Technical Reports on Data Storage Devices Equities -- NetApp, Teradata, Pure Storage, and Quantum

News provided by

Nov 09, 2016, 07:00 ET

NEW YORK, November 9, 2016 /PRNewswire/ --

In today's pre-market research, Stock-Callers.com recalls the performances of the following Data Storage Devices equities: NetApp Inc. (NASDAQ: NTAP), Teradata Corp. (NYSE: TDC), Pure Storage Inc. (NYSE: PSTG), and Quantum Corp. (NYSE: QTM) These companies belong to the Technology sector which rose on Tuesday, November 08, 2016, with shares of tech companies in the S&P 500 advancing over 0.5%. Today's research reports on the aforementioned stocks are downloadable for free upon registration at:

http://stock-callers.com/registration

NetApp

On Tuesday, shares in Sunnyvale, California headquartered NetApp Inc. recorded a trading volume of 3.20 million shares. The stock ended the day at $32.49, climbing 1.18%. The Company's shares have gained 18.28% over the previous three months and 25.80% on an YTD basis. The stock is trading above its 200-day moving average by 18.50%. Furthermore, shares of NetApp, which provides software, systems, and services to manage and store computer data worldwide, have a Relative Strength Index (RSI) of 42.19.

As per notes filed with the SEC on November 03^rd, 2016, NetApp committed to a restructuring and reduction in workforce on October 30^th, 2016, as a part of its planned transformation efforts to streamline its core business and reduce operating expenses. In connection with these actions, the Company expects to reduce its worldwide headcount by approximately 6%. The reduction in workforce will be implemented through the end of Q4 FY 17. The Company expects to incur aggregate charges of approximately $50 to $60 million for employee terminations and other costs associated with the restructuring. The Company expects that most of these charges will be cash expenditures and that it will recognize the majority of these charges in Q3 FY 2017. Visit us today and access our complete research report on NTAP at:

http://stock-callers.com/registration/?symbol=NTAP

Teradata

Dayton, Ohio headquartered Teradata Corp.'s stock finished yesterday's session 1.44% higher at $27.50 and with a total trading volume of 1.33 million shares. The Company's shares have gained 4.09% on an YTD basis. The stock is trading below its 200-day moving average by 0.23%. Furthermore, shares of Teradata, which provides analytic data solutions, marketing and analytic applications, and related services in the US and internationally, have an RSI of 41.24.

On October 27^th, 2016, Teradata reported revenue of $552 million for Q3 2016 versus $606 million in Q3 2015. Teradata reported GAAP net income of $49 million in the reported quarter, or $0.37 per diluted share, compared to $78 million, or $0.55 per share, in Q3 2015. The complimentary report on TDC can be downloaded at:

http://stock-callers.com/registration/?symbol=TDC

Pure Storage

At the closing bell on Tuesday, shares in Mountain View, California headquartered Pure Storage Inc. rose 1.22%, ending the day at $12.45 and with a total trading volume of 471,299 shares. The stock is trading 3.20% below its 200-day moving average. Shares of the Company, which develops and provides an enterprise data storage platform in the US, Europe, and Asia, have an RSI of 48.37.

On October 18^th, 2016, research firm JP Morgan initiated a 'Neutral' rating on the Company's stock, issuing a target price of $13 per share.

On November 04^th, 2016, Pure Storage announced a conference call for November 30^th, 2016, at 2:00 pm to announce its Q3 financial results for the period ended October 31^st, 2016. Financial results will be released after the close of the market on November 30^th. Register for free on Stock-Callers.com and access the latest research report on PSTG at:

http://stock-callers.com/registration/?symbol=PSTG

Quantum

San Jose, California headquartered Quantum Corp.'s stock ended the day 0.19% higher at $0.74 and with a total trading volume of 567,034 shares. The Company's shares have gained 25.73% over the previous three months. The stock is trading 30.85% above its 200-day moving average. Additionally, 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 the Asia/Pacific, have an RSI of 44.81.

On October 27^th, 2016, Quantum reported that for Q2 FY17 total revenue was $134.7 million, an increase of $17.7 million from Q2 FY16. Scale-out storage revenue grew to a record $46.7 million in the reported quarter, up from $29.9 million and the 21st consecutive quarter of y-o-y growth. GAAP gross margin was 41.2% in Q2 FY17, up from 39.6% in Q2 FY16. The company's Q2 FY17 GAAP net income was $3.8 million, or $0.01 per diluted share, and non-GAAP net income was $6.0 million, or $0.02 per diluted share. Get free access to your research report on QTM at:

http://stock-callers.com/registration/?symbol=QTM

Stock Callers:

Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

SC has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit

http://stock-callers.com/legal-disclaimer/

CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: [email protected]
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP