NetApp Now Covered by Analysts at Atlantic Securities (NTAP)
Equities research analysts at Atlantic Securities started coverage on shares of NetApp (NASDAQ:NTAP) in a research note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of NetApp in a research note to investors on Sunday, January 5th. One investment analyst has rated the stock with a sell rating, twenty-two have issued a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $44.29.
In other NetApp news, Chairman Daniel Warmenhoven sold 10,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $41.01, for a total value of $410,100.00. Following the completion of the sale, the chairman now directly owns 65,059 shares in the company, valued at approximately $2,668,070. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
NetApp (NASDAQ:NTAP) traded down 1.66% on Monday, hitting $39.70. 3,915,639 shares of the company’s stock traded hands. NetApp has a one year low of $32.75 and a one year high of $44.65. The stock has a 50-day moving average of $40.61 and a 200-day moving average of $41.03. The company has a market cap of $13.530 billion and a price-to-earnings ratio of 25.15.
NetApp (NASDAQ:NTAP) last posted its quarterly earnings results on Wednesday, November 13th. The company reported $0.66 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.63 by $0.03. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. On average, analysts predict that NetApp will post $2.70 earnings per share for the current fiscal year.
NetApp, Inc (NASDAQ:NTAP) is a provider of storage systems and data management solutions for information technology (IT) infrastructures.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.