Key Developments: NetApp Inc (NTAP.O)
7 Mar 2014
Latest Key Developments (Source: Significant Developments)
NetApp Inc announced that for the third quarter of 2013, it expects revenue to be in the range of $1.575 billion to $1.675 billion, GAAP earnings per share to be approximately $0.29 to $0.34 per share and non-GAAP earnings per share to be approximately $0.53 to $0.58 per share. Full Article
Citrix Systems Inc announced that the Company and NetApp Inc announced an extension of their current collaboration aimed at accelerating the adoption of enterprise cloud deployments. Together, Citrix and NetApp will provide a fully integrated cloud orchestration and storage solution that will address storage automation, resource allocation, and virtual machine backup and recovery. The move greatly simplifies cloud storage deployment for the companies' mutual customers and will result in faster transitions to private and hybrid clouds. These integrations between Citrix and NetApp technology will focus on NetApp OnCommand Unified Manager. Support in CitrixCloudPlatform and Apache CloudStack will automate the provisioning and administration of storage service offerings within the product's self-service portal, increasing agility while decreasing service deployment times based on policy-based resource allocation. NetApp virtual storage console (VSC) for Citrix XenServer. NetApp plug-in for XenCenter empowers Citrix administrators to provision, deduplicate, resize, and delete storage repositories on NetApp storage. In VDI deployments, NetApp VSC for Citrix XenServer allows for cloning tens of thousands of VMs almost instantaneously with NetApp FlexClone technology. Full Article
NetApp Inc announced that for the second quarter of 2013, it expects revenue to be in the range of $1.5 billion to $1.6 billion. GAAP earnings per share to be approximately $0.23 to $0.28 per share and estimates non-GAAP earnings per share to be approximately $0.45 to $0.50 per share. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $1.5 billion and EPS of $0.46 for the second quarter of 2013. Full Article
NetApp Inc announced that for the first quarter of 2013, it expects revenue to be in the range of $1.40 billion to $1.50 billion, GAAP earnings per share (EPS) will be approximately $0.10 to $0.15 per share and non-GAAP earnings per share (EPS) will be approximately $0.34 to $0.39 per share. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $1.61 billion and EPS of $0.59 for the first quarter of 2013. Full Article
Feb 12 - Cisco Systems Inc on Wednesday forecast a 6 to 8 percent revenue slide this quarter, underlining the network gear maker's struggle to rekindle demand in emerging markets like China even as hardware spending globally sags.