Key Developments: NetApp Inc (NTAP.O)

NTAP.O on Nasdaq

42.55USD
26 Dec 2014
Price Change (% chg)

$-0.26 (-0.61%)
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Latest Key Developments (Source: Significant Developments)

NetApp Inc declares cash dividend
Tuesday, 20 May 2014 08:00pm EDT 

NetApp Inc:Increases next dividend to $0.165 per share to be paid on July 22 to shareholders of record on July 10.  Full Article

NetApp Inc announces change in Chairman
Monday, 7 Apr 2014 08:30am EDT 

NetApp Inc:Dan Warmenhoven has decided to retire from his position as Chairman.Tom Georgens, CEO of NetApp, has been elected chairman of board and assumes duties effective immediately.  Full Article

NetApp Inc issues Q4 2014 guidance; revenue guidance below analysts' estimates
Wednesday, 12 Feb 2014 04:01pm EST 

NetApp Inc:Expects Q4 2014 total revenue to be in the range of $1.620-$1.720 bln.Expects Q4 2014 GAAP EPS to be in the range of $0.57-$0.62.Expects Q4 2014 non-GAAP EPS to be in the range of $0.77-$0.82.Q4 2014 revenue of $1.734 bln and EPS of $0.80 - Thomson Reuters I/B/E/S.  Full Article

NetApp Inc declares dividend of $0.15
Wednesday, 12 Feb 2014 04:01pm EST 

NetApp Inc:Declares a dividend in the amount of $0.15 per share will be paid on Apr. 22, 2014 to shareholders of record as of the close of business on Apr. 10, 2014.  Full Article

NetApp Inc Issues Q3 2014 Guidance; Revenue Guidance Below Analysts' Estimates
Wednesday, 13 Nov 2013 04:01pm EST 

NetApp Inc announced that for the third quarter of 2014, it expects total revenue to be in the range of $1.575 billion to $1.675 billion, GAAP earnings per share is expected to be in the range of $0.50 to $0.55 per share and Non-GAAP earnings per share is expected to be in the range of $0.68 to $0.73 per share. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $1.690 billion and EPS of $0.73 for the third quarter of 2014.  Full Article

NetApp Inc Issues Q2 2014 Guidance In Line With Analysts' Estimates; Declares Dividend
Wednesday, 14 Aug 2013 04:01pm EDT 

NetApp Inc announced that for the second quarter of 2014, it expects total revenue to be in the range of $1.560 billion to $1.660 billion, GAAP earnings per share to be in the range of $0.41 to $0.46 per share and Non-GAAP earnings per share (EPS) to be in the range of $0.60 to $0.65 per share (EPS). According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $1.626 billion and EPS of $0.63 the second quarter of 2014. The Company also announced that the next dividend in the amount of $0.15 per share will be paid on October 25, 2013 to shareholders of record as of the close of business on October 21, 2013.  Full Article

NetApp Inc Issues Q1 2014 Guidance Below Analysts' Estimates; Initiates Quarterly Cash Dividend And Announces Stock Repurchase
Tuesday, 21 May 2013 04:01pm EDT 

NetApp Inc announced that for the first quarter of 2014, it expects revenues to be in the range of $1.475 billion to $1.575 billion, GAAP earnings per share to be approximately $0.13 to $0.18 and non-GAAP earnings per share to be approximately $0.45 to $0.50. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $1.601 billion and EPS of $0.53 for the first quarter of 2014. The Company also announced that it has initiated a quarterly cash dividend of $0.15 per share of the Company's common stock, which it intends to increase over time. The first dividend will be payable on July 23, 2013 to shareholders of record as of the close of business on July 11, 2013. The Company also announced that it is increasing its current stock repurchase program, of which $1.4 billion remains outstanding, by an additional $1.6 billion. The Company plans to complete the aggregate $3 billion program over the next 3 years. NetApp intends $2 billion of repurchases to be completed within the next 12 months, of which $1 billion is planned to be completed during the next 4 months. Under its stock repurchase program, NetApp can purchase shares of its outstanding common stock through open market and privately negotiated transactions at prices deemed appropriate by management.  Full Article

NetApp Inc Announces Resource Realignment
Tuesday, 21 May 2013 04:01pm EDT 

NetApp Inc announced that it has undertaken a realignment of resources and restructuring which includes a global workforce reduction of approximately 900 employees. The Company expects to recognize an estimated aggregate $50-$60 million pretax charge relating to employee severance and other restructuring charges.  Full Article

NetApp Inc Issues Q4 2013 Guidance In Line With Analysts' Estimates
Wednesday, 13 Feb 2013 04:01pm EST 

NetApp Inc announced that for the fourth quarter of 2013, it expects revenue to be in the range of $1.700 billion to $1.800 billion, GAAP earnings per share (EPS) to be approximately $0.43 to $0.48 per share and non-GAAP earnings per share (EPS) to be approximately $0.65 to $0.70 per share. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $1.749 billion and EPS of $0.65 for the fourth quarter of 2013.  Full Article

Sap AG and NetApp Inc Deepen Strategic Partnership to Integrate Storage Database, Analytics and Application Solutions
Thursday, 7 Feb 2013 09:00am EST 

Sap AG and NetApp Inc announced they are deepening their collaboration with the intent to support solutions, including the SAP HANA platform and SAP NetWeaver Landscape Virtualization Management software. By complementing database solutions from SAP with NetApp's storage and data management solutions, the companies are providing customers with an agile data infrastructure for SAP applications that can help drive competitive advantage and reduces cost of ownership. With these technologies, NetApp is part of the solution that supports customers running classic SAP solutions as well as SAP HANA. The building-block-style architecture supports logically unlimited scalability and offers high availability for support of non-stop operations. NetApp storage and data management solutions, including the Cisco and NetApp-developed FlexPod, complement SAP NetWeaver Landscape Virtualization Management in the automation of routine administration tasks; reduction of costs, hardware resources and power; and simplification of landscape management of SAP solutions.  Full Article

NetApp profit falls on lower sales to OEMs

- Data storage equipment maker NetApp Inc reported a 4 percent fall in quarterly profit, hurt by lower sales to original equipment manufacturers, and forecast a third-quarter profit below market estimate.

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