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Fly News Breaks for August 14, 2018
NTAP
Aug 14, 2018 | 08:28 EDT
DA Davidson analyst Mark Kelleher raised his price target on NetApp to $93 and kept his Buy rating ahead of its Q1 earnings tomorrow. The analyst says the company's execution of "significant realignment" into flash storage system market continues to provide a "strong revenue tailwind" and expects the headwinds of more mature products to subside. Kelleher further cites NetApp's strong cash flow, stock buyback commitments, and a "rejuvenated" product line, while also raising his FY20 EPS view to $4.64 from $4.45.
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.
