$NTAP
Netapp Inc
- NASDAQ
- Electronic Technology
- Computer Peripherals
- Manufacturing
- Computer Storage Device Manufacturing
PRICE
$70.09 ▼-0.313%
Last Close
VOLUME
1,980,899
DAY RANGE
69.44 - 70.48
52 WEEK
57.16 - 77.25
Join Discuss about NTAP with like-minded investors
@zonatrading #Zona Trading
recently$NTAP esta haciendo un posible ABCD, pero me gustaria ver un testeo más a la zona de soporte.
128 Replies 12 👍 8 🔥
@DarkPoolAlgo #Dark Pool Charts
recentlyThursday, August 26, 2021 Futures Up/Down % Last Dow 8.00 0.02% 35,368 S&P 500 -4.25 0.09% 4,489 Nasdaq -30.50 0.20% 15,334 Another day, and another record high for the S&P 500 and Nasdaq Composite on Wednesday, but overnight futures paint a mixed picture amid a retreat in technology shares and caution ahead of a Federal Reserve gathering that may provide more clues about its approach to paring stimulus. With few negative catalysts to dampen the risk-on sentiment, all three major U.S. indexes crept modestly higher on Tuesday. The S&P 500 was able to notch its 51st record close of the year and the Nasdaq its 30th record closing highs for 2021. With the gains, the SPX and Nasdaq have now both risen 5-straight days (the Dow is on a 4-day win streak) – but volume on U.S. exchanges was just 8.29 billion shares, making it one of the slowest trading days of the year. In Asian markets, The Nikkei Index rose 17 points to 27,742, the Shanghai Index fell -38 points to hold just above the 3,500 level and the Hang Seng Index fell -278 points to 25,415. In Europe, the German DAX is down over -100 points to 15,755, while the FTSE 100 fell about -30 points to 7,120. On the calendar today, U.S. Q2 GDP is expected to be revised up to a 6.7% clip versus the disappointing 6.5% pace from the Advance report and weekly jobless claims are expected to be 350K, but focus still remains on tomorrow’s Jackson Hole speech from Fed Chair Powell for clues on the timing of a tapering of monetary stimulus. U.S. Treasury yields rose overnight, with that on the benchmark 10-year Treasury note hitting 1.359% for the first time since Aug. 13. There were a handful of earnings results in the software space moving tech as well with ADSK, SNOW,CRM, SPLK, ESTC all out with results, while in retail, WSM rises on its results. Events Calendar for Today 8:30 AM ET Gross Domestic Product (GDP) Q2-second est. 6.7% 8:30 AM ET GDP Price Deflator Q2-prelim…est. 6.0% 8:30 AM ET GDP Consumer Spending, prelim Q2…est. 8:30 AM ET PCE Prices for Q2-E…prior 6.4% 8:30 AM ET Core PCE prelim Q2-E…est. 6.1% 8:30 AM ET Weekly Jobless Claims…est. 350K 8:30 AM EST Continuing Claims…est. 2.79M 10:30 AM ET Weekly EIA Natural Gas Inventory Data 11:00 AM ET Kansas City Fed Manufacturing, for Aug Earnings Calendar: Earnings Before the Open: ANF, BBW, BURL, COTY, DG, DLTR, FLWS, HAIN, LANC, MBUU, MOV, RGS, SAFM, SJM, TITN Earnings After the Close: BILL, $DELL, DOMO, FXLV, GPS, HPQ, LTRX, $MRVL, OLLI, $PTON, RCEL, RPID, VMW, $WDAY Other Key Events: UBS China Telco, Media, Internet Virtual Conference 2021, 8/23-8/27 Piper Sandler MedTech and Diagnostics California Bus Tour (virtual), 8/24-8/26 Jackson Hole 2021 Economic Policy Symposium, 8/26-8/28 Market Closing Prices Yesterday The S&P 500 Index gained 9.96 points, or 0.22%, to 4,496.19 The Dow Jones Industrial Average rose 39.24 points, or 0.11%, to 35,405.50 The Nasdaq Composite edged higher 22.06 points, or 0.15%, to 15,041.86 The Russell 2000 Index advanced 8.36 points, or 0.37% to 2,239.27 Macro Up/Down Last Nymex -0.65 67.71 Brent -0.60 71.65 Gold -4.25 1,786.75 EUR/USD -0.0000 1.1772 JPY/USD 0.11 110.13 10-Year Note +0.005 1.349% Sector News Breakdown Consumer Guess Inc. ($GES) shares fell -6% Q2 EPS $0.91 vs. est. $0.70; Q2 revs $628.6M vs. est. $648.6M; expect revenues in q3 of fiscal 2022 to be slightly negative to flat versus q3 of fiscal 2020; for FY22, assuming no additional covid-related shutdowns past q2, expect revenues to be down mid-single digits versus fiscal 2020; increases share repurchase authorization to $200M; increasing long-term operating margin goal to 12% and adjusted earnings per share to $3.50 by fiscal 2024 Ulta ($ULTA) Q2 EPS $4.56 vs est. $2.42 on net sales $1.97B vs est. $1.76B, comp sales +56.3% (+13.1% vs 2Q19) vs est. +44.8%, gross margin 40.6% vs est. 35.9%; raised full-year outlook for EPS to $14.50-$14.70 (est. $12.50) from $11.50-$11.95 and sales to $8.1B-$8.3B (est. $7.92B) from $7.7B-$7.8B, comp sales +30-32%; sees 44 new net stores in FY21 William Sonoma ($WSM) shares rise 12%; announces a 20% quarterly dividend increase and a new $1.25 billion stock repurchase; Q2 adj EPS $3.24 vs est. $2.61 on revenue $1.95B vs est. $1.49B, quarterly comp brand revenue growth +29.8%; now sees full-year net revenue growth in high-teens to low-20s from low-double digit to mid-teens; for long-term, company is planning net rev growth mid-to-high single digits with accelerated path to $10B in net rev over next 4 years XPeng (XPEV) reports Q2 deliveries growth of 439% Y/Y and 30.4% Q/Q to 17,398 units; P7 deliveries rose 44.5% Q/Q to 11,522 units, of which 97% can support XPILOT 2.5 or XPILOT 3.0; revenues from vehicle sales increased 562.4% to $555.1M, mainly due to higher vehicle delivery, especially for the P7 Energy, Industrials and Materials ABM Industries ($ABM) announced that it has reached a definitive agreement to acquire Able Services, a facilities services company headquartered in San Francisco, in a cash transaction valued at $830M Raven ($RAVN) Q2 EPS $0.19 vs. est. $0.17; Q2 revs $114.4M vs. est. $103.5M. Transocean Ltd. ($RIG) announced that BOE Exploration & Production LLC awarded Transocean a $252 million firm contract for its newbuild ultra-deepwater drillship, the Deepwater Atlas Financials SelectQuote ($SLQT) shares tumble as Q4 EPS $0.02 vs. est. $0.04; Q4 revs $188.4M vs. est. $184.9M; Q4 Adjusted EBITDA of $21.3M, down 47% YoY Bitcoin prices are tumbling as the largest cryptocurrency fell as much as 4.4% Thursday to $46,588, with other tokens including Ether retreating as well, paring Bitcoin’s rally since a July low to some 60% (after topping the $50K level for the first time in 3-months on Monday) Healthcare Becton Dickinson’s ($BDX) BD Veritor At-Home COVID-19 Test has received an Emergency Use Authorization from the FDA, the first at-home COVID-19 rapid antigen test to use computer vision technology in a smartphone to interpret and provide a digital display of testing results BioCryst ($BCRX) announced that the new drug submission for Orladeyo has been accepted for review by Health Canada for the prevention of recurrent attacks in patients with hereditary angioedema, or HAE, 12 years and older Exelixis ($EXEL) announces partner Takeda and ono receive approval in Japan for Cabometyx® (cabozantinib) in combination with Opdivo® (nivolumab) for treatment of unresectable or metastatic renal cell carcinoma Lannett ($LCI) Q4 adj EPS loss (-$0.19) vs. est. loss (-$0.12); Q4 revs $106M vs. est. $110.63M; sees FY22 revenue $400M-$440M vs. est. $472.06M; sees FY22 adjusted EBITDA $40M-$55M RenovoRx ($RNXT)85M share IPO priced at $9.00 Software Autodesk ($ADSK) shares fell -6%; Q2 adj EPS $1.21 vs. est. $1.13; Q2 revs $1.06B vs. est. $1.05B; sees Q3 adj EPS $1.22-$1.28 vs. est. $1.26; sees Q3 revenue $1.11B-$1.125B vs. est. $1.11B; Q2 Total billings increased 29% to $1,015B Box Inc. (BOX) Q2 EPS $0.21 vs. est. $0.18; Q2 revs $214.5M vs. est. $212.45M; Non-GAAP operating margin was 21%, a point better than projected earlier in the month; Remaining performance obligations, a measure of work contracted for but not yet delivered, was up 27%, to $922.4 million. Free cash flow was $29.8 million, up from $13.3 million in the year-earlier quarter; sees Q3 EPS 20c-21c vs. est. 20c; sees Q3 revenue $218M-$219M vs. est. $216.6M Elastic NV ($ESTC) Q1 EPS $0.04 vs. est. loss (-$0.10); Q1 revs $193.1M vs. est. $173.17M; Q1 Cloud revs up 89% YoY to $61.5M, or 85% on a constant currency basis; Q1 Calculated billings up 27% YoY to $165.0M, or 23% on a constant currency basis; Q1 deferred revenue was $364.4M, an increase of 31% YoY; Q1 total subscription customer count was over 16,000, compared to over 15,000 in Q4 FY21; sees FY22 EPS loss (67c) to (57c) vs. est. loss (50c); sees FY22 revs $808M-$814M vs. est. $789.1M com ($CRM) Q2 EPS $1.48 vs. est. $0.92; Q2 revs $6.34B vs. est. $6.24B; reports remaining performance obligation ended Q2 at approximately $36.2B, an increase of 18% YoY; current remaining performance obligation ended Q2 at approximately $18.7B, an increase of 23% YoY, 23% in constant currency; sees Q3 EPS $0.91-$0.92 vs. est. $0.81; sees Q3 revs $6.78B-$6.79B vs. est. $6.66B Snowflake ($SNOW) Q2 EPS ($0.64) vs est. ($0.15) on revenue $272.2M vs est. $256.5M; sees Q3 revenue $280M-$285M vs est. $292/3M, FY revenue $1.06B-$1.07B vs est. $1.11B; company now has 4,990 total customers and 116 with trailing 12-month product revenue above $1M Splunk ($SPLK) Q2 EPS loss (-$2.34) vs. est. loss (-$0.69); Q2 revs $606M vs. est. $562.8M; Q2 Cloud ARR was $976M, up 72% YoY while total ARR was $2.63B, up 37% YoY; reported 234 customers with cloud ARR greater than $1M, up 100% YoY; sees Q3 revs $625M-$650M vs. est. $635.4Ml sees FY revs $2.53B-$2.6B vs. est. $2.53B Zuora Inc. ($ZUO) Q2 Non-GAAP EPS loss (-$0.04), in-line with estimates; Q2 revs $86.5M vs. est. $83.4M; sees Q3 subscription revs $71m-$72M and total revs $86M-$87M vs. est. $85.4M; sees FY revs $340M-$342M vs. est. $338.2M; sees year EPS loss (13c-11c) vs. est. (9c) Technology NetApp Inc. ($NTAP) Q1 EPS $1.15 vs. est. $0.95; Q1 revs $1.46B vs. est. $1.43B; sees Q2 EPS $1.14-$1.24 vs. est. $1.13; sees Q2 revenue $1.49B-$1.59B vs. est. $1.52B; 1Q Product Rev Grew 16% YoY to $730M and Q1 Billings Increased 20% YoY to $1.38B Pure Storage ($PSTG) Q2 non-GAAP EPS $0.06 vs. est. $0.05; Q2 revs $496.8M vs. est. $469.48M; sees Q3 revs $530M vs. est. $495.15M; sees FY22 revenue $2.04B vs. est. $1.96B; sees FY22 non-GAAP operating income $150M; Q2 Subscription services revenue $171.9 million, up 31% year-over-year; Q2 GAAP gross margin 68.4%; non-GAAP gross margin 70.5% ON Semiconductor ($ON) announced that they have entered into a definitive agreement under which it will acquire GTAT for $415M in cash Analog Devices ($ADI) increases share repurchase authorization by $8.5 billion to approximately $10 billion Joyy Inc. ($YY) +7% after Reuters reported its two top shareholders, Chairman David Li and Xiaomi founder Lei Jun, aim to take the Chinese social media company private in a deal that may value it at up to $8B https://reut.rs/3DnlazS
60 Replies 9 👍 10 🔥
@DarkPoolAlgo #Dark Pool Charts
recently/*============================================= = Thursday JUN 03 2021 = =============================================*/ Thursday, June 3, 2021 Futures Up/Down % Last Dow -146.00 0.42% 34,444 S&P 500 -18.25 0.44% 4,187 Nasdaq -62.50 0.46% 13,611 Stock futures are edging lower, with investors expressing some caution ahead of key economic data jobs reports later this morning. Stocks finished Wednesday with slim gains ahead of today’s ADP private payrolls and jobless claims and tomorrow’s nonfarm payrolls. Investors have been closely watching for signs of inflation and indications on whether the Fed could put the brakes on the rebounding U.S. economy sooner than anticipated. Politico is reporting this morning that President Biden wants $1 trillion in new spending in the infrastructure bill. Energy stocks were market leaders on Wednesday, led higher as oil prices advanced on improving demand expectations as the economy strengthens and as the dollar weakens. The benchmark S&P 500 is up about 12% this year, and within about 1% of its record high, as investors anticipate an economic rebound from the coronavirus pandemic. The big story this week remains the strength in a group of stocks favored by retail investors on forums such as Reddit’s WallStreetBets, led this week by surges in AMC Theatres ($AMC), Bed Bath & Beyond ($BBBY), and Blackberry ($BB), following the early year surge in GameStop ($GME) which has not given up its gains. In Asian markets, The Nikkei Index rose 111 points to 29,058, the Shanghai Index slipped -12 points to 3,584 and the Hang Seng Index declined -331 points to 28,966. In Europe, the German DAX is lower by about 60 points to 15,540, while the FTSE 100 is down over 50 points to 7,050. Events Calendar for Today 7:30 AM EST Challenger Layoffs for May 8:15 AM EST ADP Employment Change for May…est. 650K 8:30 AM ET Weekly Jobless Claims…est. 390K 8:30 AM EST Continuing Claims…est. 3.615M 8:30 AM EST Q1 Nonfarm Productivity…est. 5.5% 8:30 AM EST Q1 Unit Labor Costs…est. (-0.4%) 9:45 AM EST Markit Composite, May-F…prior 68.1 9:45 AM EST Markit Services PMI, May-F…est. prior 70.1 10:00 AM EST ISM Non-Manufacturing PMI for May…est. 63.0 10:30 AM ET Weekly EIA Natural Gas Inventory Data 11:00 AM ET Weekly DOE Inventory Data Earnings Calendar: Earnings Before the Open: $CIEN, $CONN, $DLTH, $EXPR, $HOV, $SCWX, $SJM, $SWIM, $TTC Earnings After the Close: $ASAN, $AVGO, $COO, $CRWD, $DOCU, $FIVE, $IDT, $JOAN, $MDB, $NX, $PD, $PHR, $SAIC, $SUMO, $TLYS, $WORK, $ZUMZ Other Key Events: Bernstein Strategic Decisions Conference (virtual), 6/2-6/4 Cowen 49th Annual TMT Conference (virtual), 6/1-6/3 Goldman Sachs 3rd Asia Spotlight Symposium (virtual), 6/1-6/4 Jefferies Global Healthcare Conference, 6/1-6/3 KeyBanc Capital Markets Industrials & Basic Materials Conference (virtual), 6/1-6/4 Piper Consumer Marketplace Conference (virtual), 6/2-6/4 William Blair 40th Annual Growth Stock Conference (virtual), 6/1-6/3 Wells Fargo Energy Conference (virtual), 6/2-6/3 Market Closing Prices Yesterday The S&P 500 Index climbed 6.08 points, or 0.14%, to 4,208.12 The Dow Jones Industrial Average rose 25.07 points, or 0.07%, to 34,600.38 The Nasdaq Composite gained 19.85 points, or 0.14%, to 13,756.33 The Russell 2000 Index advanced 3.09 points, or 0.13% to 2,297.83 Macro Up/Down Last Nymex -0.10 68.73 Brent -0.04 71.31 Gold -12.00 1,896.35 EUR/USD -0.0014 1.2197 JPY/USD 0.13 109.69 10-Year Note +0.01 1.601% World News China Caixin services PMI 55.1 vs 56.2 estimate, composite PMI 53.8 vs 54.7 The EIA weekly report on U.S. oil inventories, supply and demand is at 11:00 this morning, pushed back a day due to the Memorial Day holiday. UK May Markit Services PMI (final) higher: 62.9 vs 61.8 consensus Eurozone May Markit Services PMI (final) higher: 55.2 vs 55.1 consensus Sector News Breakdown Consumer PVH Corp. ($PVH) Q1 EPS $1.92 vs. est. $0.83; Q1 revs $2.08B vs. est. $1.93B; Abel-Hodges to Step Down as CEO of Calvin Klein and move to an advisory position; sees Q2 EPS $1.15-$1.18 vs. est. $1.22; sees Q2 revs up 34% to 35% from prior year; raises FY21 EPS view to $6.50 from $6.00 (est. $6.16); raises FY21 revenue growth view to 24%-26% from 22%-24% SpartanNash ($SPTN) Q1 adj EPS $0.56 in-line with ests; Q1 revs $2.66B vs. est. $2.7B; reaffirms FY21 adj EPS view of $1.65-$1.80 (est. $1.76) and also backs FY21 revs view $8.8B-$9B vs. est. $8.93B; now expects that Retail comparable sales will be negative 5.0% to 7.0% for 2021 Sportsman’s Warehouse ($SPWH) Q1 EPS 28c vs. est. loss (4c); Q1 revs $327M vs. est. $252.23M; Q1 comp store sales increased 24.1% YoY; Q1 adjusted EBITDA was $23.5 million compared to $8.2 million in the comparable prior year period Churchill Downs ($CHDN) bans trainer Bob Baffert for 2 years after Kentucky Derby winner Medina Spirit’s second positive drug test Conn’s ($CONN) Q1 adj EPS $1.55 vs. est. 30c; Q1 revs $291.3M vs. est. $293.77M; Q1 comp store sales up 19.4%; Q1 e-commerce sales up 95.7% HeadHunter ($HHR)5M share Secondary priced at $37.00 Energy, Industrials & Materials NRG Energy Inc. ($NRG) and Exelon Corp. ($EXC): watch utilities after suppliers to PJM Interconnection LLC’s grid, which serves more than 65 million people, will get $50 a megawatt-day to provide capacity for the year starting June 2022, according to yesterday auction results – down sharply from $140 in the previous auction, held in 2018 (ests, were for the price to fall to about $85). The results showed that the capacity price for the Chicago-area zone, known as ComEd, was $68.96 compared with $195.55 in the last auction. The price for the Pennsylvania and New Jersey zone, known as EMAAC, fell to $97.86 percent, from $165.73 The American Petroleum Institute ($API) showed a draw of 5.36M barrels of oil for the week ended May 28; gasoline inventories showed a build of 2.51M barrels, distillate inventories show a build of 1.59M barrels and Cushing inventories show a build of 741K barrels Patterson-UTI Energy ($PTEN) reports an average of 72 drilling rigs operating for the month of May, 2021 Westport Fuel ($WPRT)2M share secondary prices at $5.50 Financials The Federal Reserve will begin to unwind the corporate bond holdings it acquired last year through an emergency lending facility launched to calm credit markets at the height of the pandemic, the central bank said. The Fed said the sale of its holdings in the Secondary Market Corporate Credit Facility, which includes bonds of companies purchased in the secondary market and exchange-traded funds that invest in corporate bonds, will be “gradual and orderly.” Cushman & Wakefield ($CWK) announces offering of 10M ordinary shares for holders Arch Capital (ACGL) announces $500 million public offering of depositary shares representing series G preferred shares MarketAxess ($MKTX) May trading volume of $478.7B consists of $204.4B in credit volume and $274.3B in rates volume; total credit volume decreased 10.6% this month year-over-year with a 37.9% rise in Eurobond trading volume. Allstate ($ALL) downgraded to Neutral from Buy at Citi Cushman & Wakefield ($CWK) 10M share Spot Secondary priced at $18.75 Healthcare Syneos Health ($SYNH) announces offering of 10.85M shares of common stock for holders Tilray ($TLRY) upgraded to Overweight from Neutral at Cantor Fitzgerald Technology, Media & Telecom com ($BILL) files to sell 10.6M shares of common stock for holders ai ($AI) Q4 EPS loss (24c) vs. est. loss (26c); Q4 revs $52.3M vs. est. $50.6M; sees FY22 revs $243M-$247.0M vs. est. $239.94M Elastic ($ESTC) Q4 adj EPS loss (8c) vs. est. loss (16c); Q4 revs $177.6M vs. est. $157.94M; sees Q1 adj EPS loss (13c)-(10c) vs. est. loss (12c); sees Q1 revs $171M-$173M vs. est. $168.78M; Q4 Revenue of $177.6 million, Up 44% YoY, Q4 SaaS Revenue of $51.3 million, Up 77% YoY and FY21 Revenue of $608.5 million, Up 42% YoY FireEye ($FEYE) entered into a definitive agreement to sell the FireEye Products business, including the FireEye name, to a consortium led by Symphony Technology Group in an all-cash transaction for $1.2B; board approves share repurchase program of up to $500M Guidewire ($GWRE) Q3 adj EPS loss (16c) vs. est. loss (24c); Q3 revs $164M vs. est. $157.74M; sees year revs $732M-$738M up from $725M-$733M prior (est. $730.4M) NetApp ($NTAP) authorizes additional $500M stock buyback; raises quarterly dividend by 4% to 50c per share; Q4 EPS $1.17 vs. est. $1.12; Q4 revs $1.56B vs. est. $1.50B; Q4 billings up 12% at 1.74B; sees Q1 EPS 89c-97c vs. est. 87c; sees Q1 revs $1.37B-$1.47B vs. est. $1.37B Semtech ($SMTC) Q1 adj EPS 53c vs. est. 52c; Q1 revs $170.4M vs. est. $164.31M; Q1 Wireless and Sensing products group net sales increased 7% sequentially and 78% year-over-year for a new record that included record net sales for our LoRa(R) platforms and proximity sensing products; guides Q2 adj EPS 57c-65c vs. est. 57c; sees Q2 revs $177M-$187M vs. est. $169.58M Smartsheet ($SMAR) Q1 Non-Gaap EPS loss (9c) vs. est. loss (14c); Q1 revs $117.1M vs. est. $111.81M; Q1 calculated billings grew 48% YoY to $132.8M; Q2 net operating cash flow was negative $3.0M, net free cash flow was negative $8.2M; number of all customers with annualized contract values (“ACV”) of $5,000 or more grew to 12,655, an increase of 32% YoY; sees FY22 EPS loss (44c)-(36c) vs. est. loss (40c); sees FY22 revenue $510M-$515M vs. est. $502.76M Splunk ($SPLK) Q1 EPS ($2.89) vs. est. loss (70c); Q1 revs $502M vs. est. $491.32M; sees Q2 revenue $550M-$570M vs. est. $561.36M; sees Q2 ARR $2.59B-$2.62B and Q2 Cloud ARR $950M-$960M; said Q1 net loss widened on higher operating expenses, driven in part by its transition to the cloud Cambium Networks ($CMBM) 2M share Secondary priced at $48.00 dLocal ($DLO)41M share IPO priced at $21.00 Flex ($FLEX) files mixed securities shelf
119 Replies 7 👍 15 🔥
@DarkPoolAlgo #Dark Pool Charts
recently/*============================================= = Wednesday June 02 2021 = =============================================*/ U.S. stock futures are looking flat after a muted trading session overnight, with markets listless in its return from the three-day Memorial Day Weekend yesterday as investors look ahead to U.S. jobs data and for the moment appear unphased by any inflationary pressures. Markets have been gradually rising the last two-weeks, moving back near record highs for major averages on lighter volumes as we head into the summer. Some upcoming catalysts might be seen in the coming sessions, when the Labor Department releases its jobs report on Friday, before a high-profile FOMC meeting set for in mid-June. Oil prices traded near two-year highs on Wednesday after OPEC and its allies said they gradually would increase production in July as expected. On the economic calendar, investors will be eyeing the Fed’s Beige Book this afternoon. In Asian markets, The Nikkei Index rose 131 points to 28,946, the Shanghai Index fell -27 points to 3,597, and the Hang Seng Index declined -170 points to 29,297. In Europe, the German DAX is up around 20 points to 15,590, while the FTSE 100 is up a few points to 7,085. The S&P 500 and Nasdaq slipped late day as declines in healthcare and technology overshadowed energy and financial gains, as investors weighed the latest round of U.S. economic data for signs of a rebound and rising inflation. The energy sector posted its biggest one-day gain in nearly four months as oil prices rose while healthcare stocks dropped after a weak profit forecast from Abbott Labs weighed on testing and medical equipment stocks. Smallcaps outperformed again as the Russell 2000 advanced over 1% again led by energy stocks. While the S&P 500 remains less than 1% of its record high (came within 4 points of its all-time high intraday) after four straight months of gains, investors are worried about whether rising inflation could hit equity prices. Market Closing Prices Yesterday The S&P 500 Index slipped -2.08 points, or 0.05%, to 4,202.04 The Dow Jones Industrial Average climbed 46.85 points, or 0.14%, to 34,575.31 The Nasdaq Composite dipped -12.26 points, or 0.09%, to 13,736.48 The Russell 2000 Index rose 25.01 points, or 1.10% to 2,293.99 Events Calendar for Today 7:00 AM ET MBA Mortgage Applications Data 4:30 PM ET API Weekly Inventory Data Earnings Calendar Earnings Before the Open: $AAP, $DCI, $LE Earnings After the Close: $AI, $AMSC, $CLDR, $EDR, $ESTC, $GWRE, $MIND, $NCNO, $NTAP, $PVH, $SMAR, $SMTC, $SPLK, $SPTN, $SPWH Macro Up/Down Last Nymex 0.73 68.45 Brent 0.89 71.14 Gold -3.40 1,898.00 EUR/USD -0.0036 1.2177 JPY/USD 0.32 109.80 10-Year Note -0.009 1.606% Sector News Breakdown Consumer Overstock’s ($OSTK) tZERO Is Looking for a Buyer, according to CoinDesk. The company is exploring a number of options, including a SPAC merger, said tZERO VP of Investor Relations Michael Mougias. https://bit.ly/3pfoXIX Scotts Miracle-Gro ($SMG) boosts FY21 view for EPS $9.00-$9.30 (from prior $8.60-$9.00) and company-wide sales up 17%-19% vs. et. $9.15 and $4.65B, led by continued strength in both U.S. consumer and Hawthorne segments Advance Auto Parts ($AAP) Q1 adj EPS $3.34 vs. est. $3.08; Q1 sales $3.3B vs. est. $3.28B; Q1 comp sales rose 24.7%; raises FY21 revenue view to $10.4B-$10.6B from $10.2B-$10.4B and ups its FY21 comp sales view to 4%-6% from 2%-4%. AMC Entertainment ($AMC) shares looking higher by another 30% in pre-market trading, as individual traders on social media forums were unfazed after Hedge fund Mudrick Capital Management sold 8.5 million freshly issued AMC shares at a profit on Tuesday, immediately after buying them. Tesla ($TSLA) is recalling nearly 6,000 U.S. vehicles because brake caliper bolts could be loose, with the potential to cause a loss of tire pressure; the recall covers certain 2019-2021 Model 3 vehicles and 2020-2021 Model Y vehicles – in filing with the National Highway Traffic Safety Administration Energy, Industrials and Materials Donaldson ($DCI) Q3 EPS 66c vs. est. 58c; Q3 revs $765M vs. est. $707.59M; raises FY21 adj EPS view to $2.28-$2.34 vs. est. $2.21; expects full-year sales to increase between 9%-11% YoY, compared with prior guidance of between 5%-8% ProPetro Holding ($PUMP) files mixed securities shelf Orion Energy Systems ($OESX) 4Q EPS $0.04 vs. est. $0.10 on revs $35.5Mm vs. est. $39.1Mm; guides FY22 revs at least +28% vs. est. +34.3% Westport Fuel Systems ($WPRT) announces $100M offering of common shares Tellurian ($TELL) should start construction this summer on the Driftwood LNG export terminal in Louisiana, Executive Chairman Souki said RBC initiated Sector Perform ratings on Couer Mining ($CDE) with a $10 target and Pan American Silver (PAAS) Financials $SOFI was initiated with an Outperform rating and $25 price target at OpCo First Bancorp ($FBNC) to acquire Select Bancorp ($SLCT) for $18.10 per share in an all-stock transaction with a total current value of approximately $314.3 million, based on First Bancorp’s stock price as of May 28, 2021 Healthcare Amazon ($AMZN) said it will no longer screen its workers for cannabis (except for positions subject to regulation by the U.S. Department of Transportation) and will drop weed-testing requirements for recruitment as it supports a proposed U.S. legislation to legalize cannabis at the federal level (watch pot stocks $TLRY, $CGC, $CRON, $GTBIF, $CURLF) Eli Lilly ($LLY) got permission for restricted emergency use of bamlanivimab & etesevimab to treat covid-19 Edwards Lifesciences ($EW) announces that its Acumen Hypotension Prediction Index (HPI) software with the Acumen IQ finger cuff has received U.S. FDA clearance. iRhythm Technologies ($IRTC) said Mike Coyle has decided to resign from his position as president and CEO and a member of the company’s board, effective June 1, due to personal matters. Douglas Devine, the company’s CFO, has assumed the role of interim CEO while a search for a permanent CEO is conducted; reiterates Q2 guidance of ~4% sequential volume growth over Q1 Moderna, Inc. ($MRNA) entered into an agreement with Thermo Fisher Scientific (TMO) for fill/finish sterile manufacturing services and supply packaging for Moderna’s COVID-19 vaccine Invitae ($NVTA) files to sell 26.63M shares of common stock for holders Stealth Biotherapeutics ($MITO) receives orphan drug designation from the European medicine’s agency for elamipretide for the treatment of Barth syndrome ADC Therapeutics ($ADCT) files to sell 5.56M shares of common stock for holders Technology, Media & Telecom Ambarella ($AMBA) 1Q adj EPS $0.23 vs. est. $0.17 on revs $70.1Mm vs. est. $68.6Mm; guides 2Q revs $74-77Mm vs. est. $69.5Mm, adj gr margin 61-62%, adj op exp $36-37.5Mm Digital Turbine ($APPS) Q4 adj EPS 25c vs. est. 19c; Q4 revs $95.01M vs. est. $88M; sees Q1 non-GAAP EPS 31c vs. est. 21c; sees Q1 revs $188M-$192M vs. est. $101.94M; sees Q1 non-GAAP adjusted EBITDA2 $32M-$34M. Hewlett Packard Enterprises ($HPE) Q2 EPS 46c vs. est. 42c; Q2 revs $6.7B vs. est. $6.62B; raises FY21 EPS view to reflect momentum in demand to $1.82-$1.94 from $1.70-$1.88 (est. $1.84); guides Q3 EPS 38c-44c vs. est. 43c Medallia ($MDLA) raises FY22 revenue view to $566M-$570M from $563M-$567M; 1Q adj EPS ($0.08) vs. est. ($0.07) on revs $131.4Mm vs. est. $127.4Mm; guides 2Q subscription revs $113-114Mm, total revs $137-139Mm vs. est. $135.3Mm, adj loss ($12.5Mm) to ($11.5Mm); guides FY subscription revs $467-471Mm, total revs $566-570Mm vs. est. $564.7Mm Zoom Media ($ZM) Q1 adj EPS $1.32 vs. est. $0.99; Q1 res $956.2M vs. est. $906M; raises FY adj EPS view to $4.56-$4.61 from prior $3.59-$3.65 (est. $3.77); sees Q2 EPS $1.14-$1.15 vs. est. $0.94 and sees Q2 revs $985.0M-$990M vs. est. $941.6M; Q1 Number of customers contributing more than $100,000 in TTM revenue up 160% YoY; Q1 approximately 497,000 customers with more than 10 employees, up 87% YoY; Q1 free cash flow $454.2M vs. est. $280.4M
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Key Metrics
Market Cap
15.03 B
Beta
1.02
Avg. Volume
2.13 M
Shares Outstanding
213.90 M
Yield
2.81%
Public Float
0
Next Earnings Date
2023-08-23
Next Dividend Date
2023-07-06
Company Information
NetApp, Inc. is an American hybrid cloud data services and data management company. NetApp offers cloud data services for management of applications and data both online and physically. n addition, the company offers application-aware data management service under the NetApp Astra name; and professional and support services, such as strategic consulting, professional, managed, and support services. Further, it provides assessment, design, implementation, and migration services.
CEO: George Kurian
Website: http://www.netapp.com/
HQ: 1395 Crossman Ave Sunnyvale, 94089-1114 California
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