NetApp profit, revenue beat estimates. Reported by Chartpoppers.com
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(CHARTPOPPERS.COM, November 19, 2009 ) Point Roberts, WA - Chartpoppers.com announces an investment report featuring company NetApp Inc's (NASDAQ.NTAP)
NetApp, Inc. (NetApp) is a provider of storage and data management solutions. The Company offers solutions for storing, managing, protecting and archiving business data. The Company is engaged in the design, manufacturing, marketing and technical support of networked storage solutions. It offers storage solutions that incorporate its unified storage platform and the functionality of the data and storage resource management softwareRecent News on NetApp Inc's (NASDAQ.NTAP)
NetApp Inc's (NASDAQ.NTAP) quarterly profit and revenue beat Wall Street expectations as the data storage equipment maker slashed manufacturing costs and benefited from what it said was improving business sentiment.
The company's forecast for current-quarter revenue also topped analysts' estimates, though its profit outlook for the third quarter was just in line. Shares rose 4.3 percent in after-hours trading.
"We are seeing some stabilizing in the market," Chief Executive Tom Georgens told Reuters in an interview after the results on Wednesday. "Customer sentiment is better."
He said companies are budgeting more for data storage equipment than they were six months ago.
NetApp posted a record gross margin of 67.5 percent, nearly a 4 percentage point increase from the first quarter.
To view the Consolidated Investment Analysis on NetApp Inc's (NASDAQ.NTAP) Please visit the stock pulse page at www.chartpoppers.com
In the report chartpoppers.com covers a recent Financial Summary, Analyst Consensus, Technical Analysis, Comparative Analysis and Insider Trading Activity.
The full report is available at www.chartpoppers.com
Chartpoppers.com is a market research and investment commentary provider. Chartpoppers.com aims to bring undervalued, up and coming companies into the sight of both experienced and non-experienced investors. We try to help investors, at whatever stage in their careers, to get a grasp on the necessary financial data that they need in order to make a educated investment decision. From our daily trading ideas to a in depth coverage of what’s going on in the markets, we are sure that chartpoppers.com is exactly what you need in order succeed.
For More information please visit us at www.chartpoppers.com
Chartpoppers.com Disclosure
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. ChartPoppers.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
NetApp, Inc. (NetApp) is a provider of storage and data management solutions. The Company offers solutions for storing, managing, protecting and archiving business data. The Company is engaged in the design, manufacturing, marketing and technical support of networked storage solutions. It offers storage solutions that incorporate its unified storage platform and the functionality of the data and storage resource management softwareRecent News on NetApp Inc's (NASDAQ.NTAP)
NetApp Inc's (NASDAQ.NTAP) quarterly profit and revenue beat Wall Street expectations as the data storage equipment maker slashed manufacturing costs and benefited from what it said was improving business sentiment.
The company's forecast for current-quarter revenue also topped analysts' estimates, though its profit outlook for the third quarter was just in line. Shares rose 4.3 percent in after-hours trading.
"We are seeing some stabilizing in the market," Chief Executive Tom Georgens told Reuters in an interview after the results on Wednesday. "Customer sentiment is better."
He said companies are budgeting more for data storage equipment than they were six months ago.
NetApp posted a record gross margin of 67.5 percent, nearly a 4 percentage point increase from the first quarter.
To view the Consolidated Investment Analysis on NetApp Inc's (NASDAQ.NTAP) Please visit the stock pulse page at www.chartpoppers.com
In the report chartpoppers.com covers a recent Financial Summary, Analyst Consensus, Technical Analysis, Comparative Analysis and Insider Trading Activity.
The full report is available at www.chartpoppers.com
Chartpoppers.com is a market research and investment commentary provider. Chartpoppers.com aims to bring undervalued, up and coming companies into the sight of both experienced and non-experienced investors. We try to help investors, at whatever stage in their careers, to get a grasp on the necessary financial data that they need in order to make a educated investment decision. From our daily trading ideas to a in depth coverage of what’s going on in the markets, we are sure that chartpoppers.com is exactly what you need in order succeed.
For More information please visit us at www.chartpoppers.com
Chartpoppers.com Disclosure
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. ChartPoppers.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
Contact Information:
CHARTPOPPERS
Paul Marek
Tel: 6047245332
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
CHARTPOPPERS
Paul Marek
Tel: 6047245332
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
