53.43 0.00 (0.00%)
After hours: 5:02PM EST
|Bid||53.40 x 800|
|Ask||53.42 x 1800|
|Day's Range||52.76 - 54.14|
|52 Week Range||44.55 - 78.35|
|Beta (5Y Monthly)||1.60|
|PE Ratio (TTM)||12.53|
|Earnings Date||Feb 11, 2020|
|Forward Dividend & Yield||1.92 (3.54%)|
|Ex-Dividend Date||Apr 01, 2020|
|1y Target Est||60.39|
Technology shares led all three major U.S. stock averages lower, with the blue-chip Dow suffering the largest percentage loss. Hopes that the coronavirus epidemic could be on the wane were soured by a spike in fatalities, with an additional 242 bringing China's coronavirus death toll to 1,367. "On a day like today investors just have to take it in stride," said Charlie Ripley, senior market strategist for Allianz Investment Management in Minneapolis.
The S&P 500 reversed its losses on Thursday as investors weighed mixed news on the coronavirus and a spate of corporate earnings. While a drop in Cisco Systems Inc shares helped keep the blue-chip Dow in the red, the S&P 500 and the Nasdaq rebounded and were both on track to eke out their fourth consecutive record closing highs.
Gains in defensives helped U.S. stocks bounce off session lows on Thursday, even as sentiment remained fragile after a spike in new coronavirus cases in China renewed worries over the scale of the epidemic and its likely impact. The S&P 500 fell as much as 0.6% in early trading after China reported a record spike in deaths and thousands more infections using a new diagnosis method at Hubei, the epicenter of the outbreak. "The surge in reported cases today is a one-off change due to methodology and, by itself, does not imply an acceleration in the pace of infection," said Seema Shah, chief strategist at Principal Global Investors.
Defensive stocks helped the S&P 500 and the Nasdaq erase losses to trade flat on Thursday, even though a sharp rise in new coronavirus cases in China kept investors worried. The three main U.S. stock indexes had opened more than 0.5% lower as China reported a record spike in deaths and thousands more infections using a new diagnosis method at a province that is at the center of the outbreak. "The surge in reported cases today is a one-off change due to methodology and by itself, doesn't imply an acceleration in the pace of infection," said Seema Shah, chief strategist at Principal Global Investors.
Wall Street's main indexes eased from record highs on Thursday, pressured by shares of Cisco after its disappointing quarterly forecast, while a spike in new coronavirus cases in China weighed on the sentiment. The Chinese province at the center of the coronavirus outbreak reported a record rise in deaths and thousands more infections using a new diagnostic method, casting fresh uncertainty over the scale of the virus outbreak. A day earlier, investors had bought on signs that the virus spread was slowing, lifting the benchmark S&P 500 and the Nasdaq to their third straight closing highs.
NetApp's (NTAP) fiscal third-quarter results reflect lower product revenues on macroeconomic weakness despite strength in Cloud Data Services and Private Cloud offerings.
NetApp shares fell as analysts issued negative commentary on the data-storage and -management provider after it pared its revenue estimate and its earnings came up short of estimates. Analysts also cited the departure of NetApp's CFO.
Wall Street was set to open lower on Thursday after scaling record levels in the previous session, as a spike in new coronavirus deaths and cases in China sent investors scurrying for safe havens. Gold and U.S. Treasuries were in demand as a new diagnostic method pushed the number of new infections in China's Hubei province to 14,840 on Thursday, up from 2,015 cases reported on Wednesday, while the death toll climbed to 1,367. "The virus news coming out of China (is) a bit concerning, especially when investors thought it was all behind them," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.
NetApp (NTAP) delivered earnings and revenue surprises of -2.52% and -3.99%, respectively, for the quarter ended January 2020. Do the numbers hold clues to what lies ahead for the stock?
NetApp Inc. shares dove more than 13% in after-hours trading Wednesday, after the memory company's results and forecast came in lighter than expected, and its chief financial officer announced his impending departure. NetApp reported fiscal third-quarter earnings of $277 million, or $1.21 a share, on sales of $1.4 billion, after posting earnings of 98 cents a share on sales of $1.56 billion a year ago. After factoring in stock-based compensation, some tax effects and amortization, NetApp reported earnings of $1.16 a share. Analysts on average expected NetApp to report adjusted earnings of $1.18 a share on sales of $1.46 billion. NetApp's fourth-quarter forecast was also slightly off from expectations -- the company said it expects to record adjusted earnings of $1.28 to $1.36 a share on revenue of $1.46 billion to $1.61 billion, while analysts on average were expecting adjusted earnings of $1.39 a share on sales of $1.57 billion. The company also announced that CFO Ron Pasek plans to retire by the end of the fiscal year, and NetApp intends to name a successor by that time. NetApp shares, which closed Wednesday with a 3% gain at $60.82, dove to less than $53 in the extended session.
Investing.com - NetApp (NASDAQ:NTAP) reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
NetApp's (NTAP) fiscal third-quarter results are likely to reflect strength in hybrid multi-cloud solutions, cloud data services and private cloud offerings amid stiff competition.
NetApp (NTAP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
As fears over the coronavirus grow, so does China uncertainty for some of North Carolina’s globally-focused companies – from Cree to Honeywell.
NetApp, Inc. (NASDAQ: NTAP) today announced that Deepak Ahuja, CFO of Verily, has joined its Board of Directors. Mr. Ahuja’s appointment brings the number of directors on the NetApp board to eight, seven of whom are independent.
After market close on Wednesday, February 12, 2020, NetApp (NASDAQ: NTAP) will announce financial results for the third quarter of fiscal year 2020, which ended January 24, 2020.
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NetApp has snagged a former senior executive out of Lenovo to manage its largest business unit – a move the company says will help “lead the change into a new era.”
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