to a revenue fall of 3% in the first three quarters of fiscal 2017. Its revenue growth positively affected its operating margin, which expanded to 18.5% in the first three quarters of fiscal 2018 from 15.9% in the same period last year.
NetApp (NTAP) is seeing encouraging earnings estimate revision activity as of late and carries a favorable rank, positioning the company for a likely beat this season.
We’ve seen that NetApp (NTAP) expects its Networked Storage vertical to fall at a CAGR (compound annual growth rate) of 4% from $37 billion in fiscal 2017 to $31 billion in fiscal 2021. However, NetApp has managed to increase its market share in this declining market via leadership in the NAS (network-attached storage) space and penetration in the SAN (storage area network) space.
A retail heavy earnings week and quiet economic calendar will great investors for the final full trading week of May ahead of the Memorial Day holiday weekend.
Today I will be providing a simple run-through of the discounted cash flows (DCF) method to estimate the attractiveness of NetApp Inc (NASDAQ:NTAP) as an investment opportunity. If you wantRead More...
NetApp (NTAP) has estimated its total available market (or TAM) to be $51 billion in fiscal 2018. NetApp’s estimated revenue for fiscal 2018 is $5.9 billion, which indicates that the company accounts for over 11.5% of the TAM. This market is estimated to grow at a CAGR (compound annual growth rate) of 2% and reach $53 billion by 2020 and $54 billion by 2021.
According to NetApp (NTAP), the data-driven digital transformation seen across industry verticals has accelerated business outcomes. This has resulted in an increase in profitability and contributed to top line revenue growth.
HPE Q2 revenues to reflect impact of its focus on enterprise market and drift from the hyperscaler business. Earnings might mirror benefits of low-margin businesses spin-off and share-buyback efforts.
Hewlett Packard Enterprise (HPE) stock has returned 18% in the last 12 months. The stock has remained flat in the last month and the last five trading days. HPE stock rose 60% in 2016 and 8.5% in 2017. Year-to-date, it has risen ~21%. Peers IBM (IBM), VMware (VMW), NetApp (NTAP), and Microsoft (MSFT) have returned -5%, 49%, 70%, and 42%, respectively, in the last 12 months.