NTAP

August 18, 2018 Summary NetApp reported another very strong quarter in the last couple of days. Much of the upside was a function of some very large deals called ELAs, with the largest enterprise customers using NetApp’s Data Fabric. The company enjoyed gross margins significantly above its expectations – really above its aspirational goals. Once…

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NetApp: Shares For Sale

Feb. 19, 2018 Summary NetApp announced the results of its fiscal Q3 last week. Simply put, the results were a blow-out and the company increased its outlook for Q4 revenues. The shares pulled back sharply – close to 10% in the immediate wake of the release. At this price, the shares are on sale and…

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Nov. 28, 2017 Summary NetApp reported the results of its fiscal Q2 about 2 weeks ago. The results were a substantial upside in terms of revenues, margins and operating cash flow. Guidance was raised as well. While NetApp shares performed strongly in the wake of the earnings release and they have been a strong performer…

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Aug. 21, 2017 Summary NetApp reported the results of its fiscal Q1 last week. The results were a significant beat on EPS due to a significant and unanticipated increase in gross margins. Revenue was just a slight beat, but looking below the headline the company’s product revenues were quite strong rising 10% year on year.…

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Jul. 11, 2017 Summary The small universe of publicly traded enterprise storage companies has shown poor relative share price performance this year. That trend was highlighted last week in the wake of a misbegotten IPO from a wannabe enterprise storage vendor which allegedly was an analog to the prospects of its competitors. More far-fetched still…

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May 29, 2017 Summary NetApp announced the results of its fiscal Q4 late last week. The results were a substantial beat in terms of both earnings and revenues. The company continues dramatic progress in growing its all-flash array business, and it was able to overcome both a higher tax rate and component price increases to…

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Feb. 24, 2017 Summary NetApp reported the results of its fiscal Q3 that ended 1/31 last week. The company beat earnings expectations solidly based on significant management of operating expenses. Very significantly, the company, after more than 4 years of decline, saw the 1st growth in product revenues this past quarter. The company has gone…

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Nov. 18, 2016 Summary NetApp reported the results of its fiscal Q2 on Wednesday. The results were a significant beat on earnings, while revenues were at the mid-point of previous guidance. The company has forecast a substantial increase in EPS compared to the prior consensus and is forecasting a return to revenue growth. NetApp has…

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August 18, 2016 Summary NetApp reported the results of its fiscal Q1 the other day, and the headlines were a major beat on EPS and a modest beat in terms of revenues. Company guidance was more or less in line for the coming quarter. NetApp’s product revenue results were far more impressive than the headline…

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May 26, 2016 7:18 PM ET Summary NetApp’s quarterly earnings and revenues modestly missed consensus expectations yet again. The misses had been well telegraphed and anticipated and the shares have thus far held up better than some might have anticipated. The company actually guided fiscal 2017 above the consensus, and after adjusting for differences in…

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