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NTAP

NetApp

$60.64

1.9 (3.23%)

07:59
02/15/18
02/15
07:59
02/15/18
07:59

Technical Take: NetApp falls sharply after earnings and outlook

The company reported earnings and gave guidance after the bell yesterday. The extended-session reaction was negative and shares remain down in the pre-market, over 9.4% to $54.90, at time of writing. At current price next support is at $53.75. Resistance is at $55.80.

  • 26

    Feb

  • 26

    Feb

NTAP NetApp
$60.64

1.9 (3.23%)

02/13/18
02/13/18
UPGRADE
Target $74

Buy
NetApp upgraded to Buy on All-Flash strength at BofA/Merrill
As previously reported, BofA/Merrill upgraded NetApp to Buy from Neutral and raised its price target to $74 from $63. Analyst Wamsi Mohan expects strong topline growth for the company driven by All-Flash-Arrays, or AFA, strength and conversion, Mature revenue stabilization, and Cloud data fabric incremental growth. Mohan's VAR survey suggests strong adoption for AFA and notes NetApp's AFA sales have grown at an "incredible" rate and expects them to continue to outgrow the market in 2018.
02/13/18
MAXM
02/13/18
NO CHANGE
Target $69
MAXM
Buy
NetApp price target raised to $69 from $61 at Maxim
Maxim analyst Nehal Chokshi raised his price target on NetApp to $69, saying his findings suggest that the company's momentum can be attributed to the "uniqueness and effectiveness of hybrid cloud data management capability that is not being replicated" rather than mis-execution at Dell. Chokshi keeps his Buy rating on NetApp ahead of tomorrow's earnings.
02/15/18
DADA
02/15/18
NO CHANGE
Target $66
DADA
Neutral
NetApp gross margins showing resilience, says DA Davidson
DA Davidson analyst Mark Kelleher raised his price target on NetApp to $66 from $64 following Q3 earnings, saying that despite the pressure from memory and storage component shortages, gross margins remained robust thanks to less discounting and the ability to pass component pricing to customers. Longer-term, Kelleher notes that the company has a rejuvenated product line, a strong cash flow, and has also been successful in realigning its business into the Flash storage market. The analyst keeps his Neutral rating, adding that NetApp's positive prospects are reflected in valuation.
02/15/18
LOOP
02/15/18
NO CHANGE
Target $69
LOOP
Buy
Recommend accumulating NetApp on weakness, says Loop Capital
Loop Capital analyst Ananda Baruah kept his Buy rating and $69 price target on NetApp after the company's latest results, but says he would be a "strong accumulator" of the stock on weakness. The analyst notes that the earnings and the guidance for next quarter add to his confidence and suggest that a material expansion remains ahead, given that the Q4 outlook is likely conservative based on the implied Strategic revenue view and accelerating adoption momentum.

TODAY'S FREE FLY STORIES

HRTX

Heron Therapeutics

$24.70

0.28 (1.15%)

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  • 30

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HNP

Huaneng Power

$23.42

-0.47 (-1.97%)

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SMAR

Smartsheet

$43.88

0.21 (0.48%)

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Options
Smartsheet options imply 12.4% move in share price post-earnings, above median historical move »

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VALE

Vale

$13.90

0.62 (4.67%)

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  • 28

    Mar

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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NYSE market internals summary »

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MNK

Mallinckrodt

$23.24

0.54 (2.38%)

15:10
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Conference/Events
Mallinckrodt management to meet with Mizuho »

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  • 27

    Mar

SYMC

Symantec

$23.27

0.19 (0.82%)

15:10
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Options
Put buyers sizing up new positions in Symantec far downside strikes »

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  • 16

    Apr

GATX

GATX

$76.90

0.21 (0.27%)

15:08
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15:08
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Conference/Events
GATX management to meet with Mizuho »

Meetings to be held in…

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  • 25

    Mar

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    Mar

BA

Boeing

$375.00

2.9 (0.78%)

15:08
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Periodicals
DOT asks department watchdog to audit approval of Boeing 737, Bloomberg says »

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  • 19

    Mar

  • 28

    May

BA

Boeing

$375.07

2.97 (0.80%)

15:05
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Periodicals
Breaking Periodicals news story on Boeing »

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  • 19

    Mar

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    May

TME

Tencent Music

$19.33

0.2 (1.05%)

15:04
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03/19
15:04
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Options
Tencent options imply 12.9% move in share price post-earnings »

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  • 19

    Mar

NAII

Natural Alternatives International

$11.20

-0.17 (-1.50%)

15:01
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Natural Alternatives says Court of Appeals rules in its favor in patent suit »

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15:00
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General news
Treasury Closing Summary: »

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KEM

Kemet

$18.34

0.02 (0.11%)

14:56
03/19/19
03/19
14:56
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14:56
Conference/Events
Kemet management to meet with B. Riley FBR »

Meeting to be held in…

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  • 25

    Mar

DBD

Diebold

$11.07

-0.33 (-2.89%)

14:55
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14:55
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Diebold put volume heavy and directionally bearish »

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AMD

AMD

$25.68

2.43 (10.45%)

, GOOG

Alphabet

$1,195.81

12.15 (1.03%)

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AMD says Radeon GPUs being used for Google Stadia platform »

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2.43 (10.45%)

GOOG

Alphabet

$1,195.81

12.15 (1.03%)

GOOGL

Alphabet Class A

$1,199.72

11.63 (0.98%)

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  • 27

    Mar

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SIEN

Sientra

$9.26

0.05 (0.54%)

14:51
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Breaking Hot Stocks news story on Sientra »

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WNS

WNS Holdings

$52.87

-0.14 (-0.26%)

14:50
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Conference/Events
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  • 19

    Mar

  • 26

    Mar

JCOM

j2 Global

$86.67

0.76 (0.88%)

14:49
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Conference/Events
j2 Global management to meet with Wedbush »

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  • 25

    Mar

FDX

FedEx

$182.02

-0.4 (-0.22%)

14:49
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14:49
Options
Fedex options imply 8.9% move in share price post-earnings, above median historical move »

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  • 19

    Mar

  • 01

    Apr

  • 02

    Apr

SIEN

Sientra

$9.26

0.05 (0.54%)

14:48
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FDA posts warning letter sent to Sientra »

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IMASY

Inmarsat

$0.00

(0.00%)

14:46
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Inmarsat confirms receipt of potential $7.21 per share offer from PE consortium »

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TSLA

Tesla

$269.61

0.15 (0.06%)

14:45
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Tesla, Musk face dozens of suits, probes, CNBC says »

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  • 19

    Mar

GLUU

Glu Mobile

$10.46

0.59 (5.98%)

14:45
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Glu Mobile call volume above normal and directionally bullish »

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  • 19

    Mar

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