NetApp (NTAP) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this data storage company have returned +11.7%, compared to the Zacks S&P 500 composite's +4.6% change. During this period, the Zacks Computer- Storage Devices industry, which NetApp falls in, has gained 9%. The key question now is: What could be the stock's future direction?Although med ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

NetApp, Inc. (NASDAQ:NTAP) Q4 2024 Earnings Conference Call May 30, 2024 5:00 PM ET Company Participants Kris Newton - VP, IR George Kurian - CEO Mike Berry - CFO Conference Call Participants David Vogt - UBS Matt Sheerin - Stifel Meta Marshall - Morgan Stanley Samik Chatterjee - J.P. Morgan Mehdi Hosseini - SIG Steven Fox - Fox Advisors Simon Leopold - Raymond James Wamsi Mohan - Bank of America Nehal Chokshi - Northland Capital Markets Tim Long - Barclays Ananda Baruah - Loop Capital Eddie Pellon - TD Cow ...

NetApp (NTAP) reported $1.67 billion in revenue for the quarter ended April 2024, representing a year-over-year increase of 5.5%. EPS of $1.80 for the same period compares to $1.54 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.66 billion, representing a surprise of +0.43%. The company has not delivered EPS surprise, with the consensus EPS estimate being $1.80.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectat ...

NetApp (NTAP) came out with quarterly earnings of $1.80 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.54 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this data storage company would post earnings of $1.69 per share when it actually produced earnings of $1.94, delivering a surprise of 14.79%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.NetApp, which belongs to ...

Exhibit 99.1 NetApp Reports Fourth Quarter and Fiscal Year 2024 Results Net revenues of $1.67 billion for the fourth quarter; Net revenues of $6.27 billion for fiscal year 2024 SAN JOSE, Calif.—May 30, 2024—NetApp (NASDAQ: NTAP), the intelligent data infrastructure company, today reported financial results for the fourth quarter and fiscal year 2024, which ended on April 26, 2024. "We concluded fiscal year 2024 on a high note, delivering company records for annual gross margin, operating margin, EPS, operat ...

NetApp Inc (NTAP) is slated to release fourth-quarter fiscal 2024 earnings on May 30.The company projects non-GAAP earnings per share (EPS) to be between $1.73 and $1.83 for the quarter. The Zacks Consensus Estimate is pegged at $1.80, suggesting an increase of 16.9% from the year-ago.Net revenues are anticipated in the range of $1.585-$1.735 billion. The Zacks Consensus Estimate is pegged at $1.66 billion, implying a 5.1% increase from the prior-year.NTAP beat estimates in each of the last four quarters, d ...

NetApp (NTAP) ended the recent trading session at $115.65, demonstrating a +1.41% swing from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.7%. Elsewhere, the Dow gained 0.01%, while the tech-heavy Nasdaq added 1.1%.Coming into today, shares of the data storage company had gained 12.98% in the past month. In that same time, the Computer and Technology sector gained 8.26%, while the S&P 500 gained 4.03%.Market participants will be closely following the financial results o ...

In its upcoming report, NetApp (NTAP) is predicted by Wall Street analysts to post quarterly earnings of $1.80 per share, reflecting an increase of 16.9% compared to the same period last year. Revenues are forecasted to be $1.66 billion, representing a year-over-year increase of 5.1%.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Ahea ...

NetApp (NTAP) closed the latest trading day at $112.28, indicating a +1.64% change from the previous session's end. The stock outpaced the S&P 500's daily gain of 0.09%. At the same time, the Dow lost 0.49%, and the tech-heavy Nasdaq gained 0.65%.The data storage company's stock has climbed by 12.78% in the past month, exceeding the Computer and Technology sector's gain of 7.36% and the S&P 500's gain of 5.78%.The upcoming earnings release of NetApp will be of great interest to investors. The company's earn ...