Core Viewpoint - NetApp's stock performance is being closely monitored ahead of its upcoming earnings report, with expectations for growth in earnings and revenue [2][3]. Company Performance - In the latest trading session, NetApp (NTAP) increased by 1.89% to $105.64, outperforming the S&P 500, which fell by 0.33% [1]. - Over the past month, NetApp shares declined by 3.13%, underperforming the Computer and Technology sector's loss of 1.09% and the S&P 500's flat performance [1]. Earnings Expectations - Analysts anticipate NetApp will report earnings of $2.08 per share on February 26, 2026, reflecting a year-over-year growth of 8.9% [2]. - The consensus estimate for revenue is $1.7 billion, indicating a 3.32% increase from the same quarter last year [2]. Full Year Projections - For the full year, analysts expect earnings of $7.92 per share and revenue of $6.76 billion, representing increases of 9.24% and 2.89% respectively from the previous year [3]. Analyst Revisions - Recent revisions to analyst forecasts for NetApp are important as they indicate short-term business trends, with positive revisions suggesting analyst optimism [4]. Valuation Metrics - NetApp is currently trading at a Forward P/E ratio of 13.1, which is below the industry average of 18.27, indicating a valuation discount [7]. - The company has a PEG ratio of 1.83, aligning with the industry average, which also reflects anticipated earnings growth [8]. Industry Context - The Computer-Storage Devices industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 18, placing it in the top 8% of over 250 industries [9].

Core Viewpoint - Western Digital (WDC) has emerged as the top-performing stock in the S&P 500 Index this year, driven by AI tailwinds and corporate restructuring, with analysts predicting further growth in 2026 [1][5]. Group 1: Stock Performance and Analyst Ratings - Morgan Stanley analysts maintain an "Overweight" rating on WDC stock with a price target of $228, indicating confidence in its future performance [1]. - WDC stock is currently trading at approximately 6 times its price from early April, reflecting significant appreciation [2]. - Wall Street analysts recommend holding onto Western Digital shares for the next 12 months, suggesting a consensus on its positive outlook [8]. Group 2: Business Developments and Financial Metrics - Western Digital has reinstated its dividend and announced a $2 billion stock buyback initiative, enhancing its attractiveness as a long-term investment [4]. - The company is expected to earn $1.80 per share in Q2, representing a year-over-year increase of over 16%, indicating strong momentum [4]. Group 3: Market Position and AI Influence - WDC's inclusion in the Nasdaq-100 Index serves as a validation of its new business model post-SanDisk spinoff, leading to forced buying from passive funds [3]. - Morgan Stanley forecasts that AI tailwinds will drive WDC stock up by another 26% next year, as the demand for data storage increases with AI model training [5]. - Valuation remains attractive, with WDC trading at less than 25 times forward earnings, compared to over 40 times for other AI beneficiaries like Nvidia [6].

Core Insights - The international operations of NetApp (NTAP) are crucial for assessing its financial resilience and growth prospects, especially given the interconnected nature of the global economy [2][3] Financial Performance - NetApp's total revenue for the quarter ended October 2025 was $1.71 billion, reflecting a year-over-year increase of 2.8% [4] - Revenue from Europe, Middle East, and Africa (EMEA) was $572 million, accounting for 33.6% of total revenue, which was a surprise increase of 3.8% compared to Wall Street's expectation of $551.06 million [5] - Asia Pacific contributed $270 million, representing 15.8% of total revenue, but this was a decrease of 1.68% from the expected $274.62 million [6] Revenue Projections - For the current fiscal quarter, analysts project total revenues of $1.7 billion, a 3.4% increase year-over-year, with EMEA expected to contribute 33.1% ($561.62 million) and Asia Pacific 16.5% ($279.99 million) [7] - The full-year revenue forecast is $6.76 billion, up 2.8% from the previous year, with EMEA expected to contribute 32.6% ($2.2 billion) and Asia Pacific 16.5% ($1.11 billion) [8] Market Dependency - NetApp's reliance on international markets presents both opportunities and challenges, making the monitoring of overseas revenue trends essential for predicting future performance [9][10]

Core Insights - Snowflake (SNOW) is a data storage company that has seen a significant increase in stock price, rising by 37% over the past year, outperforming the benchmark [1] Company Performance - The surge in Snowflake's stock price is attributed to heightened investor confidence, particularly in the context of AI advancements [1] Market Context - The performance of Snowflake reflects broader trends in the technology sector, where companies leveraging AI are experiencing increased investor interest and market valuation [1]

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]

Group 1: Company Performance - NetApp's stock closed at $105.27, reflecting a -1.08% change from the previous day, underperforming the S&P 500's loss of 0.33% [1] - Over the past month, NetApp shares gained 3.38%, which is lower than the Computer and Technology sector's gain of 5.24% and the S&P 500's gain of 4.07% [1] Group 2: Earnings Projections - NetApp's upcoming earnings per share (EPS) are projected to be $1.54, indicating a 1.28% decrease from the same quarter last year, with quarterly revenue expected to be $1.54 billion, down 0.15% from the previous year [2] - For the full year, analysts expect earnings of $7.72 per share and revenue of $6.74 billion, representing increases of +6.48% and +2.58% respectively from last year [3] Group 3: Analyst Estimates and Rankings - Recent changes to analyst estimates for NetApp suggest a favorable outlook on the company's business health and profitability [4] - The Zacks Rank system, which assesses stocks from 1 (Strong Buy) to 5 (Strong Sell), currently ranks NetApp at 3 (Hold), with the consensus EPS estimate moving 0.48% lower over the last 30 days [6] Group 4: Valuation Metrics - NetApp has a Forward P/E ratio of 13.78, which is in line with the industry average [7] - The company has a PEG ratio of 1.97, compared to the Computer-Storage Devices industry's average PEG ratio of 1.95 [8] Group 5: Industry Context - The Computer-Storage Devices industry is part of the Computer and Technology sector and holds a Zacks Industry Rank of 27, placing it in the top 11% of over 250 industries [9]

Core Viewpoint - Pure Storage (PSTG) is currently a stock of interest, with recent performance and earnings estimates influencing its near-term outlook [1][2]. Earnings Estimates - Pure Storage is expected to report earnings of $0.25 per share for the current quarter, reflecting a year-over-year decline of 21.9% [5]. - The consensus earnings estimate for the current fiscal year stands at $1.72, indicating a slight increase of 1.8% year-over-year, with no changes in the last 30 days [5]. - For the next fiscal year, the consensus estimate is $2.26, representing a significant increase of 31.2% compared to the previous year, also remaining unchanged over the past month [6]. Revenue Growth Forecast - The consensus sales estimate for the current quarter is $771.15 million, which shows a year-over-year growth of 11.2% [11]. - For the current fiscal year, the revenue estimate is $3.51 billion, indicating a growth of 10.9%, while the next fiscal year is projected at $4.04 billion, reflecting a 15% increase [11]. Last Reported Results and Surprise History - In the last reported quarter, Pure Storage achieved revenues of $879.84 million, marking an 11.4% increase year-over-year, with an EPS of $0.45 compared to $0.50 a year ago [12]. - The company exceeded the Zacks Consensus Estimate for revenues by 1.08% and for EPS by 7.14% [12]. - Pure Storage has consistently beaten consensus EPS and revenue estimates over the last four quarters [13]. Valuation - Pure Storage is currently graded F on the Zacks Value Style Score, indicating it is trading at a premium compared to its peers [17]. - Valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for assessing whether the stock is overvalued or undervalued [15][16]. Overall Market Position - The Zacks Rank for Pure Storage is 3 (Hold), suggesting that its performance may align with the broader market in the near term [7][18].

Company Performance - NetApp (NTAP) closed at $93.09, reflecting a +0.82% change from the previous session, outperforming the S&P 500's loss of 0.64% [1] - The stock has increased by 21.33% over the past month, surpassing the Computer and Technology sector's gain of 3.67% and the S&P 500's gain of 0.38% [1] Earnings Forecast - NetApp is expected to report an EPS of $1.89, indicating a 5% increase from the same quarter last year [2] - The Zacks Consensus Estimate for revenue is projected at $1.73 billion, up 3.42% from the previous year [2] Analyst Estimates - Recent changes to analyst estimates for NetApp reflect shifting short-term business dynamics, with positive revisions indicating analyst optimism about the company's profitability [3] - The Zacks Rank system, which incorporates these estimate changes, currently ranks NetApp at 3 (Hold) [5] Valuation Metrics - NetApp has a Forward P/E ratio of 11.93, aligning with the industry average [6] - The company has a PEG ratio of 1.39, compared to the industry average of 1.66 [7] Industry Context - The Computer-Storage Devices industry, part of the Computer and Technology sector, ranks 162 out of over 250 industries, placing it in the bottom 35% [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]