Alert: New Earnings Report (11/28/23)-NetApp Inc (NASDAQ: NTAP).


For its second fiscal quarter (ending October 31), NetApp Inc (NASDAQ: NTAP) has reported a -68% decline in E.P.S. from $3.46 a year ago to $1.12 in the current quarter. For the latest four quarters through October 31, E.P.S. were $3.27 versus $6.70 for the same period a year ago — a decline of -51%.


Recent Price Action

NetApp Inc (NASDAQ: NTAP) stock closed at $78.11 on 11/28/23 after a slight gain of 0.03%. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 0.8% during the last week.

Current PriceTarget Research Rating

NTAP’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.

NetApp has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. NetApp has a slightly positive Appreciation Score of 66 and a very high Power Rating of 93, producing the Highest Value Trend Rating.

Rating Review

In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.

Be the first to comment

Leave a Reply

Your email address will not be published.