Seeking Alpha

NTAP
NetApp, Inc.

5/23/2012, 9:49 PM ET
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NTAP Market Currents more »
  • 6:29 PM Though shares are down 18.1% AH thanks to the weak FQ1 guidance accompanying its FQ4 report, along with a lack of FY13 guidance, NetApp (NTAP) insisted on staying positive during its earnings call, and only blamed the guidance on macro issues and EMEA/public sector demand. Execs became defensive when asked about share loss, pointing to the limited growth seen by rivals while ignoring the fact FQ1 guidance implies the same for NetApp, in spite of its focus on some faster-growing segments.
    Comment!
    [Tech]
  • 5:11 PM More on NetApp's FQ4: No explanation is provided for the soft FQ1 guidance in the earnings release. The guidance is another indication (I, II) of a tough IT spending environment, though the possibility of additional market share losses to EMC and others is also strong. Sales & marketing expenses only rose 3% Y/Y, but R&D expenses rose 26%.  NTAP -22.1% AH. EMC -3.6%. STEC -1.2%. Earnings call starts at 5:30 PM ET (webcast). (PR)
    Comment!
    [Tech, Earnings, On the Move]
  • 4:04 PM NetApp (NTAP): FQ4 EPS of $0.66 beats by $0.03. Revenue of $1.7B (+19% Y/Y) beats by $20M. Expects FQ1 revenue of $1.4B-$1.5B and EPS of $0.34-$0.39, below consensus of $1.61B and $0.59. Shares -11.8% AH. (PR)
    1 Comment
    [Tech, Earnings, On the Move]
  • 12:10 AM Notable earnings after Wednesday's close: HPQ, NTAP, P, PVH, SNPS
    Comment!
    [Earnings]
  • Tuesday 5:35 PM Notable earnings after Wednesday's close: HPQ, NTAP, P, PVH, SNPS, SPLK
    1 Comment
    [Earnings]
  • Tuesday 11:42 AM Goldman's Bill Shope is encouraged by the huge product refresh announced yesterday by EMC (EMC +0.7%). Shope sees the company's new VMAX systems allowing it to re-take share in the high-end storage market, and believes its OneFS system, a product of the Isilon acquisition, will put EMC on better footing in the network-attached storage (NAS) market relative to NetApp (NTAP). He also likes EMC's continued embrace of flash memory. (earlier)
    Comment!
    [Tech, Quick Ideas]
NTAP in Focus more »
NTAP News more »
NTAP Instablog posts more »
  • Barchart's Morning Call 5/23
    Wed, May 23 • Jim Van Meerten • Comment!
  • Planning For Uncertainty
    Thu, Apr 19 • My Stock Analysis • Comment!
  • Stephen Mandel - Lone Pine Capital Q4/2011 Fund Portfolio
    Thu, Mar 8 • Dividend Sheet • 1 Comment
  • CENTRAL BANKS & DATA STOKE BULLS
    Thu, Feb 16 • David Fry • 3 Comments
  • Barchart Morning Call 2/15
    Wed, Feb 15 • Jim Van Meerten • Comment!
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Company Description

NetApp, Inc. (“NetApp”) is a leading provider of storage and data management solutions. We offer solutions for storing, managing, protecting and archiving business data. Our solutions are designed to lower the cost of managing and protecting our customers’ data while increasing their agility and... More

Sector: Technology
Industry: Data Storage Devices
Country: United States