The headline numbers for NetApp (NTAP) give insight into how the company performed in the quarter ended January 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
NetApp (NTAP) came out with quarterly earnings of $1.91 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.94 per share a year ago.
NetApp lowered its revenue and profit forecast for fiscal year 2025 on Wednesday, hurt by diminishing demand for its data storage services.
NetApp, Inc. NTAP will release its third-quarter financial results after the closing bell on Thursday, Feb. 27.
NTAP's third-quarter performance is likely to have gained from momentum in all-flash products. Muted IT spending remains a concern.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for NetApp (NTAP), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended January 2025.
NetApp (NTAP) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
In the closing of the recent trading day, NetApp (NTAP) stood at $124.58, denoting a +0.04% change from the preceding trading day.
In the closing of the recent trading day, NetApp (NTAP) stood at $117.90, denoting a -1.39% change from the preceding trading day.
Zacks.com users have recently been watching NetApp (NTAP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
In the latest trading session, NetApp (NTAP) closed at $123.72, marking a +1.9% move from the previous day.
NetApp (NTAP) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, NTAP crossed above the 200-day moving average, suggesting a long-term bullish trend.