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Fly News Breaks for February 14, 2019
Feb 14, 2019 | 09:05 EDT
Lake Street analyst Eric Martinuzzi lowered his price target for NetApp to $69 saying a slowdown in January drove a revenue miss and conservative guidance. Customers slowed purchasing due to macro uncertainty, Martinuzzi tells investors in a post-earnings research note. The analyst believes that while the next six months present challenges, flash, private cloud, and cloud data services position NetApp for revenue reacceleration in fiscal 2020. He keeps a Buy rating on the shares.
News For NTAP From the Last 2 Days
Apr 22, 2019 | 15:55 EDT
Bearish flow noted in NetApp with 2,343 puts trading, or 2x expected. Most active are 5/10 weekly 76 puts and May-19 80 calls, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 1.59, while ATM IV is up over 11 points on the day. Earnings are expected on May 22nd.