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NTAP

NetApp

$60.04

-0.08 (-0.13%)

06:44
11/14/19
11/14
06:44
11/14/19
06:44

NetApp price target raised to $70 from $60 at Credit Suisse

Credit Suisse analyst Matthew Cabral raised his price target for NetApp to $70 from $60 following the company's Q2 results, saying NetApp is beginning to show signs of recovery following a "difficult" start to the fiscal year. Cabral tells investors in a research note that he is increasingly optimistic that the worst is behind us for NetApp, with Q2 a critical first step on the path to recovery as Street EPS looks conservative ahead, and says that longer-term, he continues to like NetApp's all-flash mix and Data Fabric strategy. The analyst keeps an Outperform rating on the shares.

  • 20

    Nov

  • 12

    Dec

NTAP NetApp
$60.04

-0.08 (-0.13%)

09/30/19
MSCO
09/30/19
NO CHANGE
Target $41
MSCO
Underweight
NetApp checks show sequential decrease in storage demand, says Morgan Stanley
Morgan Stanley analyst Katy Huberty said her early channel checks suggest broad demand for storage was weaker quarter-over-quarter, which leads her to believes that NetApp and other storage vendors are likely to miss sales expectations at value-added resellers, or VARs, in the third calendar quarter. Her checks with VARs additionally indicate that performance with NetApp weakened incrementally and the level of discounting increased quarter-over-quarter, Huberty tells investors. Following her channel work, she reiterates an Underweight rating and $41 price target on NetApp shares.
10/10/19
GSCO
10/10/19
DOWNGRADE
Target $45
GSCO
Sell
NetApp downgraded to Sell from Buy at Goldman Sachs
Goldman Sachs analyst Rod Hall double downgraded NetApp to Sell from Buy with a price target of $45, down from $61. The company's guidance is optimistic in an environment where large enterprise spending appears to be deteriorating further, Hall tells investors in a research note. NetApp's fiscal 2020 revenue guidance implies a recovery in core product revenue growth despite the slowdown in July, says the analyst, who notes that his firm's analysis suggests large enterprise spending is likely to continue to decline in the midst of ongoing trade and economic uncertainty. Hall believes NetApp's fundamentals are likely to continue to weaken and his revised target price implies 12% downside.
11/06/19
OTRG
11/06/19
INITIATION
OTRG
Negative
OTR Global's read on NetApp's channel business is negative
OTR Global 's read on NetApp's channel business is negative saying checks indicate Q2 2020 remained weak due to competition, staff departures, and overall execution issues.
11/07/19
LBOW
11/07/19
NO CHANGE
LBOW
Neutral
NetApp Q2 estimates raised following checks at Longbow
Longbow analyst Nikolay Todorov raised his EPS forecast for NetApp's (NTAP) fiscal second quarter to the mid-point of guidance, which he notes is ahead of consensus, after a better than anticipated uptick in server and storage spending pointed to in his quarterly IT reseller checks. Though sales cycles remain elongate, resellers are forecasting a seasonal pickup in spending in the calendar fourth quarter, driven by an end of year budget flush, Todorov said. Following his storage and server industry checks, he keeps Neutral ratings on NetApp and HP Enterprise (HPE).

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ICON

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AMZN

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BA

Boeing

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SAGE

Sage Therapeutics

$61.00

-88.22 (-59.12%)

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SAGE

Sage Therapeutics

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ZM

Zoom Video

$69.61

-0.34 (-0.49%)

15:19
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$NSD

NASDAQ Market Internals

$0.00

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$NYE

NYSE Market Internals

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SPY

SPDR S&P 500 ETF Trust

$311.93

0.46 (0.15%)

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ASX

ASE Technology

$5.02

0.12 (2.45%)

15:04
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Upgrade
ASE Technology rating change  »

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ULTA

Ulta Beauty

$236.54

-2.82 (-1.18%)

15:04
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  • 05

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WCN

Waste Connections

$90.62

0.39 (0.43%)

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PYX

Pyxus

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CLDR

Cloudera

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0.065 (0.66%)

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CC

Chemours

$15.04

-0.375 (-2.43%)

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  • 09

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QCOM

Qualcomm

$82.18

0.1 (0.12%)

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TSM

TSMC

$54.38

1.21 (2.28%)

14:45
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Taiwan Semi call volume above normal and directionally bullish »

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FB

Facebook

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0.32 (0.16%)

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  • 09

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NWE

NorthWestern

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