Earnings Forecast Research on NetApp, Inc. (NTAP)

NetApp, Inc. has received $0.59 as the consensus Earnings Estimate for the Quarter ending on Jan 2017 ,According to the estimate provided by 12 Financial Advisor in the Stock Trading Firms. Among 12 Analysts, Bottom line EPS Estimate for the current quarter is $0.54 while the top line estimate is $0.61 , a key information to consider for Day Trading and investing in stocks. The EPS growth rate is projected at 13.14%.

NetApp, Inc. reported better than expected with a surprise EPS of 10.53% or $0.04 during its most recent quarterly earnings. The Actual EPS was $0.42 compared to the Estimated EPS of $0.38. Sunnyvale based NetApp, Inc. Last reported the Quarter results on Oct 31, 2016 and the Next earnings date is scheduled to be released on Feb 15, 2017.

NetApp, Inc. has a Price to Earnings ratio of 24.09 for the trailing twelve month period. The price to book ratio of the company for the most recent quarter is 3.8. For the Most Recent Fiscal Year, NetApp, Inc. has a price to cash ratio of 15.9. For the Trailing twelve month period, company showed a Net Profit Margin of 5.89% and Return on Equity of the stock is 15.66%.

In the last quarter, NetApp, Inc. reported Annual Earnings of $0.42. Based on the filings, last years Annual Earnings was, $1.39. In the last Quarter, NTAP reported a surprise Earnings per Share of 10.53% . The consensus estimate for current quarter is $0.59 and for the current fiscal year, the estimate is $1.91. For the Next fiscal year, the estimate is $2.14 based on the consensus.

NetApp, Inc. (NASDAQ:NTAP) : On Tuesday heightened volatility was witnessed in NetApp, Inc. (NASDAQ:NTAP) which led to swings in the share price. The stock opened for trading at $37.85 and hit $38.42 on the upside , eventually ending the session at $38.32, with a gain of 0.66% or 0.25 points. The heightened volatility saw the trading volume jump to 2,377,821 shares. The 52-week high of the share price is $39 and the company has a market cap of $10,552 million. The 52-week low of the share price is at $20.89 .

NetApp Inc., formerly Network Appliance, Inc., is a leading provider of innovative data management solutions that simplify the complexity of storing, managing, protecting, and retaining enterprise data. Market leaders around the world choose NetApp to help them reduce cost, minimize risk, and adapt to change.


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