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Fly News Breaks for November 19, 2015
NTAP
Nov 19, 2015 | 07:00 EDT
Citi analyst Jim Suva says his analysis creates "several key" unanswered questions following NetApp's Q2 results. Many investors will be disappointed in the lack of details around the company's operational and capital allocation review, Suva writes in a post-earnings research note. He points out that NetApp's free cash declined 54% from a year ago. The analyst lowered his price target for the stock to $34 from $36 and keeps a Neutral rating on the name. NetApp be an attractive M&A target, Suva contends.
News For NTAP From the Last 2 Days
NTAP
Apr 17, 2024 | 13:16 EDT
Bearish flow noted in NetApp with 1,299 puts trading, or 2x expected. Most active are 4/26 weekly 98 puts and 4/26 weekly 97 puts, with total volume in those strikes near 830 contracts. The Put/Call Ratio is 2.39, while ATM IV is up over 1 point on the day. Earnings are expected on May 30th.
