Investors Heavily Search NetApp, Inc. (NTAP): Here is What You Need to Know

Core Viewpoint - NetApp (NTAP) has shown strong performance recently, with a return of +11.7% over the past month, outperforming the S&P 500 composite and the Computer-Storage Devices industry [1] Earnings Estimate Revisions - For the current quarter, NetApp is expected to report earnings of $1.45 per share, reflecting a +26.1% increase year-over-year, although the Zacks Consensus Estimate has decreased by -0.4% in the last 30 days [3] - The consensus earnings estimate for the current fiscal year is $6.82, indicating a +5.6% change from the previous year, with a +0.6% adjustment over the last month [3] - For the next fiscal year, the consensus estimate is $7.28, showing a +6.7% increase from the prior year, with a +2.3% change in the last month [3] - NetApp holds a Zacks Rank of 3 (Hold), influenced by recent changes in earnings estimates and other related factors [3] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $1.53 billion, representing a +7.2% year-over-year increase [5] - For the current fiscal year, the revenue estimates are $6.54 billion and $6.78 billion, indicating changes of +4.4% and +3.7%, respectively [5] Last Reported Results and Surprise History - In the last reported quarter, NetApp achieved revenues of $1.67 billion, a +5.5% increase year-over-year, and an EPS of $1.80 compared to $1.54 a year ago [6] - The reported revenues exceeded the Zacks Consensus Estimate of $1.66 billion by +0.43%, while the EPS met the consensus estimate [6] - Over the last four quarters, NetApp has surpassed consensus EPS estimates three times and has exceeded revenue estimates each time [6] Valuation - NetApp's valuation is assessed through multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), which help determine if the stock is fairly valued, overvalued, or undervalued [7] - The Zacks Value Style Score indicates that NetApp is graded D, suggesting it is trading at a premium compared to its peers [9]