NetApp (NTAP): FQ4 EPS of $0.66 beats by $0.03. Revenue of $1.7B (+19% Y/Y) beats by $20M. Expects FQ1 revenue of $1.4B-$1.5B and EPS of $0.34-$0.39, below consensus of $1.61B and $0.59
Though shares are down 18.1% AH thanks to the weak FQ1 guidance accompanying its FQ4 report, along with a lack of FY13 guidance, NetApp (NTAP) insisted on staying positive during its earnings call, and only blamed the guidance on macro issues and EMEA/public sector demand. Execs became defensive when asked about share loss, pointing to the limited growth seen by rivals while ignoring the fact FQ1 guidance implies the same for NetApp, in spite of its focus on some faster-growing segments
Though shares are down 18.1% AH thanks to the weak FQ1 guidance accompanying its FQ4 report, along with a lack of FY13 guidance, NetApp (NTAP) insisted on staying positive during its earnings call, and only blamed the guidance on macro issues and EMEA/public sector demand. Execs became defensive when asked about share loss, pointing to the limited growth seen by rivals while ignoring the fact FQ1 guidance implies the same for NetApp, in spite of its focus on some faster-growing segments
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