New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 14, 2014
11:45 EDTNTAP, HILL, EMC, NMBLNetApp rises after earnings beat, Needham upgrade
Shares of storage systems provider NetApp (NTAP) are advancing after the company posted better than expected first quarter results and received positive analyst commentary. WHAT'S NEW: Last night, NetApp reported Q1 adjusted earnings per share of 60c and revenue of $1.49B, beating analysts' consensus estimates of 57c and $1.47B, respectively. Q1 adjusted gross margin was 64.3%. WHAT'S NOTABLE: NetApp forecast second quarter adjusted EPS of 66c-71c and revenue of $1.49B-$1.59B, compared to consensus of 69c and $1.53B, respectively. For fiscal 2015, the company sees EPS growth just under 10% and revenue growth in the mid-single digits. FY15 adjusted gross margin is seen at 63%-64%. On NetApp's Q1 conference call, management said it was seeing a rebound in enterprise spending in the U.S. ANALYST REACTION: This morning, analyst commentary was overwhelmingly positive. Needham upgraded NetApp to Buy from Hold following its strong Q1 report, citing better enterprise spending. Their price target was $49. Two firms, Piper Jaffray and Brean Capital, raised their respective price targets on NetApp and Pacific Crest said NetApp is "'undervalued and underappreciated," noting that the company's Q1 results included 13% earnings growth year-over-year. PRICE ACTION: In late morning trading, NetApp rose $1.47, or 3.7%, to $40.77 on heavy trading volume. Despite today's advance, the stock is down approximately 4% over the past 12 months. OTHERS TO WATCH: Other companies in the storage space include: EMC (EMC), Dot Hill Systems (HILL) and Nimble Storage (NMBL).
News For NTAP;EMC;HILL;NMBL From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
February 27, 2015
16:29 EDTEMCEMC decides against spinning off stake in VMware, Reuters reports
Subscribe for More Information
15:57 EDTEMCEMC decides against spinning off stake in VMware, Reuters reports
Subscribe for More Information
09:16 EDTEMCEMC to hold a conference call
VP-Product Management Josh Goldstein holds a conference call to discuss EMC XtremIO on February 27 at 1 pm. Webcast Link
07:34 EDTNMBLNimble Storage shares should be bought on weakness, says RBC Capital
RBC Capital is upbeat on Nimble Storage due to its focus on growing profitability and the firm's belief that the company is only one quarter away from generating positive, sustainable cash flow. The firm keeps a $45 price target and Outperform rating on the stock.
February 26, 2015
18:43 EDTNMBLOn The Fly: After Hours Movers
Subscribe for More Information
16:02 EDTNMBLNimble Storage sees Q1 EPS (14c)-(13c), consensus (12c)
Subscribe for More Information
16:01 EDTNMBLNimble Storage reports Q4 EPS (13c), consensus (14c)
Subscribe for More Information
15:30 EDTNMBLNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Monster Beverage (MNST), consensus 59c... Ross Stores (ROST), consensus $1.11... Gap (GPS), consensus 74c... Autodesk (ADSK), consensus 24c... Universal Health Services (UHS), consensus $1.50... Southwestern Energy (SWN), consensus 50c... Ensco (ESV), consensus $1.36... J.C. Penney (JCP), consensus 11c... Nimble Storage (NMBL), consensus (14c)... Herbalife (HLF), consensus $1.22... Allscripts Healthcare (MDRX), consensus 9c... SBA Communications (SBAC), consensus 2c... Aruba Networks (ARUN), consensus 27c... Splunk (SPLK), consensus 4c... Air Lease (AL), consensus 61c... Ingram Micro (IM), consensus 99c... Weight Watchers (WTW), consensus 7c... Northern Oil and Gas (NOG), consensus 19c... Envision Healthcare (EVHC), consensus 36c... Infoblox (BLOX), consensus 5c... Live Nation (LYV), consensus (41c)... OmniVision (OVTI), consensus 29c... Bonanza Creek Energy (BCEI), consensus 27c.
05:47 EDTEMCAtos and EMC to further strengthen strategic alliance
Subscribe for More Information
February 23, 2015
09:59 EDTNMBLOn The Fly: Analyst Initiation Summary
Subscribe for More Information
08:55 EDTNMBLNimble Storage initiated with a Buy at Monness Crespi
Subscribe for More Information
February 19, 2015
09:03 EDTNMBLNimble Storage surpasses 5,000 customer mark
Subscribe for More Information
February 18, 2015
09:45 EDTNTAPNetApp to participate in a conference call with Credit Suisse
Subscribe for More Information
February 17, 2015
17:13 EDTEMCPoint72 gives quarterly update on stakes
Subscribe for More Information
07:22 EDTNTAPMitsubishi UFJ to hold a tour
Subscribe for More Information
06:48 EDTNMBL, NTAPNimble Storage winning at NetApp's expense, says Piper Jaffray
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use