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Fly News Breaks for August 15, 2019
NTAP
Aug 15, 2019 | 07:41 EDT
Cowen analyst Karl Ackerman lowered his price target on NetApp to $40 from $53 citing a downturn in storage spending which the analyst believes will impact all providers. He noted sales and cost action plans are already in place but he will await stabilization before becoming more constructive on the shares. Ackerman maintained his Underperform 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.
