Barclays Capital Gives Overweight Rating to NetApp (NTAP)

By admin | 6 years ago

NetApp (NASDAQ: NTAP)‘s stock had its “overweight” rating reiterated by investment analysts at Barclays Capital (NYSE: BCS) in a note issued to investors on Thursday.

NetApp opened at 28.82 on Thursday. NetApp has a 1-year low of $27.79 and a 1-year high of $55.88. The company has a market cap of $10.461 billion and a price-to-earnings ratio of 19.19.

NetApp last released its earnings data on Wednesday, May 23rd. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.63 by $0.03. The company’s quarterly revenue was up 19.0% on a year-over-year basis. Analysts expect that NetApp will post $0.65 EPS next quarter.

A number of other analysts have also recently weighed in on NTAP. Analysts at Deutsche Bank (NYSE: DB) cut their price target on shares of NetApp to $40.00 in a research note to investors on Thursday. Separately, analysts at Credit Suisse (NYSE: CS) cut their EPS estimates on shares of NetApp in a research note on Thursday. They now have a “neutral” rating and a $30.00 price target on the stock. Finally, analysts at Brean Murray Carret & Co. downgraded shares of NetApp from a “buy” rating to a “hold” rating in a research note to investors on Thursday.

NetApp, Inc. (NetApp) is a provider of storage and data management solutions. The Company has a portfolio of application, virtualization, cloud, and service provider solutions.

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