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NTAP

NetApp

$78.90

0.04 (0.05%)

, PSTG

Pure Storage

$19.41

0.13 (0.67%)

08:04
11/14/18
11/14
08:04
11/14/18
08:04

Checks point to continued momentum at NetApp, Pure Storage, says Stifel

Stifel analyst Matthew Sheerin said his checks with storage-focused value-added-resellers pointed to continued strong external storage sales momentum in the September quarter, adding that he is expecting relatively strong results for NetApp (NTAP) and Pure Storage (PSTG), which he believes are both market share gainers. Though positively biased on fundamentals for both stocks, he continues to favor NetApp, Sheerin tells investors. He maintains a Buy rating on NetApp and a Hold rating on Pure Storage.

NTAP

NetApp

$78.90

0.04 (0.05%)

PSTG

Pure Storage

$19.41

0.13 (0.67%)

  • 14

    Nov

  • 19

    Nov

  • 26

    Nov

NTAP NetApp
$78.90

0.04 (0.05%)

11/14/18
LOOP
11/14/18
NO CHANGE
Target $98
LOOP
Buy
NetApp positioned as leading beneficiary in storage adoption, says Loop Capital
Loop Capital analyst Ananda Baruah kept his Buy rating and $98 price target on NetApp (NTAP) after holding a call to discuss storage adoption trends with an official at Affiliated Computer Services consultancy who oversees the design, sale and integration of IT solutions with enterprise customers. The analyst notes that the consultant highlighted NetApp's near and intermediate term positioning in All Flash Array technology, adding that the company is "able to use its market leadership credibility and its portfolio strength to maintain market leadership" after two years of success. Baruah further cites the consultant's expectation of All Flash Array build-out lasting "another 2-3 years before reaching 'normalized' adopted levels."
10/24/18
LOOP
10/24/18
NO CHANGE
Target $98
LOOP
Buy
Market undervalues NetApp services offerings, says Loop Capital
Loop Capital analyst Ananda Baruah kept his Buy rating and $98 price target on NetApp after attending its Insight User Conference. The analyst says he remains "as enthusiastic" about his bullish thesis, with an added belief that the company could offer "even more muscle than we realize". Baruah further contends that the market may be underappreciating NetApp's "full force" of services offerings being cultivated for the "Cloud world" as its portfolio of Public Cloud software is "robust and holds great long-term promise".
10/23/18
SUSQ
10/23/18
NO CHANGE
SUSQ
Susquehanna downgrades Enterprise Hardware sector on cloud downturn
Susquehanna analyst Mehdi Hosseini downgraded his sector view for Enterprise Hardware, stating that top executives at Cloud service providers and Enterprise customers appear to have become more cautious about 2019 spending plans and the "digestion period" he has been anticipating by YE18 and into 1H19 appears to have evolved into a more worrisome "downturn." In the sector, as previously reported, Hosseini downgraded NetApp (NTAP) to Neutral from Positive, stating that it is unclear how sizable HCI and Cloud will be to NetApp in the near-term, while the core business enters a period of tough comparisons. He is also maintaining his Negative rating on Nutanix (NTNX) and Neutral ratings on HP Enterprise (HPE) and Pure Storage (PSTG).
10/23/18
SUSQ
10/23/18
DOWNGRADE
Target $85
SUSQ
Neutral
NetApp downgraded to Neutral ahead of tough comparisons at Susquehanna
As previously reported, Susquehanna analyst Mehdi Hosseini downgraded NetApp to Neutral from Positive, stating that it is unclear how sizable HCI and Cloud will be to NetApp in the near-term, while the core business enters a period of tough comparisons. He also expressed caution over declining NAND average selling prices resulting in lower list SSD prices and an overall Enterprise/Cloud backdrop that is setting up for a downturn. Hosseini lowered his price target on NetApp shares to $85 from $105.
PSTG Pure Storage
$19.41

0.13 (0.67%)

10/17/18
GSCO
10/17/18
UPGRADE
Target $23
GSCO
Neutral
Pure Storage upgraded to Neutral from Sell at Goldman Sachs
Goldman Sachs analyst Rod Hall upgraded Pure Storage (PSTG) to Neutral and raised his price target for the shares to $23 from $18. The analyst this morning also upgraded NetApp (NTAP) to Conviction Buy from Neutral. Hall, who believes Pure Storage has been losing share in the all-flash array market, thinks the company is positioned to benefit from an improving storage market.
10/15/18
JMPS
10/15/18
NO CHANGE
Target $26
JMPS
Outperform
Pure Storage pullback a buying opportunity, says JMP Securities
JMP Securities analyst Erik Suppiger said his recent meetings with Pure Storage management reaffirmed his confidence in the company's fundamentals, stating that the competitive landscape is growing "marginally more favorable" given the challenges at Dell EMC and if the recent decline in NAND flash memory pricing should continue it may enable the company to compete in a broader portion of the hard disk drive market. The analyst, who views a 21% pullback from its highs of 30 days ago as a buying opportunity, keeps an Outperform rating and $26 price target on Pure Storage.
10/10/18
WBLR
10/10/18
NO CHANGE
WBLR
Outperform
Pure Storage will steadily take share in $35B market, says William Blair
After hosting European investor meetings with CFO Tim Riitters, William Blair analyst Jason Ader has "increased confidence" in both Pure Storage's near-term business trends and longer-term growth prospects and competitive differentiation. Pure will steadily take share in its $35B storage total addressable market given the secular trend toward all-flash arrays and the company's leverage to "robust" spending areas, including SaaS data centers, Ader tells investors in a research note. The analyst keeps an Outperform rating on the shares.

TODAY'S FREE FLY STORIES

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Banco Macro

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-3.75 (-9.80%)

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BBAR

BBVA

$5.29

-0.575 (-9.80%)

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PCG

PG&E

$10.29

-4.01 (-28.04%)

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EL

Estee Lauder

$197.12

17.86 (9.96%)

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MYOV

Myovant Sciences

$7.90

0.92 (13.18%)

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NM

Navios Maritime

$4.98

0.58 (13.18%)

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REPYY

Repsol

$0.00

(0.00%)

11:56
08/19/19
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11:56
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11:56
Downgrade
Repsol rating change  »

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MLM

Martin Marietta

$254.47

-0.27 (-0.11%)

11:56
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Conference/Events
Martin Marietta management to meet with Jefferies »

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  • 19

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GGAL

Grupo Financiero

$15.57

-2.14 (-12.08%)

11:55
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Options
Grupo Financiero put volume heavy and directionally bearish »

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RDS.A

Royal Dutch Shell

$56.25

0.7 (1.26%)

, RDS.B

Royal Dutch Shell

$56.37

0.815 (1.47%)

11:49
08/19/19
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11:49
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11:49
Downgrade
Royal Dutch Shell, Royal Dutch Shell rating change  »

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RDS.A

Royal Dutch Shell

$56.25

0.7 (1.26%)

RDS.B

Royal Dutch Shell

$56.37

0.815 (1.47%)

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11:37
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General news
3-Month Bill Auction Total Amount data reported »

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GFF

Griffon

$18.28

0.45 (2.52%)

11:33
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Conference/Events
Griffon management to meet with Sidoti »

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  • 21

    Aug

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SPY

SPDR S&P 500 ETF Trust

$292.26

3.47 (1.20%)

, SPX

S&P 500

$0.00

(0.00%)

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General news
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SPY

SPDR S&P 500 ETF Trust

$292.26

3.47 (1.20%)

SPX

S&P 500

$0.00

(0.00%)

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APO

Apollo Global

$34.20

2.17 (6.77%)

, TGNA

Tegna

$15.82

0.74 (4.91%)

11:29
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Periodicals
Apollo tells Bloomberg didn't approach Tegna about selling stations to Tegna »

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APO

Apollo Global

$34.20

2.17 (6.77%)

TGNA

Tegna

$15.82

0.74 (4.91%)

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  • 05

    Sep

BSET

Bassett Furniture

$12.48

0.49 (4.09%)

11:25
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Conference/Events
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  • 21

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UBER

Uber

$35.52

0.3 (0.85%)

, SQ

Square

$64.15

1.24 (1.97%)

11:25
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Periodicals
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UBER

Uber

$35.52

0.3 (0.85%)

SQ

Square

$64.15

1.24 (1.97%)

WE

We Company

$0.00

(0.00%)

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WORK

Slack Technologies

$31.00

0.995 (3.32%)

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Options
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  • 04

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General news
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LDL

Lydall

$20.30

0.395 (1.98%)

11:20
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Conference/Events
Lydall management to meet with Sidoti »

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  • 21

    Aug

HCSG

Healthcare Services

$22.26

0.17 (0.77%)

11:18
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Conference/Events
Healthcare Services management to meet with Sidoti »

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  • 21

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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VRAY

ViewRay

$4.51

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  • 09

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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