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Fly News Breaks for March 6, 2018
NTAP
Mar 6, 2018 | 05:58 EDT
BofA/Merrill analyst Wamsi Mohan added NetApp to the US 1 List citing continued strength and conversion to All-Flash-Arrays (AFA) which is 40% of product mix, Mature revenue segment stabilization, and Cloud data fabric. incremental opportunities. Mohan said AFA sales are at an inflection point in term so mix and the most recent Storage data from IDC supports his view on strong share gain momentum. The analyst rates NetApp a Buy with a $74 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.
