Elliott Management: Dividend, Buyback are 'Positive Steps' for NetApp (NTAP)
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Price: $157.82 -0.31%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3.1%
Revenue Growth %: +16.7%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3.1%
Revenue Growth %: +16.7%
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NetApp, Inc. (Nasdaq: NTAP) shares are higher in late trading following Q1 results, guidance, and announcement of a better capital return to shareholders.
Commenting on the results, Elliott Management said today that NetApp's dividend and buyback were "positive steps." The statement was made in an email sent to Bloomberg.
Elliott last reported holding about 402,903 shares of NetApp.
Commenting on the results, Elliott Management said today that NetApp's dividend and buyback were "positive steps." The statement was made in an email sent to Bloomberg.
Elliott last reported holding about 402,903 shares of NetApp.
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