This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

NetApp, Blue Nile: After-Hours Trading (Update 1)

Stocks in this article: NTAP TSLA NILE NVDA CLWR

Updated from 4:49 p.m. ET to include latest share prices, additional information about Blue Nile, Nvidia, and Clearwire.

NEW YORK ( TheStreet) -- Shares of NetApp (NTAP - Get Report) surged in late trades on Wednesday after the Sunnyvale, Calif.-based provider of storage and data management technology products posted in-line results for its fiscal third quarter and gave a solid outlook.

The company reported a non-GAAP profit of $216 million, or 58 cents a share, for the January-ended period on revenue of $1.57 billion, matching the average estimate of analysts polled by Thomson Reuters.

For its fiscal fourth quarter ending in April, NetApp sees non-GAAP earnings of 60 to 65 cents a share on revenue ranging from $1.65 billion to $1.73 billion. Wall Street's current consensus view is for a profit of 63 cents a share in the current quarter on revenue of $1.68 billion.



The stock was last quoted at $43.25, up 8.6%, on volume of 4.6 million, according to Nasdaq.com. Based on a regular-session close at $39.88, the shares are up 8% so far in 2012.

"More and more customers are leveraging storage virtualization to re-architect their data centers in order to gain efficiency, flexibility and cost savings, and NetApp provides the most compelling value proposition in the industry for both private and public cloud deployments," said Tom Georgens, the company's president and CEO, in a statement. "Our success is evident in our results, as NetApp won a record number of new customers, significantly increased our units shipped -- including a record number of high-end systems, and saw solid revenue growth across almost all geographies in our third quarter."

The sell side was semi-bullish ahead of the report with 20 of the 36 analysts covering NetApp at strong buy (6) or buy (14), and the median 12-month price target at $45.50.

Check out TheStreet's quote page for NetApp for year-to-date share performance, analyst ratings, earnings estimates and much more.

Tesla Motors

Tesla Motors (TSLA - Get Report) was surging in the extended session with the electric car maker reported slightly better than expected revenue in its fiscal fourth quarter and said it remains on track to begin deliveries of its Model S vehicles by July.

The company posted a non-GAAP loss of $72 million, or 69 cents a share, in the latest three months with revenue totaling $39 million. The average estimate of analysts polled by Thomson Reuters was for a loss of 63 cents a share in the quarter on revenue of $38.5 million.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,678.70 +6.10 0.03%
S&P 500 2,057.09 +5.27 0.26%
NASDAQ 4,771.7630 +13.8840 0.29%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs