|February 7, 2013|
|09:02 EDT||NTAP, SAP||SAP and NetApp announce strategic partnership|
SAP (SAP) and NetApp (NTAP) announced they are deepening their collaboration with the intent to support next-generation solutions, including the SAP HANA platform and SAP NetWeaver Landscape Virtualization Management software. By complementing innovative database solutions from SAP with NetApp's storage and data management solutions, the companies are providing customers with an agile data infrastructure for SAP applications that can help drive competitive advantage and reduces cost of ownership.
News For SAP;NTAP From The Last 14 Days
|October 13, 2015|
|12:19 EDT||SAP||On The Fly: Top stock stories at midday|
Stocks began the session in negative territory, but saw their lows a short time after the open and have recovered to be little changed near noon. The same pattern of a lower open and then a drift back to the flat line was seen yesterday as well. There has been little in the way of macroeconomic news as investors begin to turn their attention to the earnings season. One of the largest healthcare companies in the world, Johnson & Johnson (JNJ), reported on its results this morning and JPMorgan (JPM) and Intel (INTC) headline today's earnings schedule after the close. ECONOMIC EVENTS: In the U.S., NFIB's small business optimism index rose slightly to 96.1 in September, versus an expected downtick to a forecasted reading of 95.5. In China, imports dropped for the eleventh straight month, sliding 17.7% in yuan terms in September. Exports from the Asian giant, meanwhile, fell 1.1% last month. In Europe, the ZEW Center's index of German investor and analyst expectations fell to 1.9 in October, which was worse than the decline to 6.5 expected by economists. COMPANY NEWS: Molson Coors (TAP) was the best performer on the S&P 500, rising 10% after Anheuser-Busch InBev (BUD) said it is willing to pay 44 pounds per share in a proposed takeover of SABMiller (SBMRY). Such a deal, which would be valued near $106B, would create a brewer accounting for a third of global beer sales, but could benefit Molson Coors, which is seen as the most likely buyer of the MillerCoors joint venture it shares with SABMiller. In connection with the possible offer, AB InBev said it would agree to a fee of $3B payable to SABMiller if the deal fails to close due to a failure to obtain regulatory clearances or the approval of AB InBev shareholders. MAJOR MOVERS: Among the notable gainers was SAP (SAP), which rallied over 5% after it reported preliminary Q3 earnings that were higher than the same period of last year. Also rising was Wausau Paper (WPP), which jumped 39% after it agreed to be acquired by SCA for $513M in cash. Among the noteworthy losers was Ryder (R), which fell 8% after it cut its Q3 and FY15 comparable earnings guidance due to reduced earnings growth in its Fleet Management unit. Also lower was HeartWare (HTWR), which lost 16% after it said in a regulatory filing that it may not re-initiated enrollment in its MVAD clinical trial in November, as planned, after halting it on September 9. INDEXES: Near midday, the Dow was up 11.36, or 0.07%, to 17,143.22, the Nasdaq was up 3.88, or 0.08%, to 4,842.52, and the S&P 500 was up 0.12, or 0.01%, to 2,017.58.
|05:41 EDT||SAP||Nutanix announces new global partnership to run SAP applications|
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|05:24 EDT||SAP||SAP backs FY15 non-IFRS cloud, software revenue guidance of up 8%-10%|
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|05:19 EDT||SAP||SAP reports preliminary Q3 EPS EUR 0.98 vs. EUR 0.84 last year|
Reports preliminary Q3 non-IFRS cloud and software revenue up 19% to EUR 4.12B. Reports preliminary Q3 non-IFRS cloud subscriptions and support revenue up 116%% to EUR 600M. Reports preliminary Q3 new cloud bookings up 102%. Reports preliminary Q3 non-IFRS operating profit up 19% to EUR 1.62B.
|October 12, 2015|
|13:01 EDT||NTAP||Avnet, NetApp team to support partners in migrating to clustered data ONTAP OS|
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|10:00 EDT||NTAP||On The Fly: Analyst Upgrade Summary|
Today's noteworthy upgrades include: Bloomin' Brands (BLMN) upgraded to Strong Buy from Buy at CL King... Blue Buffalo Pet Products (BUFF) upgraded to Overweight at Morgan Stanley... Brandywine Realty (BDN) upgraded to Outperform from Neutral at Credit Suisse... CONMED (CNMD) upgraded to Buy from Neutral at Ladenburg... CVR Refining (CVRR) upgraded to Overweight from Equal Weight at Barclays... Charles River (CRL) upgraded to Market Perform from Underperform at Wells Fargo... Citizens Financial (CFG) upgraded to Buy from Neutral at Citi... Eni SpA (E) upgraded to Neutral from Reduce at Nomura... Entravision (EVC) upgraded to Outperform from Neutral at Wedbush... Exxon Mobil (XOM) upgraded to Equal Weight from Underweight at Barclays... Federated National (FNHC) upgraded to Buy from Neutral at Janney Capital... Goldman Sachs (GS) upgraded to Buy from Hold at Sandler O'Neill... Harris (HRS) upgraded to Overweight from Neutral at JPMorgan... Impala Platinum (IMPUY) upgraded to Outperform from Underperform at RBC Capital... MGIC Investment (MTG) upgraded to Outperform from Market Perform at Keefe Bruyette... Melco Crown (MPEL) upgraded to Outperform from Neutral at Credit Suisse... NetApp (NTAP) upgraded to Outperform from Neutral at Baird... Northrop Grumman (NOC) upgraded to Neutral from Underweight at JPMorgan... PBF Energy (PBF) upgraded to Equal Weight from Underweight at Barclays... PPG Industries (PPG) upgraded to Buy from Neutral at Goldman... RWE AG (RWEOY) upgraded to Buy from Hold at Societe Generale... Raytheon (RTN) upgraded to Overweight from Neutral at JPMorgan... The Advisory Board (ABCO) upgraded to Outperform from Market Perform at FBR Capital.
|07:56 EDT||NTAP||Analysts predict next dominos to fall in wake of EMC deal|
With Dell confirming this morning that it has struck a deal to acquire EMC (EMC), while maintaining VMware (VMW) as a publicly-traded company, analysts have been weighing in on what they see as the next potential deals in the space in the wake of the giant tech transaction. POTENTIAL TARGETS: Baird analyst Jayson Noland upgraded NetApp (NTAP) to Outperform, saying an attractive situation is lined up for the company amid low investor sentiment and industry consolidation. NetApp could be viewed as a key asset with EMC and Dell merging and Juniper (JNPR) reportedly hiring bankers to sell the company, Noland told investors in a research note. Further, field work indicates NetApp is viewed as the number two best positioned legacy storage provider behind EMC, said Noland, who raised his price target for NetApp shares to $40 from $35. Meanwhile, Oppenheimer's Ittai Kidron says that Citrix (CTXS) could be pressured to consider strategic alternatives, including a sale of the company, in the wake of Dell's acquisition of EMC. POTENTIAL BUYERS: With Dell acquiring EMC, Cisco (CSCO) will likely need to acquire either a Hybrid storage or All Flash Array asset, Summit Research analyst Srini Nandury told investors in a research note. Tintri, Tegile and Nimble Storage (NMBL) are the most likely candidates for Cisco, the analyst argues. It is also possible that Cisco might look to acquire NetApp, but the tech giant would likely be reluctant to spend the $10B needed to do the deal for an asset that is "past its prime," Nandury contends. The analyst thinks Nimble would make most sense for Cisco given the company's momentum and solid execution. GO-SHOP: EMC CEO Joseph Tucci confirmed while speaking on CNBC that the company's deal with Dell does include a "go-shop" clause, as indicated in prior media reports. Sources have told Reuters that IBM (IBM), HP (HPQ) and Cisco could be potential suitors for EMC, but the chances of a rival offer "are slim." PRICE ACTION: In pre-market trading following the deal announcement, EMC shares rose about 5% to $29.34, while VMware fell 2.8% to $76.50. Cisco, meanwhile, slipped fractionally to $27.85. Citrix closed Friday up 2% at just above $76 per share, while NetApp added 2.8% Friday to close at $33.16.
|07:23 EDT||NTAP||Nimble Storage a likely winner from EMC deal, says Oppenheimer|
Oppenheimer says that Dell's acquisition of EMC (EMC) will create additional growth, partnering and hiring opportunities for Nimble Storage (NMBL). The firm thinks that Nimble could partner with or be acquired by Cisco (CSCO), NetApp (NTAP), HP Enterprise (HPQ) and others in the wake of the deal.
|07:01 EDT||NTAP||Cisco likely needs deal if Dell, EMC merge, says Summit Research|
If Dell acquires EMC (EMC) as press reports indicate, Cisco (CSCO) would likely need to acquire either a Hybrid storage or All Flash Array asset, Summit Research analyst Srini Nandury tells investors in a research note. Tintri, Tegile and Nimble Storage (NMBL) are the most likely candidates for Cisco, the analyst argues. It is also possible that Cisco might look to acquire NetApp (NTAP), but tech giant would likely be reluctant to spend the $10B needed to do the deal for an asset that is "past its prime," Nandury contends. The analyst thinks Nimble would make most sense for Cisco given the company's momentum and solid execution.
|06:03 EDT||NTAP||NetApp upgraded to Outperform from Neutral at Baird|
Baird analyst Jayson Noland upgraded NetApp (NTAP) to Outperform saying an attractive situation is lined up for the company amid low investor sentiment and reports of industry consolidation. NetApp could be viewed as a key asset with EMC (EMC) and Dell potentially merging and Juniper (JNPR) reportedly hiring bankers to sell the company, Noland tells investors in a research note. Further, his field work indicates NetApp is viewed as the number two best positioned legacy storage provider behind EMC. Noland raised his price target for shares to $40 from $35. NetApp closed Friday up 89c to $33.16.
|October 9, 2015|
|17:35 EDT||NTAP||NetApp recommends shareholders reject 'mini-tender' offer by TRC Capital|
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|October 8, 2015|
|09:50 EDT||NTAP||Analysts doubt Dell buys EMC despite media reports|
Shares of IT services and software company EMC (EMC) are moving higher in early trading amid conflicting reports regarding M&A talks between the company and Dell, which is privately owned by founder Michael Dell and private-equity partner Silver Lake. Analysts weighing in on the potential for a deal generally expressed doubt that a takeover is likely, but agree that some alternate deal may make sense and could be struck between the two. CONFLICTING REPORTS: Last night, Liz Hoffman, Dana Mattioli and Joann Lublin of The Wall Street Journal reported that Dell and Silver Lake are in "advanced talks" to buy EMC, noting that one source indicated the deal being discussed calls for the buyers to spin off EMC's VMware (VMW) unit. Then, Re/code's Arik Hesseldahl reported that EMC has approached Dell in recent weeks about selling its VNX data storage business to the private technology company. The tech reporter, who has frequently reported on EMC and VMware in the past, contended that acquiring a unit would make more logical and financial sense for Dell than buying all of EMC. However, CNBC's David Faber subsequently contended, in keeping with the Journal, that Dell is in talks to acquire all of EMC for "above $27 per share," adding that a deal could be announced as soon as one week from now. ANALYST TAKES: Jefferies analyst James Kisner thinks a Dell/EMC combination makes sense if EMC were to buy Dell or the two were to merge. However, he thinks EMC going private or Dell buying EMC is not likely given EMC's size and his view that a VMware spin out is not likely. If EMC and Dell were to merge, HP Enterprises (HP) could be the "odd man out" and an EMC acquisition of NetApp (NTAP) would be less likely, Kisner told investors in a research note. JPMorgan analyst Rod Hall agrees that a takeout of EMC by Dell does not make a lot of sense given the relative sizes of the two companies and the likely desire of Michael Dell and Silver Lake to exit their investments. EMC buying Dell is more likely, Hall told investors in his own research note. The analyst views the combination of EMC's storage business with Dell's 20% share of the server market as "strategically logical," however. He also views the potential Dell, EMC tie-up as negative for HP Enterprise. Analysts at Oppenheimer were also cautious about a full merger between the companies, partly because the firm believes that such a deal would be difficult to execute, add the low-margin consumer business to EMC, and create more conflicts between EMC and Cisco (CSCO). WHAT'S NOTABLE: Elliott Management, which is pushing EMC to break up, is planning to give EMC most of October to answer its demands after a standstill agreement expired, Reuters reported on October 1, citing people familiar with the matter. Elliott hopes that the additional time will allow the data storage company to create a response that could avoid a bruising activist campaign, the report stated, adding that Elliott plans to keep quiet until October 21, when EMC is scheduled to report Q3 earnings. PRICE ACTION: In early trading soon after the opening bell, EMC shares gained 3.6% to $26.93, while VMware fell 3.7% to $79.05 and HP was flat near $28 per share.
|08:31 EDT||NTAP||Dell buying EMC not likely, but merger makes sense, says Jefferies|
Jefferies analyst James Kisner thinks a Dell/EMC combination makes sense with EMC buying Dell or a Dell/EMC merger. However, he thinks EMC going private or Dell buying EMC is not likely given EMC's size and his view that a VMware (VMW) spin out is not likely. If EMC and Dell were to merge, HP Enterprises (HP) could be the "odd man out" and an EMC acquisition of NetApp (NTAP) would be less likely, Kisner tells investors in a research note.
|06:59 EDT||NTAP||EMC, Dell deal could boost infrastructure valuations, says William Blair|
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|October 6, 2015|
|15:25 EDT||SAP||Amazon cloud announcement unlikely to sink Splunk, analysts say|
Amazon (AMZN) appears to be signaling an expanded presence in cloud-based data analytics, sending shares of incumbents in the space lower and prompting several analysts to weigh in on the e-commerce giant's potential impact. AMAZON CLOUD: Amazon is expected to announce a new "big data" analytics addition to Amazon Web Services, according to an October 4 Wall Street Journal report. The article follows the launch last week of Amazon Elasticsearch, adding further data crunching capabilities to the company's cloud computing platform. Commenting on the news, William Blair analyst Bhavan Suri said that Splunk (SPLK) investor concerns over Amazon are overblown. Elasticsearch is likely to remain primarily a document search platform rather than a direct competitor to Splunk's offerings, while Amazon's expected analytics announcement looks more likely to challenge Tableau (DATA) and Qlik (QLIK), the analyst argues. Meanwhile, FBR analyst Daniel Ives said that a tangential move into the data analytics space "makes a ton of strategic and financial sense" for Amazon, as the market is only about 10% penetrated despite aggressive expansion from Microstrategy (MSTR), IBM (IBM), Microsoft (MSFT), SAP (SAP), and others. That said, Ives cautioned that Amazon's ability to again disrupt the cloud space with this latest entry appear limited in the near term, with many companies already showing preference for pure-play analytics firms. Amazon may ultimately have to make a larger acquisition by picking up a Qlik, Tableau, or Splunk to gain traction, the analyst contended. PRICE ACTION: Splunk shares are down fractionally in afternoon trading after some earlier volatility, while Tableau and Qlik are showing respective losses of roughly 3.14% and 1.86%.