How To Earn $500 A Month From NetApp Stock Ahead Of Q3 Earnings

Core Viewpoint - NetApp, Inc. is set to release its third-quarter financial results, with analysts projecting a slight decline in earnings per share but an increase in quarterly revenue [1]. Financial Performance - Analysts expect NetApp to report quarterly earnings of $1.91 per share, down from $1.94 per share in the same period last year [1]. - The company projects quarterly revenue of $1.7 billion, compared to $1.61 billion a year earlier [1]. Analyst Rating and Price Target - Bank of America Securities analyst Wamsi Mohan upgraded NetApp's rating from Underperform to Neutral and raised the price target from $121 to $128 [2]. Dividend Information - NetApp currently offers an annual dividend yield of 1.70%, translating to a quarterly dividend of 52 cents per share, or $2.08 annually [3]. - To achieve a monthly dividend income of $500, an investor would need to own approximately 2,885 shares, equating to a total investment of about $359,154 [5]. - For a more conservative monthly income goal of $100, an investor would need 577 shares, or an investment of approximately $71,831 [5]. Stock Price Movement - Shares of NetApp increased by 1.5%, closing at $124.49 on Wednesday [7].