Posts for Ticker ‘NTAP’

52-Week High Club (DCI, NTAP, TSL)

Donaldson Company Inc (NYSE: DCI) rose over 8.5% to a yearly high of $45.19 after the air filter maker reported 3Q earnings of $0.45 per share, beating analyst estimates.  

NetApp Inc. (NASDAQ: NTAP) rose over 5.5% to a yearly high of $31.25 after the server maker reported profits of $0.37 per share, beating analysts estimates.  

Trina Solar Limited (NYSE: TSL) rose over 9.5% to a yearly high of $46.80 after the Chinese solar company reported 3Q profits of $1.29 per share, beating analyst estimates by nearly 50%.  

Garrett W. McIntyre

Posted on: November 19, 2009 – 7:05 pm in Autos, Earnings, Technology Companies, , , ,

Top 10 Analyst Upgrades & Downgrades (ATK, CELG, NTAP, NVLS, WMT, ATHN, ARNA, BK, GENZ, Q)

These are the top 10 analyst upgrades, downgrades, and initiations we have seen early this Monday morning:

Alliant Techsystems (ATK) Started as Buy at Jefferies.
Celgene (CELG) raised to Outperform at R.W.Baird.
NetApp (NTAP) raised to Conviction Buy List at Goldman Sachs
Novellus (NVLS) Raised to Outperform at Credit Suisse.
Wal-Mart (WMT) Started as Overweight at HSBC.
Athenahealth (ATHN) started as Sell at Citigroup.
Arena Pharmaceuticals (ARNA) cut to Market Perform at Leerink Swann.
Bank of New York Mellon (BK) Cut to Neutral at Goldman Sachs.
Genzyme (GENZ) Cut to Perform at Oppenheimer.
Qwest (Q) Cut to Conviction Sell List, but was already a Sell, at Goldman Sachs.

JON C. OGG

Posted on: September 21, 2009 – 8:21 am in Analyst Calls, , , , , , , , , ,

Top Analyst Upgrades (BCS, BBBY, DLTR, EMC, GHL, HCN, NTAP, SNH, WSM, INTC)

These are this morning’s top pre-market analyst upgrades, initiations, and positive broker research calls we have seen early this Thursday morning from Wall Street firms:

  • Barclays (BCS) Raised to Outperform at KBW.
  • Bed Bath & Beyond (BBBY) Started as Buy at Citigroup.
  • Dollar Tree (DLTR) Raised to Overweight at Barclays.
  • EMC Corp (EMC) Started as Buy at Citigroup.
  • Greenhill & CO. (GHL) Raised to Neutral from Sell at Goldman Sachs.
  • Health Care REIT (HCN) Started as Outperform at Wells Fargo.
  • NetApp (NTAP) Started as Buy at Citigroup.
  • Senior Housing (SNH) Raised to Outperform at Wells Fargo.
  • Williams-Sonoma (WSM) Started as Buy at Citigroup.

Elsewhere, JPMorgan is maintaining a cautious stance on Intel Corp. (NASDAQ: INTC) on poor demand expectations, but it raisedx its target to $17.00 from $12.00.

JON C. OGG

Posted on: August 27, 2009 – 8:19 am in Analyst Calls, , , , , , , , , ,

Top Day Trader Alerts (PETM, GOOG, STP, NTAP, SHLD, EDAP)

These are this Tuesday’s top day trader and active stock alerts.  We have more detailed data on volume and price analysis with links through to VSInvestor.com on each stock:

PetSmart Inc. (NASDAQ: PETM) was dropping worse than last night and down almost 12% after beating earnings but giving weak guidance.

Google Inc. (NASDAQ: GOOG) is trading up close to 2% after a Goldman Sachs upgrade this morning.

Suntech Power Holdings Co. Ltd. (NYSE: STP) was down but then traded up marginally despite a huge earnings drop and a weaker than prior target Megawatt shipment goal.

NetApp, Inc. (NASDAQ: NTAP) is one of the more active issues and down close to 5% after beating earnings.  Guidance was not very committed and its CEO being replaced sent shares scrambling.

Sears Holdings Corporation (NASDAQ: SHLD) is down over 10% as Wall Street does not want to see any more losses from Lampert and friends.

EDAP TMS SA (NASDAQ: EDAP) was an exponential runner late yesterday and is up another 20% this morning on what is already exponential volume.

-The 24/7 Wall Street Team

Posted on: August 20, 2009 – 9:06 am in Pre-Market Activity, Trading Alert, , , , , ,

NetApp CEO Replacement Trumps Earnings (NTAP)

NTAP LogoNetApp, Inc. (NASDAQ: NTAP) just gave its earnings for its first quarter of Fiscal-2010, and it is a mixed bag.  The storage and data management company said that non-GAAP earnings were $0.22 EPS and said revenues fell 4% from last year’s Q1 to $838 million.  Thomson Reuters had estimates of $0.20 EPS and $828.3 million in revenues.  A key management change is trumping earnings today.
Read More »

Posted on: August 19, 2009 – 4:17 pm in Earnings, Management Change, Technology Companies,

Can NetApp Earnings Continue The Run? (NTAP, DDUP, EMC)

NTAP LogoNetApp, Inc. (NASDAQ: NTAP) is set to report earnings after the close of trading on Wednesday.  What will be interesting to see is if the company can maintain its old history of growth despite losing the Data Domain, Inc. (NASDAQ: DDUP) bidding war to EMC Corp. (NYSE: EMC).  Thomson Reuters has estimates pegged at $0.20 EPS and $828.3 million in revenues.

Because estimates had been lowered and expectations were crushed in the Q1 period, the company did handily beat earnings estimates.  But the Wednesday expectations compare to year ago results of $0.22 EPS on $868.77 million in revenue.  If the company gives guidance, the estimates for the coming quarter are $0.30 EPS on more than $862.2 million in revenues.
Read More »

Posted on: August 18, 2009 – 3:02 pm in Earnings, Technology Companies, , ,

Top 10 Analyst Upgrades and Downgrades (ATHN, CMO, CYOU, CTXS, EBAY, LOGI, NTAP, SANM, SNDA, VMW)

These are the top ten analyst upgrades and downgrades we have seen from Wall Street this Thursday morning:

AthenaHealth (ATHN) Started as Buy at Maxim.
Capstead Mortgage (CMO) Cut to Market Perform at KBW.
Changyou.com (CYOU) Cut to Neutral at Susquehanna.
Citrix Systems (CTXS) Cut to Hold at Needham.
eBay (EBAY) Raised to Outperform at RBC.
Logitech (LOGI) Cut to Neutral at UBS.
Network Appliance (NTAP) Raised to Overweight at Piper Jaffray.
Sanmina-SCI (SANM) Raised to Neutral at Credit Suisse.
Shanda Interactive (SNDA) Cut to Negative at Susquehanna.
VMware (VMW) Raised to Buy at Needham.

Jon C. Ogg
July 23, 2009

Posted on: July 23, 2009 – 7:19 am in Analyst Calls, , , , , , , , , ,

Top 10 Analyst Upgrades and Downgrades (BBBB, CTXS, EXPE, IP, NTAP, NOK, PKG, PETS, TNK, USB)

These are this Tuesday morning’s top ten analyst calls with upgrades, downgrades, and initiations we have seen in early trading from Wall Street firms:

Blackboard (BBBB) Cut to Neutral at BofA/Merrill.
Citrix Systems (CTXS) Cut to Underperform at BofA/Merrill.
Expedia (EXPE) Started as Buy at Deutsche Bank.
International Paper (IP) Raised to Buy at Deutsche Bank.
NetApp (NTAP) Raised to Accumulate at ThinkEquity.
Nokia (NOK) Cut to Hold from Buy at Jefferies.
Packaging Corp (PKG) Raised to Buy at Deutsche Bank.
PetMed Express (PETS) Raised to Overweight at Piper Jaffray.
Teekay Tankers (TNK) Raised to Overweight at JP Morgan.
US Bancorp (USB) Started as Outperform at Credit Suisse.

JON C. OGG
JULY 21, 2009

Posted on: July 21, 2009 – 7:08 am in Analyst Calls, , , , , , , , , ,

Goldman Sachs Upgrades & Downgrades in Tech (IBM, EMC, NTAP, CA, DELL, ARW, HPQ, STX, WDC, AAPL, MSFT, ORCL, SYMC)

Goldman Sachs is out with some key calls in technology sector today.  While some calls are positive, our take on this is more of a cautious stance due to the broad nature of some of the downgrades.  Among the individual calls is a downgrade of IBM (NYSE: IBM) to Neutral rather its prior “Buy” rating based on limited upside to its $120 target.  Both EMC (NYSE: EMC) and NetApp, Inc. (Nasdaq: NTAP) were resumed with coverage with “Neutral” ratings. CA, Inc. (NYSE: CA) was also downgraded to Neutral from Buy.

The firm raised Dell Inc. (NASDAQ: DELL) to the Conviction Buy List based on its operating leverage and a return in teh second half for PC sales.  Goldman is also reiterating the “Buy” ratings on both Arrow Electronics, Inc. (NYSE: ARW) and Hewlett-Packard (NYSE: HPQ). Arrow is based on its operations and its relative underperformance.  The call in H-P is based upon some recovery in the printer business and on some expected strength in the second half for the PC sector.  On the storage side, Seagate Technology (NASDAQ: STX) was raised to “Buy” from Neutral, while Western Digital Corp. (NYSE: WDC) was cut to Neutral from Buy.

Apple Inc. (NASDAQ: AAPL) was maintained as Buy rating and saw its price target raised to $160 from $145.  On the software side, Microsoft Corporation (NASDAQ: MSFT), Oracle Corp. (NASDAQ: ORCL), and Symantec Corporation (NASDAQ: SYMC) remain its favorite picks.

The ratings for the sector are attractive.  There is good news here, but the sector call is broad enough that the impact may be limited.  And some of the caution may further weigh on the otherwise would-be winners today.

Jon C. Ogg
July 10, 2009

Posted on: July 10, 2009 – 7:49 am in Analyst Calls, Semiconductor, Software, Technology Companies, , , , , , , , , , , , ,

Top Day Trader Alerts (AA, CENX, NTAP, DDUP, EMC, RIGL, NVAX, HGSI, CPKI, SCSC)

Money Stack ImageThese are some of the this morning’s top day trader alert stocks to watch based on pre-market and after-hours volume activity.  These have links through to more detailed trading and volume analysis covered at the Volume Spike site VSInvestor.com:

  • Alcoa Inc. (NYSE: AA) shares are ones to watch for a volume spike higher after the company beat Q2 expectations by 12 cents a share and saw signs of auto market stability. Also watch rival Century Aluminum (Nasdaq: CENX) for possible upside.
  • NetApp Inc. (Nasdaq: NTAP) shares are pointing higher as the company saved some dough, and actually made a little, by losing its bid for data storage company Data Domain Inc. (Nasdaq: DDUP) to EMC Corp. (NYSE: EMC).
  • Rigel Pharmaceuticals Inc. (Nasdaq: RIGL) shares are up very strongly on clinical trial data that raised expectations for a partnership.
  • Novavax Inc. (Nasdaq: NVAX) shares are up more than 10 percent with nearly 100,000 shares traded in the pre-market after the company announced a joint venture in India with Cadila Pharmaceuticals, called CPL Biologicals.
  • Human Genome Sciences Inc. (Nasdaq: HGSI) shares are rising on strong volume on a New England Journal of Medicine publication regarding its Raxibacumab as a treatment for anthrax.
  • California Pizza Kitchen Inc. (Nasdaq: CPKI) shares will be ones to watch for a potential volume spike higher after the company guided Q2 profit higher.
  • ScanSource Inc. (Nasdaq: SCSC) shares could be active in early Thursday trading after the company guided higher for its fiscal Q4, ended in June.

-The 24/7 Wall St. Team

Posted on: July 9, 2009 – 7:49 am in After-Hours Activity, Pre-Market Activity, Trading Alert, , , , , , , , , ,

What The Ultimate Data Domain Buyer Really Wins (DDUP, EMC, NTAP, SYMC, CSCO, JNPR)

Money Stack ImageData Domain, Inc. (NASDAQ: DDUP) keeps getting higher and higher bids in the bidding war that has erupted between EMC Corp. (NYSE: EMC) and NetApp, Inc. (NASDAQ: NTAP).  Interestingly enough, this has an implication for Symantec Corporation (NASDAQ: SYMC) as well.  There is one question that keeps coming up… Why Is Data Domain worth so much to these companies???
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Posted on: July 6, 2009 – 11:57 am in Mergers and Buy Outs, Software, Technology Companies, , , , , ,

Top Analyst Calls (BT, CSCO, EMC, HAS, ITW, MAT, NTAP, OMC, TEN, VECO)

These are some of the top pre-market analyst upgrades and positive research calls we have seen from Wall Street with more than two hours until the market opens:

BT Group (BT) Raised to Overweight at Morgan Stanley.
Cisco Systems (CSCO) Started at Canaccord.
EMC Corp. (EMC) Started at Canaccord.
Hasbro (HAS) Started as Buy at KeyBanc.
Illinois Tool Works (ITW) Raised to Outperform at William Blair.
Mattel (MAT) Started as Buy at KeyBanc.
NetApp (NTAP) Started as Buy at Canaccord.
Omnicom (OMC) Raised to Outperform at Oppenheimer.
Tenneco (TEN) Raised to Overweight at JPMorgan.
Veeco Instruments (VECO) Started as Buy at Merriman Curhan Ford.

JON C. OGG

Posted on: June 16, 2009 – 6:25 am in Analyst Calls, , , , , , , , , ,

Media Digest 6/16/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   The US outlined new financial market reforms.

Reuters:   Obama lobbied MDs on his new healthcare package.

Reuters:   Russia hosted the first BRIC summit.

Reuters:   B of A’s (BAC) BlackRock (BLK) stake is more appealing.

Reuters:   Samsung and Nokia (NOK) are pushing into smartphones. (MOT)(AAPL)(RIMM). Read More »

Posted on: June 16, 2009 – 3:01 am in Autos, Banking, Drug companies, Healthcare, Housing, Labor & Unions, Management Change, Media, PC Companies, Pharmaceuticals, Press Digest, Technology, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Arbitrage Risk/Reward Inverted on Data Domain (DDUP, NTAP, EMC)

Money Stack ImageThe long battle over Data Domain Inc. (NASDAQ: DDUP) may soon be coming to an end.  NetApp Inc. (NASDAQ: NTAP) appears to be coming out ahead of EMC Corp. (NYSE: EMC) as Data Domain told its shareholders on that they should not accept the takeover offer from EMC Corp. and back the NetApp deal.  What is interesting here is that if the would-be higher price target is true, then the risk/reward matrix for merger-arbitrage traders has actually inverted.
Read More »

Posted on: June 15, 2009 – 10:21 am in Mergers and Buy Outs, Rumors, Technology Companies, , ,

Media Digest 6/15/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   The heads of the emerging markets, the so-called BRICs, held their first global summit.

Reuters:   Obama will be tested this week on financial reforms.

Reuters:   Rich nations are working on an exit from stimulus packages.

Reuters:   Pfizer (PFE) is trying to do deals to improve its emerging market presence. Read More »

Posted on: June 15, 2009 – 3:01 am in Press Digest, , , , , , , , , , , , , , , , , , , , , , , , ,

Media Digest 6/4/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   GM and Chrysler said closing dealers was essential to their restructuring.

Reuters:   The Justice Department is probing big tech employee recruiting.

Reuters:   Medical bills underlay 60% of American bankruptcies. Read More »

Posted on: June 4, 2009 – 3:00 am in Airlines, Autos, Banking, Biotech, Commodities, Mergers and Buy Outs, Metals, Press Digest, Satellite, Technology, , , , , , , , , , , , , , , , ,

Data Domain Bidding War Heats Up (DDUP, NTAP, EMC)

money-stack-imageThe war for Data Domain, Inc. (NASDAQ: DDUP) is heating up.  It was first NetApp, Inc. (NASDAQ: NTAP) that offered to buy the company.  Then EMC Corp. (NYSE: EMC) came out with a challenging bid.  Now, NetApp is back with a higher revised buyout offer.  The new offer values Data Domain at $30.00 per share.  Traders believe an all-out bidding war may be about to break out.
Read More »

Posted on: June 3, 2009 – 7:12 am in Mergers and Buy Outs, Technology Companies, , ,

NetApp Averts Possible Takeover For Now By Acquiring Data Domain (NTAP, DDUP)

Money Stack ImageNetApp, Inc. (NASDAQ: NTAP) has long been considered a potential takeover target by many traders and investors.  Yet this morning the company announced that it was a making a play of its own.  It is paying approximately $1.5 billion net of cash to acquire rival Data Domain Inc. (NASDAQ: DDUP) for the data backup and recovery operations.
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Posted on: May 21, 2009 – 8:05 am in Mergers and Buy Outs, Software, Technology Companies, ,

Top 10 Analyst Calls (CMG, FTO, GS, NTAP, OSG, SBUX, SYY, TK, WRI, YUM)

These are the top 10 analyst calls we have seen early this Wednesday morning from Wall Street:

Chipotle Mexican Grill (CMG) Raised to Outperform at William Blair.
Frontier Oil (FTO) Cut to Hold at Deutsche Bank.
Goldman Sachs (GS) Cut to Neutral at JPMorgan.
Network Appliance (NTAP) Raised to Buy at Merriman Curhan Ford.
Overseas Shuipholding (OSG) Cut to Neutral at JPMorgan.
Starbucks (SBUX) Cut to Sell at Deutsche Bank.
Sysco (SYY) Cut to Neutral at JPMorgan.
Teekay (TK) Cut to Neutral at JPMorgan.
Weingarten Realty (WRI) Raised to Market Perform at Wachovia.
YUM Brands (YUM) Raised to Overweight at JPMorgan.
JON C. OGG

Posted on: April 15, 2009 – 6:58 am in Analyst Calls, , , , , , , , , ,

Yahoo! Confirms Bartz As CEO, With A Twist (YHOO, ADSK, CSCO, INTC, NTAP)

Yahoo_logoYahoo! Inc. (NASDAQ: YHOO) has now confirmed reports that the former head of Autodesk (NASDAQ: ADSK) Carol Bartz will become CEO of the troubled search and online media company.  But this is also coming with a twist as a top Yahoo executive who was considered for the job also is resigning.

Read More »

Posted on: January 13, 2009 – 5:12 pm in Internet, Management Change, , , , ,