Information Provided By:
Fly News Breaks for January 6, 2016
NTAP
Jan 6, 2016 | 08:45 EDT
Argus analyst Jim Kelleher noted that NetApp never realized full value from its Engenio acquisition and said investors are skeptical that its newer deal to acquire SolidFire can reverse the company's fortunes. While SolidFire gives NetApp products to serve three separate all-flash niches, it also increases hardware intensity at a time when software is the company's growth driver, Kelleher tells investors in a research note. The analyst keeps a Hold rating on NetApp shares.
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.