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-0.62| Last Update: 05/17/13 - 4:00 PM EDT |
| Volume: 18,518,743 |
| YTD Performance: 14.63% |
| Open: $38.93 |
| Previous Close: $38.46 |
| 52 Week Range: $26.26 - $39.15 |
| Oustanding Shares: 360,407,151 |
| Market Cap: 13,861,259,027 |
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| Qtr (04/13) | Qtr (07/13) | FY (04/13) | FY (04/14) | |
|---|---|---|---|---|
| Average Estimate | $0.54 | $0.37 | $1.66 | $1.92 |
| Number of Analysts | 12 | 10 | 12 | 12 |
| High Estimate | $0.59 | $0.43 | $1.71 | $2.03 |
| Low Estimate | $0.52 | $0.31 | $1.63 | $1.79 |
| Prior Year | $0.54 | $0.25 | $1.90 | $1.66 |
| Growth Rate (Year over Year) | 0.62% | 47.60% | -12.68% | 15.87% |
NetApp downgraded at UBSNTAP was downgraded to Neutral from Buy, said UBS. The company could struggle in the IT-as-a-service era given its narrow product focus. Price target was reduced to $37.
I am big believer in using bull call spreads when pessimistic about market direction.
If I see certain triggers, I may establish some long SPY puts.
NetApp numbers raised at JefferiesShares of NTAP now seen reaching $35, Jefferies said. Estimates also raised on continued good execution. Hold rating.
A rise in expectations and the possibility of a sell-the-news reaction have made the stock vulnerable.
Setting my sights on retail, network and storage, food and social media.
This fervor doesn’t seem backed by fundamentals.
NetApp upgraded at ArgusNTAP was upgraded from Hold to Buy, Argus said. $36 price target. Higher sales should drive margin growth.
NetApp downgraded at BairdNTAP was downgraded from Outperform to Neutral, Robert Baird said. $30 price target. Company is facing increased competition from EMC and others.