NetApp NTAP
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Tech pressures Nasdaq in volatile trading
NEW YORK (Reuters) - Stocks ended slightly higher in a third session marked by late-day swings, but the Nasdaq fell after NetApp gave a weak revenue forecast, casting doubt on the outlook for tech spending.
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Following the guidance-driven bloodletting seen today, BMO thinks NetApp ([[ NTAP ]] -12.3%) could be a buyout target. The networked storage giant is now worth just ~$6.5B and trades at just ~5x free ...
… bloodletting seen today, BMO thinks NetApp ( NTAP -12.3% ) could be a buyout target ..... net cash. FBN , which is upgrading NetApp , feels the same way, and believes ..... guidance being conservative. ( more on NTAP ) ( transcript ) Post your comment …
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US STOCKS-Tech pressures Nasdaq in volatile trading
NEW YORK, May 24 (Reuters) - U.S. stocks ended slightly higher in a third session marked by late-day swings, but the Nasdaq fell after NetApp gave a weak revenue forecast, casting doubt on the outlook for tech spending.
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In addition to NetApp's poor guidance and H-P's Autonomy issues, F5 ([[FFIV]] -7.9%) has been hit by a downbeat note from Deutsche's Brian Modoff that has implications of other enterprise IT names. ...
In addition to NetApp 's poor guidance and H-P's Autonomy issues , F5 ( FFIV -7.9% ) has been hit by a downbeat note from Deutsche's Brian …
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NetApp Provides Disappointing Outlook
NetApp NTAP delivered solid fourth-quarter results ..... optimistic outlook for the sustainable rate of NetApp 's revenue growth. We are placing the ..... revenue growth and 14% organic growth. NetApp 's gross margin of 58.4% was also in …
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Market preview: EU shares and U.S. stocks are higher despite some awful eurozone and Chinese PMI data. S&P Benchmark +0.1%. It could be because the EU says it wants Greece to stay in the eurozone, ...
… eurozone, although they are planning for a "Grexit." Following earnings, H-P is +7.6% and Pandora is +17% , but NetApp is -13% and Tiffany is -8.2% . Later : Kansas City Fed Mfg Survey, Fed's Dudley Post your comment!
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EMC: 10% Upside Likely By 2013
… Storage Arrays, called VMAX, that provide efficient Hybrid Cloud solutions. In a nutshell, EMC, like its competitor NetApp ( NTAP ), provides integrated solutions based on its intellectual property to customers so that these don't have to worry …
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Europe weighs on NetApp's outlook, stock slumps
SAN FRANCISCO (Reuters) - NetApp Inc on Wednesday forecast revenue below Wall Street's expectations and its chief executive warned of uncertainty in Europe, sending the data storage equipment...
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Though shares are down 18.1% AH thanks to the weak FQ1 guidance and lack of FY13 guidance accompanying its FQ4 report, NetApp ( NTAP ) insisted on staying positive during its earnings call, and only ...
… its FQ4 report , along with a lack of FY13 guidance, NetApp ( NTAP ) insisted on staying positive during its earnings call ..... while ignoring the fact FQ1 guidance implies the same for NetApp , in spite of its focus on some faster-growing segments …
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More on NetApp's FQ4: No explanation is provided for the soft FQ1 guidance in the earnings release. The guidance is another indication (I, II) of a tough IT spending environment, though the ...
More on NetApp 's FQ4 : No explanation is provided for the soft FQ1 guidance in the earnings ..... marketing expenses only rose 3% Y/Y, but R&D expenses rose 26%. NTAP -22.1% AH. EMC -3.6% . STEC -1.2% . Earnings call starts at …