Barclays Downgrades Dell and HP Enterprise, Citing High Valuations and Lack of AI Catalyst
Barclays downgraded Dell, HP Enterprise and NetApp to Equal Weight, citing elevated valuations, commodity-driven revenue gains and no clear AI inflection.
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NetApp Beat Estimates and Raised Guidance. Cash Flow Still Sent the Stock Lower.
NetApp posted record $2.03B revenue and raised FY27 guidance, but free cash flow fell 35% on an inventory build.
Morgan Stanley Turns More Positive on IT Hardware, Upgrades HPE and NetApp
Morgan Stanley raises U.S. IT hardware outlook to In-Line, upgrades HPE and NetApp on AI-driven demand, while downgrading Teradata.
Record Quarter for NetApp: $1.95B Revenue Beat + Raised FY2027 Forecast
NetApp beat earnings, grew revenue, boosted cloud & AI products, and raised strong 2027 outlook above expectations.
NetApp Beats Q2 Earnings on Strong AI Storage Demand Growth
NetApp stock jumps after beating Q2 profit and revenue estimates. Strong AI data storage demand and raised annual forecast drive investor optimism.