|Bid||58.00 x 800|
|Ask||61.02 x 1000|
|Day's Range||60.76 - 61.88|
|52 Week Range||54.50 - 88.08|
|Beta (3Y Monthly)||1.50|
|PE Ratio (TTM)||13.52|
|Earnings Date||Aug 14, 2019|
|Forward Dividend & Yield||1.92 (3.24%)|
|1y Target Est||71.25|
Today we will run through one way of estimating the intrinsic value of NetApp, Inc. (NASDAQ:NTAP) by projecting its...
NetApp (NTAP) unveils AFF C190 cloud-capable all-flash storage solution primarily aimed at expanding presence among smaller enterprises looking to manage business across hybrid cloud platforms.
Income investors typically seek ample yield in their dividend stocks, but dividend sustainability matters every bit as much.Just ask GameStop (GME) investors, who saw a 19%-plus dividend yield on May 4 turn into a nonexistent yield after the retailer suspended its payout to save cash in an attempt to salvage its troubled business.A high yield can be a sign of a troubled distribution, but it doesn't have to be. There are hundreds of stable dividend stocks with above-average yields - including a few in the typically growth-minded technology sector. Better still: These are affordable, sustainable payouts that even have room to grow.We've leaned on the DIVCON system from exchange-traded fund provider Reality Shares to identify seven tech stocks with market-beating dividends that also have a high chance of growing in the future. DIVCON's methodology evaluates dividend health factors including profits, free cash flow and even bankruptcy risk, then assigns a score between 1 and 5. Low scores (1-2) are a sign of unstable dividends; high scores (4-5) signal healthy dividends that likely will grow in the years ahead.Here are seven "double threat" dividend stocks in the tech sector. They not only yield well better than the S&P; 500's 1.8% average right now, but they also earn high scores from DIVCON for their dividend health. SEE ALSO: 10 High-Yield Monthly Dividend Payers
NetApp today announced that Lance Berger, director, investor relations, will participate in a fireside chat at the Stifel Cross Sector Insight Conference on Tuesday, June 11, 2019 at 9:45 a.m.
NetApp (NTAP), the data authority for hybrid cloud, today reinforced the company’s commitment to the channel with the announcement of the NetApp® AFF C190 system, a simple, smart and secure all-flash storage solution. It enables NetApp channel partners to aggressively and self-sufficiently expand their market share by helping smaller organizations modernize their IT infrastructure as part of their data fabric strategy. “NetApp is focused on making it simpler for our partners to do business with us,” said Jeff McCullough, vice president of Americas partner sales at NetApp.
NetApp , the data authority for the hybrid cloud, today announced the winners of its North American Partner of the Year Awards at the third annual NetApp Channel Connect Conference .
By John Jannarone It’s not unusual for investors to voice frustration after losing money in a poorly-performing stock. It is out of the ordinary when a board of directors ignores the way those investors vote their shares. Consider the case of ServiceSource International, which last month failed to receive majority support at its annual meeting […]
Is It Time to Go Bottom-Fishing with These Tech Stocks?(Continued from Prior Part)NetApp’s returnsShares of cloud storage company NetApp (NTAP) have fallen close to 17.0% in the last 12 months. Since the start of May, NetApp stock has lost over
Sales and forecasts missed the mark, and a strong dollar wasn’t any help. But did it create a buy-the-dip situation?
Nutanix's (NTNX) third-quarter fiscal 2019 results are likely to benefit from growing customer base, contract wins and transition to a subscription-based model.
These Tech Stocks Slumped Over 5% on May 23(Continued from Prior Part)Stock fell 8.1% yesterdayData storage company NetApp (NTAP) fell 8.1% on May 23 to close trading at $61.66. NetApp stock fell over 4% on May 22 as well after the company reported
The enterprise hardware maker mixed results for its fiscal second-quarter. Why one Wall Street analyst thinks it’s time for the company to consider an acquisition.
U.S. stocks slumped on Thursday as investors dumped shares of companies in growth and cyclical sectors, with energy and technology leading declines, on fears that the escalating U.S.-China trade war would stymie global economic growth. Among S&P 500 sectors, only utilities and real estate, both considered defensive areas, registered gains as investors moved to safe-haven assets such as Treasuries. Stocks pared losses in the last hour of trading, but Wall Street's major indexes all ended more than 1% lower.
shares were plummeting on Thursday after the storage hardware and software giant shared disappointing results and quarterly guidance that were blamed on several factors. At the same time, NetApp did issue a somewhat better full-year outlook -- an outlook that its CEO says is attainable with the help of sales team changes and larger contributions from high-growth businesses. On Wednesday afternoon, NetApp reported April quarter (fiscal fourth quarter) revenue of $1.59 billion (up 4% annually) and non-GAAP EPS of $1.22, missing consensus analyst estimates of $1.64 billion and $1.26, respectively. For the whole of fiscal 2020 (it ends in April 2020), NetApp is guiding for revenue to grow at the low end of "[a] mid-single-digit range." In addition, CFO Ron Pasek said on NetApp's earnings call that the company is "committed to delivering low-teens EPS growth" before accounting for the impact of new stock buybacks, and that it has recently "conducted workforce realignments." Relative to the company's reported fiscal 2019 numbers, pre-earnings consensus estimates implied 4% revenue growth and 11% EPS growth.
NetApp stock was sliding in the wake of disappointing quarterly results and weak guidance that suggest lingering problems around data center sales.
Shares of NetApp Inc. are off 12.8% in Thursday morning trading and on track for their worst single-day drop since Aug. 18, 2011 after the company missed earnings and revenue expectations the prior afternoon. "NetApp reported another weak quarter driven by a number of execution missteps as well as lengthening data center sales cycles and macro weakness particularly in Europe," wrote Goldman Sachs analyst Rod Hall, who kept his buy rating on the stock but removed NetApp from the firm's conviction list. Credit Suisse analyst Matthew Cabral said that the company's latest results, in conjunction with those of its competitors, suggest that the storage market is slowing down following a strong year of growth in 2018. "Looking ahead, NetApp expects growth to reaccelerate as FY20 progresses, particularly in 2H given tailwinds from the ramp of both the company's private cloud offerings (i.e., HCI + SolidFire) and Cloud Data Services (boosted by the full launch with Azure), as well as a return to more consistent execution on the base array business," wrote Cabral, who has an outperform rating on the shares but cut his target price to $79 from $89. Still, he said the company's outlook for the current quarter implies that the company will have a challenging start to its 2020 fiscal year, which began this month. Shares have fallen 2% so far this year, as the S&P 500 has gained 13%.
NetApp Inc. (NASDAQ: NTAP) reported after the market close Wednesday with below-consensus fourth-quarter earnings and issued a downbeat forecast for the first quarter. Credit Suisse analyst Matthew Cabral maintained an Outperform rating on NetApp and lowered the price target from $89 to $79. Bank of America Merrill Lynch analyst Wamsi Mohan reiterated a Buy rating and reduced the price target from $78 to $74.
Shares sold off sharply on Thursday morning following disappointing earnings results. Lennox International also announced a dividend increase.
NetApp (NTAP) is benefiting from increasing adoption of all-flash arrays. However, declining OEM revenues and competition remain the headwinds.