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:
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 03rd, 2016, NetApp committed to a restructuring and reduction in workforce on October 30th, 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:
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 27th, 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:
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 18th, 2016, research firm JP Morgan initiated a 'Neutral' rating on the Company's stock, issuing a target price of $13 per share.
On November 04th, 2016, Pure Storage announced a conference call for November 30th, 2016, at 2:00 pm to announce its Q3 financial results for the period ended October 31st, 2016. Financial results will be released after the close of the market on November 30th. Register for free on Stock-Callers.com and access the latest research report on PSTG at:
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 27th, 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:
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