NetApp Down Over 13%, on Track for Largest Percent Decrease Since August 2011 -- Data Talk
November 15 2018 - 10:54AM
Dow Jones News
NetApp Inc. (NTAP) is currently at $67.33, down $10.70 or
13.72%
-- Would be lowest close since May 29, 2018, when it closed at
$66.96
-- On pace for largest percent decrease since Aug. 18, 2011,
when it fell 14.05%
-- On Wednesday, NetApp reported second-quarter profit of $241
million, or 91 cents a share, compared with $174 million, or 63
cents a share, a year ago. Revenue rose 7% to $1.52 billion from
$1.42 billion a year earlier. Analysts had expected $1.59 billion
of revenue in the quarter
-- Earlier Thursday, Benzinga reported that Citigroup cut its
price target on NetApp to $77.00/share from $83.00/share, and that
Maxim Group cut its price target to $89.00/share from
$91.00/share
-- Worst two day stretch since the two days ending Nov. 18,
2011, when it fell 14.73%
-- Down 14.22% month-to-date
-- Up 21.71% year-to-date
-- Down 54.7% from its all-time closing high of $148.62 on Oct.
20, 2000
-- Down 23.42% from its 52 week closing high of $87.92 on Sept.
4, 2018
-- Down 13.72% at today's intraday low; largest intraday percent
decrease since Feb. 15, 2018, when it fell as much as 14.25%
-- Second worst performer in the S&P 500 today
All data as of 11:11:21 AM
Source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
November 15, 2018 11:39 ET (16:39 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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