Wednesday, November 17, 2010 6:25:21 PM
§ 1) Product Refresh-80% of the product line was updated/upgraded last week, across the high end and mid end hardware solutions. The refresh was more broad-based than in the past and was very well regarded by investors,
§ 2) Demand is strong for enterprise storage/virtualization (EMC),
§ 3) NTAP has been gaining share along with EMC (NPD data) from HPQ, IBM and ORCL,
§ 4) Short Interest is now 6% of the float and a number of shorts have added into the print. Expect to see some short covering on a weaker print limiting downside.
§ 5) The January quarter has historically been strong on the back of year-end budget spending and peers like EMC & IBM have stated that they do expect normal year-end spending-as a result cons. expectations for 5.5% Q/Q growth to sales of $1.26bn, vs. normal seasonality of up 8-12%, may be conservative. Whispers are higher at $1.3bn (most on the buyside are looking for 7% sequential sales growth in the Jan. quarter).
§ 6) Though a takeout of NTAP seems unlikely (we've heard CSCO, ORCL or IBM mentioned as suitors) given its price tag/market cap, it is nonetheless frequently brought up as a consolidation play within the space.
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_N/threadview?m=tm&bn=12910&tid=210790&mid=210790&tof=1&frt=1
Recent NTAP News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/20/2024 08:15:03 PM
- ネットアップ、クラウドベースのデータサービス強化のためAWSと戦略的協業契約を締結 • Business Wire • 09/20/2024 11:08:00 AM
- NetApp unterzeichnet strategische Kooperationsvereinbarung mit AWS zur Verbesserung Cloud-basierter Datendienste • Business Wire • 09/19/2024 07:27:00 PM
- NetApp signe un accord de collaboration stratégique avec AWS visant à améliorer les services de données basés sur le cloud • Business Wire • 09/19/2024 06:52:00 PM
- NetApp Signs Strategic Collaboration Agreement with AWS to Enhance Cloud-Based Data Services • Business Wire • 09/19/2024 12:00:00 PM
- アルバとネットアップが提携し、ITサービスを強化 • Business Wire • 09/19/2024 12:11:00 AM
- Aruba et NetApp entrent en partenariat pour renforcer l'offre IT • Business Wire • 09/19/2024 12:09:00 AM
- Aruba und NetApp vertiefen Partnerschaft, um IT-Angebote zu verbessern • Business Wire • 09/19/2024 12:08:00 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/18/2024 09:46:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/18/2024 08:15:03 PM
- Aruba and NetApp Partner to Elevate IT Offerings • Business Wire • 09/18/2024 12:00:00 PM
- NetApp Hosts Technology Sessions at 2024 Insight Conference in Las Vegas, Nevada • Business Wire • 09/17/2024 08:01:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/16/2024 08:30:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/12/2024 10:41:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/12/2024 10:40:47 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/12/2024 10:40:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/12/2024 10:39:44 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/12/2024 10:39:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/12/2024 10:38:17 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/12/2024 10:36:23 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/12/2024 10:35:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/12/2024 10:31:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/12/2024 10:27:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/12/2024 08:26:22 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 09/12/2024 08:20:58 PM
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