Is Most-Watched Stock NetApp, Inc. (NTAP) Worth Betting on Now?

Core Viewpoint - NetApp's stock has underperformed recently, with a return of -8.2% over the past month, while the Zacks S&P 500 composite increased by +4.6% and the Computer-Storage Devices industry gained +23.1% [1] Earnings Estimate Revisions - The consensus earnings estimate for the current quarter is $1.89 per share, reflecting a year-over-year change of +1.1% [4] - The consensus earnings estimate for the current fiscal year is $7.77, indicating a year-over-year change of +7.2% [4] - For the next fiscal year, the consensus earnings estimate is $8.68, showing a change of +11.7% from the previous year [5] - NetApp holds a Zacks Rank 3 (Hold), indicating a neutral outlook based on earnings estimate revisions [6] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $1.69 billion, representing a year-over-year change of +1.7% [10] - The sales estimates for the current and next fiscal years are $6.76 billion and $7.06 billion, indicating changes of +2.8% and +4.4%, respectively [10] Last Reported Results and Surprise History - In the last reported quarter, NetApp generated revenues of $1.56 billion, a year-over-year change of +1.2% [11] - The EPS for the same period was $1.55, compared to $1.56 a year ago, with a revenue surprise of +1.19% and an EPS surprise of +0.65% [11] - Over the last four quarters, NetApp surpassed consensus EPS estimates three times and topped revenue estimates three times [12] Valuation - NetApp is graded B on the Zacks Value Style Score, indicating it is trading at a discount to its peers [16]