Hewlett Packard Enterprise has been regularly rewarding shareholders through dividends and buybacks. This week, HPE reported its fiscal 2019 Q4 earnings.
NetApp has been part of the Fortune 500 since its inception in 1992. The storage provider went public in 1995, and its revenue reached $1 billion in 2000.
HP stock dropped around 2% on Thursday after Goldman Sachs turned bearish on it. Among the 17 analysts covering HP, only one analyst gave it a “buy” rating.
The Dow continues to trade just below its all-time high. Analysts are watchful as stocks’ valuations rise, making them expensive at their current prices.
When the 10-year Treasury yield dips to 1.6%, where do investors park their funds? You can look at stocks with a high dividend yield as an alternative.
The yield curve inverted yesterday, driving markets down. The DJIA fell 800 points yesterday—its worst performance in 2019—on fears of a looming recession.
Cisco (CSCO) stock fell 8% today after releasing its Q4 results after the market closed yesterday. Cisco reported sales of $13.4 billion, a rise of 6% YoY.
NetApp’s (NTAP) shares have fallen 21.3% in the last two trading days after the company announced preliminary results for its first quarter of fiscal 2020.
HPE spent $154 million to pay a cash dividend of $0.1125 per share in the second quarter of fiscal 2019 as part of the company’s capital return plan of $7 billion through fiscal 2019.
Market research firm International Data Corporation (or IDC) has estimated the worldwide enterprise storage system revenue to grow at 34.4% YoY (year-over-year) to $13 billion.
Seagate (STX) stock fell ~4% yesterday. The stock has returned -4.5% over the last two trading sessions, -5.3% in the last five days, -2.9% in the last month, and 31% over the last 12 months.
Earlier this month, NetApp (NTAP) announced that NetApp Cloud Volumes, a fully managed, cloud-native file storage service, has been integrated with Google Cloud Platform (GOOG) (GOOGL).
NetApp (NTAP) is depending on its Data Fabric strategy and other solutions to acquire new customers, expand its presence among existing customers, and create new business opportunities.
NetApp stated that its customer acquisitions have continued to accelerate and the company is now viewed as a critical strategic partner for data-driven digital transformation.
NetApp expects its Cloud Data Services revenue to rise at a CAGR (compound annual growth rate) of 46% from $400 million in fiscal 2017 to $2 billion in fiscal 2021.
On April 11, 2018, Western Digital (WDC) unveiled its Purple microSD card, which will be used for the data demands of surveillance cameras and edge systems.
WDC believes the global economic environment is healthy with major markets such as the United States, China (FXI), and the European Union all experiencing rising GDP (gross domestic product).
Hewlett Packard Enterprise (HPE) has generated a return of 10% in the trailing-12-month period, -2.2% in the last month, and -1.7% in the trailing-five-day period.
Market research company International Data Corporation estimated a rise of 14% year-over-year in sales from total worldwide enterprise storage systems in 3Q17.
In the previous part of this series, we saw that NetApp’s (NTAP) revenue in fiscal 2Q18 rose YoY (year-over-year), driven by a robust product portfolio and strong demand for storage solutions.
According to Statista, HDD shipments are estimated to decline from 470 million units in calendar 2015 to 395 million units in 2017 and 330 million units in 2021.
In September 2017, Western Digital’s (WDC) brand HGST was named in Gartner’s Magic Quadrant for Distributed File Systems and Object Storage as a niche player.
HPE aims to simplify hybrid IT Hewlett Packard Enterprise (HPE) is recognized as one of the leaders in the hybrid IT (information technology) service space. The company aims to develop software-defined solutions that will simplify hybrid IT. Market research company Gartner has named HPE as the leader in its Magic Quadrant for modular servers. Other companies in the […]
Analysts expect NetApp (NTAP) to post a non-GAAP (generally accepted accounting principles) net margin of 11.6% with an operating margin of 18.6% in fiscal 2018.
NetApp (NTAP) announced that it has recently acquired private startup firm GreenQloud, which provides a cloud services orchestration and management platform for hybrid cloud environments.
Wells Fargo maintained its “market perform” rating for NetApp and has a 12-month price target of $40, which is an increase of $1.00 from the earlier target of $39.00.
NetApp’s (NTAP) latest quarterly results continued the management’s narrative that the company’s execution strategy is striking the right chord with customers.
NetApp (NTAP) continued beating earnings expectations in the latest quarter, when results also exceeded internal guidance and grew from the year-ago period.
NetApp beats earnings and revenue estimates Storage appliance maker NetApp (NTAP) announced its fiscal 1Q18 results on Wednesday, August 16. The company posted its fifth earnings beat in a row, while revenue was in line with projections. The company’s fiscal 1Q18 revenue was $1.3 billion, a 2% increase from the same quarter last year. The […]
Nokia’s current book value per share of ~$3.6 compares with its expected book value per share of ~$3.6. Nokia stock is trading at a price-to-book value of ~1.6x.
Western Digital (WDC) expects to realize savings of $800 million on an annualized run-rate basis due to the integration of HGST by the end of fiscal 2017.
Apple’s (AAPL) balance sheet reflects short-term and long-term debts of ~$14 billion and ~$84.5 billion, respectively, putting its total debt at $98.5 billion.
After all is said and done about Seagate’s mixed fiscal 3Q17 report, for income investors, the most important question is whether the company can keep dividends flowing.
