|January 24, 2014|
|08:31 EDT||AVT, EMC, NTAP||NetApp EMC have positive read throughs from Avnet results, says Wells Fargo|
Wells Fargo reports that Avnet (AVT) said it had benefited from strong year-end enterprise IT demand, particularly in software and storage. The firm thinks the strong storage trends identified by Avnet bode well for NetApp (NTAP), EMC (EMC), and other storage vendors. The firm keeps a Market Perform rating on NetApp and an Outperform rating on EMC.
News For NTAP;EMC;AVT From The Last 14 Days
|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.
|June 24, 2015|
|09:38 EDT||AVT||Avnet upgraded to Buy from Hold at Cross Research|
|June 20, 2015|
|16:10 EDT||NTAP||NetApp participates in a conference call with UBS|
UBS IT Hardware Analyst Steve Milunovich hosts CEO George Kurian, who will discuss NetApp's technology, strategy and direction on a conference call to be held on June 24 at 1 pm. Webcast Link
|June 17, 2015|
|16:12 EDT||NTAP||Crossroads Systems updates on patent litigation after Markman hearing|
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|10:10 EDT||EMC||ClusterHQ announces collaboration with EMC |
ClusterHQ announced integration between ClusterHQ's Flocker container data management software and EMC's ScaleIO and EMC XtremIO storage solutions. As a result, developers and operations teams can architect and manage storage backends for Docker-based applications. EMC collaborated with ClusterHQ to develop pluggable storage drivers for ScaleIO and XtremIO solutions that enable flexible and portable shared storage for Docker.