Company Overview and News
Analysts expect NetApp’s (NTAP) revenues to rise 2.7% YoY (year-over-year) to $5.7 billion in fiscal 2018 compared with its revenues of $5.5 billion in fiscal 2017. NetApp’s revenues are also expected to rise 2.1% in fiscal 2019 on a YoY basis to $5.8 billion. (13-0)
According to the latest Earnings Trends, 77.4% of the sector’s companies in the S&P 500 index have reported their results as of Nov 8. Total earnings for these companies are up 23.2% on a year-over-year basis on 10.9% higher revenues. Moreover, 81.3% of these companies beat earnings estimates, while 87.5% surpassed revenue estimates. The upbeat momentum can be attributed to impressive results from technology giants like Apple Inc. (913-6)
SACRAMENTO, CA--(Marketwired - November 09, 2017) - The Center for Digital Government (CDG) announced the winners of the 2017 Digital Cities Survey. Now in its 17th year, the annual survey recognizes cities using technology to improve citizen services, enhance transparency and encourage citizen engagement. (6-0)
REDWOOD CITY, CA--(Marketwired - Nov 2, 2017) - Today, Glint, the people success platform that helps leading organizations increase employee engagement, develop their people, and improve business results, announced it has raised $20 million for its Series D funding round. The round includes additional investment from Glint's existing investors, Bessemer Venture Partners, Meritech Capital Partners, Norwest Venture Partners, and Shasta Ventures. (23-1)
ST. LOUIS, Sept. 25, 2017 /PRNewswire/ -- Thanks to their unique horizontal view of the enterprise and savviness in aligning technology to drive innovation and enable business growth, CIOs are perfectly positioned to help their companies to executive on digital business transformation. In order to drive the organizational changes that are needed to succeed, CIOs must be able to demonstrate courageous leadership in working with the C-suite and in fostering a culture of genius within the enterprise. (35-0)
Cisco Systems Inc (CSCO - Free Report) recently completed the earlier announced acquisition of Sunnyvale-based start-up, Springpath, for $320 million in cash. The company is speculated to show interest in NetApp Inc (NTAP - Free Report) . (125-1)
If you want a Stock Review on STX, WDC, PSTG, or TDC then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. The Digital Storage Devices market is projected to grow at a CAGR of 24.67% during 2017-2022, to reach US$7.830 billion by 2022 from US$2.600 billion in 2017, according to WiseGuyReports. Increasing volume of data, primarily because of rapidly digitizing end-user industries like banking, government and healthcare, among others, is driving the digital storage devices market. (73-0)
If you want a Stock Review on PHM, TMHC, TOL, or TPH then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. Research reports have been issued by DailyStockTracker.com on PulteGroup Inc. (NYSE: PHM), Taylor Morrison Home Corp. (NYSE: TMHC), Toll Brothers Inc. (NYSE: TOL), and TRI Pointe Group Inc. (NYSE: TPH). Companies in the Residential Construction industry construct and renovate residential buildings. (47-0)
DENVER, Sept. 19, 2017 /PRNewswire/ -- The world's best companies are willing to constantly disrupt themselves. Identifying where those opportunities can occur and how technology can be leveraged to drive innovative business transformation has become a central requirement for CIOs. The CIO's wherewithal to deliver the courageous leadership needed to enable the enterprise to pivot and to foster a culture of genius will be the central theme at the upcoming 2017 Denver CIO Executive Leadership Summit, produced by HMG Strategy, to be held on September 26, 2017 at The Ritz-Carlton Denver. (19-0)
Given the company's potential and relatively low risk of permanent loss, the stock is still a bargain. (6-0)
Chamath Palihapitiya, founder of the venture-capital firm Social Capital, is setting himself up to become the Warren Buffett of tech investing. To that end, he has launched a new "blank-check" company in partnership with the London-based VC firm Hedosophia, aptly named Social Capital Hedosophia Holdings Corp. (1-0)
While NetApp marginally beat expectations on Q1 earnings, the stock fell 7% as the earnings had no "wow" factor.
This week we saw things slow down for tech stocks the earnings calendar eased back a bit. Next earnings reports slow down again to only 58 names and a $1.2B market cap gets you in the top 20. Clearly, the big boys have all reported, so we are seeing some stragglers coming down the line. One strategy is to intentionally be a straggler, and end your quarter a month later (or really start your quarter a month later) and that allows you the chance to get in the spotlight.
Good afternoon ladies and gentlemen. Welcome to NetApp’s First Quarter Fiscal Year 2018 Financial Results Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and answer-session and instructions will be given at that time.
Cisco Systems Inc. (CSCO - Free Report) is set to release fourth-quarter fiscal 2017 earnings on Aug 16. We note that the company has beaten the Zacks Consensus Estimate in all of the trailing four quarters with an average positive surprise of 3.80%. In the last quarter, Cisco delivered a positive earnings surprise of 1.89%. Excluding stock-based compensation, earnings increased 5.3% on a year-over-year basis to 60 cents, which was slightly better than management’s guided range of 57–59 cents.
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