-=NetApp (NTAP) reported earnings on Tue 29 Nov 22 (a/h)

 

NetApp beats by $0.15, reports revs in-line; guides Q3 EPS below consensus, revs below consensus; guides FY23 EPS in-line, revs below consensus 

• Reports Q2 (Oct) earnings of $1.48 per share, excluding non-recurring items, $0.15 better than the S&P Capital IQ Consensus of $1.33; revenues rose 6.2% year/year to $1.66 bln vs the $1.67 bln S&P Capital IQ Consensus.
• Co issues downside guidance for Q3, sees EPS of $1.25-1.35, excluding non-recurring items, vs. $1.44 S&P Capital IQ Consensus; sees Q3 revs of $1.525-1.675 bln vs. $1.71 bln S&P Capital IQ Consensus.
• Co issues guidance for FY23, sees EPS of $5.30-5.50, excluding non-recurring items, vs. $5.50 S&P Capital IQ Consensus; sees FY23 revs of +2-4% yr/yr, implying $6.44-6.57 bln vs. $6.76 bln S&P Capital IQ Consensus.

Earnings this week : Nov 28 - Dec 2, 22 (wk 48)

Monday (Nov 28)

• Afternoon: ARWR AZEK

Tuesday (Nov 29)

• Morning: BNS BZUN BILI CRNC HIBB SJR
• Afternoon:  CMP CRWD HPE INTU NTAP WDAY

Wednesday (Nov 30)

• Morning:  DCI FRO HRL BEKE LESL WOOF RY SFL TITN
• Afternoon:  BOX CRDO ESTC FIVE GIII LZB NCNO NTNX OKTA PSTG PVH CRM SMTC SNOW SPLK SNPS VSCO YEXT

Thursday (Dec 1)

• Morning: BMO BIG CM DBI DG KR PDCO SCWX TD
• Afternoon:  AMBA AOUT ASAN CHPT IOT  MRVL PD SMAR PATH ULTA VEEV ZS ZUMZ

Friday (Dec 2)  

• Morning:  CBRL GCO

Insider Trading (6/7/22)

 Notable purchases -- Director adds to UAL; notable sales -- Director active in RES

Buyers:

• KOD Director bought 572,349 shares at $7.36 - $8.06 worth ~ $4.4 mln.
  
• LAB 10% Owner bought 450,000 shares at $1.83 - $2.02 worth ~ $880K.
  
• NGM Director bought 34,200 shares at $13.02 - $13.48 worth ~ $450K.
  
• NRDY CEO bought 57,105 shares at $2.90 - $2.97 worth ~ $170K.
  
• NTAP CFO bought 5,000 shares at $71.72 - $72.27 worth ~ $360K.
  
• RPTX 10% Owner bought 1,836,958 shares at $11.68 - $13.21 worth ~ $21.9 mln.
  
• SOFI CEO bought 21,750 shares at $6.88 - $6.90 worth ~ $150K.
  
• SWM Directors bought 12,600 shares at $26.95 - $27.48 worth ~ $340K.
  
• TCDA 10% Owner bought 190,871 shares at $8.73 - $9.50 worth ~ $1.7 mln.
  
• UAL Director bought 50,000 shares at $44.20 - $45.21 worth ~ $2.2 mln.

Sellers:

• ALL Chairman & CEO sold 241,828 shares at $132.00 - $134.25 worth ~ $32.2 mln.
  
• ATKR CEO sold 20,000 shares at $116.40 - $120.64 worth ~ $2.4 mln.
  
• BYD VP sold 70,000 shares at $59.25 - $59.27 worth ~ $4.1 mln.
  
• CORZ Chief Vision Officer sold 3,409,679 shares at $2.64 - $3.15 worth ~ $9.3 mln.
  
• DNB Director sold 245,000 shares at $16.38 - $16.75 worth ~ $4.0 mln.
  
• FLYW Director sold 515,802 shares at $19.49 - $20.48 worth ~ $10.5 mln.
  
• MP Director sold 225,830 shares at $40.09 - $40.38 worth ~ $9.1 mln.
  
• PBF 10% Owner sold 1,783,683 shares at $34.80 - $38.62 worth ~ $63.9 mln.
  
• PPC CEO sold 77,741 shares at $34.42 worth ~ $2.7 mln.
  
• PTC Director sold 200,000 shares at $116.01 - $119.73 worth ~ $23.6 mln.
  
• RES Director sold 801,685 shares at $9.00 - $9.79 worth ~ $7.4 mln.
  
• TJX SEVP, Group President sold 46,997 shares at $62.17 - $62.3 worth ~ $2.9 mln.

-=NetApp (NTAP) reported earnings on Wed 22 May 2019 (a/h)

NetApp misses by $0.04, misses on revs; guides JulQ EPS and revs below consensus; increases dividend by 20%

• Reports Q4 (Apr) earnings of $1.22 per share, excluding non-recurring items, $0.04 worse than the S&P Capital IQ Consensus of $1.26; revenues fell 3.2% year/year to $1.59 bln vs the $1.64 bln S&P Capital IQ Consensus.
• Co issues downside guidance for Q1 (Jul), sees EPS of $0.78-0.86, excluding non-recurring items, vs. $1.05 S&P Capital IQ Consensus; sees Q1 revs of $1.315-1.465 bln vs. $1.48 bln S&P Capital IQ Consensus.
• Co guides to FY20 revenue of growth "at the low-end of mid-single-digit range." Consensus is around 4% growth, so it seems to be generally in-line with consensus. Co guides to full year non-GAAP operating margin of 23-24%.
• Co increases quarterly dividend by 20% to $0.48/sh for a new annual yield of 2.9% assuming today's closing price.
• "Despite the modest shortfall relative to our fiscal year 2019 expectations, we made significant progress in the strategic markets of all-flash, private cloud, and cloud data services....Our opportunity is large and growing, and we are moving quickly to improve our execution."

Earnings this week : May 20 - 24, 19 (wk 21)

Monday (May 20)

• Morning: AZZ IGT PDD QD SPTN
• Afternoon: NDSN

Tuesday (May 21)

• Morning: AZO DAVA DY EV HD JCP KSS MNRO SFL TJX
• Afternoon: CRMT JWN OOMA PSTG SE SKY TOL URBN

Wednesday (May 22)

• Morning: AAP ADI CM CSWI LOW PLAB TGT VFC
• Afternoon: CPRT CTRP HTHT LB MOD NTAP SCVL SNPS VIPS

Thursday (May 23)

• Morning: BBY BJ BRC CTRN HRL MDT ROLL RY SDRL SINA TD TK TNK TTC VIOT WB WMS
• Afternoon: ADSK CVCO DECK DXC HPE HPQ INTU LGF.A ROST SPLK VSAT

Friday (May 24) 

• Morning: BKE FL HIBB

=NetApp (NTAP) reported earnings on Wed 15 Nov 17 (b/o)

NetApp beats by $0.12, beats on revs; guides Q3 EPS above consensus, revs above consensus 

• Reports Q2 (Oct) earnings of $0.81 per share, excluding non-recurring items, $0.12 better than the Capital IQ Consensus of $0.69; revenues rose 6.1% year/year to $1.42 bln vs the $1.38 bln Capital IQ Consensus.
  • All-flash array annualized net revenue run rate of $1.7 billion increased 58% year-over-year
• Co issues upside guidance for Q3, sees EPS of $0.86-0.94, excluding non-recurring items, vs. $0.85 Capital IQ Consensus Estimate; sees Q3 revs of $1.425-1.575 vs. $1.44 bln Capital IQ Consensus Estimate.
• "In the second quarter, NetApp again delivered strong operating results on the top and bottom lines. We also introduced a number of industry-leading innovations that position us for continued growth and expand our leadership position in the growth segments of the market," said George Kurian, chief executive officer. "Our strong performance was driven by excellent execution and reflects our customers' clear and growing preference for the value of our Data Fabric strategy. We are winning because we enable our customers' success through data."

=NetApp (NTAP) reported earnings on Wed 11/16/16 (a/h)

NetApp reported earnings of 60 cents per share for the second quarter fiscal year 2017 on Wednesday, beating analysts' estimates of 54 cents per share, according to a consensus estimate from Thomson Reuters.

However, the data management company slightly missed Wall Street's revenue expectations, reporting revenues of $1.34 billion compared to analysts' projections of $1.36 billion.

Despite the revenue miss, NetApp beat on the bottom line, predicting its third quarter fiscal year 2017 projections above analysts' consensus.

The company predicts its non-GAAP earnings to be between 72 cents per share and 77 cents per share on revenue of $1.33 billion to $1.48 billion for the third quarter. Meanwhile, analysts were expecting earnings to be around 65 cents per share on revenue of $1.36 billion, according to a consensus estimate from Thomson Reuters.

Netapp closed on Wednesday at $34.73 a share.

==NetApp (NTAP) reported earnings on Wed 8/17/16 (a/h)

• Q1 EPS and revenue beats
• Several upgrades - Susquehanna and J.P. Morgan, as well as numerous price target increases.
• NetApp could be a takeover target for a company such as Cisco Systems (CSCO).

=NetApp (NTAP) reported earnings Wed 25 May 2016 (a/h)

NetApp misses by $0.03, misses on revs; guides Q1 EPS below consensus, revs in-line; increases quarterly dividend 6% :

• Reports Q4 (Apr) earnings of $0.55 per share, excluding non-recurring items, $0.03 worse than the Capital IQ Consensus of $0.58; revenues fell 10.4% year/year to $1.38 bln vs the $1.4 bln Capital IQ Consensus.
• Co issues guidance for Q1, sees EPS of $0.34-0.39, excluding non-recurring items, vs. $0.45 Capital IQ Consensus Estimate; sees Q1 revs of 1.20-1.35 bln vs. $1.26 bln Capital IQ Consensus Estimate.
• The Company will increase the first quarter fiscal year 2017 dividend by 6% to $0.19 per share.
• 'We executed well in the fourth quarter and I'm pleased with the progress we are making with our strategic solutions portfolio in addressing customers' needs. We continue to advance our pivot to the growth segments of the market while, at the same time, streamlining the business and reducing our cost base. The team remains sharply focused on disciplined execution and is fully committed to return the company to long-term growth.'

NetApp (NTAP) reports earnings on Wed 8/19/15 a/h

charts before earnings

 

*** after earnings **

NetApp beats by $0.06, reports revs in-line; guides OctQ EPS above consensus, revs above consensus :

Reports Q1 (Jul) earnings of $0.29 per share, excluding non-recurring items, $0.06 better than the Capital IQ Consensus Estimate of $0.23; revenues fell 10.3% year/year to $1.34 bln vs the $1.32 bln consensus. Co issues upside guidance for Q2 (Oct), sees EPS of $0.55-0.60, excluding non-recurring items, vs. $0.46 Capital IQ Consensus Estimate; sees Q2 revs of $1.40-1.50 bln vs. $1.39 bln Capital IQ Consensus Estimate.

• NetApp clustered Data ONTAP node shipments increased 114% YoY
• All Flash FAS units grew 137% YoY; fifth consecutive quarter of triple-digit growth
• Co says $484 million was returned to shareholders in share repurchases and cash dividends.

NetApp (NTAP) reported earnings on Wed 5/20/15 a/h

** charts after earnings **