|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||67.28 - 68.42|
|52 Week Range||37.43 - 69.75|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.80 (1.19%)|
|1y Target Est||N/A|
Zacks.com featured highlights include: NetApp, Steel Dynamics, UniFirst, Reliance Steel and Stepan
Storage company Seagate (STX) is expected to announce its fiscal 3Q18 results on May 1, 2018. Analysts expect Seagate to post revenue of $2.74 billion in fiscal 3Q18, a rise of 2.4% YoY (year-over-year) compared to its revenue of $2.67 billion in fiscal 3Q17. Wall Street has a high revenue estimate of $2.81 billion and a low estimate of $2.64 billion for the quarter, which ended in March 2018.
In 2018 there is a tech stock that is hotter than Nvidia Corporation (NASDAQ:NVDA). That stock is NetApp Inc. (NASDAQ:NTAP). NetApp stock very well could be the Nvidia of the future.
Western Digital (WDC) has returned 7.5% in the last 12 months, -12% in the last month, and 0.3% in the last five days. WDC stock rose 17% in 2016 and ~20% in 2017. Since the start of 2018, it’s risen almost 14% despite the tech sector sell-off in early February and mid-March.
The demand for data storage is expected to grow exponentially over the next few years driven by the adoption of 4K Ultra HD video and emerging applications, including artificial intelligence (or AI), machine learning, and data analytics. This growth in data provides an opportunity for storage companies such as WDC, Seagate (STX), NetApp (NTAP), and IBM (IBM) to expand their existing solutions portfolios by introducing new products. According to WDC, this storage product can be used by businesses to track their asset security or by retail owners to analyze shopping behavior through facial recognition.
Hybrid cloud data services provider NetApp Inc. (NASDAQ:NTAP) hosted its annual Analyst Day on April 5. The company raised its short- and long-term growth outlooks. They also added firepower to the capital returns program, adding $4 billion to the share buyback program and promising to double the dividend.10 S&P 500 Stocks to Buy Off Their Lows
Hewlett Packard Enterprise (HPE) has returned 26.0% in the trailing-12-month period, -8.7% in the past month, and -4.7% in the trailing-five-day period. The tech sell-off seen since February has negatively impacted HPE’s stock performance.
Hewlett Packard Enterprise (HPE) expects free cash flow of $2.0 billion by the end of fiscal 2020. HPE is subject to the transition tax, which stands at 15.0%. The firm is looking to offset the transition tax via other tax attributes. HPE believes that tax costs would not impact its strong financial statements due to rigorous tax planning over the last few years.
Bully for Micron One bright spot is memory-chip giant Micron Technology (MU), which is bouncing back after being under pressure following that Sell recommendation yesterday from Timothy Arcuri of UBS. The stock is up 50 cents at $50.35, and helping the shares is a fairly upbeat endorsement this morning from Instinet’s Romit Shah, who reiterates a Buy meeting after spending two days hosting meetings between the newly installed chief financial officer, David Zinsner, and investors. Among the things Shah learned is that Zinsner "did not seem concerned that NAND ASP declines in the February period would persist,” and that the company "continues to expect DRAM suppliers to be rational about capacity expansion in an effort to sustain high margins and cash flow." Universal Display’s Bright Prospects Another relative bright spot is organic light-emitting diode technology maker Universal Display (OLED) are up $1.77, or 1.8%, at $103.10, after Oppenheimer & Co.’s Andrew Uerkwitz this morning raised his rating on the shares to Outperform from “Perform,” writing that the stock is oversold after dropping 41% this year.
Stocks swung lower Friday after a disappointing March jobs report, as Merck fails a drug test and NASA delays a Boeing-led project.
Companies with shares expected to trade actively in Friday's session include Incyte, JPMorgan, Boeing and WageWorks.
NetApp Inc. authorized the buyback of an additional $4 billion in shares of its common stock, the company said in a filing late Thursday. The authorization does not have an expiration date and does not ...
Hewlett Packard Enterprise (HPE) has been consistently rewarding shareholders with cash dividends and share buyback programs. In fiscal 2017, the company returned nearly $3.0 billion to shareholders in the form of share repurchases and dividends.
The 1Q18 earnings included one-time income tax gains of $0.04 per share associated with the tax provision due to the revision in the US federal tax reform legislation. Adjusting for the tax reform benefit, HP’s earnings increased 16% year-over-year (or YoY) to $0.44 in the first quarter. The recently approved US Tax Cuts and Job Act changed the corporate tax structure.
The smartphone market is still quite weak, according to Barclays analyst Mark Moskowitz, and that’s helping ease supply of NAND flash chips, which could in turn boost sales of solid-state storage, a good thing for Western Digital (WDC), Pure Storage (PSTG), and NetApp (NTAP), in his opinion. Western, he thinks, has the better technology for hard drives, called “MAMR,” versus Seagate’s, “HAMR”: What technology could be better? HAMR’s use of a laser generates a significant amount of heat, and it appears that end customers’ concerns still remain about the long-term longevity for HAMR drives given the wear that that excessive head could create.
The transition to flash storage has enabled the company to consolidated its market share in the storage space. This space includes tech giants such as Dell-EMC, IBM (IBM), and Hewlett Packard Enterprise (HPE) as well as niche players like PureStorage (PSTG). NetApp’s cloud-integrated all-flash solutions aim to modernize the IT environment and drive digital transformation for enterprises.