Data Storage Devices Stocks Under Review -- NetApp, Teradata, Quantum, and Pure Storage
NEW YORK, February 24, 2017 /PRNewswire/ --
Stock-Callers.com has initiated reports coverage on the following Data Storage Devices equities: NetApp Inc. (NASDAQ: NTAP), Teradata Corp. (NYSE: TDC), Quantum Corp. (NYSE: QTM), and Pure Storage Inc. (NYSE: PSTG). These companies belong to the Technology sector which returned to its break-even marks in afternoon trade on Thursday, February 23rd, 2017, with shares of Tech companies in the S&P 500 sinking less than 0.1% late in the day. Learn more about these stocks by downloading their free research reports in PDF format at:
http://stock-callers.com/registration
NetApp
On Thursday, shares in Sunnyvale, California headquartered NetApp Inc. recorded a trading volume of 3.18 million shares, which was above their three months average volume of 2.94 million shares. The stock ended the day at $40.94, rising 0.59% from the last trading session. The Company's shares have advanced 9.12% in the last one month, 10.88% in the previous three months, and 16.70% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 10.23% and 28.95%, respectively. Furthermore, shares of NetApp, which provides software, systems, and services to manage and store computer data worldwide, have a Relative Strength Index (RSI) of 73.73.
On February 15th, 2017, NetApp reported net revenues for Q3 FY17 of $1.40 billion. The Company's GAAP net income for Q3 FY17 was $146 million, or $0.52 per share, compared to GAAP net income of $153 million, or $0.52 per share, for Q3 FY16. NetApp also announced a cash dividend of $0.19 per share, payable on April 26th, 2017 to shareholders of record as of the close of business on April 07th, 2017.
On February 16th, 2017, research firm Lake Street upgraded the Company's stock rating from 'Hold' to 'Buy' while revising its previous target price from $32 a share to $43 a share. Sign up and read the free research report on NTAP at:
http://stock-callers.com/registration/?symbol=NTAP
Teradata
Dayton, Ohio headquartered Teradata Corp.'s stock saw a slight decline of 0.13%, finishing yesterday's session at $31.36 with a total trading volume of 1.11 million shares. The Company's shares have gained 9.50% in the last month, 14.24% over the previous three months, and 15.42% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 7.98% and 8.98%, respectively. Additionally, shares of Teradata, which provides analytic data solutions, marketing and analytic applications, and related services in the US and internationally, have an RSI of 62.22.
On February 09th, 2017, Teradata reported revenue of $626 million for Q4 2016 versus $719 million in Q4 2015. The Q4 2015 period included $39 million of revenue from the Marketing Applications business that Teradata sold on July 01st, 2016. Teradata GAAP net income was $58 million in Q4 2016, or $0.44 per diluted share, compared to net loss of $49 million, or $(0.37) per share, in Q4 2015.
On February 10th, 2017, research firm BMO Capital Markets reiterated its 'Market Perform' rating on the Company's stock with an increase of the target price from $27 a share to $32 a share. The complimentary research report on TDC can be downloaded at:
http://stock-callers.com/registration/?symbol=TDC
Quantum
Shares in San Jose, California headquartered Quantum Corp. ended the session 1.88% lower at $0.91. The stock recorded a trading volume of 1.16 million shares, which was above its three months average volume of 1.15 million shares. The Company's shares have gained 9.94% on an YTD basis. The stock is trading 4.45% above its 50-day moving average and 31.68% above its 200-day moving average. Moreover, shares of Quantum, which provides scale-out storage, archive, and data protection solutions for small businesses and multi-national enterprises in the Americas, Europe, and Asia/Pacific, have an RSI of 53.12.
On February 07th, 2017, Quantum Corp. announced that Network Computing readers have nominated StorNext 5 scale-out file system and multi-tier data management software as a finalist in the Storage Product of the Year category for the 2017 Network Computing Awards. Register for free on Stock-Callers.com and access the latest report on QTM at:
http://stock-callers.com/registration/?symbol=QTM
Pure Storage
At the closing bell on Thursday, Mountain View, California headquartered Pure Storage Inc.'s stock climbed 0.51%, finishing at $11.72. A total volume of 1.24 million shares was traded. The Company's shares have gained 3.63% on an YTD basis. The stock is trading 0.20% above its 50-day moving average. Additionally, shares of Pure Storage, which develops and provides an enterprise data storage platform in the US, Europe, and Asia, have an RSI of 51.87.
On February 21st 2017, Cohesity announced a new integration with Pure Storage to deliver faster, more efficient data protection and recovery. The native integration with Pure Storage FlashArray//M also empowers customers to leverage public cloud storage for long-term data retention and accelerate DevOps with instantaneous copies of any production application. Get free access to your research report on PSTG at:
http://stock-callers.com/registration/?symbol=PSTG
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