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Fly News Breaks for August 17, 2017
NTAP
Aug 17, 2017 | 05:40 EDT
Deutsche Bank analyst Sherri Scribner says improving margins drove NetApp's earnings beat in Q1. The analyst believes "some investors were expecting more" than the in-line guidance for Q2. While admitting her negative call on the shares hasn't worked out, Scribner still sees NetApp as "uniquely challenged" given its storage-only business model. She notes that compares get tougher from here and keeps a Sell rating on the stock with a $27 price target.
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.
