|Bid||61.26 x 1000|
|Ask||61.27 x 900|
|Day's Range||60.73 - 61.49|
|52 Week Range||44.55 - 78.35|
|Beta (3Y Monthly)||1.57|
|PE Ratio (TTM)||15.17|
|Earnings Date||Feb 12, 2020|
|Forward Dividend & Yield||1.92 (3.20%)|
|1y Target Est||63.00|
Today we are going to look at NetApp, Inc. (NASDAQ:NTAP) to see whether it might be an attractive investment prospect...
NetApp (NASDAQ: NTAP), the leader in cloud data services, today announced that Enterprise Networking Solutions, Inc. (ENS-Inc), which develops and deploys scalable solutions to help organizations maximize their IT investments, has been awarded an exclusive three-year contract by the State of California Department of General Services (DGS) to deliver NetApp’s industry-leading data center modernization and hybrid cloud infrastructure solutions to the State of California.
While companies such as HPE, Cisco and NetApp are signaling that macro headwinds are weighing on their hardware sales, major software and public cloud players are singing a very different tune.
NetApp (NTAP), the data authority for hybrid cloud, and Google Cloud (NASDAQ: GOOG, GOOGL) today announced the general availability of NetApp® Cloud Volumes Service, NetApp Cloud Volumes ONTAP® for Google Cloud, and support for Anthos on NetApp HCI to help organizations focus on innovation across any hybrid environments.
Investors in NetApp, Inc. (NASDAQ:NTAP) had a good week, as its shares rose 4.3% to close at US$61.98 following the...
NetApp Inc. (NASDAQ: NTAP ) took a “critical first step” on its path to recovery in the fiscal second quarter, according to Credit Suisse. The Analyst Credit Suisse’s Matthew Cabral maintained an Outperform ...
GW Pharmaceuticals, NetGear, Cisco Systems and NetApp highlighted as Zacks Bull and Bear of the Day
NetApp's (NTAP) fiscal second-quarter results reflect declining product revenues on macroeconomic weakness amid strength in Cloud Data Services and Private Cloud offerings.
While Cisco (CSCO) beat on both top and bottom lines, next quarter guidance was lowered. NetApp (NTAP) beat on the bottom line was missed on the top.
NetApp (NTAP) delivered earnings and revenue surprises of 15.96% and -1.13%, respectively, for the quarter ended October 2019. Do the numbers hold clues to what lies ahead for the stock?
For the quarter ended October 25, the data storage systems and services company posted revenue of $1.37 billion, down from $1.52 billion in the year-earlier quarter, and a hair below consensus at $1.38 billion. In an interview with Barron’s Wednesday afternoon, CEO George Kurian said the enterprise spending environment remains cautious, but is no better or worse than the prior quarter. Kurian also said the company continues to execute on a plan announced last quarter to grow its sales team by 200 people by the end of the fiscal first quarter of next year—and that the added sales capacity should allow the company to report top-line growth on a full-year basis in fiscal year 2021.
NetApp Inc. reported an increase in earnings from a year ago Wednesday after a big drop in the previous quarter, exceeding expectations and sending shares higher in after-hours trading. NetApp reported fiscal second-quarter earnings of $243 million, or $1.03 a share, on sales of $1.37 billion, down from $1.52 billion a year ago. After adjusting for stock-based compensation and other effects, the company reported earnings of $1.09 a share, up from $1.06 a share in the same quarter last year. Analysts on average expected adjusted earnings of 94 cents a share on sales of $1.38 billion, according to FactSet. NetApp stock closed with a 0.7% decrease at $60.07, then gained slightly in immediate extended trading after the results were released. NetApp shares have declined roughly 24% in the past 12 months, as the S&P 500 index has gained 13.6%.
NetApp (NASDAQ: NTAP), the data authority for hybrid cloud, today announced the appointment of James Whitemore as senior vice president and chief marketing officer (CMO) at NetApp, reporting to CEO George Kurian. “James has held the role of CMO across several organizations and understands where the market is going given his experience building cloud businesses,” said Kurian.
The company remains "disciplined in our spending," the CEO said in a statement. NetApp ended the quarter with $3 billion of cash and equivalents.
Investing.com - NetApp (NASDAQ:NTAP) reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that fell short of forecasts.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of NetApp, Inc. New York, November 12, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of NetApp, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.