Notable Investor’s Watch List: NetApp Inc. (NASDAQ:NTAP), CIT Group Inc. (NYSE:CIT)

On Friday, Shares of NetApp Inc. (NASDAQ:NTAP), added 1.20% and closed at $33.86 in the last trading session. The last trading range of the stock ranges between $33.26 and $33.92. After market close on Wednesday, November 16, 2016, NetApp (NTAP) will declare financial results for the second quarter of fiscal year 2017, which ended October 28, 2016.

NetApp executive administration will host a conference call at 2:30 p.m. Pacific Time to discuss these results and provide their perspective on market dynamics. The call will be broadcast live via the Internet.

CIT Group Inc. (NYSE:CIT), jumped 0.05% and closed at $38.40 in the last trading session. The last trading range of the stock ranges between $37.87 and $38.68. The company’s Market capitalization is $7.78 Billion with the total Outstanding Shares of 202.06 million. CIT Group Inc. (CIT), cit.com, a leading provider of commercial lending and leasing services, recently declared that CIT Aerospace, Defense & Government Finance served as sole lead arranger in a $52 million senior secured credit facility to North American Rescue, LLC (NAR), the premier provider of survivability and casualty care medical products to the U.S. Military, Law Enforcement and Civilian First Responder markets. NAR is a portfolio company of an associate of Blue Wolf Capital Partners LLC (Blue Wolf), a private equity firm that specializes in responsibly transforming middle market companies. The financing will be used to refinance existing credit facilities and to provide working capital. Financing was offered by CIT Bank, N.A., the principal bank partner of CIT. Terms of the transaction were not revealed.

Bob Castellani, Founder and Chief Executive Officer of NAR, said, “Having served for 10 years as an Air Force Para-rescue specialist, with four of those spent serving in the Joint Special Operations Command, I have experience with the value and critical nature of NAR’s products. Our products make a life-saving difference to people serving in harm’s way. I appreciate CIT’s expertise in the sector, their appreciation of our business and their desire to assist us continue to expand our life-saving mission.”

Leave a Reply

Your email address will not be published. Required fields are marked *