|March 13, 2014|
|09:28 EDT||NTAP, EMC||EMC shares may be pressured by NetApp layoffs, says Janney Capital|
Janney Capital said shares of EMC (EMC) may be pressured today following NetApp's (NTAP) disclosure of plans to layoff about 5% of its employees. Janney suspects competition may be having an impact on NetApp, which signals its pipeline may be weaker than expected heading into FY15.
News For EMC;NTAP From The Last 14 Days
|July 7, 2015|
|10:39 EDT||EMC||EMC looks to sell controlling stake in Syncplicity unit, Bloomberg says |
EMC is planning to divest control of its online file-sharing business Syncplicity to Skyview Capital as the company does not see the division as crucial to its core business, says Bloomberg. EMC will continue to hold a minority stake in Syncplicity which competes with cloud startup Box (BOX), added Bloomberg. Reference Link
|July 1, 2015|
|06:01 EDT||NTAP||Stocks with implied volatility below IV index mean; MU NTAP|
Stocks with implied volatility below IV index mean; Micron (MU) 38, NetApp (NTAP) 23 according to iVolatility.
|June 30, 2015|
|06:04 EDT||NTAP||Stocks with implied volatility below IV index mean; MU NTAP|
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|June 29, 2015|
|14:53 EDT||NTAP||Bankers see suitors being cool to NetApp amid competition, dealReporter says|
Two industry bankers said NetApp’s worsening performance and rising competition are leading to little or no strategic interest from potential suitors, reported dealReporter, according to contacts.
|10:02 EDT||EMC||HP deal for EMC 'more than a distinct possibility,' says Raymond James|
Noting that shares of both HP (HPQ) and EMC (EMC) have been stagnant, Raymond James analyst Brian Alexander repeated that he believes shareholders of both would earn substantial returns from a deal between the two and that he thinks an HP acquisition of EMC is "more than a distinct possibility." Alexander previously said in a note to investors on June 4 that he believed HP will ultimately buy EMC, including VMware (VMW). Assuming EMC is acquired for $32-$34 at various combinations of debt/stock, accretion for HP ranges from 39%-52%, Alexander calculates. Raymond James has a Market Perform rating on HP, a Strong Buy rating on EMC and an Outperform rating on VMware.
|June 25, 2015|
|07:03 EDT||NTAP||NetApp did little to alleviate investor concerns, says Piper Jaffray|
Piper Jaffray analyst Andrew Nowinski says NetApp's tech talk with new CEO George Kurian did little to alleviate investor concerns since no new initiatives were revealed. New management is continuing to execute the "failed strategy" that prior management initiated, Nowinski tells investors in a research note. He views shares as fairly valued and keeps a Neutral rating on NetApp.