NetApp Earns Zacks Rank #1 as Analysts Raise Earnings Estimates

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Summary · why it matters

NetApp has been assigned a Zacks Rank #1 (Strong Buy) as covering analysts sharply raised their earnings estimates for the data storage company. For the current quarter, the company is expected to earn $2.60 per share, a change of +26.8% from the year-ago reported number, and the Zacks Consensus Estimate has increased 21.61% over the last 30 days, with eight estimates moving higher and no negative revisions. For the full year, the earnings estimate of $10.05 per share represents a change of +23.6% from the year-ago number, and that consensus estimate has risen 13.73% over the past month, again with eight estimates moving higher and none lower. NetApp shares have added 6% over the past four weeks. The Zacks Rank system ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), and Zacks #1 Ranked stocks have generated an average annual return of +25% since 2008.

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Cloud & Digital Infrastructure · 1 stocks
NetApp Inc
NTAP
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NetApp assigned Zacks Rank #1 (Strong Buy) as analysts sharply raised earnings estimates, a valuation/analyst-rating event.

Artificial Intelligence · 1 stocks

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